Wondering if you qualify? FHA loans in Florida need just a 580 credit score, 3.5% down, and steady income. Here's everything you need to meet the requirements and get approved.
An FHA mortgage specialist will reach out shortly with your personalized Florida rate quote.
FHA loans have more flexible guidelines than most conventional mortgages, which is why they're so popular with first-time buyers in Florida. Here are the core requirements you'll need to meet.
Every FHA loan in Florida includes mortgage insurance. There's a one-time upfront premium of 1.75% of the loan amount (usually financed into the loan) plus an annual premium of about 0.55% paid monthly.
If you put down less than 10%, the annual premium stays for the life of the loan. With 10% or more down, it drops off after 11 years. Many Florida homeowners later refinance into a conventional loan once they reach 20% equity to remove mortgage insurance.
Be ready with recent pay stubs, two years of W-2s or tax returns, two months of bank statements, photo ID, and details on any other debts. Having these ready helps us move from application to pre-approval quickly.
Get a fast, free eligibility review from a Florida FHA specialist — no obligation and no impact to your credit for a quote.
Get Pre-Approved Now