Treasure Coast home loans
FHA Loans in Florida
FHA at a Glance
3.5%
down with a 580+ credit score
10%
down with a 500 to 579 credit score
6%
Sellers can pay up to 6% toward your closing costs
Gift
Down payment can be a gift from family
2026 FHA Loan Limits on the Treasure Coast
| County | Single-family limit |
|---|---|
| St. Lucie County | $603,750 |
| Martin County | $603,750 |
| Indian River County | $541,287 |
FHA Mortgage Insurance (MIP), Simply Explained
Upfront MIP
1.75% of the loan amount, usually rolled into the loan.
Annual MIP
Paid monthly. For most buyers it's about 0.55% of the loan per year.
How long it lasts
Put less than 10% down and MIP stays for the life of the loan. Many buyers refinance later to drop it.
Things to Know in Florida
Condos need FHA approval
Condos must be on the FHA-approved list. Many Florida condos aren't, so check before you fall in love with one.
FHA appraisal
The home must pass an FHA appraisal, which looks at safety and condition.
Pairs with assistance
FHA can be combined with Florida down payment assistance, including Hometown Heroes and local SHIP programs.
FHA vs. Conventional
| Topic | FHA | Conventional |
|---|---|---|
| Down payment | 3.5% | 3% to 5%+ |
| Credit | More flexible | Usually 620+ |
| Mortgage insurance | Often for life | PMI removable at 20% equity |
| Best for | Lower credit scores or higher debt | Stronger credit |
Compare more loan types on our Financing Options page, or see this week's mortgage rates.
FHA Loan FAQs
What credit score do I need for an FHA loan in Florida?
580 for 3.5% down. Some lenders go lower with 10% down.
What's the FHA loan limit in St. Lucie County for 2026?
$603,750 for a single-family home.
Can I use FHA for new construction?
Yes, if the builder and home meet FHA requirements.
Can I use FHA for a condo?
Only if the condo is FHA-approved.
We're Realtors, not lenders. Loan rules and limits change, so confirm details with a licensed lender.
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The McKinney Team | REMAX Gold