FHA Loans · FL
FHA Home Loans in Miami, FL
FHA's 3.5% minimum on Miami's $598,000 median requires just $20,930 — $8,970 less than a 5% conventional down payment.
3.5% Down
$20,930
Monthly Total
$3,975/mo
2026 FHA Limit
$667,000
Income Needed
$131,860/yr
FHA Limit Covers Miami
FHA loan limits in MIAMI-DADE County ($667,000) comfortably cover the Miami median home price ($598,000).
Down Payment Comparison
Most Popular
FHA 3.5% Down
$20,930
Lower MIP
FHA 10% Down
$59,800
No PMI
Conventional 20%
$119,600
Monthly Payment Breakdown
| Loan Type | P&I | MIP / PMI | Monthly Total |
|---|---|---|---|
| FHA 3.5% down | $3,711 | $264 | $3,975 |
| Conventional 5% down | — | $331 | $4,015 |
Upfront MIP of $10,098 (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 Miami
Low down payment, flexible credit requirements, and DPA stackable programs.