See exactly how much you need down for an FHA loan in Florida — as little as 3.5%. Adjust the price and percentage to plan your purchase.
Slide to see your FHA down payment.
Estimates only. Uses 1.75% upfront MIP (financed), 0.55% annual MIP, ~1% property tax and ~0.6% insurance. Actual figures vary by lender, county, and your profile. Not a loan offer.
FHA loans are popular with Florida buyers because the minimum down payment is just 3.5% of the purchase price for borrowers with a credit score of 580 or higher. On a $350,000 home, that's $12,250 down — far less than the 20% many people assume they need.
If your credit score is between 500 and 579, FHA still allows a loan but requires 10% down. Below 500, FHA financing generally isn't available. Use the slider above to see your down payment at any price and percentage.
FHA permits 100% of your down payment to come from a documented gift from family, an employer, or an approved source — so you may not need to save the full amount yourself. Florida also offers down payment assistance programs that can cover part or all of it.
The FHA minimum is 3.5% of the purchase price if your credit score is 580 or higher. With a score of 500–579, the minimum is 10% down.
Yes. FHA allows your entire down payment to come from gift funds from family or other approved sources, as long as it's properly documented with a gift letter and paper trail.
No. The down payment is separate from closing costs. Closing costs typically run about 2%–5% of the loan amount, though they can sometimes be covered by seller concessions or lender credits.
Get a free FHA pre-approval and an exact down payment figure from a Florida FHA specialist.
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