FHA Loan Florida

FHA Loan Florida Benefits:

* Only 3.5% Down Payment
* Low interest rates
* Fast Closing – As fast as 17 Days
* If you have not purchased a house in 3yrs or
* Best for first time home buyers
* FHA Loan from 3.5% Down, HomeReady 3% Down.

#1 FHA Lender Florida


FHA Loan Florida- FHA loan lender. We help borrowers in Florida to qualify for the best mortgage rates in Florida for the FHA home loan program that meets their borrowing requirements. FHA loans in Florida starting at just 3.5% down payment. Apply today!

FHA Loan Florida

CambridgeHomeLoan.com provides FHA loans for purchases, refinancing and cash out refinancing.

FHA Home Loan Florida Details:

The FHA provides insurance to FHA approved lenders that allow them to provide much more leverage than would be otherwise possible.

To apply for an FHA Loan you will need to fill out an application and provide 2 years of tax returns or W2s, last 2 months bank statements and 2 years of employment verification.  For questions call 800-826-5077.

Qualify for a 3.5% down FHA Home Loan in Florida. Use this application to pre-qualify and start shopping for your new home in Florida today! Purchase, Refinance, Cash Out Refinance.


First time home buyer, Single Family, Multi-family. Refi and Cash Out.

Benefits of Purchasing A Home With FHA Home Loan in Florida

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Florida FHA Home Loan Are Easy As 1-2-3

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I am shopping for a home and would like to pre-qualify for my price range.

What are the steps to closing an FHA Loan In Florida?

To close an FHA loan, follow these step-by-step instructions:

1. Evaluate Your Financial Situation: Begin by assessing your finances. Check your credit report, review your credit score, and calculate your debt-to-income ratio (DTI). These factors will help determine the loan amount you qualify for.

2. Find a Suitable FHA Lender: Not all lenders offer FHA loans, so it’s important to look for lenders in Florida who have experience and a good reputation in handling FHA loans.

3. Obtain Pre-Approval: Before starting your house search, obtain a pre-approval letter from your lender. This letter provides a clear indication of your budget and enhances your negotiating power when making an offer. To obtain a pre-approval Click Here!

4. Collaborate with a Real Estate Agent: Work with a knowledgeable real estate agent who is familiar with FHA loan requirements. They can assist you in finding properties that meet the standards set by the Federal Housing Administration.

5. Arrange for Property Appraisal: Once you’ve selected a home, the lender will arrange for an FHA-approved appraiser to evaluate the property’s value and ensure it meets the FHA’s guidelines.

6. Prepare and Submit Your Application Documents: Gather all the necessary documents, including income statements, employment verification, bank statements, and credit reports. Submit these documents to your lender for review and processing.

7. Undergo Underwriting Process: The lender’s underwriting department will thoroughly review your application and documents to verify your information. They will also ensure that the loan package complies with the FHA guidelines.

8. Closing the Loan: Once your application has been approved, it’s time to close the loan. Sign the necessary loan documents, pay the closing costs, and the loan amount will be disbursed.

By following these steps, you can successfully close an FHA loan in Florida. Remember to consult with professionals, such as CambridgeHomeLoan.com to help direct you through the process to ensure you receive the best FHA rates and terms in Florida and a smooth and efficient closing.

Florida FHA Loan FAQs

An FHA loan Florida is a mortgage insured by the Federal Housing Administration, designed to make homeownership more accessible to a wider range of borrowers by offering lower down payment requirements and more lenient credit qualifications.

Florida FHA home loans typically require a down payment of  3.5% of the purchase price. This makes FHA loans an attractive option for buyers who may have limited funds for a down payment.

Bankruptcy does not automatically disqualify a borrower from receiving an FHA loan Florida. If your bankruptcy was discharged 2 years ago you may be eligible today for an FHA loan program.

If you bankruptcy was discharged less than two years ago and you have extenuating circumstances you might still be eligible to qualify.  You can find out more by applying here!.   Same rule applies for borrower with chapter 13 bankruptcy.

A chapter 13 has some different requirements as a chapter 13 bankruptcy may still qualify if the  lender is willing to do a manual underwriting and the borrower has a satisfactory history of payments under their Ch 13 plan.

Foreclosure waiting period is measured from the date of title transfer. Three (3) years must have elapsed from the time title transferred. If the foreclosed loan was an FHA loan, the 3-year waiting period is based on the date the FHA claim was paid (e.g. foreclosure 11/12/14, FHA claim dates was 7/12/15, the 3-year waiting period ends 7/13/18). For any updates on this policy contact CambridgeHomeLoan.com.

Child support can be paid current or a validated payment plan can be used as well.

The Maximum DTI or debt to income ratio is based on overall credit history and assets.  Typically, the DTI cannot exceed 45% of the borrower’s gross income. 

However, in some cases borrowers with as high as 54.9% DTI may be eligible and in other cases borrowers may be capped at 43% DTI. Due to our volume size we can allow for higher DTI which enables you to receive a higher loan amount even if you have significant debt. 

FHA loan Florida require a down payment of as low as 3.5% of the purchase price.

This makes them an attractive option for buyers who may have limited funds for a down payment.

Borrowers with student loans that are in deferment or not fully amortized will be required to calculate 1% of the outstanding balance as minimum monthly payment that will be added in their debt-to-income ratio (DTI) calculation.

Delinquent child support must be paid current or in a payment plan.

While Florida FHA loans are more forgiving of  lower FICO credit scores than conventional loans, a credit score of 580 or higher is qualifies you for a 3.5% down payment. A lower FICO credit scores may still be eligible but may need to make a larger down payment.

For non-medical collection accounts when the outstanding balance is greater than $2,000 borrower may either pay-off the balance if needed to lower debt-to-income ratio (DTI). The lender must use 5% of the outstanding balance and include it in the borrower’s DTI calculation.
Borrowers in Florida with delinquent tax debt are not eligible unless they are currently in a repayment plan. Repayment plans for tax liens are not required to be paid in full if documentation is provided indicating the borrower is in a valid payment plan.

The following is required:

  1. The borrower must have made a minimum of 3 months of scheduled payments and documentation of the payments is required.
  2. The payment must be included in the DTI / Debt to income calculation.
  3. The borrower cannot prepay the payments to meet the 3-month payment requirement NOTE: Borrowers with delinquent taxes may or may not have a tax lien. Borrowers currently in a repayment plan, and the IRS has not filed a tax lien, are not required to meet the minimum 3-month payment requirement. The payment to the IRS will be included in the DTI calculation.
If the accounts are non-medical collection accounts when the cumulative outstanding balance is greater than $2,000, the borrower may either pay-off the balance or, for the purpose of debt-to-income ratio (DTI), provide proof of a payment plan. If neither are an option, the lender must use 5% of the outstanding balance and include it in the borrower’s DTI calculation.

FHA loan limits in Florida vary by county. It’s essential to check the specific limits for the area you are interested in, as they can change annually.

These limits determine the maximum loan amount you can borrow using an FHA loan.

Florida FHA loans can be used to purchase single-family homes, condominiums, townhouses, and multifamily properties (up to four units) as long as you intend to live in one of the units as your primary residence.

Charge-off accounts are not included in borrowers’ debt.


To apply for an FHA loan in Florida, you can start by filling out an application by Clicking Here.

A local FHA-approved lender or mortgage broker who can guide you through the application process will reach out and help walk you through the process. You’ll need to provide financial documents, such as pay stubs and tax returns, as part of the application.

FHA Loan Program

FHA Loan Florida guidelines for Employment history and loan income requirements?

A two-year employment and income history is required for both employees and self-employed borrowers by way of pay stubs, tax returns and W2s or 1099s.

Borrowers with court ordered alimony and child support must document receipt of the income for a minimum of three (3) months and proof that it will continue for at least three (3) years.

fha loan Maryland

FHA Loan Florida Income Requirement

FHA guidelines for Employment history and loan income requirements?

A two-year employment and income history is required for both employees and self-employed borrowers by way of pay stubs, tax returns and W2s or 1099s.

Borrowers with court ordered alimony and child support must document receipt of the income for a minimum of three (3) months and proof that it will continue for at least three (3) years. FHA Loan Florida is one of the most popular loans in Orlando and around the country today due to the low credit requirement and downpayment necessary to purchase a home.

FHA Loan Credit Requirement

What is the minimum credit score required for FHA loan Florida and first time home buyers?

A mortgage or Bank FICO with middle credit score of at least 620. Depending on overall credit, sometimes borrowers are able to qualify with middle scores or FICO as low as 580.

In some instances, where a co-borrower does not have any credit scores, FHA will consider approval so long as the primary borrower meets the minimum credit score requirements and has more than 50% of the qualifying income with a minimum of 3 tradelines active for last 24 months.

Regardless of what your credit scores is, FHA still evaluates overall credit history to determine if borrower gets approved eligible findings that meet FHA approval guidelines.

It is also important to note that your consumer FICO is not the same as your mortgage FICO or Bank score. Banks use a different calculation and you should contact your loan officer to understand the difference between the consumer and bank scores.


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FHA Loan Maximum Seller Credit Allowed

Buyers are permitted up to 6% in seller credits to go towards closing costs and buying down your rate.  For VA Home Loans you are allowed up to 4% in seller credits.

CambridgeHomeLoan.com can help you secure the best rates and terms for and FHA loan Florida. 

There are many different FHA home loan programs available to meet the wide range of borrower needs including a purchase of a new home, the refinancing of you current home loan, the financing of renovation and rehabilitation projects, and reverse mortgages. 

In addition there are First Time Home Buyer Programs, programs for seniors and to refinance your current loan to save on your monthly payment. 

What are FHA Loan Florida property types?

  • Single-family Homes
  • Two to Four planned unit development (PUDs)
  • Condos
  • Modular or pre-fabricated properties (single-unit only)
  • Mixed use must conform to residential nature of the neighborhood, and commercial use cannot exceed 25% of the gross living area.

Florida HomeReady Mortgage
Low down payment HomeReady® Home Loan

HomeReady Mortgage confidently serves today’s low-income credit worthy home borrowers.

The HomeReady® loan is a low down payment home loan program that for offer 3% down. Credit scores however are higher than FHA loan with starting requirements for a FICO at 620  vs 580. This may be offset by the lower capital contribution required of 3% vs 3.5% .  Cash for a down payment can come from multiple sources including grants, gifts and community seconds with no minimum requirement to use your personal funds.  The program is great for developer built new home loans.

The HomeReady® home loan mortgage program requires you to take a quick course about home ownership. You can check  the education requirements for this program HERE


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