Florida FHA Loan Limits 2020: They’ve Gone Up Again

Another year, another increase in the FHA loan limits for Florida counties.

In December of 2019, the Department of Housing and Urban Development (HUD) announced that it would be increasing Florida FHA loan limits for 2020. That change applies to all case numbers assigned on or after January 1, 2020, and will remain in effect throughout the year.

At a glance: In 2020, the FHA loan limits for Florida will range from $331,760 to $552,000, depending on the county. That’s for a single-family home. Higher caps apply to multi-family properties, as shown below.

Florida FHA Loan Limits for 2020: All Counties

The table below shows the revised (increased) Florida FHA loan limits by county. The “1-family” column relates to single-family properties. The “2-family” column applies to duplex-style homes with two separate residences. And so on.

County 1-Family 2-Family 3-Family 4-Family
ALACHUA $331,760 $424,800 $513,450 $638,100
BAKER $373,750 $478,450 $578,350 $718,750
BAY $331,760 $424,800 $513,450 $638,100
BRADFORD $331,760 $424,800 $513,450 $638,100
BREVARD $331,760 $424,800 $513,450 $638,100
BROWARD $373,750 $478,450 $578,350 $718,750
CALHOUN $331,760 $424,800 $513,450 $638,100
CHARLOTTE $331,760 $424,800 $513,450 $638,100
CITRUS $331,760 $424,800 $513,450 $638,100
CLAY $373,750 $478,450 $578,350 $718,750
COLLIER $450,800 $577,100 $697,600 $866,950
COLUMBIA $331,760 $424,800 $513,450 $638,100
DESOTO $331,760 $424,800 $513,450 $638,100
DIXIE $331,760 $424,800 $513,450 $638,100
DUVAL $373,750 $478,450 $578,350 $718,750
ESCAMBIA $331,760 $424,800 $513,450 $638,100
FLAGLER $331,760 $424,800 $513,450 $638,100
FRANKLIN $331,760 $424,800 $513,450 $638,100
GADSDEN $331,760 $424,800 $513,450 $638,100
GILCHRIST $331,760 $424,800 $513,450 $638,100
GLADES $331,760 $424,800 $513,450 $638,100
GULF $331,760 $424,800 $513,450 $638,100
HAMILTON $331,760 $424,800 $513,450 $638,100
HARDEE $331,760 $424,800 $513,450 $638,100
HENDRY $331,760 $424,800 $513,450 $638,100
HERNANDO $331,760 $424,800 $513,450 $638,100
HIGHLANDS $331,760 $424,800 $513,450 $638,100
HILLSBOROUGH $331,760 $424,800 $513,450 $638,100
HOLMES $331,760 $424,800 $513,450 $638,100
INDIAN RIVER $331,760 $424,800 $513,450 $638,100
JACKSON $331,760 $424,800 $513,450 $638,100
JEFFERSON $331,760 $424,800 $513,450 $638,100
LAFAYETTE $331,760 $424,800 $513,450 $638,100
LAKE $331,760 $424,800 $513,450 $638,100
LEE $331,760 $424,800 $513,450 $638,100
LEON $331,760 $424,800 $513,450 $638,100
LEVY $331,760 $424,800 $513,450 $638,100
LIBERTY $331,760 $424,800 $513,450 $638,100
MADISON $331,760 $424,800 $513,450 $638,100
MANATEE $331,760 $424,800 $513,450 $638,100
MARION $331,760 $424,800 $513,450 $638,100
MARTIN $350,750 $449,000 $542,750 $674,500
MIAMI-DADE $373,750 $478,450 $578,350 $718,750
MONROE $552,000 $706,650 $854,200 $1,061,550
NASSAU $373,750 $478,450 $578,350 $718,750
OKALOOSA $391,000 $500,550 $605,050 $751,900
OKEECHOBEE $331,760 $424,800 $513,450 $638,100
ORANGE $331,760 $424,800 $513,450 $638,100
OSCEOLA $331,760 $424,800 $513,450 $638,100
PALM BEACH $373,750 $478,450 $578,350 $718,750
PASCO $331,760 $424,800 $513,450 $638,100
PINELLAS $331,760 $424,800 $513,450 $638,100
POLK $331,760 $424,800 $513,450 $638,100
PUTNAM $331,760 $424,800 $513,450 $638,100
SANTA ROSA $331,760 $424,800 $513,450 $638,100
SARASOTA $331,760 $424,800 $513,450 $638,100
SEMINOLE $331,760 $424,800 $513,450 $638,100
ST. JOHNS $373,750 $478,450 $578,350 $718,750
ST. LUCIE $350,750 $449,000 $542,750 $674,500
SUMTER $331,760 $424,800 $513,450 $638,100
SUWANNEE $331,760 $424,800 $513,450 $638,100
TAYLOR $331,760 $424,800 $513,450 $638,100
UNION $331,760 $424,800 $513,450 $638,100
VOLUSIA $331,760 $424,800 $513,450 $638,100
WAKULLA $331,760 $424,800 $513,450 $638,100
WALTON $391,000 $500,550 $605,050 $751,900
WASHINGTON $331,760 $424,800 $513,450 $638,100

Highlights from This Data Table

The table above shows the 2020 FHA loan limits for all Florida counties. Here are some key takeaways from this data report, as well as some recent trends relating to home prices.

  • The 2020 FHA loan limits were increased for all counties in Florida. That’s noteworthy, because they weren’t increased for every county in the U.S. Some counties will have the same limits in 2020 that they had in 2019, with no changes. While a dozen or so will actually see their FHA loan caps go down in 2020.
  • As you can see in the table above, the single-family FHA loan limit for most Florida counties is $331,760. That is the cap for “low-cost areas” across the nation, and it’s based on 65% of the national conforming loan limit for 2020 (which is $510,400).
  • The highest FHA loan limits are found in Monroe County. That’s because Monroe County includes the Florida Keys (and Key West), an area that has higher home prices than most other parts of the state. The 2020 FHA loan limit for that area is $552,000.
  • According to the real estate information company Zillow, the median home price for the state of Florida rose by around 4% during 2019. This is partly why the state’s FHA loan limits were increased.
  • The higher caps are good news for home buyers in the state, because it gives them access to a higher level of mortgage financing (within the FHA program). This helps buyers keep up with rising housing costs across the state.

Conforming Limits Have Gone Up as Well

Florida home buyers should also know that the limits for conforming loans have gone up as well. This applies to conventional or “regular” mortgage products that are not insured by the government.

In 2019, the conforming loan limit for most Florida counties was $484,350. That’s for a single-family home. In 2020, the conforming cap will go up to $510,400. That applies to every county in the state except for Monroe. In Monroe, the 2020 conforming loan limit will increase to $552,000 in 2020, up from $529,000 during 2019.

Again, these figures apply to conventional mortgage products that are not backed by the government. The table above, on the other hand, shows the limits for FHA loans that do receive government backing. Learn more about this difference.

Disclaimer: This page contains the 2020 FHA loan limits for all Florida counties. The data table shown above was adapted from the Department of Housing and Urban Development website in December 2019. While we make every effort to ensure the accuracy of our content, there’s always a slight chance for typos and other forms of human error. To verify the 2020 FHA loan limits for your Florida county, refer to the following HUD link:
https://entp.hud.gov/idapp/html/hicostlook.cfm