Fort Myers First-Time Buyer & Low Down Payment
3.5% down with a 580+ credit score. FHA loan limit in Lee County is $524,225.
What Is an FHA Loan
FHA loans are insured by the Federal Housing Administration, which lets lenders offer lower down payments and more flexible credit standards than conventional loans. For Fort Myers buyers who haven't had time to save 20% or whose credit score is still building, FHA is often the fastest path to homeownership in Lee County.
The tradeoff is mortgage insurance — FHA requires both an upfront and an annual premium for the life of the loan on most programs. For buyers with strong credit who can make a 20% down payment, conventional financing may be a better fit. Nick runs both scenarios to find the lower total cost.
Fort Myers FHA Loan Limits
The 2025 FHA loan limit for a single-family home in Lee County is $524,225. For a two-unit property (duplex), the limit rises to $671,200. These limits reset each year based on HUD guidelines — Nick always confirms current limits before a rate lock.
Qualification Requirements
Run Your Numbers
Common Questions
Ready to Move Forward
No obligation. Nick reviews your credit profile and purchase price and presents FHA and conventional options side by side so you can choose the right fit.