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2019 FHA Loan Limits in Florida

Are you planning to buy a home in Florida? If so, you may be considering an FHA loan to finance your purchase. Because FHA loans require a down payment as low as 3.5%, depending on your credit score, they can often be an affordable choice for first-time and repeat homebuyers alike.

Of course, FHA loans aren’t without limitations. In Florida, the 2019 FHA loan limits for a single-family home range from $314,827 to $529,000, based upon the county where you intend to purchase.

The good news is nation Florida homebuyers might find it easier than buyers in other parts of the nation to find affordable homes that fit well within the FHA loan limit range. The National Association of Realtors (NAR) estimates the price of a typical home in the U.S. was $235,000 (during the third quarter of 2018). The NAR also reports that in the majority of Florida’s 67 counties, the median home price was either near or lower than the national average.

FHA loans have been a popular mortgage choice in Florida in recent years. Florida accounted for 8.68% of the total number of FHA loans issued nationwide in fiscal year 2018, according to the FHA’s most recent report to Congress. More than 91,000 Florida borrowers closed on FHA loans, according to a 2016 report (the most recent year for which the FHA loan count per state is available). In 2015, 28.6% of mortgage loans made statewide were FHA loans.

Florida FHA loan limits by county

FHA Loan Limits in Florida
County Name One-Family Two-Family Three-Family Four-Family Median Sale Price
Alachua $314,827 $403,125 $487,250 $605,525 $180,000
Baker $358,800 $459,300 $555,200 $690,000 $312,000
Bay $314,827 $403,125 $487,250 $605,525 $190,000
Bradford $314,827 $403,125 $487,250 $605,525 $100,000
Brevard $314,827 $403,125 $487,250 $605,525 $195,000
Broward $356,500 $456,350 $551,650 $685,550 $310,000
Calhoun $314,827 $403,125 $487,250 $605,525 $62,000
Charlotte $314,827 $403,125 $487,250 $605,525 $180,000
Citrus $314,827 $403,125 $487,250 $605,525 $115,000
Clay $358,800 $459,300 $555,200 $690,000 $312,000
Collier $450,800 $577,100 $697,600 $866,950 $390,000
Columbia $314,827 $403,125 $487,250 $605,525 $92,000
Desoto $314,827 $403,125 $487,250 $605,525 $97,000
Dixie $314,827 $403,125 $487,250 $605,525 $60,000
Duval $358,800 $459,300 $555,200 $690,000 $312,000
Escambia $314,827 $403,125 $487,250 $605,525 $200,000
Flagler $314,827 $403,125 $487,250 $605,525 $210,000
Franklin $314,827 $403,125 $487,250 $605,525 $150,000
Gadsden $314,827 $403,125 $487,250 $605,525 $174,000
Gilchrist $314,827 $403,125 $487,250 $605,525 $180,000
Glades $314,827 $403,125 $487,250 $605,525 $65,000
Gulf $314,827 $403,125 $487,250 $605,525 $190,000
Hamilton $314,827 $403,125 $487,250 $605,525 $50,000
Hardee $314,827 $403,125 $487,250 $605,525 $60,000
Hendry $314,827 $403,125 $487,250 $605,525 $90,000
Hernando $314,827 $403,125 $487,250 $605,525 $221,000
Highlands $314,827 $403,125 $487,250 $605,525 $115,000
Hillsborough $314,827 $403,125 $487,250 $605,525 $221,000
Holmes $314,827 $403,125 $487,250 $605,525 $64,000
Indian River $314,827 $403,125 $487,250 $605,525 $225,000
Jackson $314,827 $403,125 $487,250 $605,525 $79,000
Jefferson $314,827 $403,125 $487,250 $605,525 $174,000
Lafayette $314,827 $403,125 $487,250 $605,525 $45,000
Lake $314,827 $403,125 $487,250 $605,525 $270,000
Lee $314,827 $403,125 $487,250 $605,525 $225,000
Leon $314,827 $403,125 $487,250 $605,525 $174,000
Levy $314,827 $403,125 $487,250 $605,525 $66,000
Liberty $314,827 $403,125 $487,250 $605,525 $65,000
Madison $314,827 $403,125 $487,250 $605,525 $46,000
Manatee $320,850 $410,750 $496,500 $617,000 $279,000
Marion $314,827 $403,125 $487,250 $605,525 $140,000
Martin $327,750 $419,550 $507,150 $630,300 $285,000
Miami-Dade $356,500 $456,350 $551,650 $685,550 $310,000
Monroe $529,000 $677,200 $818,600 $1,017,300 $450,000
Nassau $358,800 $459,300 $555,200 $690,000 $312,000
Okaloosa $370,300 $474,050 $573,000 $712,100 $322,000
Okeechobee $314,827 $403,125 $487,250 $605,525 $66,000
Orange $314,827 $403,125 $487,250 $605,525 $270,000
Osceola $314,827 $403,125 $487,250 $605,525 $270,000
Palm Beach $356,500 $456,350 $551,650 $685,550 $310,000
Pasco $314,827 $403,125 $487,250 $605,525 $221,000
Pinellas $314,827 $403,125 $487,250 $605,525 $221,000
Polk $314,827 $403,125 $487,250 $605,525 $174,000
Putnam $314,827 $403,125 $487,250 $605,525 $55,000
Santa Rosa $314,827 $403,125 $487,250 $605,525 $200,000
Sarasota $320,850 $410,750 $496,500 $617,000 $279,000
Seminole $314,827 $403,125 $487,250 $605,525 $270,000
St. Johns $358,800 $459,300 $555,200 $690,000 $312,000
St. Lucie $327,750 $419,550 $507,150 $630,300 $285,000
Sumter $314,827 $403,125 $487,250 $605,525 $251,000
Suwannee $314,827 $403,125 $487,250 $605,525 $66,000
Taylor $314,827 $403,125 $487,250 $605,525 $55,000
Union $314,827 $403,125 $487,250 $605,525 $81,000
Volusia $314,827 $403,125 $487,250 $605,525 $210,000
Wakulla $314,827 $403,125 $487,250 $605,525 $174,000
Walton $370,300 $474,050 $573,000 $712,100 $322,000
Washington $314,827 $403,125 $487,250 $605,525 $80,000

How are FHA loan limits determined?

The U.S. Department of Housing and Urban Development (HUD) sets FHA loan limits based on the conforming loan limit — or how large of a mortgage Fannie Mae and Freddie Mac will purchase. In 2019, that limit is $484,350.

The FHA “floor” is the largest mortgage the agency will insure in most of the country and is set at $314,827 for 2019. The FHA “ceiling” applies to high-cost areas and is set at 150% of the conforming loan limit, or $726,525. Outside of a few exceptions, this is the highest mortgage the agency will insure for a single-family home. In other areas, loan limits fall somewhere between the FHA floor and ceiling.

Here are the 2019 standard FHA limits for all property types:

  • One-unit: $314,827
  • Two-unit: $403,125
  • Three-unit: $487,250
  • Four-unit: $605,525

Here are the 2019 standard FHA limits for high-cost areas:

  • One-unit: $726,525
  • Two-unit: $930,300
  • Three-unit: $1,124,475
  • Four-unit: $1,397,400

Do you qualify for an FHA loan in Florida?

Before you choose the loan or lender you believe is right for you, it’s smart to do your research and shop around. This is especially true if you have concerns about whether you’ll be able to qualify for an FHA mortgage. Ready to learn more about other FHA loan requirements, such as credit score, income, etc.? This helpful guide from LendingTree is a great place to start your research.

 

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