FHA Loans · FL
FHA Home Loans in Pensacola, FL
FHA's 3.5% minimum on Pensacola's $285,000 median requires just $9,975 — $4,275 less than a 5% conventional down payment.
3.5% Down
$9,975
Monthly Total
$1,894/mo
2026 FHA Limit
$541,287
Income Needed
$73,786/yr
FHA Limit Covers Pensacola
FHA loan limits in ESCAMBIA County ($541,287) comfortably cover the Pensacola median home price ($285,000).
Down Payment Comparison
Most Popular
FHA 3.5% Down
$9,975
Lower MIP
FHA 10% Down
$28,500
No PMI
Conventional 20%
$57,000
Monthly Payment Breakdown
| Loan Type | P&I | MIP / PMI | Monthly Total |
|---|---|---|---|
| FHA 3.5% down | $1,768 | $126 | $1,894 |
| Conventional 5% down | — | $157 | $1,913 |
Upfront MIP of $4,812 (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 Pensacola
Low down payment, flexible credit requirements, and DPA stackable programs.