top of page

FHA Loan Limits 2024 - Florida Mortgage Amounts Up To $621,000

Updated: Mar 20

FHA Loan Limits 2024 - Florida Mortgage Amounts Up To $621,000

Florida's housing market is constantly changing, so it's essential for people looking to buy a home to keep up with the latest mortgage options. The new FHA loan limits for 2024 provide exciting opportunities for those who want to buy or refinance. To fully understand how these changes can benefit you, read through the rest of this blog post detailing the 2024 FHA loan limits.

If you're considering buying a home or refinancing in Florida, you must understand the FHA Loan Requirements. Bennett Capital Partners is here to help you navigate these changes and maximize your buying power. Our team of experienced FHA loan specialists will be with you every step of the way.

To take the first step on your path to homeownership with expert guidance on FHA loan options, reach out to Bennett Capital Partners today. For your convenience, click here to contact us through our online form or call us directly at 1-800-457-9057.

We're here to help you navigate your journey with confidence.

Quick Navigation - Click the link below to jump to that section...

FHA Loan Limits in Florida for 2024

FHA Loan Limits in Florida for 2024

The Federal Housing Administration (FHA) has increased the loan limits for Florida in 2024. The new limits are based on the property type and vary by county. They range from single-family homes to four-family units. These changes are made yearly to reflect the different real estate market conditions in Florida's counties. The updated limits are designed to make it easier for potential homeowners to get FHA loans while keeping affordability in mind.

Here is a detailed list of the loan limits for each county in Florida in 2024.

Bennett Capital Partners continues to provide essential guidance, ensuring borrowers understand these limits and how they can maximize their home-purchasing power. As we march towards 2024, recognize that these figures will be pivotal in planning your future mortgage endeavors.

FHA 2 - 4 Unit Loan Limits 2024

FHA 2 - 4 Unit Loan Limits 2024

Refer to the chart below for the latest info on loan limits for 2-4 units. To learn more about the FHA 2-4 unit guidelines read our blog post titled Understanding FHA 2 - 4 Unit Guidelines: A Comprehensive Guide. It explains the details of these flexible financing options.

Significant increases in loan limits for multi-unit properties reflect the FHA's response to changing real estate market conditions. These increased limits empower investors and homebuyers seeking to finance duplexes, triplexes, and fourplexes.

Remember, the actual amount you can borrow will depend on the county where the property is located, with high-cost areas permitting larger loans. These loan limits offer flexibility and expanded access to housing finance, enabling the pursuit of larger investment endeavors.

FHA Reverse Mortgage Limits

FHA Reverse Mortgage Limits

Homeowners aged 62 and older can use a reverse mortgage to get money from their home equity. This tool gives seniors extra income without having to make monthly mortgage payments.

See the table below for the 2024 reverse mortgage loan limits.

Ready to Explore Your Reverse Mortgage Options?

At Bennett Capital Partners, we specialize in demystifying the complexities of reverse mortgages. Our experienced mortgage brokers are here to guide you through every step, ensuring you make the most informed decision about your home equity.

Whether you're considering a reverse mortgage for additional income, financial flexibility, or other personal reasons, our team is committed to providing you with expert advice and tailored solutions.

Contact Bennett Capital Partners today to discover how we can help you unlock the potential of your home equity with confidence and ease.

📞 Give Us A Call Today 1-800-457-9057

FHA Streamline Loan Limits

The FHA Streamline Refinance program presents an efficient path for current FHA loan holders to refinance their mortgages. In 2024, this program will maintain its appeal by offering enticing loan limits that help homeowners navigate changing financial landscapes. Now, let's delve into the specifics of what these limits look like.

Eligibility for FHA Streamline Refinancing:

  • Your current mortgage must be an FHA-insured loan.

  • Your mortgage payments must be current, with no delinquencies in the past 12 months.

  • The refinance must result in a net tangible benefit for you, such as a lower interest rate or shorter loan term.

At Bennett Capital Partners, we understand the complexities of FHA loan programs and can guide you through the intricacies of FHA Streamline Refinancing. Our experienced team will help you determine your eligibility, assess your refinance options, and ensure a smooth and successful refinancing process.

Contact us today to explore your FHA Streamline Refinance options and streamline your journey to mortgage savings.

FHA Mortgage Rates Today

FHA Mortgage Rates Today

FHA mortgage rates can change every day. These rates depend on how the economy is doing and what banks decide to charge. If you want to know what FHA mortgage rates are right now, you can check our Florida Mortgage Rates Page.

Here, you will find up-to-date information from our Mortgage News Daily mortgage rates feed.

Getting a loan with the FHA means paying less money upfront. But it's important to look at more than just today's rate. Think about how much the loan costs over time, too. Remember, lower rates usually mean your loan will cost less in the long run.

Good luck finding a great deal for your home!

FHA vs. Conventional Loan Limits: What's the Difference?

FHA vs. Conventional Loan Limits: What's the Difference?

Government-backed FHA loans give first-time buyers more options. They require lower down payments and have more flexible credit requirements. However, the loan limits change depending on where you live. In most areas, the minimum loan limit for 2024 is $498,257, while the maximum loan limit for high-cost regions is $1,149,825. On the other hand, conventional loans have a national loan limit of $766,550 in 2024. Remember, the median home values in each county determine FHA loan limits.

Bennett Capital Partners can help Florida homebuyers understand these loan limits and choose between FHA and conventional loans. Their guidance makes the decision easier. To determine your loan limit, check the FHA website or give us a call at 1-800-457-9057



The FHA loan limits for 2024 are a big deal if you want to buy a home in Florida. Now, you can borrow up to $621,000 on your mortgage in select counties across Florida. This is great news for first-time homebuyers or anyone looking to move into a new place.

If you're ready to learn more about these loans or get started, Bennett Capital Partners is here to help. Check out our Quick Quote Form, ask for Pre-Approval, or apply online right now.

If talking is better for you, call us at 1-800-457-9057 today!



What are FHA loan limits in Florida for 2024?

FHA loan limits in Florida for 2024 are the maximum amounts you can borrow for a mortgage, up to $621,000.

How do they decide the FHA loan limits?

The FHA-approved lenders look at area median house prices and other housing market trends to set floor and ceiling limits that follow rules from the National Housing Act.

Can first-time homebuyers get help from FHA loans in Florida?

Yes, first-time homebuyers have options with FHA loans because they often need lower down payments and meet flexible qualification criteria compared to conventional mortgages.

Are there changes in mortgage insurance for FHA loans?

Mortgage insurance guidelines may update yearly, impacting things like premiums on your loan based on housing policies and market analysis.

If I own an expensive home, can I still use an FHA loan to borrow more money?

For expensive homes, high-cost area mortgage options let you borrow more than usual; however, there's a cap adjusted by the Federal Housing Finance Agency (FHFA).

Will applying for an FHA Loan be different in 2024?

The loan application process might change slightly due to updates in lending criteria or policy changes but generally follows a similar qualification and approval system focused on finances such as debt-to-income ratios.

Philip Bennett

Philip Bennett

Philip is the owner and principal mortgage broker at Bennett Capital Partners, Business NMLS# 2046828. He earned his degree in Accounting and Finance from Binghamton University and holds a Master's Degree in Finance from NOVA Southeastern University. With over 20 years of experience in the mortgage industry, Philip has been a leader in his field and has personally originated over $2 billion in residential and commercial mortgages.

Learn more about Philip Bennett's background and experience on our Founder's page. Whether you're a first-time homebuyer or a seasoned real estate investor, our team is here to help you achieve your real estate goals. Don't wait any longer; contact us today and let us help you find the right mortgage for your needs.



Related Posts

See All


Rated 0 out of 5 stars.
No ratings yet

Add a rating