Florida FHA loan requirements. 3.5% down.
FHA loans are the most popular low-down-payment program for Florida first-time buyers. 580+ credit score, 3.5% down, and flexible debt-to-income ratios. Apply through Mortgage Capital today.
Lower barriers to homeownership. FHA makes it possible.
FHA loans are government-backed mortgages insured by the Federal Housing Administration. Because the government insures the lender against default, lenders can offer more flexible qualifying criteria — lower credit scores, smaller down payments, and higher DTI ratios than conventional loans. For Florida buyers with limited savings or less-than-perfect credit, FHA is often the fastest path to homeownership.
Lower credit score requirements than conventional loans
3.5% down payment — gifts from family are allowed
More flexible DTI ratios than conventional
Can use co-borrowers to qualify
Assumable mortgage — buyer can take over your FHA loan later
Mortgage insurance is required for the life of the loan (if down < 10%)
Loan limits cap your purchase price in most South Florida markets
Property must meet FHA minimum property standards (MPR)
Cannot be used for investment properties or second homes
Sellers sometimes prefer conventional offers in competitive markets
Get your FHA pre-approval today.
Mortgage Capital is your FHA lender. Fast approvals, competitive rates, same-day response. Equal Housing Lender. Not a commitment to lend. All loans subject to credit approval.