Florida FHA Loan Rates, Closing Costs & Stats

Florida

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 6.2% for the week of 2023-12-08, compared to the national average (all FHA variants) of 6.819% for the same period.

Florida's average FHA mortgage closing costs are $8,897.

The average rate for the prior week (2023-12-01) was 6.71% and one month ago for the week of 2023-11-03, the average rate was 6.95%.

The average rate one year ago was 6.02%.

For refis of the same type during the week of 2023-12-08, the average rate was 5.25%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 7,283 4.83% $12,521
QUICKEN LOANS, LLC 5,155 4.36% $11,626
CALIBER HOME LOANS, INC. 2,892 4.59% $12,268
DHI MORTGAGE COMPANY, LTD. 2,786 4.41% $10,680
LOANDEPOT.COM, LLC 2,764 4.78% $11,879
CROSSCOUNTRY MORTGAGE, LLC 2,168 5.16% $13,820
FREEDOM MORTGAGE CORPORATION 1,721 4.68% $11,843
Paramount Residential Mortgage Group, Inc. 1,665 5.15% $15,683
EAGLE HOME MORTGAGE, LLC 1,613 4.90% $13,235
PENNYMAC LOAN SERVICES, LLC 1,440 4.25% $11,611
CARDINAL FINANCIAL 1,362 4.85% $12,925
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1,094 5.11% $11,541
BROKER SOLUTIONS, INC. 975 5.12% $13,047
THE MORTGAGE FIRM, INC. 941 5.22% $11,320
Flagstar Bank, FSB 892 4.66% $11,844
HOME POINT FINANCIAL CORPORATION 847 4.27% $12,238
MOVEMENT MORTGAGE, LLC 841 5.04% $11,297
Mr. Cooper ( Nationstar Mortgage ) 809 4.39% $12,899
Carrington Mortgage Services, LLC 806 5.00% $12,784
Equity Prime Mortgage LLC 779 5.19% $13,105
Mortgage Lenders Investment Trading Corporation 682 4.88% $9,467
FBC MORTGAGE, LLC 671 4.96% $10,284
HOMEBRIDGE FINANCIAL SERVICES, INC. 661 4.74% $13,636
EVERETT FINANCIAL, INC. 643 5.32% $8,399
LAKEVIEW LOAN SERVICING, LLC 640 3.96% $7,630
AMERISAVE MORTGAGE CORPORATION 562 4.43% $13,130
AMERIFIRST FINANCIAL CORPORATION 528 5.23% $11,980
NEWREZ LLC 511 4.71% $10,383
KBHS HOME LOANS, LLC 494 4.76% $15,738
AMERICAN PACIFIC MORTGAGE CORPORATION 465 5.20% $13,575
Plains Commerce Bank 405 4.91% $12,595
GUARANTEED RATE, INC. 399 4.87% $11,872
MY MORTGAGE, INC. 381 5.13% $16,135
Lakeview Community Capital, LLC 375 3.84% $7,250
PRIMARY RESIDENTIAL MORTGAGE, INC. 375 5.19% $15,313
Nations Lending Corporation 360 5.18% $11,762
Bank of England 317 5.14% $12,216
HOME SOLUTION LENDERS INC. 317 4.57% $12,241
Waterstone Mortgage Corporation 296 5.28% $13,517
CMG MORTGAGE, INC. 295 5.20% $12,735
PLANET HOME LENDING, LLC 291 4.39% $10,544
HOMESIDE FINANCIAL, LLC 291 5.18% $13,654
NVR Mortgage Finance, Inc. 289 4.35% $13,198
HOMEOWNERS FINANCIAL GROUP USA, LLC 265 5.04% $12,577
GENEVA FINANCIAL, LLC 262 5.15% $14,302
PLAZA HOME MORTGAGE, INC. 258 5.08% $14,530
HAMILTON HOME LOANS, INC. 257 4.68% $13,293
NFM, INC. 253 5.51% $13,706
VAN DYK MORTGAGE CORPORATION 249 5.03% $9,868
PRIMELENDING, A PLAINSCAPITAL COMPANY 241 5.16% $11,214
ABSOLUTE HOME MORTGAGE CORPORATION 239 5.25% $14,147
SUCCESS MORTGAGE PARTNERS, INC. 224 4.90% $12,242
Hometown Lenders, Inc. 222 4.93% $14,977
VANDERBILT MORTGAGE AND FINANCE, INC. 220 5.04% $12,920
UNIVERSITY LENDING GROUP, LLC 214 4.64% $9,026
PULTE MORTGAGE LLC 211 4.76% $8,918
AMERICAN FINANCING CORPORATION 209 4.50% $11,188
Sierra Pacific Mortgage Company, Inc. 205 4.82% $14,551
ACADEMY MORTGAGE CORPORATION 201 5.14% $11,668
TOP FLITE FINANCIAL, INC. 200 5.21% $17,321
LOANPAL, LLC 193 4.18% $13,940
AMERICAN FINANCIAL RESOURCES, INC. 190 4.94% $9,350
MUTUAL OF OMAHA MORTGAGE, INC. 175 4.71% $12,693
COLUMBUS CAPITAL LENDING, LLC 173 5.10% $16,873
HOMEAMERICAN MORTGAGE CORPORATION 173 4.25% $7,971
Citizens Bank 171 4.21% $10,298
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 170 4.96% $11,649
VILLAGE CAPITAL MORTGAGE 168 3.80% $7,785
SUN WEST MORTGAGE COMPANY, INC. 166 4.79% $12,889
GUARANTEED RATE AFFINITY, LLC 166 4.96% $11,362
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 164 4.71% $13,017
JET HOMELOANS, LLC 161 5.35% $12,113
South Pacific Financial Corporation 161 4.86% $12,667
UNION HOME MORTGAGE CORP. 158 4.94% $10,019
Regions Bank 155 4.80% $10,204
Ameris Bank 152 4.84% $9,633
FINANCE OF AMERICA MORTGAGE LLC 152 4.53% $12,781
AMCAP MORTGAGE, LTD. 152 5.19% $18,525
First Federal Bank 149 4.82% $10,021
GUILD MORTGAGE COMPANY 147 5.18% $11,669
Hometown Equity Mortgage, LLC 146 5.11% $15,238
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 145 5.29% $14,426
EMBRACE HOME LOANS, INC. 144 5.02% $11,348
Ixonia Bank 136 5.36% $13,433
INSPIRE HOME LOANS INC. 135 4.99% $10,221
NP, Inc. 132 4.95% $15,560
JPMorgan Chase Bank 128 4.95% $8,377
EMM LOANS LLC 125 4.99% $13,649
SECURITYNATIONAL MORTGAGE COMPANY 123 5.01% $14,527
READY MORTGAGE LENDERS, LLC 120 5.19% $18,559
MICHIGAN MUTUAL, INC. 119 4.86% $13,798
PANORAMA MORTGAGE GROUP, LLC 115 5.22% $16,884
MATTAMY HOME FUNDING, LLC 114 4.34% $12,975
AMERICAN BANCSHARES MORTGAGE 112 5.14% $13,816
SWBC MORTGAGE CORPORATION 112 5.00% $9,821
OCMBC, INC. 111 4.90% $14,445
Century Mortgage Company DBA Century Lending Company 110 5.07% $13,877
South State Bank 107 4.86% $11,226
Synovus Bank 99 5.03% $10,023
NATIONS DIRECT MORTGAGE, LLC 98 4.68% $13,149
LAND HOME FINANCIAL SERVICES, INC. 98 5.00% $13,026
HOME FINANCING CENTER, INC. 97 5.61% $20,956
OPEN MORTGAGE, LLC 96 4.89% $11,047
ACOPIA, LLC 96 5.23% $12,847
Centennial Bank 95 4.98% $9,827
Christensen Financial, Inc. 95 4.58% $11,225
ARK-LA-TEX FINANCIAL SERVICES, LLC. 94 4.77% $13,279
VELOCIO MORTGAGE L.L.C. 93 4.56% $15,499
Bank of America 93 4.37% $7,414
STOCKTON MORTGAGE CORPORATION 89 5.03% $12,094
TOWNE MORTGAGE COMPANY 89 4.91% $12,471
M/I FINANCIAL, LLC 87 4.77% $13,602
AMERICAN PORTFOLIO MORTGAGE CORPORATION 86 5.08% $15,610
GERSHMAN INVESTMENT CORP. 86 5.23% $11,807
1ST FINANCIAL, INC. 85 5.45% $16,684
VYSTAR 84 4.94% $6,938
MILEND, INC. 83 5.31% $16,610
HOMESPIRE MORTGAGE CORPORATION 83 4.83% $12,625
Mortgage Research Center, LLC 81 5.17% $8,423
ROUNDPOINT MORTGAGE SERVICING CORPORATION 80 4.38% $11,636
First Guaranty Mortgage Corporation 80 3.83% $10,710
RELIANCE FIRST CAPITAL, LLC 78 4.60% $11,316
NATIONWIDE MORTGAGE BANKERS, INC. 78 5.25% $15,035
HOMESTAR FINANCIAL CORPORATION 76 5.13% $10,574
AmeriHome Mortgage Company, LLC 76 4.44% $10,560
BECKAM FUNDING CORP. 76 5.73% $19,240
Trustmark National Bank 75 4.70% $8,208
Truist 74 4.76% $9,169
PARK SQUARE HOME MORTGAGE, LLC 73 4.94% $9,715
BAY EQUITY LLC 73 5.12% $12,493
MORTGAGE EQUITY PARTNERS LLC 72 5.28% $14,279
MID AMERICA MORTGAGE, INC. 72 5.33% $7,148
ALLIED MORTGAGE GROUP, INC. 65 4.66% $13,474
NETWORK CAPITAL FUNDING CORPORATION 65 4.59% $12,062
Northpointe Bank 65 4.96% $11,395
CHURCHILL MORTGAGE CORPORATION 65 4.71% $11,739
Cornerstone First Mortgage, Inc 64 4.99% $13,975
LEADERONE FINANCIAL CORPORATION 62 5.24% $13,006
FIRST EQUITY MORTGAGE BANKERS, INC. 62 4.76% $15,225
ENVOY MORTGAGE, LTD 62 5.10% $10,884
Gateway First Bank 61 5.01% $9,644
AMERICAN MORTGAGE SERVICE COMPANY 59 4.92% $11,571
Wells Fargo Bank 59 5.10% $8,972
GSF Mortgage Corporation 59 5.17% $14,018
DAS Acquisition Company, LLC 59 5.29% $11,840
LADERA LENDING, INC. 59 4.84% $14,626
RESIDENTIAL BANCORP 58 4.79% $13,285
CALCON MUTUAL MORTGAGE LLC 58 4.71% $11,768
SHELTER MORTGAGE COMPANY, L.L.C. 57 4.08% $10,513
U.S. Bank 55 4.77% $10,209
MORTGAGE SOLUTIONS OF COLORADO, LLC 55 4.83% $16,226
DELMAR FINANCIAL COMPANY 55 4.84% $10,560
ZILLOW HOME LOANS, LLC 54 4.63% $11,041
The Federal Savings Bank 54 5.00% $14,677
Prosperity Home Mortgage, LLC 51 5.42% $10,719
First Horizon Bank 51 5.00% $12,602
INLANTA MORTGAGE, INC. 51 4.67% $10,909
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 49 5.09% $13,472
FIDELITY BANK 49 4.89% $10,511
PNC Bank 49 4.50% $8,069
CONTOUR MORTGAGE CORPORATION 49 4.86% $13,828
University Bank 49 6.24% $10,194
Summit Mortgage Corporation 49 4.97% $12,767
WATSON MORTGAGE CORP. 47 4.94% $10,253
Loan Simple, Inc. 46 5.60% $12,967
SOUTHPOINT FINANCIAL SERVICES, INC. 45 5.06% $13,590
LIBERTY HOME MORTGAGE CORPORATION 45 5.35% $12,507
NORTHPOINT MORTGAGE, INC. 44 5.26% $12,652
Goldwater Bank, N.A. 43 5.16% $11,904
Barrington Bank & Trust Company, N.A. 42 4.80% $10,836
AmRes Corporation 42 4.60% $13,432
MORIA DEVELOPMENT, INC. 41 4.94% $12,696
Capital City Home Loans, LLC 41 4.90% $9,045
Financial Freedom Mortgage, LLC 41 4.85% $11,892
CERTAINTY HOME LOANS, LLC 40 5.15% $10,103
M&T Bank 40 4.18% $9,556
First Home Bank 39 4.78% $11,563
NATIONS RELIABLE LENDING, LLC 39 5.12% $14,405
UNITED MORTGAGE CORP 38 4.88% $13,257
NTFN, INC. 38 4.64% $9,940
First Option Mortgage, LLC 37 4.93% $11,985
Town Square Mortgage & Investments, Inc. 37 5.01% $12,218
FIDELITY FUNDING MORTGAGE CORP. 37 5.10% $12,151
MORTGAGE 1 INCORPORATED 36 4.82% $13,020
PREMIER MORTGAGE RESOURCES, L.L.C. 36 5.81% $12,807
Advisors Mortgage Group, L.L.C. 36 5.06% $11,829
The Home Loan Expert LLC 36 5.25% $11,194
Bell Bank 35 4.66% $8,885
Renasant Bank 34 4.74% $9,609
MORTGAGE FINANCIAL GROUP, INC. 34 5.28% $10,805
TOTAL MORTGAGE SERVICES, LLC 34 5.32% $14,434
RESIDENTIAL HOME FUNDING CORP. 34 4.60% $15,354
Wyndham Capital Mortgage, Inc. 34 4.60% $8,580
United Fidelity Funding Corp. 33 5.28% $14,328
BAYSHORE MORTGAGE FUNDING, LLC 33 5.12% $12,445
FIRST COMMUNITY MORTGAGE, INC. 33 4.72% $10,719
NJ LENDERS CORP. 33 4.57% $11,347
T2 FINANCIAL LLC 32 4.91% $13,331
CAPITAL PARTNERS MORTGAGE, LLC 32 4.77% $13,199
Alcova Mortgage LLC 32 4.92% $10,646
FOUNDATION MORTGAGE CORPORATION 32 4.45% $15,381
HANCOCK MORTGAGE PARTNERS, LLC 31 4.83% $12,793
US MORTGAGE CORPORATION 31 5.04% $15,401
MLB RESIDENTIAL LENDING, LLC 30 4.68% $13,511
INTELLILOAN, INC. 29 4.72% $14,185
RADIUS FINANCIAL GROUP INC. 29 4.98% $11,924
DIRECT MORTGAGE LOANS, LLC 28 5.49% $13,257
OVM FINANCIAL, INC. 28 4.85% $9,766
TJC Mortgage, Inc. 28 4.55% $12,649
Evolve Bank & Trust 27 4.73% $13,017
RUOFF MORTGAGE COMPANY, INC. 27 4.72% $7,828
ANGEL OAK HOME LOANS LLC 26 4.50% $11,084
DG PINNACLE FUNDING LLC 26 5.17% $16,750
TD Bank 26 3.97% $8,750
PREFERRED LENDING SERVICES, LLC 26 5.48% $10,594
Strong Home Mortgage, LLC 25 4.33% $9,771
SOUTHEAST MORTGAGE OF GEORGIA, INC. 25 4.98% $11,718
FIRST ALLIANCE HOME MORTGAGE, LLC 25 5.34% $15,795
BANKING MORTGAGE SERVICES, B.M.S. CORP. 25 5.48% $16,536
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 25 5.14% $11,711
First Heritage Mortgage, LLC 25 5.40% $13,636
FIRST MORTGAGE COMPANY, INC. 25 4.82% $10,533
LOANLEADERS OF AMERICA, INC. 25 4.80% $17,557
CROSSFIRE FINANCIAL NETWORK, INC. 25 5.08% $16,632
Fifth Third Bank 24 5.00% $8,227
Eagle Bank and Trust Company 24 4.32% $10,701
J. VIRGIL, INC. 24 4.79% $12,671
PHH Mortgage Corporation 23 4.53% $10,521
FAIRWAY FUNDING GROUP, INC. 23 4.57% $11,672
Network Funding, L.P. 23 5.16% $12,565
ROYAL UNITED MORTGAGE LLC 22 4.71% $13,356
First Savings Bank 21 4.60% $13,921
GREAT WESTERN FINANCIAL SERVICES, INC. 20 5.24% $11,693
Tyndall Federal Credit Union 20 4.88% $8,707
Amerifirst Financial, Inc. 20 4.94% $11,007
NORWICH COMMERCIAL GROUP, INC. 20 5.23% $13,840
SOUTHWEST STAGE FUNDING, LLC 20 5.01% $9,722
Commerce Home Mortgage, Inc. 20 4.36% $11,641
BAY CAPITAL MORTGAGE CORPORATION 20 5.18% $10,041
HOMETRUST MORTGAGE COMPANY 20 4.43% $9,268
VERITAS FUNDING, LLC 20 5.14% $17,408
HOMESTEAD FUNDING CORP. 19 5.18% $10,598
CASTLE & COOKE MORTGAGE, LLC 19 4.86% $13,885
NEW DAY FINANCIAL, LLC 19 5.23% $8,444
Hancock Whitney Bank 18 4.51% $10,314
OCEANSIDE MORTGAGE COMPANY 18 4.05% $5,641
BETTER MORTGAGE CORPORATION 18 4.40% $11,568
GMFS LLC 18 4.15% $7,961
Seacoast National Bank 18 4.62% $10,055
Wolfe Financial, Inc 18 5.60% $10,910
KELLER MORTGAGE, LLC 17 5.20% $10,432
BancorpSouth 16 4.46% $8,572
TruHome Solutions, LLC 16 4.52% $10,873
SPACE COAST Credit Union 16 4.39% $9,271
Magnolia Bank 16 4.73% $12,714
1ST SIGNATURE LENDING, LLC 16 4.52% $10,683
Neighborhood Loans, Inc. 15 4.77% $12,136
CHAMPIONS MORTGAGE LLC 15 4.62% $11,242
Princeton Mortgage Corporation 15 3.96% $16,686
Peoples Bank 15 4.91% $14,904
NEAL COMMUNITIES FUNDING, LLC 15 4.94% $14,733
FLAT BRANCH MORTGAGE, INC. 14 4.46% $11,293
EQUITY RESOURCES, INC. 14 4.70% $9,504
THRIVE MORTGAGE, LLC 14 5.29% $11,167
FIRST CENTENNIAL MORTGAGE CORPORATION 13 5.07% $11,874
SOVEREIGN LENDING GROUP INCORPORATED 13 4.82% $15,455
ARC HOME LLC 13 5.06% $13,384
Preston Home Loans Inc 13 5.53% $9,880
POLARIS HOME FUNDING CORP. 13 4.54% $12,418
The First, A National Banking Association 13 4.02% $8,075
Total Media Management, LLC 13 4.43% $10,841
Paramount Bank 12 4.83% $10,584
AHL FUNDING 12 5.59% $18,816
CityWorth Mortgage LLC 12 4.70% $10,724
Texana Bank 12 4.28% $12,135
HALLMARK HOME MORTGAGE, LLC 12 5.09% $11,627
City National Bank of Florida 12 4.68% $12,109
GTE Federal Credit Union 12 4.67% $9,112
PENTAGON FEDERAL CREDIT UNION 12 4.65% $7,457
SOUTHWEST FUNDING, LP 11 4.95% $15,485
CRESCENT MORTGAGE COMPANY 11 5.31% $8,357
East Coast Capital Corp. 11 4.73% $15,610
JLB CORPORATION 11 4.43% $10,114
LEGEND LENDING CORPORATION 11 5.61% $9,830
MORTGAGE ONE OF THE SOUTH, INC. 11 3.73% $7,608
CHERRY CREEK MORTGAGE, LLC 11 5.24% $4,422
A&D Mortgage LLC 11 4.81% $18,162
AXIA FINANCIAL, LLC 11 4.10% $14,980
SOUTHERN TRUST MORTGAGE, LLC 11 4.61% $11,502
DRAPER AND KRAMER MORTGAGE CORP. 11 4.86% $11,939
AMERICAN ADVISORS GROUP 11 3.86% $10,251
HighTechLending Inc 10 5.16% $16,084
CANOPY MORTGAGE, LLC 10 4.05% $10,695
FirstBank 10 3.99% $10,252
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 10 5.30% $13,155
Progress Bank and Trust 10 4.60% $9,892
NORTHERN MORTGAGE SERVICES, LLC 9 5.75% $11,320
North American Savings Bank, F.S.B. 9 4.60% $9,099
ASPIRE FINANCIAL, INC. 9 4.14% $11,739
Acre Mortgage and Financial Inc 9 4.67% $13,916
NBKC BANK 9 4.67% $11,166
SHELTER HOME MORTGAGE, LLC 9 5.58% $13,915
HUNT MORTGAGE CORPORATION 9 4.75% $8,849
CITY FIRST MORTGAGE SERVICES, L.L.C. 9 4.63% $12,826
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 8 5.02% $18,711
MLD MORTGAGE INC. 8 4.88% $10,388
RESOURCE FINANCIAL SERVICES, INC. 8 5.19% $11,425
United Community Bank 8 5.19% $11,300
Raymond James Bank 8 5.06% $9,848
THE EQUITABLE MORTGAGE CORPORATION 8 4.89% $10,434
JMAC LENDING, INC. 8 3.97% $10,000
TIDEWATER MORTGAGE SERVICES, INC. 8 5.05% $13,411
FAY SERVICING, LLC 8 4.41% $8,135
COMPASS MORTGAGE, INC. 7 4.89% $12,073
LAKE MICHIGAN CREDIT UNION 7 5.29% $11,093
Austin Capital Bank SSB 7 5.04% $12,146
UNITED SECURITY FINANCIAL CORP 7 4.78% $14,391
CBM Mortgage, Inc. 7 5.23% $11,615
S1L, Inc. 7 4.84% $13,096
Florida Capital Bank 7 4.38% $11,651
FIRST HOME MORTGAGE CORPORATION 7 5.59% $14,054
DATA MORTGAGE, INC. 7 5.73% $12,869
Colonial Savings, F.A. 7 4.63% $8,808
ENDEAVOR CAPITAL, LLC. 7 5.89% $10,421
EUSTIS AND AMERICAN MORTGAGE COMPANY 6 4.77% $8,192
BANKERS MORTGAGE LENDING, INC. 6 5.56% $11,288
Pacific Lending LLC 6 6.00% $11,995
Midwest Mortgage Associates Corporation 6 4.23% $11,647
The Union Bank Company 6 4.88% $13,084
AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 6 4.85% $13,182
GUARANTY HOME MORTGAGE CORPORATION 6 5.35% $14,486
RESIDENTIAL HOME MORTGAGE CORPORATION 6 5.44% $13,750
Republic Bank & Trust Company 6 4.42% $12,584
Blue Ridge Bank 6 5.02% $9,817
RANLIFE, INC. 6 4.29% $10,184
JET DIRECT FUNDING CORP 6 5.54% $15,902
Premium Mortgage Corporation 5 6.48% $16,850
ALAMEDA MORTGAGE CORPORATION 5 5.30% $13,995
APEX HOME LOANS, INC. 5 4.33% $9,391
Armed Forces Bank 5 4.73% $10,599
Capital Bank 5 5.40% $10,877
COUNTRYPLACE MORTGAGE, LTD. 5 4.88% $16,918
CREDIT UNION MORTGAGE ASSOCIATION, INC. 5 4.70% $8,729
DIRECT MORTGAGE, CORP. 5 4.25% $12,290
FIDELITY DIRECT MORTGAGE, LLC 5 5.90% $15,391
First Internet Bank of Indiana 5 4.20% $11,457
INLAND BANK & TRUST 5 5.05% $12,361
MCLEAN MORTGAGE CORPORATION 5 4.53% $11,906
MORTGAGE INVESTORS GROUP, INC. 5 4.25% $11,629
PREMIER LENDING, INC. 5 4.68% $9,204
RAPID MORTGAGE COMPANY 5 6.35% $14,003
Residential Mortgage Solutions, Inc. 5 3.93% $12,551
Shea Mortgage Inc. 5 5.05% $10,855
Victorian Finance, LLC 4 5.66% $12,537
Sunflower Bank 4 5.91% $10,082
CIS Financial Services, Inc. 4 5.47% $9,903
The Central Trust Bank 4 3.78% $9,832
Atlantic Coast Mortgage, LLC 4 5.16% $14,970
GVC MORTGAGE, INC. 4 5.91% $14,705
BEST CAPITAL FUNDING 4 4.41% $12,503
BRIDGEVIEW MORTGAGE CORP. 4 5.19% $15,006
FIRST EQUITY MORTGAGE INCORPORATED 4 4.63% $13,353
SmartBank 4 4.66% $10,066
INTERSTATE HOME LOAN CENTER, INC. 4 4.13% $13,687
INTERLINC MORTGAGE SERVICES, LLC 4 5.03% $8,895
KeyBank 4 4.28% $13,728
Mid-Continent Funding, Inc. 4 4.84% $10,869
Shamrock Home Loans, Inc. 4 5.31% $13,000
ServisFirst Bank 4 4.00% $8,280
Credence Funding Corporation 4 4.13% $10,870
CORNERSTONE HOME LENDING, INC. 4 5.25% $13,150
Semper Home Loans, Inc. 4 5.41% $10,909
SeaTrust Mortgage Company 4 5.31% $10,184
NEXERA HOLDING LLC 4 4.28% $8,615
NOVA FINANCIAL & INVESTMENT CORPORATION 4 4.63% $7,434
American Mortgage & Equity Consultants, Inc. 4 5.40% $12,711
Arvest Bank 4 4.75% $11,273
Assurance Financial Group, L.L.C. 4 5.00% $12,257
Allied First Bank,sb 3 5.17% $9,153
Integrity Home Mortgage Corp 3 5.33% $11,818
MEMBER FIRST MORTGAGE, LLC 3 3.54% $12,421
EQUITY NOW INC. 3 4.50% $15,747
DIRECT LENDERS, LLC 3 5.67% $7,920
DIRECTIONS EQUITY, LLC 3 6.38% $11,276
Citibank 3 4.67% $18,733
Mutual Federal Bank 3 5.71% $13,068
BOND STREET MORTGAGE, LLC 3 3.79% $14,553
UNITED NORTHERN MORTGAGE BANKERS LIMITED 3 5.38% $16,712
LOANFLIGHT LENDING, LLC 3 4.50% $9,012
BNC National Bank 3 4.46% $10,414
ROSS MORTGAGE CORPORATION 3 5.33% $5,621
GREENTREE MORTGAGE COMPANY, L.P. 3 5.29% $15,919
Valley National Bank 3 6.83% $11,605
BANKSOUTH MORTGAGE COMPANY, LLC 3 3.92% $14,465
BANK OF LITTLE ROCK MORTGAGE CORPORATION 3 3.71% $10,318
PREMIA MORTGAGE, LLC 3 4.17% $8,364
Willamette Valley Bank 3 4.25% $10,727
OAKTREE FUNDING CORP. 3 4.75% $20,331
Meridian Bank Corporation 3 5.58% $11,439
ON Q FINANCIAL, INC. 3 4.88% $12,700
Quaint Oak Mortgage, LLC 3 3.96% $8,291
JAMES B. NUTTER & COMPANY 3 5.00% $8,081
STEARNS LENDING, LLC 3 3.08% $5,004
First Bank 3 4.29% $11,465
CITYWIDE HOME LOANS, LLC 2 5.94% $11,532
V.I.P. MORTGAGE, INC. 2 3.87% $10,582
VISION ONE MORTGAGE, INC. 2 5.00% $9,362
Towne Bank 2 5.69% $8,999
Watermark Capital, Inc. 2 6.31% $8,153
CLEARPATH LENDING 2 3.25% $9,250
SUMMIT FUNDING, INC. 2 4.19% $9,614
AMERICAN FEDERAL MORTGAGE CORPORATION 2 4.56% $10,021
IMPAC MORTGAGE CORP. 2 5.25% $16,698
Mortgage Assurance Inc. 2 3.94% $9,098
Colten Mortgage, LLC 2 4.88% $11,128
NATION ONE MORTGAGE CORPORATION 2 4.31% $13,701
FEDERATED MORTGAGE CORP. 2 4.31% $10,081
Community Bank of Mississippi 2 5.50% $10,802
1ST 2ND MORTGAGE COMPANY OF N.J., INC. 2 4.63% $11,499
Congressional Bank 2 4.81% $11,943
HOMEXPRESS MORTGAGE CORP. 2 4.50% $12,382
THE MORTGAGE LINK, INC. 2 5.56% $12,987
1ST PREFERENCE MORTGAGE CORP. 2 4.38% $10,219
LENDING CAPITAL GROUP Inc 2 4.25% $21,152
LENDING 3, INC. 2 7.06% $10,148
DEVELOPER'S MORTGAGE COMPANY 2 4.25% $8,328
PACIFIC RESIDENTIAL MORTGAGE, LLC 2 3.88% $12,252
Simmons Bank 2 5.00% $10,211
SIRVA MORTGAGE, INC. 2 4.56% $12,052
The Huntington National Bank 2 4.75% $9,468
GREENWAY MORTGAGE FUNDING CORP. 2 5.38% $13,000
DSLD MORTGAGE, LLC 2 4.25% $7,390
Quontic Bank 2 4.38% $16,641
First United Bank and Trust Company 2 6.63% $11,102
First State Bank of St. Charles, Missouri 2 3.13% $10,459
UNIVERSAL MORTGAGE & FINANCE, INC. 2 4.94% $16,542
TBI MORTGAGE COMPANY 2 4.00% $16,676
Bethpage Federal Credit Union 2 4.25% $4,421
First PREMIER Bank 2 5.56% $9,795
BEST FINANCE CAPITAL, INC. 2 5.00% $12,900
Midwest Community Bank 2 4.25% $10,125
MYCUMORTGAGE, LLC 2 4.25% $7,578
INTERCAP LENDING INC. 2 5.88% $12,463
First Mortgage Solutions, LLC 2 3.88% $10,162
Vellum Mortgage, Inc. 2 5.50% $15,387
GoPrime Mortgage, Inc. 2 5.50% $14,690
HARBORONE MORTGAGE, LLC 2 4.88% $13,055
ML Mortgage Corp. 2 4.88% $18,481
NBH Bank 1 7.25% $11,112
NASA Federal Credit Union 1 3.88% $8,630
Old National Bank 1 3.88% $7,731
MORTGAGE MANAGEMENT CONSULTANTS, INC. 1 4.38% $9,750
Pacor Mortgage Corp 1 7.63% $9,987
MORTGAGE FINANCIAL SERVICES, LLC 1 4.50% $8,556
MJW Financial LLC 1 6.75% $11,086
MID-ISLAND MORTGAGE CORP. 1 2.75% $16,447
PERFORMANCE MORTGAGE LLC 1 4.62% $18,291
PINNACLE LENDING GROUP, INC. 1 3.75% $12,510
PINNACLE MORTGAGE, INC. 1 3.00% $9,349
MEGASTAR FINANCIAL CORP. 1 3.50% $9,952
MDE Home Loans, LLC 1 5.00% $13,270
MASON MCDUFFIE MORTGAGE CORPORATION 1 5.25% $10,068
Low VA Rates, LLC 1 6.75% $12,401
LHM FINANCIAL CORPORATION 1 4.50% $7,097
Prime Choice Funding Inc. 1 4.25% $10,747
Key Mortgage Services, Inc. 1 5.25% $7,169
KEESLER 1 5.25% $9,825
JMJ FINANCIAL GROUP 1 5.63% $18,191
JERSEY MORTGAGE COMPANY OF NEW JERSEY, INC. 1 5.88% $18,170
Independent Bank 1 6.13% $15,405
Home Loan Investment Bank, F.S.B. 1 3.25% $18,780
Republic State Mortgage Co. 1 4.50% $7,957
Heritage Bank 1 5.00% $13,672
Alerus Financial 1 3.75% $9,911
Ross Mortgage Company, Inc. 1 3.13% $10,599
George Mason Mortgage, LLC 1 3.99% $12,912
GEO-CORP, INC. 1 5.75% $12,574
GENNEXT FUNDING, LLC 1 3.63% $8,288
Franklin Loan Corporation 1 5.13% $14,631
FM Home Loans, LLC 1 4.75% $10,635
FIRST WORLD MORTGAGE CORPORATION 1 6.13% $17,310
Shore United Bank 1 4.63% $15,150
First Western Trust Bank 1 3.00% $12,300
SIWELL, INC. 1 3.75% $5,426
Somerville Bank 1 5.50% $9,177
FIRST SAVINGS MORTGAGE CORPORATION 1 5.00% $8,923
First Palmetto Bank 1 3.63% $9,803
First National Bank Texas 1 5.75% $12,203
FIRST HERITAGE FINANCIAL, LLC 1 5.75% $14,727
First-Citizens Bank & Trust Company 1 6.50% $12,110
FIRSTBANK PUERTO RICO 1 4.75% $12,451
Financial Funding Solutions, Inc. 1 4.75% $12,783
Fidelity Bank 1 4.63% $4,470
Fidelity Bank 1 3.75% $8,429
FAIR WAY LENDING LLC 1 3.25% $5,362
EVANSVILLE TEACHERS 1 6.63% $12,407
Envision Bank 1 5.63% $7,458
THE MORTGAGE WAREHOUSE,LLC 1 3.50% $10,724
CLIFFCO, INC. 1 6.25% $16,356
City Bank 1 5.13% $13,549
Chickasaw Community Bank 1 4.38% $5,345
Chicago Financial Services, Inc. 1 5.75% $9,176
Centier Bank 1 7.13% $8,474
Union Savings Bank 1 3.25% $9,150
CapStar Bank 1 6.00% $8,890
BOKF 1 3.00% $8,107
BLUELEAF LENDING, LLC 1 3.50% $11,077
Univest Bank and Trust Co. 1 4.63% $7,594
Axos Bank 1 6.00% $13,163
American Midwest Mortgage Corporation 1 3.75% $8,405
WesBanco 1 4.75% $12,258
NEW FED MORTGAGE, CORP. 1 4.75% $8,371

The top Florida FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 7,283 FHA loans originated. Their average total fees are $12,521, which is $895 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Florida FHA lenders (with over 10 loans originated) are CHERRY CREEK MORTGAGE, LLC ($4,422), OCEANSIDE MORTGAGE COMPANY ($5,641), VYSTAR ($6,938), MID AMERICA MORTGAGE, INC. ($7,148) and Lakeview Community Capital, LLC ($7,250).

The lowest rate Florida FHA lenders (with over 10 loans originated) are MORTGAGE ONE OF THE SOUTH, INC. (3.73%), VILLAGE CAPITAL MORTGAGE (3.80%), First Guaranty Mortgage Corporation (3.83%), Lakeview Community Capital, LLC (3.84%) and AMERICAN ADVISORS GROUP (3.86%).

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).