FHA Loans · FL
FHA Home Loans in Fernandina Beach, FL
FHA's 3.5% minimum on Fernandina Beach's $552,000 median requires just $19,320 — $8,280 less than a 5% conventional down payment.
3.5% Down
$19,320
Monthly Total
$3,669/mo
2026 FHA Limit
$580,750
Income Needed
$123,320/yr
FHA Limit Covers Fernandina Beach
FHA loan limits in NASSAU County ($580,750) comfortably cover the Fernandina Beach median home price ($552,000).
Down Payment Comparison
Most Popular
FHA 3.5% Down
$19,320
Lower MIP
FHA 10% Down
$55,200
No PMI
Conventional 20%
$110,400
Monthly Payment Breakdown
| Loan Type | P&I | MIP / PMI | Monthly Total |
|---|---|---|---|
| FHA 3.5% down | $3,425 | $244 | $3,669 |
| Conventional 5% down | — | $305 | $3,706 |
Upfront MIP of $9,321 (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 Fernandina Beach
Low down payment, flexible credit requirements, and DPA stackable programs.