Miami First-Time Buyer & Low Down Payment
Low down payment and flexible credit; minimum scores vary by lender. FHA loan limit in Miami-Dade County is $667,000.
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 Miami buyers who haven't had time to save a large down payment or whose credit score is still building, FHA is a common path to homeownership.
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 larger down payment, conventional financing may be a better fit. We run both scenarios to find the lower total cost.
Miami FHA Loan Limits
The 2026 FHA loan limit for a single-family home in Miami-Dade County is $667,000. Two-unit and larger multi-unit limits are higher. These limits reset each year based on HUD guidelines - We always confirm current limits before a rate lock.
Qualification Requirements
Run Your Numbers
Common Questions
Ready to Move Forward
No obligation. We review your credit profile and purchase price and presents FHA and conventional options side by side so you can choose the right fit.