What Is the FHA Loan Limit in Florida?

The Federal Housing Administration (FHA) offers government-backed mortgage options to make homeownership more accessible. These loans assist borrowers who might not qualify for conventional mortgages due to stricter credit or down payment requirements. FHA loans have specific limits on the maximum amount that can be borrowed.

Understanding FHA Loan Limits

FHA loan limits represent the maximum principal amount an FHA-insured mortgage can be for a property. These limits are set by the Federal Housing Administration, which operates under the U.S. Department of Housing and Urban Development (HUD). The FHA sets these limits to ensure the program primarily serves moderate-income borrowers and focuses on affordable housing. Limits vary based on the property’s location and its type, such as a single-family home or a multi-unit dwelling. They are reviewed and updated annually to reflect changes in housing costs across the country.

Factors Influencing Florida’s FHA Loan Limits

FHA loan limits are not uniform across Florida; instead, they are determined at the county level. HUD calculates these limits annually, primarily basing them on the median home prices in a given area. The limits are typically set at a percentage of the median home price for a specific county, subject to national floor and ceiling values.

This methodology results in different limits for “high-cost” and “low-cost” areas within Florida. If a county’s median home price exceeds a certain threshold relative to the national floor, its FHA loan limit is adjusted upward. Additionally, the limits vary based on the number of units in a property, with higher limits for 2-unit, 3-unit, and 4-unit properties compared to single-unit homes. For example, in 2025, single-family FHA loan limits in Florida range from $524,225 in most counties to as high as $967,150 in some areas like Monroe County, reflecting these regional cost differences.

Finding Current FHA Loan Limits for Florida Properties

To determine the precise FHA loan limits for a specific property in Florida, individuals should utilize the official HUD website’s loan limit search tool. This tool provides the most current and accurate information directly from the Federal Housing Administration.

To use the tool, users typically navigate to the FHA Mortgage Limits page on HUD.gov. On this page, they will be prompted to select their state, in this case, “Florida,” from a dropdown menu. Following the state selection, users can then input or select their specific county from a subsequent list. The tool usually requires specifying the “Limit Type” as “FHA Forward” and ensuring the correct calendar year is chosen for the limits.

After submitting the information, the results page displays the FHA loan limits for the selected county. This typically includes distinct limits for 1-unit, 2-unit, 3-unit, and 4-unit properties. Checking this official source is important because FHA loan limits are subject to annual adjustments to keep pace with housing market changes and median home prices.

Borrower Considerations for FHA Loan Limits

Understanding FHA loan limits is important for potential borrowers in Florida, as these limits directly impact purchasing power. The FHA loan limit represents the maximum amount that can be financed with an FHA loan in a particular area for a specific property type. It is important to remember this limit is the maximum insurable loan amount, not necessarily the home’s appraised value or purchase price.

If a desired home’s price exceeds the FHA loan limit for that county and property type, the borrower would need to cover the difference. This typically requires a larger down payment to bring the financed amount within the FHA limit. Alternatively, if the gap is too significant, exploring other financing options, such as conventional loans, may become necessary. Knowing these limits in advance helps borrowers narrow down suitable properties and align their home search with available financing options.