FHA Loans · FL
FHA Home Loans in Fort Walton Beach, FL
FHA's 3.5% minimum on Fort Walton Beach's $378,000 median requires just $13,230 — $5,670 less than a 5% conventional down payment.
3.5% Down
$13,230
Monthly Total
$2,512/mo
2026 FHA Limit
$603,750
Income Needed
$91,032/yr
FHA Limit Covers Fort Walton Beach
FHA loan limits in OKALOOSA County ($603,750) comfortably cover the Fort Walton Beach median home price ($378,000).
Down Payment Comparison
Most Popular
FHA 3.5% Down
$13,230
Lower MIP
FHA 10% Down
$37,800
No PMI
Conventional 20%
$75,600
Monthly Payment Breakdown
| Loan Type | P&I | MIP / PMI | Monthly Total |
|---|---|---|---|
| FHA 3.5% down | $2,345 | $167 | $2,512 |
| Conventional 5% down | — | $209 | $2,538 |
Upfront MIP of $6,383 (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 Fort Walton Beach
Low down payment, flexible credit requirements, and DPA stackable programs.