Program highlights
- As little as 3.5% down with a 580+ FICO
- Down payment can be gifted from family
- More flexible debt-to-income allowances than conventional
- Assumable loan — a real advantage if rates stay elevated
- Approved for 1–4 unit primary residences (great for house-hacking Broward duplexes)
- Works with Florida down payment assistance programs
Who it's best for
- First-time home buyers in Fort Lauderdale, Miami, and West Palm Beach
- Buyers rebuilding credit after a life event
- Multi-generational families buying a 2–4 unit property to live in one and rent the others
- Buyers pairing FHA financing with Florida Hometown Heroes or county DPA
What Florida buyers should know
FHA condo approval is a real hurdle in South Florida — many buildings aren't on the HUD approved list. Joann checks project eligibility before you write an offer, so you don't waste 15 days finding out mid-contract.
Frequently asked questions
What are FHA loan limits in Florida for 2026?+
Limits are set by county. Broward, Miami-Dade, and Palm Beach carry higher limits than rural counties. Joann can pull the exact 2026 limit for the county you're shopping.
Do I have to be a first-time buyer to use FHA?+
No. FHA is often used by first-time buyers because of the low down payment, but any owner-occupant can use it.
How is FHA mortgage insurance different from conventional PMI?+
FHA has both an upfront premium (financed into the loan) and monthly MIP that generally stays for the life of the loan. Many buyers refinance out of FHA into conventional once they reach 20% equity.
Explore more Florida loan programs
Ready to talk fha loans?
Joann answers her own phone. Get a real quote — no credit pull without your consent, no pressure, no sales script.