2024 FHA Loan Limits in Florida
Loans backed by the Federal Housing Administration (FHA) can help Florida homebuyers with less than stellar credit buy a home without having a hefty down payment. However, there are certain eligibility requirements to qualify and FHA loan limits for each county. The FHA loan limit for single-family homes in Florida ranges from $498,257 to $929,200.
Florida FHA loan limits by county
| County name | One unit | Two units | Three units | Four units | Median sales price |
|---|---|---|---|---|---|
| ALACHUA | $498,257 | $637,950 | $771,125 | $958,350 | $305,000 |
| BAKER | $564,650 | $722,850 | $873,750 | $1,085,900 | $491,000 |
| BAY | $498,257 | $637,950 | $771,125 | $958,350 | $320,000 |
| BRADFORD | $498,257 | $637,950 | $771,125 | $958,350 | $170,000 |
| BREVARD | $498,257 | $637,950 | $771,125 | $958,350 | $342,000 |
| BROWARD | $621,000 | $795,000 | $960,950 | $1,194,250 | $540,000 |
| CALHOUN | $498,257 | $637,950 | $771,125 | $958,350 | $75,000 |
| CHARLOTTE | $498,257 | $637,950 | $771,125 | $958,350 | $329,000 |
| CITRUS | $498,257 | $637,950 | $771,125 | $958,350 | $235,000 |
| CLAY | $564,650 | $722,850 | $873,750 | $1,085,900 | $491,000 |
| COLLIER | $730,250 | $934,850 | $1,130,000 | $1,404,350 | $635,000 |
| COLUMBIA | $498,257 | $637,950 | $771,125 | $958,350 | $174,000 |
| DESOTO | $498,257 | $637,950 | $771,125 | $958,350 | $180,000 |
| DIXIE | $498,257 | $637,950 | $771,125 | $958,350 | $92,000 |
| DUVAL | $564,650 | $722,850 | $873,750 | $1,085,900 | $491,000 |
| ESCAMBIA | $498,257 | $637,950 | $771,125 | $958,350 | $325,000 |
| FLAGLER | $498,257 | $637,950 | $771,125 | $958,350 | $350,000 |
| FRANKLIN | $498,257 | $637,950 | $771,125 | $958,350 | $166,000 |
| GADSDEN | $498,257 | $637,950 | $771,125 | $958,350 | $250,000 |
| GILCHRIST | $498,257 | $637,950 | $771,125 | $958,350 | $305,000 |
| GLADES | $498,257 | $637,950 | $771,125 | $958,350 | $175,000 |
| GULF | $498,257 | $637,950 | $771,125 | $958,350 | $310,000 |
| HAMILTON | $498,257 | $637,950 | $771,125 | $958,350 | $100,000 |
| HARDEE | $498,257 | $637,950 | $771,125 | $958,350 | $125,000 |
| HENDRY | $498,257 | $637,950 | $771,125 | $958,350 | $215,000 |
| HERNANDO | $498,257 | $637,950 | $771,125 | $958,350 | $400,000 |
| HIGHLANDS | $498,257 | $637,950 | $771,125 | $958,350 | $200,000 |
| HILLSBOROUGH | $498,257 | $637,950 | $771,125 | $958,350 | $400,000 |
| HOLMES | $498,257 | $637,950 | $771,125 | $958,350 | $122,000 |
| INDIAN RIVER | $498,257 | $637,950 | $771,125 | $958,350 | $366,000 |
| JACKSON | $498,257 | $637,950 | $771,125 | $958,350 | $130,000 |
| JEFFERSON | $498,257 | $637,950 | $771,125 | $958,350 | $250,000 |
| LAFAYETTE | $498,257 | $637,950 | $771,125 | $958,350 | $100,000 |
| LAKE | $498,257 | $637,950 | $771,125 | $958,350 | $426,000 |
| LEE | $498,257 | $637,950 | $771,125 | $958,350 | $370,000 |
| LEON | $498,257 | $637,950 | $771,125 | $958,350 | $250,000 |
| LEVY | $498,257 | $637,950 | $771,125 | $958,350 | $305,000 |
| LIBERTY | $498,257 | $637,950 | $771,125 | $958,350 | $79,000 |
| MADISON | $498,257 | $637,950 | $771,125 | $958,350 | $82,000 |
| MANATEE | $547,400 | $700,750 | $847,050 | $1,052,700 | $476,000 |
| MARION | $498,257 | $637,950 | $771,125 | $958,350 | $262,000 |
| MARTIN | $546,250 | $699,300 | $845,300 | $1,050,500 | $475,000 |
| MIAMI-DADE | $621,000 | $795,000 | $960,950 | $1,194,250 | $540,000 |
| MONROE | $929,200 | $1,189,550 | $1,437,900 | $1,786,950 | $808,000 |
| NASSAU | $564,650 | $722,850 | $873,750 | $1,085,900 | $491,000 |
| OKALOOSA | $603,750 | $772,900 | $934,250 | $1,161,050 | $518,000 |
| OKEECHOBEE | $498,257 | $637,950 | $771,125 | $958,350 | $150,000 |
| ORANGE | $498,257 | $637,950 | $771,125 | $958,350 | $426,000 |
| OSCEOLA | $498,257 | $637,950 | $771,125 | $958,350 | $426,000 |
| PALM BEACH | $621,000 | $795,000 | $960,950 | $1,194,250 | $540,000 |
| PASCO | $498,257 | $637,950 | $771,125 | $958,350 | $400,000 |
| PINELLAS | $498,257 | $637,950 | $771,125 | $958,350 | $400,000 |
| POLK | $498,257 | $637,950 | $771,125 | $958,350 | $315,000 |
| PUTNAM | $498,257 | $637,950 | $771,125 | $958,350 | $117,000 |
| SANTA ROSA | $498,257 | $637,950 | $771,125 | $958,350 | $325,000 |
| SARASOTA | $547,400 | $700,750 | $847,050 | $1,052,700 | $476,000 |
| SEMINOLE | $498,257 | $637,950 | $771,125 | $958,350 | $426,000 |
| ST. JOHNS | $564,650 | $722,850 | $873,750 | $1,085,900 | $491,000 |
| ST. LUCIE | $546,250 | $699,300 | $845,300 | $1,050,500 | $475,000 |
| SUMTER | $498,257 | $637,950 | $771,125 | $958,350 | $370,000 |
| SUWANNEE | $498,257 | $637,950 | $771,125 | $958,350 | $113,000 |
| TAYLOR | $498,257 | $637,950 | $771,125 | $958,350 | $120,000 |
| UNION | $498,257 | $637,950 | $771,125 | $958,350 | $131,000 |
| VOLUSIA | $498,257 | $637,950 | $771,125 | $958,350 | $350,000 |
| WAKULLA | $498,257 | $637,950 | $771,125 | $958,350 | $250,000 |
| WALTON | $603,750 | $772,900 | $934,250 | $1,161,050 | $518,000 |
| WASHINGTON | $498,257 | $637,950 | $771,125 | $958,350 | $119,000 |
How are FHA loan limits determined?
Each year, FHA loan limits are calculated as a percentage of the conforming loan limit amounts for conventional loans by the Federal Housing Finance Agency (FHFA).
The “floor” is the lowest FHA loan limit offered within the country at 65% of the 2024 conforming loan limit of $766,550. This averages out to $498,257 for a one-unit home found in most counties nationwide. In contrast, the “ceiling” is the highest FHA loan limit in more expensive metro areas throughout the U.S. At 150% of the conforming loan limit, the most you can borrow within these particular areas is $1,149,825.
How to qualify for an FHA loan in Florida
Eligibility requirements for an FHA loan may be more flexible than with conventional loans. However, Florida homebuyers who are interested in applying for FHA loans will still need to meet the minimum requirements that include the following:
→ Credit score and down payment. To make a 3.5% down payment, lenders require you to have at least a 580 credit score, but some may approve a score as low as 500 if you can put 10% down.
→ Stable income and employment history. While FHA loans may not require a certain annual income to qualify, you will need to show stable employment and income history for the last two years.
→ Debt-to-income ratio. The total monthly debt you owe is divided by your monthly income (before tax) to determine your debt-to-income (DTI) ratio with 43% usually being the maximum.
→ Primary residence. You must live in your home for at least one year.
→ Home appraisal. FHA appraisals are required to not only determine the value of the property but to ensure it’s safe and livable and adheres to all FHA requirements.
→ Mortgage insurance. You’ll need to pay two types of FHA mortgage insurance in case you should default on the loan. These include an upfront payment and an annual premium added to your monthly payment.
Buying a multifamily property with an FHA loan
The FHA program also allows you to buy a multifamily home that includes two to four units with just 3.5% down. Similar to a one-family property, there are certain minimum borrower requirements for the homebuyer:
- Proof of stable income
- A minimum 580 credit score for a 3.5% down payment
- Eligible debt-to-income ratio
- Must be your primary residence for at least a year
| Number of units | Low-cost FHA loan limit |
|---|---|
| Two | $637,950 |
| Three | $771,125 |
| Four | $958,350 |
FHA lenders in Florida
Lender | LendingTree rating | Min. FHA credit score | |
|---|---|---|---|
 Flagstar Bank | 580 | ||
 Guaranteed Rate | Not disclosed | ||
 PennyMac | 580 | ||
 Rocket Mortgage | 580 | ||
 BMO Harris | 580 |
