FHA loans in Palm Bay, Florida

FHA loans in Palm Bay, Florida

Palm Bay is Brevard County's largest city and one of the Space Coast's most affordable, with abundant new construction and easy access to the region's growing aerospace and defense employers. That mix of low prices and new homes makes it a standout FHA market — the statewide loan limit comfortably covers local homes, and 3.5% down opens the door for first-time buyers and Space Coast workers.

What the FHA limit means in Palm Bay

With the 2026 FHA limit of $541,287 and FHA's 3.5% minimum down, you can finance a Palm Bay home priced up to roughly $560,000 (your loan covers the price minus your down payment). In Palm Bay's affordable market, that covers the vast majority of homes, including many new builds. A few Florida counties are set higher, so confirm Brevard County's exact figure with HUD.

Down payment help for Palm Bay buyers

You don't have to cover the down payment alone. FHA allows gift funds, sellers can contribute up to 6% toward closing costs, and Palm Bay buyers can often pair FHA with assistance from the Florida Housing Finance Corporation and Brevard County's local SHIP-funded programs. Funding and eligibility change frequently, so we'll help you confirm what's currently available — see our FHA down payment assistance guide.

Neighborhoods we serve in Palm Bay

We help buyers throughout Palm Bay and Brevard County, including Bayside Lakes, Port Malabar, and the surrounding Space Coast communities. Wherever you're looking, we'll explain your FHA loan limit, rate, and monthly payment — and get you pre-approved fast.