2021 FHA Loan

Lending limits and requirements for Florida FHA Loans

Down Payment Minimum

Minimum down payment amount is 3.5%. All or part of the down payment may be a gift.

Mortgage Insurance Premiums

There are two insurances that are required for FHA loans.
1) FHA charges an upfront mortgage insurance Premium of 1.75% of the loan amount. This is financed in the final loan amount.
2) There is also a monthly insurance premium of .0085 of the loan amount divided by 12.
Mortgage insurance is always required with FHA loan.

Seller Contribution Limits

Seller may pay up to 6% of the buyer's closing costs.

Qualifying Ratios

Front-end (housing) ratio may be as low as 29% or as high as 45% in some cases.
Back-end (debt-to-income) ratio may be as low as 41% and as high as 57% in some cases.

Income Limits

Please contact us to obtain the correct income limits that apply to your specific situation

Maximum Loan Amounts (per county)