What is an FHA Loan? Requirements, How to Get One and Best Lenders
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How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

2024 FHA Loan Limits in Florida

Updated on:
Content was accurate at the time of publication.

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.

County nameOne unitTwo unitsThree unitsFour unitsMedian 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

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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.

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.

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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 unitsLow-cost FHA loan limit
Two$637,950
Three$771,125
Four$958,350

How Does LendingTree Get Paid?
LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

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