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Rates subject to change without notice

Most Florida Counties FHA Loan Limit for 2025 is $524,225 | Monroe County FHA Loan Limits are higher at $967,150
The Federal Housing Administration sets FHA loan limits on an annual basis.
Check to See your Florida FHA Loan Limit here

FHA 3.5% Down Payment Mortgage

FHA 3.5% Down Payment Program

What is an FHA loan?

An FHA mortgage is a government-backed home loan with more flexible lending requirements than those for conforming loans. Because of this, interest rates for FHA mortgages may be somewhat higher, and the buyer may need to pay monthly mortgage insurance premiums along with their monthly loan payments.

FHA loans are insured by the Federal Housing Administration (FHA) and may have an easier qualification process due to less stringent down-payment and credit requirements than conventional mortgages. Note: If you’re a current military member or veteran, you may be eligible for a VA home loan with little or no downpayment.

Benefits and considerations

Lower down payments
An FHA mortgage may require a down payment as low as 3.5 percent, although the interest rate may be somewhat higher than with a conventional mortgage.

Lower credit thresholds
One of the benefits of the FHA loan program is that home buyers may qualify even without a long credit history or outstanding credit.

Popular for refinancing
Many borrowers with newly adjusting ARMs look to refinance into fixed-rate FHA loans.

FHA Minimum Property Requirements – see here

You can click on the button below or apply online; if you prefer to speak with one of our Home Buyer Experts, we would be happy to speak with you at 888-259-2257.

KEY FEATURES AND BENEFITS

Down payments of 3.5%
Fixed or adjustable rate loans are available
Seller can assist with up to 6% of purchase price toward closing costs
All funds for your closing costs can be from a gift
Non-traditional credit considerations (on-time rent, utility and insurance payments)

COMPARE YOUR OPTIONS

	CONFORMING	FHA
DOWN PAYMENT	3% Must have available funds.	3.5% All of the funds can be a gift from a family member
MINIMUM CREDIT SCORE	Varies by loan program	Varies by loan program
RATES	Rates are determined by the lender based on guidelines/credit criteria.	Rates are determined by the lender based on guidelines/credit criteria.
MORTGAGE INSURANCE	Private Mortgage Insurance is required with less than 20% down.	Upfront mortgage insurance premium can be added into the loan + monthly mortgage insurance premium.
PROPERTY	Can be primary, investment, or secondary residence	Primary residence only
SELLERS ASSISTANCE	Seller can assist with closing cost up to 6%.	Seller can assist with closing cost up to 6%.
PROPERTY LOCATIONS	In all 50 states	In all 50 states
TERMS	10 – 30 years (5 year increments)	Up to 30 years
LOAN LIMITS	Up to $766,550 in 2024.	Loan limits vary based on # of units, county, etc.
PRODUCTS OFFERED	Fixed Conventional & 5/1 ARM (Adjustable Rate Mortgage)	Fixed & ARM Programs

FHA 3.5% DOWN PAYMENT

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