FHA Loans · FL
FHA Home Loans in Crestview, FL
FHA's 3.5% minimum on Crestview's $302,000 median requires just $10,570 — $4,530 less than a 5% conventional down payment.
3.5% Down
$10,570
Monthly Total
$2,007/mo
2026 FHA Limit
$603,750
Income Needed
$76,939/yr
FHA Limit Covers Crestview
FHA loan limits in OKALOOSA County ($603,750) comfortably cover the Crestview median home price ($302,000).
Down Payment Comparison
Most Popular
FHA 3.5% Down
$10,570
Lower MIP
FHA 10% Down
$30,200
No PMI
Conventional 20%
$60,400
Monthly Payment Breakdown
| Loan Type | P&I | MIP / PMI | Monthly Total |
|---|---|---|---|
| FHA 3.5% down | $1,874 | $133 | $2,007 |
| Conventional 5% down | — | $167 | $2,027 |
Upfront MIP of $5,100 (1.75%) is typically rolled into the loan balance.
Down Payment Assistance
Florida's Hometown Heroes program 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.
Hometown Heroes: Florida's Hometown Heroes program 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 Crestview
Low down payment, flexible credit requirements, and DPA stackable programs.