For many people, the path to homeownership is made easier through brokers like the FHA mortgage in Florida. These government-backed loans offer flexible credit guidelines, low down payments, and broader eligibility—making them an ideal choice for first-time buyers, moderate-income households, and those with limited savings.

What Is an FHA Mortgage?

An FHA mortgage is a home loan insured by the Federal Housing Administration and issued by approved private lenders. The program is designed to expand access to homeownership by reducing lender risk and allowing borrowers with lower credit scores or smaller down payments to qualify.

Benefits of an FHA Mortgage in Florida

• Low Down Payment: Just 3.5% down for credit scores of 580 or higher. Borrowers with scores between 500–579 may still qualify with a 10% down payment.
• Flexible Credit Guidelines: FHA underwriting allows for past credit issues and limited credit history.
• Competitive Interest Rates: FHA rates are often favorable, especially for borrowers without top-tier credit.
• Assumable Loans: FHA mortgages can be assumed by qualified future buyers—an advantage in rising rate environments.
• Available Statewide: FHA loans are available in all 67 Florida counties and can be used for single-family homes, townhouses, approved condos, and certain multi-family properties (up to 4 units, with the borrower occupying one).

FHA Loan Limits in Florida (2025)

As an example, FHA loan limits vary by county and are adjusted annually to reflect local home prices:

• Most Florida counties: $524,225 (single-family)
• High-cost counties like Miami-Dade, Broward, and Palm Beach: $654,350
• Exceptionally high-cost counties like Monroe: up to $967,150

It’s important to check your county’s limit when planning your home search.

100% Financing Options: Boost and HomeZero Programs

Although FHA loans require a minimum down payment, some lenders offer 100% financing options that pair the FHA first mortgage with down payment and closing cost assistance. A common example in Florida include:

HomeZero Program

• Offers true zero down payment FHA financing with closing cost assistance with a repayable or forgivable second mortgage to cover the 3.5% FHA down payment
• While it has no income limits, it targets buyers with moderate incomes and stable credit. A mim num 580 FICO score is required
• Enables FHA-qualified borrowers to purchase a home without any upfront cash

These programs are especially useful for qualified buyers who have the income to support monthly payments but lack the savings for upfront costs. They typically involve an FHA first mortgage combined with a second lien, grant, or soft second that satisfies the minimum down payment and/or closing cost requirements.

FHA Mortgage Insurance Requirements

All FHA loans include two types of mortgage insurance:

• Upfront Mortgage Insurance Premium (UFMIP) of 1.75% of the loan amount, which can be financed into the mortgage
• Monthly Mortgage Insurance Premium (MIP), paid as part of the monthly mortgage payment

In most cases, MIP remains in place for the life of the loan unless the borrower refinances into a conventional loan later.

FHA vs. Conventional: Quick Comparison

Final Thoughts

An FHA mortgage in Florida remains one of the most accessible and flexible loan options available in 2025. With loan limits ranging from $524,225 to $654,350 (or higher in certain counties), FHA financing makes homeownership possible for a wide range of buyers across the state.

For those concerned about upfront costs, programs like Boost and HomeZero provide a path to 100% financing, eliminating the barrier of a down payment and opening the door to homeownership with minimal out-of-pocket expenses.