At a Glance
Minimum Down Payment
Minimum Down Payment to avoid PMI
MIP (Mortgage Insurance Premium)
Upfront - 1.75%
(can be rolled into new loan)
Annual - 80-85 BPS/ paid monthly
Minimum mid-credit score
Min/ Max Loan Amount
$50,000 - $420,680 in most of FL
Loan Repayment Terms
15 years or 30 years
Recent Negative Credit Events
(Bankruptcy, Foreclosure, Short Sale, Deed-in-Lieu)
HAVE A QUESTION?
LOAN SIZE LIMITS
FOR MOST COUNTIES IN THE STATE OF FLORIDA, THE MAXIMUM LOAN SIZE FOR A SINGLE FAMILY HOME USING FHA FINANCING IS $420,680. To check a specific county, click HERE.
ACCEPTABLE HOME TYPES
FHA financing is available on the following property types:
Owner-occupied homes only
CONDOMINIUMS and FHA
Condominiums must be approved by the FHA and maintain regular approvals. FHA will:
SEARCH CONDO APPROVAL STATUS FOR FHA / HUD
This is not a commitment to lend. Not all borrowers will qualify for the loan programs listed. All program terms and conditions are subject to change and may be discontinued without prior notice. Contact loan originator for program questions and scenarios.