Florida FHA Limits for 2018: They’ve Gone Up

FHA loan limits for Florida were increased for 2018, in response to rising home values. In fact, the maximum FHA loan amount went up for most counties across the U.S. The table below shows the 2018 FHA loan limits for all counties and metro areas across Florida. These figures were obtained from the Department of Housing and Urban Development (HUD), which manages this particular mortgage program.

2018 FHA Loan Limits for Florida Counties

County Metro Area 1-Family 2-Family 3-Family 4-Family
ALACHUA GAINESVILLE $294,515 $377,075 $455,800 $566,425
BAKER JACKSONVILLE $343,850 $440,200 $532,100 $661,250
BAY PANAMA CITY $294,515 $377,075 $455,800 $566,425
BRADFORD NON-METRO $294,515 $377,075 $455,800 $566,425
BREVARD PALM BAY-MELBOURNE $294,515 $377,075 $455,800 $566,425
BROWARD MIAMI-FORT LAUDERDALE $345,000 $441,650 $533,850 $663,450
CALHOUN NON-METRO $294,515 $377,075 $455,800 $566,425
CHARLOTTE PUNTA GORDA $294,515 $377,075 $455,800 $566,425
CITRUS HOMOSASSA SPRINGS $294,515 $377,075 $455,800 $566,425
CLAY JACKSONVILLE $343,850 $440,200 $532,100 $661,250
COLLIER NAPLES-IMMOKALEE $450,800 $577,100 $697,600 $866,950
COLUMBIA LAKE CITY $294,515 $377,075 $455,800 $566,425
DESOTO ARCADIA $294,515 $377,075 $455,800 $566,425
DIXIE NON-METRO $294,515 $377,075 $455,800 $566,425
DUVAL JACKSONVILLE $343,850 $440,200 $532,100 $661,250
ESCAMBIA PENSACOLA-FERRY PASS $294,515 $377,075 $455,800 $566,425
FLAGLER DELTONA-DAYTONA BEACH $294,515 $377,075 $455,800 $566,425
FRANKLIN NON-METRO $294,515 $377,075 $455,800 $566,425
GADSDEN TALLAHASSEE $294,515 $377,075 $455,800 $566,425
GILCHRIST GAINESVILLE $294,515 $377,075 $455,800 $566,425
GLADES NON-METRO $294,515 $377,075 $455,800 $566,425
GULF PANAMA CITY $294,515 $377,075 $455,800 $566,425
HAMILTON NON-METRO $294,515 $377,075 $455,800 $566,425
HARDEE WAUCHULA $294,515 $377,075 $455,800 $566,425
HENDRY CLEWISTON $294,515 $377,075 $455,800 $566,425
HERNANDO TAMPA-ST. PETERSBURG $294,515 $377,075 $455,800 $566,425
HIGHLANDS SEBRING $294,515 $377,075 $455,800 $566,425
HILLSBOROUGH TAMPA-ST. PETERSBURG $294,515 $377,075 $455,800 $566,425
HOLMES NON-METRO $294,515 $377,075 $455,800 $566,425
INDIAN RIVER SEBASTIAN-VERO BEACH $294,515 $377,075 $455,800 $566,425
JACKSON NON-METRO $294,515 $377,075 $455,800 $566,425
JEFFERSON TALLAHASSEE $294,515 $377,075 $455,800 $566,425
LAFAYETTE NON-METRO $294,515 $377,075 $455,800 $566,425
LAKE ORLANDO-KISSIMMEE $294,515 $377,075 $455,800 $566,425
LEE CAPE CORAL-FORT MYERS $294,515 $377,075 $455,800 $566,425
LEON TALLAHASSEE $294,515 $377,075 $455,800 $566,425
LEVY NON-METRO $294,515 $377,075 $455,800 $566,425
LIBERTY NON-METRO $294,515 $377,075 $455,800 $566,425
MADISON NON-METRO $294,515 $377,075 $455,800 $566,425
MANATEE NORTH PORT-SARASOTA $299,000 $382,750 $462,650 $575,000
MARION OCALA $294,515 $377,075 $455,800 $566,425
MARTIN PORT ST. LUCIE $316,250 $404,850 $489,350 $608,150
MIAMI-DADE MIAMI-FORT LAUDERDALE $345,000 $441,650 $533,850 $663,450
MONROE KEY WEST $529,000 $677,200 $818,600 $1,017,300
NASSAU JACKSONVILLE $343,850 $440,200 $532,100 $661,250
OKALOOSA CRESTVIEW $355,350 $454,900 $549,850 $683,350
OKEECHOBEE OKEECHOBEE $294,515 $377,075 $455,800 $566,425
ORANGE ORLANDO-KISSIMMEE-SANFORD $294,515 $377,075 $455,800 $566,425
OSCEOLA ORLANDO-KISSIMMEE-SANFORD $294,515 $377,075 $455,800 $566,425
PALM BEACH MIAMI-FORT LAUDERDALE $345,000 $441,650 $533,850 $663,450
PASCO TAMPA-ST. PETERSBURG $294,515 $377,075 $455,800 $566,425
PINELLAS TAMPA-ST. PETERSBURG $294,515 $377,075 $455,800 $566,425
POLK LAKELAND-WINTER HAVEN $294,515 $377,075 $455,800 $566,425
PUTNAM PALATKA $294,515 $377,075 $455,800 $566,425
SANTA ROSA PENSACOLA $294,515 $377,075 $455,800 $566,425
SARASOTA NORTH PORT-SARASOTA $299,000 $382,750 $462,650 $575,000
SEMINOLE ORLANDO-KISSIMMEE $294,515 $377,075 $455,800 $566,425
ST. JOHNS JACKSONVILLE $343,850 $440,200 $532,100 $661,250
ST. LUCIE PORT ST. LUCIE $316,250 $404,850 $489,350 $608,150
SUMTER THE VILLAGES $294,515 $377,075 $455,800 $566,425
SUWANNEE NON-METRO $294,515 $377,075 $455,800 $566,425
TAYLOR NON-METRO $294,515 $377,075 $455,800 $566,425
UNION NON-METRO $294,515 $377,075 $455,800 $566,425
VOLUSIA DELTONA-DAYTONA BEACH $294,515 $377,075 $455,800 $566,425
WAKULLA TALLAHASSEE $294,515 $377,075 $455,800 $566,425
WALTON CRESTVIEW $355,350 $454,900 $549,850 $683,350
WASHINGTON NON-METRO $294,515 $377,075 $455,800 $566,425

Highest Limits Are in Monroe County (Key West)

For most counties in Florida, the 2018 FHA loan limit is $294,515. That’s for a regular single-family property. There are higher limits for multifamily properties such as duplexes and triplexes. The table above shows the maximum FHA loan size for all counties and all property types.

The highest FHA loan limit in the state of Florida occurs within Monroe County, which includes Key West. The single-family loan limit for Monroe County is $529,000. The maximum FHA mortgage amount is set higher for the Key West area due to the higher-priced homes that are found there.

According to Zillow, the median home price in Key West rose above $600,000, as of November 2017. This accounts for the higher FHA loan limits assigned to this part of Florida. Monroe County is the only county in the state with a single-family FHA loan limit above $500,000.

The Naples / Immokalee / Marco Island metropolitan area, within Collier County, is also on the upper end of the scale. Collier County, Florida has an FHA loan limit of $450,800 for 2018.

Change Brought On by Rising Home Prices

The 2018 FHA loan limits for Florida were increased in response to rising home values. This is true for most counties across the country. House prices nationwide rose steadily over the last couple of years. The gains that occurred in 2017 are what prompted federal housing officials to raise FHA loan limits  for 2018.

According to the real estate information company Zillow, the median home price in Florida rose by nearly 8% over the last 12 months (as reported in January 2018). The statewide median home value hit $214,800 at the end of 2017.

This steady home-price appreciation is partly why housing officials have increased Florida’s FHA loan limits for 2018. These maximum mortgage amounts are reviewed every year, in relation to home price trends. When house values rise significantly, HUD and other housing officials tend to increase the limits from one year to the next.

In some counties across the U.S., the limits were kept the same from 2017 to 2018. But in Florida, all counties saw an increase in FHA loan limits for 2018.