Florida conventional loan limits 2026.
FHFA sets conforming loan limits annually. In 2026, the baseline limit is $806,500 across all Florida counties. Loans above this threshold require jumbo financing.
Conforming, FHA, and VA limits by county.
Florida does not have high-cost areas designated by FHFA, so all counties share the baseline conforming limit. Loans above $806,500 require jumbo financing, which has different underwriting standards and typically requires 20% down.
| County | Conforming (Conv) | FHA Limit | VA Limit |
|---|---|---|---|
| Palm Beach County | $806,500 | $524,225 | No limit |
| Broward County | $806,500 | $524,225 | No limit |
| Miami-Dade County | $806,500 | $524,225 | No limit |
| St. Lucie County | $806,500 | $524,225 | No limit |
| Highlands County | $806,500 | $524,225 | No limit |
Limits are for 1-unit properties. 2–4 unit properties have higher limits. FHA and conforming limits are set annually by HUD and FHFA respectively.
Conforming vs Jumbo: What Changes
Conforming loans (≤$806,500) are bought by Fannie Mae and Freddie Mac. They're subject to standard underwriting guidelines and typically have lower rates than jumbo loans. Above $806,500, you enter the jumbo market. Portfolio products with stricter requirements.
Conventional Loan Requirements (Conforming)
620+ credit score for most lenders. Down payment as low as 3% for first-time buyers (Fannie Mae HomeReady, Freddie Mac Home Possible). 20% down eliminates PMI. DTI up to 50% with AUS approval.
2–4 Unit Loan Limits
2-unit: $1,032,650. 3-unit: $1,248,150. 4-unit: $1,551,250 (all FL counties). This makes house-hacking with a conventional loan possible at a much higher purchase price.
FHA Limit vs Conforming Gap
FHA loans cap at $524,225, $282,275 below the conforming limit. For homes priced $524K–$806K, borrowers with less than 20% down must use Conventional, not FHA. Conventional 5% down is available in this range.
VA Has No Limit (Full Entitlement)
Veterans with full entitlement have no VA loan limit. They can purchase any amount with $0 down (subject to lender overlays). The old VA county limit was eliminated in 2020. Bonus entitlement applies to borrowers with prior VA loans.
Exceeding the Conforming Limit: Jumbo Options
We offer jumbo loans from $806,501 to $3M+ for qualified borrowers. Typically requires 20% down, 700+ credit score, and 6–12 months reserves. Some products allow 10% down with 720+ score.
Equal Housing Lender. Loan limits are set annually by FHFA and HUD and subject to change. Not a commitment to lend. All loans subject to credit approval. NMLS# 1859012. Licensed in Florida.
Frequently asked questions about Florida conventional loan limits.
Why does Florida not have high-cost loan limits like California?
FHFA designates high-cost areas based on local median home prices relative to the national baseline. Florida's median prices, while elevated in South Florida, do not trigger the high-cost threshold across any county. California, Hawaii, and parts of New York have counties where median prices are high enough to receive elevated conforming limits. Florida buyers in high-price markets like Palm Beach Island must use jumbo financing above $806,500.
What loan options are available for homes priced between $524,225 and $806,500?
Buyers in this price band cannot use FHA financing. FHA caps at $524,225 in Florida counties. Conventional financing is the right product here. You can put as little as 5% down with a 620+ credit score. PMI is required until you reach 20% equity. For first-time buyers, Fannie Mae HomeReady and Freddie Mac Home Possible allow 3% down within this range with qualifying income limits.
What happens if my purchase price is $810,000 — just above the conforming limit?
You enter the jumbo market. However, a piggyback loan strategy may be worth running. A first mortgage at $806,500 plus a second mortgage covering the remainder can sometimes produce a better combined rate than a single jumbo loan. This works best when the price is only marginally above the conforming limit. We run this comparison for every purchase in the $806K–$900K range.
Do multi-family properties have higher loan limits?
Yes. The conforming limits increase significantly for 2–4 unit properties. A 2-unit property in Florida has a conforming limit of $1,032,650. A 3-unit property goes to $1,248,150. A 4-unit property reaches $1,551,250. These higher limits make it possible to house-hack a duplex, triplex, or fourplex with a conventional loan and as little as 5% down as a first-time buyer.
When do FHFA conforming loan limits change?
FHFA announces updated limits each November for the following calendar year. The limit adjusts based on changes in the FHFA House Price Index. In 2026, the baseline is $806,500. If home prices rise nationally, the 2027 limit will be higher. If home prices decline, the limit can decrease. Limits are published at fhfa.gov. Our team monitors changes and applies the new limits immediately when announced.
Find the right loan for your purchase price.
Conforming, FHA, VA, jumbo. Our mortgage team matches you to the right product within 24 hours.
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