FHA Loans
FHA loans are government-backed mortgages designed for first-time homebuyers and those with less-than-perfect credit. They feature low down payments starting at 3.5%, flexible qualification guidelines, and competitive interest rates insured by the Federal Housing Administration.
FHA Loan Requirements in Florida — Complete 2026 Guide
FHA loans are the most popular mortgage option for first-time homebuyers in Florida, offering low down payments and flexible credit requirements backed by the Federal Housing Administration. Here is everything you need to know about FHA loan requirements in Florida for 2026.
Requirements at a Glance
Key Benefits
- ✓Lower credit score accepted than conventional loans
- ✓Only 3.5% down payment required (vs 5-20% conventional)
- ✓Seller can contribute up to 6% toward closing costs
- ✓Gift funds allowed for entire down payment
- ✓Competitive interest rates regardless of credit score
- ✓Available for condos, townhomes, and multi-unit properties
How to Apply — Step by Step
Get Pre-Qualified
Submit basic income and credit info — no hard pull required. Takes 5 minutes online or by phone.
Find Your Home
Shop with confidence knowing your budget. FHA appraisal will verify the property meets minimum standards.
Complete Your Application
Provide pay stubs, tax returns, and bank statements. Our team handles the paperwork.
Underwriting & Approval
FHA reviews your file. Average processing time at Beacon Mortgage: 14-21 days.
Close on Your Home
Sign final documents and get your keys. Beacon averages 21-day closings.
Who Qualifies?
You may qualify for an FHA loan in Florida if you have a credit score of 580 or higher, can document 2 years of steady income, have a debt-to-income ratio under 43%, and are purchasing a primary residence. Self-employed borrowers can qualify with 2 years of tax returns. There is no income limit for FHA loans, but the property must meet FHA appraisal standards.
Pro tip from our loan officers: If your credit score is between 580-620, FHA is almost always your best option. Conventional loans at that score range carry much higher rates and PMI costs. We see first-time buyers in Winter Garden and Orlando save $150-300/month by going FHA instead of conventional.
Ready to See If You Qualify for an FHA Loan?
Pre-qualify in minutes. No credit check to start. No obligation.
Florida Market Insight
With Florida's median home prices continuing to rise, FHA loans provide an accessible path to homeownership for buyers who may not qualify for conventional financing. The program is especially popular among younger buyers entering the market for the first time.
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FHA Loans by Location
FHA Loans Payment Calculator
Estimated Monthly Payment
$1,816.07
Loan amount: $280,000 · 30-year term at 6.75%
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Frequently Asked Questions
- What is a FHA loan?
- FHA loans are government-backed mortgages designed for first-time homebuyers and those with less-than-perfect credit. They feature low down payments starting at 3.5%, flexible qualification guidelines, and competitive interest rates insured by the Federal Housing Administration.
- How do I qualify for a FHA loan in Florida?
- Qualification depends on credit score, income, debt-to-income ratio, and the specific FHA program requirements. Contact Beacon Mortgage for a free pre-qualification with no impact to your credit score.
- What is the Florida market like for FHA Loans?
- With Florida's median home prices continuing to rise, FHA loans provide an accessible path to homeownership for buyers who may not qualify for conventional financing. The program is especially popular among younger buyers entering the market for the first time.
- Where does Beacon Mortgage offer FHA Loans?
- Beacon Mortgage offers FHA Loans in Orlando, Miami, Tampa, Jacksonville, Fort Lauderdale, Winter Garden, and 25+ additional Florida cities. Click any city below to see local market data.