What is the minimum down payment for an FHA loan in Florida?

The minimum down payment for an FHA loan is 3.5% with a credit score of 580 or higher, or 10% with a credit score between 500-579.

What credit score do I need for an FHA loan?

FHA loans require a minimum credit score of 580 for 3.5% down, or 500 with 10% down. Some lenders may require higher scores.

Can I use an FHA loan to buy a home in Florida?

Yes. FHA loans are available for eligible properties throughout Florida including Tampa, Orlando, Miami, and all Florida counties.

FHA Loans on the Cheap!

Low down payment, flexible credit requirements. Perfect for first-time homebuyers.

The Lowdown on FHA Loans

FHA loans are backed by the Federal Housing Administration and are designed to help first-time buyers and borrowers with less-than-perfect credit achieve homeownership. With down payments as low as 3.5%, FHA loans make buying a home more accessible.

These loans offer more flexible qualification guidelines than conventional mortgages, including lower credit score requirements and higher debt-to-income ratios. FHA loans also allow gift funds for down payments.

While FHA loans require mortgage insurance premiums (MIP), the lower rates and easier qualification make them an excellent stepping stone to homeownership. We'll help you determine if an FHA loan is the best option for your situation.

Qualification Requirements

Minimum credit score of 580 with 3.5% down payment

Minimum credit score of 500 with 10% down payment

Debt-to-income ratio up to 43% (up to 50% with compensating factors)

Property must be your primary residence

Mortgage insurance premium (MIP) required

Property must meet FHA minimum property standards

Your Home Loan Could Be Fully Funded 30 Days From Now

Fixed Rates

Lock in your rate for the life of the loan with predictable monthly payments.

ARM

Adjustable rate mortgages with lower initial rates that adjust over time.

Conforming / Jumbo

Standard and high-balance loans for a wide range of property values.

DSCR Investor Loans

Qualify using rental income — no personal income docs required.

FHA / VA / USDA

Government-backed loans with flexible qualification requirements.

HELOC & HELOAN

Tap your home equity for renovations, debt payoff, or cash reserves.

Get Your FHA Loans Rate Quote Now!

Rate & APR Disclosure (Regulation Z / TILA): All rates shown are for illustrative and informational purposes only and do not constitute a loan offer, commitment to lend, or guarantee of any rate or terms. Actual interest rate, Annual Percentage Rate (APR), monthly payment, and total loan cost will vary based on creditworthiness, loan-to-value ratio, loan program, property type, occupancy, and prevailing market conditions at the time of application and rate lock. Rates and APR are subject to change without notice and may not be available in all areas. All loans subject to credit and property approval. 5S Lending LLC, NMLS #2572142 | Personal NMLS #2182419. Licensed in FL. Equal Housing Lender.