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2021 FHA Loan Limits in Florida

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The federal government has set the maximum amount a Floridian homebuyer can borrow with an FHA loan between $356,362 and $608,350 for a single-family home, depending on which county the property is located in. The lower number applies to a range of regions, from the Panhandle cities of Pensacola and Panama City to centrally-located Orlando and Tampa. Folks in Miami may be able to qualify for $400,000 or more, while those in Key West are eligible for $608,350.

Dreaming about buying a house in Florida? This may be the perfect time to make the leap. And thanks to the Federal Housing Administration (FHA), some Floridians can qualify for federally backed loans to help get them into a new house. This year, residents will be able to borrow even more with an FHA loan in some areas to make their homebuying dreams come true.

Florida FHA loan limits by county

FHA Loan Limits in Florida
County Name One-Family Two-Family Three-Family Four-Family Median Sale Price
Alachua $356,362 $456,275 $551,500 $685,400 $214,000
Baker $388,700 $497,600 $601,500 $747,500 $338,000
Bay $356,362 $456,275 $551,500 $685,400 $205,000
Brevard $356,362 $456,275 $551,500 $685,400 $229,000
Calhoun $356,362 $456,275 $551,500 $685,400 $54,000
Citrus $356,362 $456,275 $551,500 $685,400 $140,000
Clay $388,700 $497,600 $601,500 $747,500 $338,000
Collier $460,000 $588,850 $711,800 $884,600 $400,000
Desoto $356,362 $456,275 $551,500 $685,400 $115,000
Dixie $356,362 $456,275 $551,500 $685,400 $68,000
Duval $388,700 $497,600 $601,500 $747,500 $338,000
Escambia $356,362 $456,275 $551,500 $685,400 $230,000
Flagler $356,362 $456,275 $551,500 $685,400 $236,000
Franklin $356,362 $456,275 $551,500 $685,400 $150,000
Gadsden $356,362 $456,275 $551,500 $685,400 $196,000
Gilchrist $356,362 $456,275 $551,500 $685,400 $214,000
Glades $356,362 $456,275 $551,500 $685,400 $67,000
Gulf $356,362 $456,275 $551,500 $685,400 $150,000
Hamilton $356,362 $456,275 $551,500 $685,400 $70,000
Hardee $356,362 $456,275 $551,500 $685,400 $70,000
Hernando $356,362 $456,275 $551,500 $685,400 $260,000
Highlands $356,362 $456,275 $551,500 $685,400 $135,000
Hillsborough $356,362 $456,275 $551,500 $685,400 $260,000
Holmes $356,362 $456,275 $551,500 $685,400 $72,000
Indian River $356,362 $456,275 $551,500 $685,400 $243,000
Jefferson $356,362 $456,275 $551,500 $685,400 $196,000
Lake $356,362 $456,275 $551,500 $685,400 $299,000
Lee $356,362 $456,275 $551,500 $685,400 $241,000
Leon $356,362 $456,275 $551,500 $685,400 $196,000
Levy $356,362 $456,275 $551,500 $685,400 $214,000
Liberty $356,362 $456,275 $551,500 $685,400 $59,000
Madison $356,362 $456,275 $551,500 $685,400 $68,000
Manatee $356,362 $456,275 $551,500 $685,400 $308,000
Marion $356,362 $456,275 $551,500 $685,400 $162,000
Miami-Dade $402,500 $515,250 $622,850 $774,050 $350,000
Monroe $608,350 $778,800 $941,400 $1,169,900 $529,000
Nassau $388,700 $497,600 $601,500 $747,500 $338,000
Okaloosa $441,600 $565,300 $683,350 $849,250 $384,000
Okeechobee $356,362 $456,275 $551,500 $685,400 $92,000
Osceola $356,362 $456,275 $551,500 $685,400 $299,000
Palm Beach $402,500 $515,250 $622,850 $774,050 $350,000
Polk $356,362 $456,275 $551,500 $685,400 $206,000
Putnam $356,362 $456,275 $551,500 $685,400 $75,000
Santa Rosa $356,362 $456,275 $551,500 $685,400 $230,000
Sarasota $356,362 $456,275 $551,500 $685,400 $308,000
Seminole $356,362 $456,275 $551,500 $685,400 $299,000
St. Johns $388,700 $497,600 $601,500 $747,500 $338,000
Suwannee $356,362 $456,275 $551,500 $685,400 $80,000
Volusia $356,362 $456,275 $551,500 $685,400 $236,000
Wakulla $356,362 $456,275 $551,500 $685,400 $196,000

How are FHA loan limits determined?

The U.S. Department of Housing and Urban Development (HUD) sets limits on how expensive a house the FHA will insure in each county in the United States. These limits are set based on the current year’s conforming loan limit — or how large of a mortgage Fannie Mae and Freddie Mac will purchase. In 2021, that conforming limit is $548,250, up roughly $38,000 from 2020’s limit of $510,400.

The FHA “floor” is the largest mortgage the agency will issue in most of the country and is 65% of the conforming loan limit. In 2021, the FHA floor is set at $356,362, an increase of about $24,600 above the 2020 limit of $331,760.

The FHA “ceiling” is a higher limit that only applies to high-cost areas. This is set at 150% of the conforming loan limit, or $822,375 for single-family homes. With a few exceptions, this is generally the largest mortgage amount the agency will insure for a single-family home. In many parts of the country, loan limits fall somewhere between the FHA floor and ceiling.

Outside of the lower 48 states, FHA maximum loan limits are higher because of more expensive construction costs. These include the special exception areas of Alaska, Hawaii, Guam and the U.S. Virgin Islands.

Here are the 2021 standard FHA limits for all property types:

  • One-unit: $356,362
  • Two-unit: $456,275
  • Three-unit: $551,500
  • Four-unit: $685,400

Here are the 2021 standard FHA limits for high-cost areas:

  • One-unit: $822,375
  • Two-unit: $1,053,000
  • Three-unit: $1,272,750
  • Four-unit: $1,581,750

Do you qualify for an FHA loan in Florida?

FHA loans are a great deal for qualified buyers, thanks to lower down payments and closing costs. Find out if your credit score and income will help you qualify for one of these loans.

 

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