FHA Home Loans in Marco Island, FL
With a $1,125,000 median, the $764,750 FHA limit covers 68.0% of typical Marco Island purchases — buyers at or above the median may need a larger down payment or conventional financing.
The 2026 FHA loan limit in COLLIER County is $764,750. The Marco Island median home price is $1,125,000, 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
Monthly Payment Breakdown
| Loan Type | P&I | MIP / PMI | Monthly Total |
|---|---|---|---|
| FHA 3.5% down | $6,981 | $497 | $7,478 |
| Conventional 5% down | — | $623 | $7,554 |
Upfront MIP of $18,998 (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.
FAQs
Get pre-approved for an FHA loan in Marco Island
Low down payment, flexible credit requirements, and DPA stackable programs.