Florida FHA Loan Rates, Closing Costs & Stats

Florida

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    Florida FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Florida averaged 6.13% for the week of 2024-11-08, compared to the national average (all FHA variants) of 6.425% for the same period.

    Florida's average FHA mortgage closing costs are $9,587.

    The average rate for the prior week (2024-11-01) was 6.11% and one month ago for the week of 2024-10-04, the average rate was 5.83%.

    The average rate one year ago was 7.07%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.5%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Florida FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Florida level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 11,538 6.35% $14,882
    QUICKEN LOANS, LLC 5,239 6.15% $13,553
    DHI MORTGAGE COMPANY, LTD. 4,720 5.41% $9,699
    EAGLE HOME MORTGAGE, LLC 2,414 5.53% $13,097
    CROSSCOUNTRY MORTGAGE, LLC 2,239 6.70% $15,187
    LOANDEPOT.COM, LLC 2,084 6.36% $12,887
    CARDINAL FINANCIAL 1,556 6.42% $14,734
    Paramount Residential Mortgage Group, Inc. 1,506 6.68% $17,564
    FREEDOM MORTGAGE CORPORATION 1,277 6.64% $16,032
    BROKER SOLUTIONS, INC. 1,195 6.52% $14,686
    PENNYMAC LOAN SERVICES, LLC 1,051 6.17% $15,476
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1,038 6.64% $13,384
    MOVEMENT MORTGAGE, LLC 937 6.62% $12,795
    NEWREZ LLC 921 6.44% $14,603
    FBC MORTGAGE, LLC 852 6.20% $12,534
    THE MORTGAGE FIRM, INC. 803 6.75% $12,090
    AMERICAN FINANCIAL NETWORK, INC. 693 6.82% $14,991
    EVERETT FINANCIAL, INC. 651 6.85% $14,130
    Plains Commerce Bank 617 6.47% $15,031
    AMERICAN PACIFIC MORTGAGE CORPORATION 597 6.62% $15,995
    Flagstar Bank, FSB 565 6.48% $14,841
    NVR Mortgage Finance, Inc. 527 5.80% $11,872
    NFM, INC. 527 6.24% $14,871
    Equity Prime Mortgage LLC 520 6.74% $14,415
    GUARANTEED RATE, INC. 514 6.34% $14,647
    Waterstone Mortgage Corporation 492 6.53% $15,094
    Carrington Mortgage Services, LLC 482 6.32% $14,830
    KBHS HOME LOANS, LLC 476 5.99% $14,747
    Mr. Cooper ( Nationstar Mortgage ) 418 6.07% $17,205
    CMG MORTGAGE, INC. 413 6.37% $16,819
    HOMEOWNERS FINANCIAL GROUP USA, LLC 408 6.63% $13,909
    Bank of England 404 6.44% $12,315
    CALIBER HOME LOANS, INC. 362 6.08% $13,964
    PLAZA HOME MORTGAGE, INC. 339 6.41% $17,012
    PULTE MORTGAGE LLC 338 5.88% $9,230
    UNION HOME MORTGAGE CORP. 334 6.71% $12,912
    HOMESIDE FINANCIAL, LLC 332 6.62% $15,468
    Sierra Pacific Mortgage Company, Inc. 329 6.30% $16,880
    HOME SOLUTION LENDERS INC. 328 5.77% $19,445
    South Pacific Financial Corporation 320 5.45% $10,341
    MY MORTGAGE, INC. 319 6.88% $18,229
    SUN WEST MORTGAGE COMPANY, INC. 315 6.40% $15,578
    JET HOMELOANS, LLC 315 5.94% $13,877
    HOMEBRIDGE FINANCIAL SERVICES, INC. 311 5.99% $15,805
    Century Mortgage Company DBA Century Lending Company 310 6.38% $15,462
    GENEVA FINANCIAL, LLC 305 6.73% $17,329
    AMERISAVE MORTGAGE CORPORATION 296 6.05% $15,900
    Regions Bank 292 6.02% $11,692
    MUTUAL OF OMAHA MORTGAGE, INC. 277 6.47% $15,194
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 275 6.72% $13,909
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 270 6.72% $13,648
    PRIMARY RESIDENTIAL MORTGAGE, INC. 245 6.84% $19,423
    INSPIRE HOME LOANS INC. 244 5.86% $9,827
    Mortgage Lenders Investment Trading Corporation 223 6.94% $11,894
    LOANPAL, LLC 221 5.84% $13,854
    Ameris Bank 221 6.44% $10,971
    VANDERBILT MORTGAGE AND FINANCE, INC. 220 5.58% $14,680
    ABSOLUTE HOME MORTGAGE CORPORATION 219 6.51% $17,501
    PRIMELENDING, A PLAINSCAPITAL COMPANY 208 6.64% $13,166
    MATTAMY HOME FUNDING, LLC 207 5.78% $12,788
    PLANET HOME LENDING, LLC 206 6.29% $12,655
    HOMEAMERICAN MORTGAGE CORPORATION 198 5.46% $7,936
    STOCKTON MORTGAGE CORPORATION 191 6.67% $12,890
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 190 6.64% $16,129
    Ixonia Bank 189 6.74% $14,201
    M/I FINANCIAL, LLC 182 6.19% $16,975
    AMCAP MORTGAGE, LTD. 180 6.96% $20,213
    GUARANTEED RATE AFFINITY, LLC 180 6.46% $13,854
    GUILD MORTGAGE COMPANY 174 6.66% $12,636
    EMBRACE HOME LOANS, INC. 174 6.43% $13,630
    VAN DYK MORTGAGE CORPORATION 169 6.76% $10,064
    SWBC MORTGAGE CORPORATION 166 6.73% $9,966
    SUCCESS MORTGAGE PARTNERS, INC. 164 6.64% $13,414
    EMM LOANS LLC 163 6.33% $15,345
    LAKEVIEW LOAN SERVICING, LLC 163 6.02% $14,128
    TOWNE MORTGAGE COMPANY 162 6.45% $14,752
    OCMBC, INC. 154 6.92% $16,096
    South State Bank 151 6.38% $11,978
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 147 6.38% $14,436
    VELOCIO MORTGAGE L.L.C. 145 5.49% $15,751
    Nations Lending Corporation 142 6.67% $12,704
    BAY EQUITY LLC 142 6.60% $15,084
    Cornerstone First Mortgage, Inc 140 6.85% $15,066
    AMERICAN FINANCIAL RESOURCES, INC. 140 6.66% $11,684
    AMERICAN BANCSHARES MORTGAGE 136 6.68% $12,963
    MICHIGAN MUTUAL, INC. 134 6.11% $16,856
    Prosperity Home Mortgage, LLC 133 6.45% $12,615
    SECURITYNATIONAL MORTGAGE COMPANY 130 6.68% $15,453
    READY MORTGAGE LENDERS, LLC 127 6.85% $19,754
    LEADERONE FINANCIAL CORPORATION 122 6.64% $12,600
    University Bank 122 6.38% $11,201
    JPMorgan Chase Bank 117 6.39% $8,557
    NATIONWIDE MORTGAGE BANKERS, INC. 117 6.73% $16,781
    VILLAGE CAPITAL MORTGAGE 116 6.05% $14,105
    ACADEMY MORTGAGE CORPORATION 116 6.77% $13,923
    First Heritage Mortgage, LLC 111 6.31% $18,840
    PARK SQUARE HOME MORTGAGE, LLC 110 5.20% $12,522
    Hometown Equity Mortgage, LLC 109 6.53% $17,942
    MID AMERICA MORTGAGE, INC. 109 7.15% $11,746
    First Federal Bank 108 6.26% $9,263
    GARDNER FINANCIAL SERVICES, LTD. 107 7.17% $12,239
    Keystone Funding, Inc. 105 6.41% $15,507
    1ST FINANCIAL, INC. 101 6.90% $21,691
    ACOPIA, LLC 101 6.87% $13,488
    MORTGAGE EQUITY PARTNERS LLC 99 6.76% $16,043
    Truist 98 6.14% $10,468
    Mortgage Research Center, LLC 97 6.79% $9,076
    TOP FLITE FINANCIAL, INC. 96 6.87% $17,217
    The Federal Savings Bank 92 6.37% $16,242
    ZILLOW HOME LOANS, LLC 91 6.28% $12,602
    Lakeview Community Capital, LLC 91 5.98% $14,327
    OPEN MORTGAGE, LLC 88 6.44% $12,219
    HOMESTAR FINANCIAL CORPORATION 85 6.44% $10,216
    Synovus Bank 83 6.50% $10,796
    NATIONS DIRECT MORTGAGE, LLC 81 6.68% $15,033
    CANOPY MORTGAGE, LLC 81 6.60% $14,744
    NP, Inc. 80 6.80% $16,594
    MILEND, INC. 78 6.40% $16,823
    BECKAM FUNDING CORP. 76 7.09% $22,357
    Citizens Bank 75 6.25% $13,083
    NETWORK CAPITAL FUNDING CORPORATION 73 6.23% $13,283
    AMERICAN FINANCING CORPORATION 71 6.41% $13,861
    U.S. Bank 71 6.56% $12,198
    Centennial Bank 70 6.52% $10,515
    Loan Simple, Inc. 70 6.91% $15,240
    American Mortgage & Equity Consultants, Inc. 65 6.75% $14,828
    GERSHMAN INVESTMENT CORP. 64 6.77% $13,309
    GSF Mortgage Corporation 63 6.32% $14,001
    Northpointe Bank 62 6.60% $14,401
    MORTGAGE SOLUTIONS OF COLORADO, LLC 62 6.82% $16,605
    MORTGAGE FINANCIAL GROUP, INC. 62 6.76% $11,927
    AmeriHome Mortgage Company, LLC 61 5.91% $14,023
    RESIDENTIAL BANCORP 61 6.42% $14,734
    First Horizon Bank 59 6.33% $13,199
    FIRST COMMUNITY MORTGAGE, INC. 59 6.87% $12,402
    Summit Mortgage Corporation 58 6.50% $12,465
    CHURCHILL MORTGAGE CORPORATION 58 6.50% $13,075
    Wells Fargo Bank 57 6.34% $11,099
    Capital City Home Loans, LLC 57 6.73% $11,193
    DELMAR FINANCIAL COMPANY 56 6.69% $10,397
    VERITAS FUNDING, LLC 55 6.56% $17,472
    LAND HOME FINANCIAL SERVICES, INC. 54 6.63% $13,463
    VYSTAR 54 7.02% $7,192
    Bank of America 54 6.44% $9,750
    POINT Mortgage 53 6.78% $15,346
    WATSON MORTGAGE CORP. 51 6.49% $11,537
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 50 6.12% $15,249
    NORTHPOINT MORTGAGE, INC. 50 6.48% $11,534
    RELIANCE FIRST CAPITAL, LLC 50 6.46% $15,634
    First Option Mortgage, LLC 49 6.84% $13,682
    PANORAMA MORTGAGE GROUP, LLC 48 6.90% $16,125
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 48 6.64% $12,945
    ENVOY MORTGAGE, LTD 47 6.44% $11,930
    SOUTHPOINT FINANCIAL SERVICES, INC. 46 6.76% $9,881
    DIRECT MORTGAGE LOANS, LLC 45 6.53% $13,215
    FIRST EQUITY MORTGAGE BANKERS, INC. 45 6.77% $16,479
    NJ LENDERS CORP. 44 6.46% $13,735
    ALLIED MORTGAGE GROUP, INC. 43 6.38% $13,845
    BAYSHORE MORTGAGE FUNDING, LLC 43 6.53% $14,491
    BM Real Estate Services, Inc. 42 6.09% $18,969
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 42 6.50% $15,582
    HOMESPIRE MORTGAGE CORPORATION 42 6.65% $12,257
    CONTOUR MORTGAGE CORPORATION 41 6.37% $16,671
    TOTAL MORTGAGE SERVICES, LLC 41 6.57% $15,352
    Premium Mortgage Corporation 41 6.38% $19,181
    Alcova Mortgage LLC 40 6.59% $10,232
    FIRST ALLIANCE HOME MORTGAGE, LLC 40 6.48% $17,648
    Trustmark National Bank 39 6.50% $9,497
    TJC Mortgage, Inc. 39 6.43% $15,036
    MORTGAGE 1 INCORPORATED 39 6.32% $12,811
    PENTAGON FEDERAL CREDIT UNION 39 5.81% $12,210
    ROYAL UNITED MORTGAGE LLC 39 6.69% $13,066
    Hancock Whitney Bank 38 5.97% $11,987
    Bell Bank 38 6.41% $11,485
    THRIVE MORTGAGE, LLC 38 6.65% $11,140
    FAIRWAY FUNDING GROUP, INC. 38 6.66% $14,112
    T2 FINANCIAL LLC 37 6.67% $14,858
    LIBERTY HOME MORTGAGE CORPORATION 37 6.92% $17,353
    HOME FINANCING CENTER, INC. 37 7.49% $26,391
    DG PINNACLE FUNDING LLC 37 6.73% $18,623
    Barrington Bank & Trust Company, N.A. 36 6.41% $11,192
    LADERA LENDING, INC. 36 6.19% $15,163
    NATIONS RELIABLE LENDING, LLC 35 6.66% $15,840
    Fifth Third Bank 35 6.28% $9,054
    Gateway First Bank 34 6.38% $11,418
    PNC Bank 34 6.66% $8,601
    CALCON MUTUAL MORTGAGE LLC 34 6.87% $18,640
    AHL FUNDING 34 6.99% $22,726
    NTFN, INC. 33 6.69% $12,518
    NBKC BANK 32 5.89% $10,387
    US MORTGAGE CORPORATION 31 6.35% $15,801
    United Fidelity Funding Corp. 31 6.80% $14,968
    TIDEWATER MORTGAGE SERVICES, INC. 31 6.64% $15,040
    NEAL COMMUNITIES FUNDING, LLC 30 6.08% $11,761
    PREMIER MORTGAGE RESOURCES, L.L.C. 30 6.48% $14,320
    Network Funding, L.P. 29 6.82% $12,287
    FIDELITY BANK 29 6.61% $10,436
    MLB RESIDENTIAL LENDING, LLC 27 6.53% $14,231
    PHH Mortgage Corporation 27 6.47% $12,902
    ENDEAVOR CAPITAL, LLC. 26 6.21% $12,400
    AmRes Corporation 26 6.83% $18,789
    LOANLEADERS OF AMERICA, INC. 26 6.00% $18,389
    FIRST MORTGAGE COMPANY, INC. 26 6.25% $13,692
    M&T Bank 25 6.53% $11,350
    DAS Acquisition Company, LLC 25 7.05% $13,529
    Advisors Mortgage Group, L.L.C. 25 6.18% $12,470
    LEGEND LENDING CORPORATION 24 6.61% $18,503
    NORWICH COMMERCIAL GROUP, INC. 23 6.49% $14,831
    Goldwater Bank, N.A. 23 6.42% $12,005
    GEO-CORP, INC. 22 7.33% $22,323
    TruHome Solutions, LLC 21 6.34% $11,631
    BETTER MORTGAGE CORPORATION 20 6.16% $13,407
    City National Bank of Florida 20 6.25% $12,766
    DRAPER AND KRAMER MORTGAGE CORP. 20 6.43% $10,947
    JMAC LENDING, INC. 20 6.48% $14,519
    Strong Home Mortgage, LLC 19 6.17% $10,819
    EQUITY RESOURCES, INC. 19 6.58% $10,190
    AXIA FINANCIAL, LLC 19 6.45% $15,961
    RADIUS FINANCIAL GROUP INC. 19 6.88% $13,766
    INTELLILOAN, INC. 19 6.25% $11,900
    INTERCAP LENDING INC. 19 6.63% $14,557
    BELEM SERVICING LLC 19 6.64% $18,700
    Renasant Bank 19 6.09% $11,278
    BancorpSouth 19 6.49% $8,409
    United Community Bank 18 6.19% $11,453
    RUOFF MORTGAGE COMPANY, INC. 18 6.23% $10,320
    ServisFirst Bank 18 6.45% $9,572
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 18 6.75% $12,017
    PREFERRED LENDING SERVICES, LLC 17 6.40% $13,867
    Performance Financial, Inc. 17 6.58% $17,458
    HOMESTEAD FUNDING CORP. 17 6.02% $8,068
    Wolfe Financial, Inc 16 7.08% $13,681
    Florida Capital Bank 16 6.73% $13,838
    BAY CAPITAL MORTGAGE CORPORATION 16 6.21% $12,287
    The Loan Store, Inc. 16 6.73% $21,829
    TD Bank 16 6.34% $9,769
    East Coast Capital Corp. 16 6.73% $16,304
    GTE Federal Credit Union 15 6.22% $11,363
    BANKING MORTGAGE SERVICES, B.M.S. CORP. 15 6.92% $19,968
    J. VIRGIL, INC. 15 6.24% $14,140
    NEW FED MORTGAGE, CORP. 15 6.66% $13,615
    Town Square Mortgage & Investments, Inc. 15 6.62% $11,513
    HOMETRUST MORTGAGE COMPANY 15 6.66% $10,911
    Tyndall Federal Credit Union 14 6.71% $8,801
    SPACE COAST Credit Union 14 6.65% $8,329
    LAKE MICHIGAN CREDIT UNION 14 6.29% $12,685
    OCEANSIDE MORTGAGE COMPANY 13 6.08% $10,673
    First Savings Bank 13 6.09% $17,671
    Seacoast National Bank 13 6.76% $11,861
    DSLD MORTGAGE, LLC 13 5.99% $9,165
    Acre Mortgage and Financial Inc 13 6.92% $15,732
    CLIFFCO, INC. 13 6.83% $15,461
    Valley National Bank 13 6.58% $11,915
    ON Q FINANCIAL, INC. 12 7.11% $15,270
    KELLER MORTGAGE, LLC 12 5.67% $11,139
    MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 12 6.90% $18,759
    CITY FIRST MORTGAGE SERVICES, L.L.C. 12 6.94% $14,337
    MORTGAGE INVESTORS GROUP, INC. 12 6.43% $11,552
    Midwest Mortgage Associates Corporation 12 7.04% $10,760
    Evolve Bank & Trust 12 6.71% $13,955
    COMPASS MORTGAGE, INC. 11 6.55% $13,319
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 11 6.71% $12,823
    A&D Mortgage LLC 11 6.47% $23,741
    POLARIS HOME FUNDING CORP. 11 6.68% $11,681
    ARC HOME LLC 11 6.26% $21,865
    GoPrime Mortgage, Inc. 10 6.48% $15,752
    THE EQUITABLE MORTGAGE CORPORATION 10 6.91% $13,545
    Raymond James Bank 9 6.40% $10,372
    UNITED NORTHERN MORTGAGE BANKERS LIMITED 9 6.33% $22,633
    NEW DAY FINANCIAL, LLC 9 7.31% $8,603
    Franklin Loan Corporation 9 5.79% $17,340
    Towne Bank 9 6.01% $16,872
    Magnolia Bank 9 6.75% $13,165
    SeaTrust Mortgage Company 8 6.36% $10,922
    RESOURCE FINANCIAL SERVICES, INC. 8 6.58% $11,356
    HALLMARK HOME MORTGAGE, LLC 8 6.56% $11,689
    RESIDENTIAL HOME MORTGAGE CORPORATION 8 5.98% $14,337
    RESIDENTIAL HOME FUNDING CORP. 8 6.27% $17,000
    1ST 2ND MORTGAGE COMPANY OF N.J., INC. 8 6.28% $17,175
    COMMUNITY CREDIT UNION OF FLORIDA 8 6.19% $9,762
    SOVEREIGN LENDING GROUP INCORPORATED 8 5.98% $14,269
    SOUTHERN TRUST MORTGAGE, LLC 8 6.56% $10,830
    AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 8 6.50% $13,790
    1ST SIGNATURE LENDING, LLC 7 6.71% $12,867
    CROSSFIRE FINANCIAL NETWORK, INC. 7 6.80% $19,343
    MLD MORTGAGE INC. 7 6.48% $9,299
    CRESCENT MORTGAGE COMPANY 7 6.70% $10,483
    Shea Mortgage Inc. 7 6.52% $7,324
    SUMMIT FUNDING, INC. 7 6.52% $20,754
    SOUTHWEST STAGE FUNDING, LLC 7 7.13% $9,621
    CORNERSTONE HOME LENDING, INC. 7 6.59% $11,816
    BOND STREET MORTGAGE, LLC 7 6.69% $17,360
    Blue Ridge Bank 7 6.50% $8,691
    FIRST HOME MORTGAGE CORPORATION 7 6.34% $14,948
    GMFS LLC 7 6.59% $9,621
    FIRST CENTENNIAL MORTGAGE CORPORATION 6 6.88% $9,753
    RAPID MORTGAGE COMPANY 6 6.81% $12,145
    Residential Mortgage Solutions, Inc. 6 6.38% $13,741
    UNIVERSAL MORTGAGE & FINANCE, INC. 6 7.02% $63,673
    GVC MORTGAGE, INC. 6 7.02% $14,273
    Integrity Home Mortgage Corp 6 6.71% $14,304
    V.I.P. MORTGAGE, INC. 6 6.77% $15,420
    Mortgage Assurance Inc. 6 6.38% $10,552
    CIBM Bank 6 6.71% $14,505
    NORTHERN MORTGAGE SERVICES, LLC 6 6.58% $8,653
    Wyndham Capital Mortgage, Inc. 6 5.63% $10,229
    Paramount Bank 6 6.60% $10,465
    PREMIA MORTGAGE, LLC 6 6.19% $7,987
    FLAT BRANCH MORTGAGE, INC. 6 6.56% $12,243
    LOANFLIGHT LENDING, LLC 5 6.50% $11,413
    Princeton Mortgage Corporation 5 6.85% $10,123
    GLENDENNING MORTGAGE CORPORATION 5 6.68% $18,085
    NOVA FINANCIAL & INVESTMENT CORPORATION 5 6.53% $6,656
    BNC National Bank 5 5.55% $12,237
    INTERCOASTAL MORTGAGE COMPANY 5 6.70% $13,816
    INTERSTATE HOME LOAN CENTER, INC. 5 6.30% $24,108
    SHELTER MORTGAGE COMPANY, L.L.C. 5 6.43% $13,348
    DATA MORTGAGE, INC. 5 6.85% $14,871
    CASTLE & COOKE MORTGAGE, LLC 5 6.50% $18,247
    Armed Forces Bank 5 6.28% $15,698
    NexBank 5 6.43% $13,020
    Neighborhood Loans, Inc. 5 6.78% $19,045
    FM Home Loans, LLC 5 6.58% $12,461
    Arvest Bank 5 6.08% $11,740
    SHELTER HOME MORTGAGE, LLC 5 6.50% $14,124
    MORIA DEVELOPMENT, INC. 5 7.05% $11,432
    MANN FINANCIAL INC. 4 7.06% $12,261
    ALAMEDA MORTGAGE CORPORATION 4 6.72% $11,628
    Commerce Home Mortgage, Inc. 4 6.56% $16,111
    CBM Mortgage, Inc. 4 6.84% $13,553
    Mid-Continent Funding, Inc. 4 6.28% $18,581
    MEMBER FIRST MORTGAGE, LLC 4 6.78% $14,084
    The Huntington National Bank 4 6.59% $10,389
    MASON MCDUFFIE MORTGAGE CORPORATION 4 6.78% $15,369
    Presidential Bank, FSB 4 6.22% $15,214
    DIRECT MORTGAGE, CORP. 4 5.97% $14,946
    PACIFIC RESIDENTIAL MORTGAGE, LLC 4 6.81% $20,598
    Shamrock Home Loans, Inc. 4 6.78% $13,005
    HOMEXPRESS MORTGAGE CORP. 4 6.78% $13,973
    Encompass Lending Group, LP 4 7.28% $12,676
    HighTechLending Inc 4 6.41% $16,386
    FIRSTBANK PUERTO RICO 4 5.69% $15,118
    UNITED SECURITY FINANCIAL CORP 4 6.88% $15,906
    CityWorth Mortgage LLC 4 5.66% $21,849
    MORTGAGE ONE OF THE SOUTH, INC. 4 6.00% $7,935
    Home State Bank 3 6.54% $11,837
    Fidelity Bank 3 6.54% $13,832
    Atlantic Coast Mortgage, LLC 3 6.04% $12,028
    Assurance Financial Group, L.L.C. 3 6.50% $12,186
    RANLIFE, INC. 3 6.42% $10,452
    Gulf Coast Bank and Trust Company 3 6.67% $8,611
    EUSTIS AND AMERICAN MORTGAGE COMPANY 3 6.71% $13,579
    PINNACLE LENDING GROUP, INC. 3 6.63% $13,501
    CIS Financial Services, Inc. 3 7.00% $10,647
    GREENTREE MORTGAGE COMPANY, L.P. 3 7.29% $16,188
    THE MORTGAGE LINK, INC. 3 6.83% $21,178
    SmartBank 3 6.88% $8,660
    George Mason Mortgage, LLC 3 6.67% $12,024
    Vellum Mortgage, Inc. 3 6.25% $20,116
    Semper Home Loans, Inc. 3 6.38% $14,531
    Servion, Inc. 3 6.50% $15,799
    ROSS MORTGAGE CORPORATION 3 7.38% $10,724
    KeyBank 3 6.25% $14,670
    American Security Mortgage Corp. 3 7.21% $9,330
    BankPlus 3 6.08% $6,937
    OAKTREE FUNDING CORP. 3 5.63% $19,952
    Leader Bank 3 6.38% $13,335
    THE MORTGAGE WAREHOUSE,LLC 3 6.71% $13,200
    North American Savings Bank, F.S.B. 3 5.17% $13,430
    HUNT MORTGAGE CORPORATION 3 6.71% $11,322
    SFMC, LP 3 6.71% $13,925
    FIDELITY DIRECT MORTGAGE, LLC 3 6.63% $12,925
    Shore United Bank 2 6.13% $22,438
    First Bank 2 6.31% $12,407
    FIRST COLONY MORTGAGE CORPORATION 2 6.94% $12,413
    First Commonwealth Bank 2 6.25% $11,050
    FIRST EQUITY MORTGAGE INCORPORATED 2 5.44% $17,807
    FAIR WAY LENDING LLC 2 5.63% $11,389
    GREENWAY MORTGAGE FUNDING CORP. 2 6.75% $11,881
    HARTFORD FUNDING, LTD. 2 7.19% $11,606
    HOME FUNDING CORPORATION 2 5.69% $24,616
    ISERVE RESIDENTIAL LENDING, LLC 2 6.75% $16,516
    JERSEY MORTGAGE COMPANY OF NEW JERSEY, INC. 2 6.13% $19,911
    Legends Bank 2 6.38% $14,475
    LENDING CAPITAL GROUP Inc 2 6.56% $16,020
    COMMUNITY MORTGAGE, LLC 2 6.50% $11,911
    Community Bank of Mississippi 2 7.06% $13,655
    MJW Financial LLC 2 6.56% $14,776
    MORTGAGE ACCESS CORP. 2 6.50% $11,745
    Citibank 2 5.44% $10,235
    NATION ONE MORTGAGE CORPORATION 2 6.56% $18,007
    Chickasaw Community Bank 2 6.50% $8,653
    CHERRY CREEK MORTGAGE, LLC 2 6.25% $6,155
    CERTAINTY HOME LOANS, LLC 2 5.88% $13,964
    NEXERA HOLDING LLC 2 5.56% $7,500
    Capital Bank 2 6.94% $12,131
    ONY GLO, INC. 2 5.75% $32,303
    Pen Air Federal Credit Union 2 6.75% $6,384
    Bethpage Federal Credit Union 2 6.44% $3,868
    Preston Home Loans Inc 2 6.94% $12,881
    PROVINCE MORTGAGE ASSOCIATES, INC. 2 6.81% $24,091
    BANKSOUTH MORTGAGE COMPANY, LLC 2 7.13% $11,585
    S1L, Inc. 2 6.50% $14,769
    TBI MORTGAGE COMPANY 2 6.18% $22,829
    THE ANDERSON FINANCIAL GROUP, INC. 2 6.63% $12,320
    The Central Trust Bank 2 6.13% $10,785
    UNIVERSAL LENDING CORPORATION 2 7.19% $12,934
    VISION ONE MORTGAGE, INC. 2 6.25% $10,037
    Wallick & Volk, Inc. 2 6.88% $18,853
    PROPER RATE, LLC 1 7.25% $9,440
    PREMIER LENDING, INC. 1 6.63% $19,929
    PLUS RELOCATION MORTGAGE, LLC 1 7.25% $12,525
    Simmons Bank 1 6.25% $12,138
    SIRVA MORTGAGE, INC. 1 6.25% $11,985
    Platinum Home Mortgage Corporation 1 6.59% $10,115
    PINNACLE MORTGAGE, INC. 1 7.25% $9,253
    PILGRIM MORTGAGE LLC 1 7.25% $10,451
    BOKF 1 7.13% $10,993
    Pacific Lending LLC 1 7.38% $11,111
    Atlantic Union Bank 1 6.13% $10,644
    Origin Bank 1 5.63% $7,529
    Busey Bank 1 6.75% $10,786
    Byline Bank 1 6.13% $11,597
    STAUNTON FINANCIAL, INC. 1 5.88% $10,367
    Stifel Bank and Trust 1 5.75% $9,475
    Cambria Financial Group, LLC 1 7.25% $9,308
    Stride Bank 1 6.50% $14,615
    CapStar Bank 1 7.00% $9,503
    NEW WAVE LENDING GROUP INC 1 5.50% $25,533
    NASA Federal Credit Union 1 7.25% $9,453
    MYCUMORTGAGE, LLC 1 6.13% $9,352
    SUMMIT MORTGAGE CORPORATION 1 7.38% $12,374
    Sunflower Bank 1 5.99% $32,294
    Associated Bank 1 6.25% $11,927
    ASPIRE FINANCIAL, INC. 1 5.75% $8,013
    MORTGAGE MANAGEMENT CONSULTANTS, INC. 1 6.75% $10,050
    Civista Bank 1 6.13% $9,945
    ACHIEVA CREDIT UNION 1 6.13% $9,875
    Colonial Savings, F.A. 1 5.63% $10,677
    Willamette Valley Bank 1 6.13% $6,944
    FirstBank 1 6.63% $15,868
    ML Mortgage Corp. 1 6.63% $18,456
    MDE Home Loans, LLC 1 7.50% $16,162
    The Freedom Bank of Virginia 1 6.00% $11,702
    MCLEAN MORTGAGE CORPORATION 1 5.75% $9,989
    LOANPEOPLE, LLC 1 7.25% $19,131
    COUNTRYPLACE MORTGAGE, LTD. 1 6.50% $22,508
    Lend Smart Mortgage, LLC 1 6.50% $9,346
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 5.75% $6,350
    Lakeland Bank 1 6.75% $7,046
    Kwik Mortgage Corporation 1 7.75% $10,626
    KEESLER 1 5.63% $7,737
    DEVELOPER'S MORTGAGE COMPANY 1 7.75% $18,766
    JMJ FINANCIAL GROUP 1 7.38% $10,864
    JLB CORPORATION 1 5.75% $17,789
    JET DIRECT FUNDING CORP 1 6.63% $15,624
    Eagle Bank and Trust Company 1 5.63% $14,225
    Elements Financial Federal Credit Union 1 6.63% $10,452
    Hawthorn Bank 1 6.75% $10,075
    HARBORONE MORTGAGE, LLC 1 7.00% $8,796
    EQUITY NOW INC. 1 7.25% $16,205
    UNION CAPITAL MORTGAGE CORPORATION 1 6.88% $19,066
    GUARANTY HOME MORTGAGE CORPORATION 1 6.63% $14,695
    Union Savings Bank 1 7.00% $4,866
    United Bank 1 6.63% $12,078
    EVANSVILLE TEACHERS 1 6.75% $8,072
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 6.99% $16,038
    GEORGIA'S OWN 1 6.63% $9,219
    Genesee Regional Bank 1 6.75% $15,671
    AMERICAN FEDERAL MORTGAGE CORPORATION 1 6.50% $11,993
    WRIGHT-PATT CREDIT UNION, INC. 1 6.63% $12,330
    FAMILY FINANCE MORTGAGE, LLC 1 7.25% $9,103
    FOUNDATION MORTGAGE CORPORATION 1 6.50% $18,407
    Allied First Bank,sb 1 7.25% $14,213
    Flanagan State Bank 1 5.25% $12,700
    FIRST SAVINGS MORTGAGE CORPORATION 1 6.63% $19,108
    Firstrust Savings Bank 1 6.13% $20,820
    First PREMIER Bank 1 5.25% $7,926
    First National Bank of Omaha 1 6.13% $13,383
    First Liberty Bank 1 6.99% $16,420
    AFFORDABLE MORTGAGE ADVISORS, LLC. 1 7.13% $8,604
    Victorian Finance, LLC 1 6.88% $10,110
    First Internet Bank of Indiana 1 5.63% $6,422
    First Financial Bank 1 5.75% $12,820
    Financial Funding Solutions, Inc. 1 7.13% $8,605
    Advance Financial Group, LLC 1 6.63% $13,284
    Financial Partners Credit Union 1 5.99% $8,884
    WALL STREET MORTGAGE BANKERS, LTD. 1 7.13% $8,639
    Watermark Capital, Inc. 1 6.75% $13,249
    First Federal Bank, A FSB 1 6.13% $9,372
    Financial Freedom Mortgage, LLC 1 6.88% $17,176
    Sandy Spring Bank 1 6.12% $11,465
    Ross Mortgage Company, Inc. 1 7.63% $10,289
    Republic Bank 1 5.75% $14,337
    Quontic Bank 1 7.25% $20,257
    Quaint Oak Mortgage, LLC 1 6.25% $7,013
    BAY-VALLEY MORTGAGE GROUP 1 7.13% $13,241

    The top Florida FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 11,538 FHA loans originated. Their average total fees are $14,882, which is $1,329 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Florida FHA lenders (with over 10 loans originated) are VYSTAR ($7,192), HOMEAMERICAN MORTGAGE CORPORATION ($7,936), HOMESTEAD FUNDING CORP. ($8,068), SPACE COAST Credit Union ($8,329) and BancorpSouth ($8,409).

    The lowest rate Florida FHA lenders (with over 10 loans originated) are PARK SQUARE HOME MORTGAGE, LLC (5.20%), DHI MORTGAGE COMPANY, LTD. (5.41%), South Pacific Financial Corporation (5.45%), HOMEAMERICAN MORTGAGE CORPORATION (5.46%) and VELOCIO MORTGAGE L.L.C. (5.49%).

    Florida FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    GAINESVILLE, FL ALACHUA 2022 $420,680 $538,650 $651,050 $809,150
    JACKSONVILLE, FL BAKER 2022 $432,400 $553,550 $669,100 $831,550
    PANAMA CITY, FL BAY 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO BRADFORD 2022 $420,680 $538,650 $651,050 $809,150
    PALM BAY-MELBOURNE-TITUSVILLE, FL BREVARD 2022 $420,680 $538,650 $651,050 $809,150
    MIAMI-FORT LAUDERDALE-POMPANO BEACH, FL BROWARD 2022 $460,000 $588,850 $711,800 $884,600
    NON-METRO CALHOUN 2022 $420,680 $538,650 $651,050 $809,150
    PUNTA GORDA, FL CHARLOTTE 2022 $420,680 $538,650 $651,050 $809,150
    HOMOSASSA SPRINGS, FL CITRUS 2022 $420,680 $538,650 $651,050 $809,150
    JACKSONVILLE, FL CLAY 2022 $432,400 $553,550 $669,100 $831,550
    NAPLES-MARCO ISLAND, FL COLLIER 2022 $552,000 $706,650 $854,200 $1,061,550
    LAKE CITY, FL COLUMBIA 2022 $420,680 $538,650 $651,050 $809,150
    ARCADIA, FL DESOTO 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO DIXIE 2022 $420,680 $538,650 $651,050 $809,150
    JACKSONVILLE, FL DUVAL 2022 $432,400 $553,550 $669,100 $831,550
    PENSACOLA-FERRY PASS-BRENT, FL ESCAMBIA 2022 $420,680 $538,650 $651,050 $809,150
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL FLAGLER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO FRANKLIN 2022 $420,680 $538,650 $651,050 $809,150
    TALLAHASSEE, FL GADSDEN 2022 $420,680 $538,650 $651,050 $809,150
    GAINESVILLE, FL GILCHRIST 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO GLADES 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO GULF 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO HAMILTON 2022 $420,680 $538,650 $651,050 $809,150
    WAUCHULA, FL HARDEE 2022 $420,680 $538,650 $651,050 $809,150
    CLEWISTON, FL HENDRY 2022 $420,680 $538,650 $651,050 $809,150
    TAMPA-ST. PETERSBURG-CLEARWATER, FL HERNANDO 2022 $420,680 $538,650 $651,050 $809,150
    SEBRING-AVON PARK, FL HIGHLANDS 2022 $420,680 $538,650 $651,050 $809,150
    TAMPA-ST. PETERSBURG-CLEARWATER, FL HILLSBOROUGH 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO HOLMES 2022 $420,680 $538,650 $651,050 $809,150
    SEBASTIAN-VERO BEACH, FL INDIAN RIVER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO JACKSON 2022 $420,680 $538,650 $651,050 $809,150
    TALLAHASSEE, FL JEFFERSON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO LAFAYETTE 2022 $420,680 $538,650 $651,050 $809,150
    ORLANDO-KISSIMMEE-SANFORD, FL LAKE 2022 $420,680 $538,650 $651,050 $809,150
    CAPE CORAL-FORT MYERS, FL LEE 2022 $420,680 $538,650 $651,050 $809,150
    TALLAHASSEE, FL LEON 2022 $420,680 $538,650 $651,050 $809,150
    GAINESVILLE, FL LEVY 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO LIBERTY 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO MADISON 2022 $420,680 $538,650 $651,050 $809,150
    NORTH PORT-SARASOTA-BRADENTON, FL MANATEE 2022 $420,680 $538,650 $651,050 $809,150
    OCALA, FL MARION 2022 $420,680 $538,650 $651,050 $809,150
    PORT ST. LUCIE, FL MARTIN 2022 $431,250 $552,050 $667,350 $829,350
    MIAMI-FORT LAUDERDALE-POMPANO BEACH, FL MIAMI-DADE 2022 $460,000 $588,850 $711,800 $884,600
    KEY WEST, FL MONROE 2022 $710,700 $909,800 $1,099,750 $1,366,750
    JACKSONVILLE, FL NASSAU 2022 $432,400 $553,550 $669,100 $831,550
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL OKALOOSA 2022 $539,350 $690,450 $834,600 $1,037,200
    OKEECHOBEE, FL OKEECHOBEE 2022 $420,680 $538,650 $651,050 $809,150
    ORLANDO-KISSIMMEE-SANFORD, FL ORANGE 2022 $420,680 $538,650 $651,050 $809,150
    ORLANDO-KISSIMMEE-SANFORD, FL OSCEOLA 2022 $420,680 $538,650 $651,050 $809,150
    MIAMI-FORT LAUDERDALE-POMPANO BEACH, FL PALM BEACH 2022 $460,000 $588,850 $711,800 $884,600
    TAMPA-ST. PETERSBURG-CLEARWATER, FL PASCO 2022 $420,680 $538,650 $651,050 $809,150
    TAMPA-ST. PETERSBURG-CLEARWATER, FL PINELLAS 2022 $420,680 $538,650 $651,050 $809,150
    LAKELAND-WINTER HAVEN, FL POLK 2022 $420,680 $538,650 $651,050 $809,150
    PALATKA, FL PUTNAM 2022 $420,680 $538,650 $651,050 $809,150
    JACKSONVILLE, FL ST. JOHNS 2022 $432,400 $553,550 $669,100 $831,550
    PORT ST. LUCIE, FL ST. LUCIE 2022 $431,250 $552,050 $667,350 $829,350
    PENSACOLA-FERRY PASS-BRENT, FL SANTA ROSA 2022 $420,680 $538,650 $651,050 $809,150
    NORTH PORT-SARASOTA-BRADENTON, FL SARASOTA 2022 $420,680 $538,650 $651,050 $809,150
    ORLANDO-KISSIMMEE-SANFORD, FL SEMINOLE 2022 $420,680 $538,650 $651,050 $809,150
    THE VILLAGES, FL SUMTER 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO SUWANNEE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO TAYLOR 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO UNION 2022 $420,680 $538,650 $651,050 $809,150
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL VOLUSIA 2022 $420,680 $538,650 $651,050 $809,150
    TALLAHASSEE, FL WAKULLA 2022 $420,680 $538,650 $651,050 $809,150
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL WALTON 2022 $539,350 $690,450 $834,600 $1,037,200
    NON-METRO WASHINGTON 2022 $420,680 $538,650 $651,050 $809,150
    CLEWISTON, FL HENDRY 2023 $472,030 $604,400 $730,525 $907,900
    GAINESVILLE, FL ALACHUA 2023 $472,030 $604,400 $730,525 $907,900
    JACKSONVILLE, FL BAKER 2023 $526,700 $674,250 $815,050 $1,012,900
    PANAMA CITY, FL BAY 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO BRADFORD 2023 $472,030 $604,400 $730,525 $907,900
    PALM BAY-MELBOURNE-TITUSVILLE, FL BREVARD 2023 $472,030 $604,400 $730,525 $907,900
    MIAMI-FORT LAUDERDALE-POMPANO BEACH, FL BROWARD 2023 $557,750 $714,000 $863,100 $1,072,600
    NON-METRO CALHOUN 2023 $472,030 $604,400 $730,525 $907,900
    PUNTA GORDA, FL CHARLOTTE 2023 $472,030 $604,400 $730,525 $907,900
    HOMOSASSA SPRINGS, FL CITRUS 2023 $472,030 $604,400 $730,525 $907,900
    JACKSONVILLE, FL CLAY 2023 $526,700 $674,250 $815,050 $1,012,900
    NAPLES-MARCO ISLAND, FL COLLIER 2023 $672,750 $861,250 $1,041,050 $1,293,750
    LAKE CITY, FL COLUMBIA 2023 $472,030 $604,400 $730,525 $907,900
    ARCADIA, FL DESOTO 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO DIXIE 2023 $472,030 $604,400 $730,525 $907,900
    JACKSONVILLE, FL DUVAL 2023 $526,700 $674,250 $815,050 $1,012,900
    PENSACOLA-FERRY PASS-BRENT, FL ESCAMBIA 2023 $472,030 $604,400 $730,525 $907,900
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL FLAGLER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO FRANKLIN 2023 $472,030 $604,400 $730,525 $907,900
    TALLAHASSEE, FL GADSDEN 2023 $472,030 $604,400 $730,525 $907,900
    GAINESVILLE, FL GILCHRIST 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO GLADES 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO GULF 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO HAMILTON 2023 $472,030 $604,400 $730,525 $907,900
    WAUCHULA, FL HARDEE 2023 $472,030 $604,400 $730,525 $907,900
    TAMPA-ST. PETERSBURG-CLEARWATER, FL HERNANDO 2023 $472,030 $604,400 $730,525 $907,900
    SEBRING-AVON PARK, FL HIGHLANDS 2023 $472,030 $604,400 $730,525 $907,900
    TAMPA-ST. PETERSBURG-CLEARWATER, FL HILLSBOROUGH 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO HOLMES 2023 $472,030 $604,400 $730,525 $907,900
    SEBASTIAN-VERO BEACH, FL INDIAN RIVER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO JACKSON 2023 $472,030 $604,400 $730,525 $907,900
    TALLAHASSEE, FL JEFFERSON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO LAFAYETTE 2023 $472,030 $604,400 $730,525 $907,900
    ORLANDO-KISSIMMEE-SANFORD, FL LAKE 2023 $472,030 $604,400 $730,525 $907,900
    CAPE CORAL-FORT MYERS, FL LEE 2023 $472,030 $604,400 $730,525 $907,900
    TALLAHASSEE, FL LEON 2023 $472,030 $604,400 $730,525 $907,900
    GAINESVILLE, FL LEVY 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO LIBERTY 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO MADISON 2023 $472,030 $604,400 $730,525 $907,900
    NORTH PORT-SARASOTA-BRADENTON, FL MANATEE 2023 $506,000 $647,750 $783,000 $973,100
    OCALA, FL MARION 2023 $472,030 $604,400 $730,525 $907,900
    PORT ST. LUCIE, FL MARTIN 2023 $500,250 $640,400 $774,100 $962,050
    MIAMI-FORT LAUDERDALE-POMPANO BEACH, FL MIAMI-DADE 2023 $557,750 $714,000 $863,100 $1,072,600
    KEY WEST, FL MONROE 2023 $874,000 $1,118,900 $1,352,450 $1,680,800
    JACKSONVILLE, FL NASSAU 2023 $526,700 $674,250 $815,050 $1,012,900
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL OKALOOSA 2023 $603,750 $772,900 $934,250 $1,161,050
    OKEECHOBEE, FL OKEECHOBEE 2023 $472,030 $604,400 $730,525 $907,900
    ORLANDO-KISSIMMEE-SANFORD, FL ORANGE 2023 $472,030 $604,400 $730,525 $907,900
    ORLANDO-KISSIMMEE-SANFORD, FL OSCEOLA 2023 $472,030 $604,400 $730,525 $907,900
    MIAMI-FORT LAUDERDALE-POMPANO BEACH, FL PALM BEACH 2023 $557,750 $714,000 $863,100 $1,072,600
    TAMPA-ST. PETERSBURG-CLEARWATER, FL PASCO 2023 $472,030 $604,400 $730,525 $907,900
    TAMPA-ST. PETERSBURG-CLEARWATER, FL PINELLAS 2023 $472,030 $604,400 $730,525 $907,900
    LAKELAND-WINTER HAVEN, FL POLK 2023 $472,030 $604,400 $730,525 $907,900
    PALATKA, FL PUTNAM 2023 $472,030 $604,400 $730,525 $907,900
    JACKSONVILLE, FL ST. JOHNS 2023 $526,700 $674,250 $815,050 $1,012,900
    PORT ST. LUCIE, FL ST. LUCIE 2023 $500,250 $640,400 $774,100 $962,050
    PENSACOLA-FERRY PASS-BRENT, FL SANTA ROSA 2023 $472,030 $604,400 $730,525 $907,900
    NORTH PORT-SARASOTA-BRADENTON, FL SARASOTA 2023 $506,000 $647,750 $783,000 $973,100
    ORLANDO-KISSIMMEE-SANFORD, FL SEMINOLE 2023 $472,030 $604,400 $730,525 $907,900
    THE VILLAGES, FL SUMTER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO SUWANNEE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO TAYLOR 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO UNION 2023 $472,030 $604,400 $730,525 $907,900
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL VOLUSIA 2023 $472,030 $604,400 $730,525 $907,900
    TALLAHASSEE, FL WAKULLA 2023 $472,030 $604,400 $730,525 $907,900
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL WALTON 2023 $603,750 $772,900 $934,250 $1,161,050
    NON-METRO WASHINGTON 2023 $472,030 $604,400 $730,525 $907,900

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).