Florida 2025 Conforming Loan Limits: Up To $806,500 | Bennett Capital Partners
- Philip Bennett (NMLS # 1098318)
- Oct 12, 2023
- 5 min read
Updated: Jun 28
The Federal Housing Finance Agency (FHFA) increased the baseline conforming loan limit for mortgages backed by Fannie Mae and Freddie Mac to $806,500 in 2025, representing a 5.2% increase from the 2024 threshold of $766,550. This adjustment reflects rising home values and expands borrowing capacity for Florida property purchases. Monroe County achieves high-cost designation with $967,150 limits for premium market access.
Bennett Capital Partners Mortgage Brokers specializes in conforming loan origination across all Florida counties, delivering competitive rates and expert guidance for financing of $806,500 or more. As an experienced mortgage broker, we streamline the approval process for both residential and investment property transactions.
Our team leverages these enhanced 2025 loan limits to help Florida borrowers efficiently achieve their real estate objectives.
Key Takeaways
✅ Florida's 2025 conforming loan limits increased to $806,500 for single-unit properties, representing a $39,950 (5.2%) increase from 2024's $766,550 limit, with Monroe County reaching $967,150 due to high-cost area designation.
✅ Multi-unit investment financing reaches $1.55 million with 4-unit conforming loans capped at $1,551,250 statewide, enabling substantial portfolio acquisitions through Bennett Capital Partners' comprehensive lending platform.
✅ Conforming loans offer significant rate advantages over jumbo financing, typically providing 0.25-0.75% lower interest rates due to Fannie Mae and Freddie Mac backing, resulting in substantial long-term savings for Florida borrowers.
✅ Qualification requirements remain accessible with 620 credit scores, 3% down payments for first-time buyers, and debt-to-income ratios up to 50%, making $806,500 loans more attainable than jumbo alternatives.
✅ Refinancing opportunities expanded dramatically as homeowners can now refinance from jumbo loans into conforming loans, accessing better terms and rates through Bennett Capital Partners' streamlined same-day pre-approval process.
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2025 Conforming Loan Limits (Conventional)
Conventional Loan Limits for Different Unit Types
1-unit: $806,500
2-unit: $1,032,650
3-unit: $1,248,150
4-unit: $1,551,250
Florida Counties with High-Cost Loan Limits (2025)
Monroe County, FL
1-unit: $967,150
2-unit: $1,238,150
3-unit: $1,496,600
4-unit: $1,859,950
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Understanding Jumbo Loans vs Conforming Loans
Jumbo loans and conforming loans have key differences in terms of loan limits and qualifications. Jumbo loans are for higher loan amounts that exceed the conforming loan limit, whereas conforming loans adhere to the guidelines set by Fannie Mae and Freddie Mac.
Each option has its pros and cons, so it's essential to understand which one is suitable for your financial situation.
Key Differences
When comparing jumbo loans and conforming loans, understanding the key differences between the two is crucial. Below is a table highlighting these differences.
FAQ's
What are the 2025 conforming loan limits in Florida?
The 2025 conforming loan limits in Florida are $806,500 for single-unit properties in most counties, representing a 5.2% increase from 2024's limit of $766,550. Monroe County qualifies as a high-cost area with elevated limits of $967,150 for single-unit properties. These limits apply to conventional mortgages backed by Fannie Mae and Freddie Mac, determining the maximum loan amount available without requiring a jumbo loan.
How much can I borrow for a multi-unit property in Florida in 2025?
Florida's 2025 conforming loan limits for multi-unit properties are:
2-unit properties: $1,032,650 (baseline) / $1,238,150 (Monroe County)
3-unit properties: $1,248,150 (baseline) / $1,496,600 (Monroe County)
4-unit properties: $1,551,250 (baseline) / $1,859,950 (Monroe County)
These limits apply to investment properties and owner-occupied duplexes, triplexes, and fourplexes throughout the state of Florida.
Why is Monroe County different from other Florida counties for loan limits?
Monroe County qualifies as a high-cost area under Federal Housing Finance Agency (FHFA) guidelines because local median home values exceed the baseline conforming loan limit threshold. This designation reflects the Florida Keys' premium real estate market, where housing costs significantly surpass national averages. All other 66 Florida counties use the standard baseline limits of $806,500 for single-unit properties.
What's the difference between conforming loans and jumbo loans in Florida?
Conforming loans in Florida are mortgages up to $806,500 (or $967,150 in Monroe County) that meet Fannie Mae and Freddie Mac guidelines. They offer competitive interest rates, standardized underwriting, and backing from government-sponsored enterprises.
Jumbo loans exceed these limits and require private portfolio lending. They typically feature higher interest rates, stricter qualification requirements, larger down payments, and more extensive documentation. Borrowers needing loans above Florida's conforming limits must pursue jumbo financing.
How much did Florida's conforming loan limits increase from 2024 to 2025?
Florida's conforming loan limits increased by $39,950 (5.2%) from $766,550 in 2024 to $806,500 in 2025 for single-unit properties. This increase reflects rising home values, as measured by the FHFA House Price Index. The adjustment helps borrowers access conforming loan benefits for higher-priced properties while maintaining government-sponsored enterprise backing.
What credit score and down payment do I need for Florida's 2025 conforming loan limits?
For Florida's 2025 conforming loans, borrowers typically need:
Minimum credit score: 620 for most programs
Down payment: As low as 3% for first-time buyers, 5% for repeat buyers
Debt-to-income ratio: Maximum 43-50% depending on compensating factors
Employment verification: Two years of stable income history
These requirements apply to the full $806,500 limit statewide and $967,150 in Monroe County, making conforming loans more accessible than jumbo alternatives.
Can I refinance my existing mortgage using the new 2025 loan limits?
Yes, you can refinance using Florida's 2025 conforming loan limits of $806,500 (or $967,150 in Monroe County). This enables homeowners with higher property values to refinance from jumbo loans into conforming loans, potentially securing lower interest rates and better terms. Cash-out refinancing is also available up to these new limits, subject to loan-to-value restrictions and qualification requirements.
How do I apply for a conforming loan in Florida using the 2025 limits?
To apply for Florida's 2025 conforming loan limits:
Verify eligibility: Ensure your loan amount falls within $806,500 (or $967,150 in Monroe County)
Gather documentation: Income statements, tax returns, bank statements, employment verification
Get pre-approved: Submit application to licensed mortgage broker or lender
Property appraisal: Lender orders professional appraisal to confirm value
Final underwriting: Complete loan processing and approval
The entire process typically takes 14-21 days from application to closing.
Are FHA and VA loan limits the same as conforming loan limits in Florida?
No, FHA and VA loan limits differ from conforming loan limits in Florida. FHA loan limits for 2025 are typically lower than conforming limits, while VA loans have no maximum limit for qualified veterans with full entitlement. However, VA loans above conforming limits may require larger down payments. Borrowers should compare all available programs to determine optimal financing based on their eligibility and financial situation.
What happens if I need to borrow more than Florida's 2025 conforming loan limits?
If you need to borrow more than $806,500 in most Florida counties (or $967,150 in Monroe County), you'll require a jumbo loan. Jumbo loans feature:
Higher interest rates: Typically 0.25-0.75% above conforming rates
Stricter requirements: Higher credit scores, lower debt-to-income ratios
Larger down payments: Often 20-25% minimum
Enhanced documentation: More extensive income and asset verification
Portfolio lending: Loans retained by originating institutions rather than sold to GSEs
Philip Bennett
(NMLS # 1098318)
Philip is the owner and Licensed Mortgage Broker at Bennett Capital Partners, LLC (NMLS # 2046862). He earned a Bachelor’s degree in accounting and finance from Binghamton University and a Master's in finance from Nova Southeastern University. With more than two decades of industry leadership, Philip has successfully guided thousands of clients through complex mortgage transactions.
Learn more about Philip Bennett’s background on our Founder’s page. Whether you’re a first-time homebuyer or a seasoned real estate investor, we are here to help you reach your goals. Don’t wait - contact us today and let us help you find the right mortgage for your needs.
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