2026 loan limits in Monroe County
These are the 2026 limits for one-unit homes in Monroe County, set by HUD (FHA) and FHFA (conforming). Two- to four-unit properties have higher limits. We confirm the current figures before every rate lock.
Buying a home in Monroe County
Monroe County is the Florida Keys, and it has Florida's highest 2026 limits: $990,150 for both conforming and FHA loans on a one-unit home. Nearly every property needs flood insurance, and wind coverage can be costly, so get both quotes before you make an offer. New construction is limited by a state-managed building-permit allocation system, and vacation-rental licensing is tightly controlled, especially in Key West.
Areas served in Monroe County
We work with buyers and homeowners throughout Monroe County, including Key West, Key Largo, Islamorada, Marathon, Big Pine Key, and Tavernier.
Florida closing costs on a Monroe County purchase
Example: a $1,025,000 purchase with an FHA loan of $989,125. The state taxes on that deal:
- Deed doc stamps: $0.70 per $100 of price = $7,175. The standard Florida contract has the seller pay this; check yours.
- Doc stamps on the mortgage note: $0.35 per $100 of loan = $3,462. Paid by the buyer.
- Intangible tax on the mortgage: 0.2% of the loan = $1,978. Paid by the buyer.
Add title insurance, lender fees, prepaid taxes and insurance, and recording fees for the full picture. Run your own numbers with the Florida closing cost calculator.
Homestead exemption in Monroe County
If the home will be your primary residence, file for the homestead exemption with the Monroe County Property Appraiser by March 1 of the year after you close. It can take up to about $50,000 off your assessed value and caps future increases under Save Our Homes. Details in the homestead guide.
Loan programs available in Monroe County
- Conventional: Low down payment options for qualifying first-time buyers.
- FHA: Low down payment and flexible credit; minimum scores vary by lender.
- VA: For eligible veterans and service members.
- USDA: For eligible homes in qualifying rural and suburban areas.
- Jumbo: Loans above the conforming limit.
- DSCR: Investment property qualified on rental income.
- Bank statement: For self-employed borrowers.
- Construction-to-perm: One closing for building a new home.
- Foreign national: For buyers without US credit.
- Down payment assistance: Including Florida Hometown Heroes.
Nearby counties
Miami-Dade County
FHA limit $667,000
Broward County
FHA limit $667,000
Palm Beach County
FHA limit $667,000