FHA Loan Limits in Florida 2024
Complete guide to FHA loan limits by county in Florida. Find the maximum FHA loan amount for your area, including Lake Mary, Orlando, Miami, Tampa, and all Florida counties.
Call (855) 744-EDGEUnderstanding FHA Loan Limits in Florida
FHA loan limits vary by county in Florida based on local home prices. The Federal Housing Administration sets these limits annually to reflect housing costs in each area. In 2024, most Florida counties have a standard FHA loan limit of $498,257 for single-family homes, while high-cost areas like Miami-Dade and Broward counties have higher limits.
FHA Loan Limits by Florida County
| County | Single-Family | Duplex | Triplex | Fourplex |
|---|---|---|---|---|
| Seminole (Lake Mary) | $498,257 | $637,950 | $770,125 | $956,500 |
| Orange (Orlando) | $498,257 | $637,950 | $770,125 | $956,500 |
| Miami-Dade | $608,850 | $779,050 | $941,250 | $1,169,050 |
| Broward (Fort Lauderdale) | $608,850 | $779,050 | $941,250 | $1,169,050 |
| Hillsborough (Tampa) | $498,257 | $637,950 | $770,125 | $956,500 |
| Duval (Jacksonville) | $498,257 | $637,950 | $770,125 | $956,500 |
| Palm Beach (West Palm Beach) | $608,850 | $779,050 | $941,250 | $1,169,050 |
| Pinellas (St. Petersburg) | $498,257 | $637,950 | $770,125 | $956,500 |
FHA Loan Limits for Lake Mary, FL
Lake Mary is located in Seminole County, which has a 2024 FHA loan limit of $498,257 for single-family homes. This means you can purchase a home in Lake Mary with an FHA loan up to this amount with just 3.5% down (if you have a 580+ credit score).
How FHA Loan Limits Are Determined
FHA loan limits are based on 115% of the median home price in each county. High-cost areas where 115% of the median price exceeds the standard limit receive higher limits. The limits are updated annually to reflect changes in home prices.
What Happens If I Need More Than the FHA Limit?
If the home you want to purchase exceeds the FHA loan limit for your county, you have several options:
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Make a larger down payment - The FHA limit applies to the loan amount, not the purchase price
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Consider a conventional loan - Conventional loans have higher limits and may be available
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Jumbo loan options - For properties significantly above FHA limits
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Need Help Understanding FHA Loan Limits?
Contact Edge Home Loans in Lake Mary for expert guidance on FHA loan limits and options.
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