FHA Loans · FL
FHA Home Loans in Miami Beach, FL
With a $895,000 median, the $667,000 FHA limit covers 74.5% of typical Miami Beach purchases — buyers at or above the median may need a larger down payment or conventional financing.
3.5% Down
$31,325
Monthly Total
$5,949/mo
2026 FHA Limit
$667,000
Income Needed
$186,948/yr
FHA Limit Alert
The 2026 FHA loan limit in MIAMI-DADE County is $667,000. The Miami Beach median home price is $895,000, which is above the FHA limit. Buyers may need to cover the gap with a larger down payment or explore jumbo financing.
Down Payment Comparison
Most Popular
FHA 3.5% Down
$31,325
Lower MIP
FHA 10% Down
$89,500
No PMI
Conventional 20%
$179,000
Monthly Payment Breakdown
| Loan Type | P&I | MIP / PMI | Monthly Total |
|---|---|---|---|
| FHA 3.5% down | $5,554 | $395 | $5,949 |
| Conventional 5% down | — | $495 | $6,009 |
Upfront MIP of $15,114 (1.75%) is typically rolled into the loan balance.
Down Payment Assistance
Florida DPA provides up to $35,000 in DPA for eligible workers, compatible with FHA. Income limits and occupational requirements apply; combine with FHA for maximum affordability.
Florida DPA: Florida DPA offers up to $35,000 in DPA for eligible teachers, first responders, healthcare workers, and other frontline professionals.
FAQs
Get pre-approved for an FHA loan in Miami Beach
Low down payment, flexible credit requirements, and DPA stackable programs.