Florida FHA Loan Limits in 2019: Another Year, Another Increase

Another year, another increase in FHA loan limits for Florida. In 2019, FHA loan limits were increased for nearly all Florida counties, with the exception of Collier and Monroe. In those two counties, the 2018 caps were simply carried over to 2019. But in all of the other 64 counties across the state of Florida, FHA loan limits have gone up for the current year.

Florida FHA Loan Limits for 2019

The table below shows the 2019 FHA loan limits for Florida. This table was adapted from one provided by the Department of Housing and Urban Development (HUD), which oversees the Federal Housing Administration’s mortgage insurance program.

Note: In this table, the “1-family” column represents single-family home purchases. The “2-family” column applies to duplex-style properties with two different residents, and so on.

County 1-Family 2-Family 3-Family 4-Family
ALACHUA $314,827 $403,125 $487,250 $605,525
BAKER $358,800 $459,300 $555,200 $690,000
BAY $314,827 $403,125 $487,250 $605,525
BRADFORD $314,827 $403,125 $487,250 $605,525
BREVARD $314,827 $403,125 $487,250 $605,525
BROWARD $356,500 $456,350 $551,650 $685,550
CALHOUN $314,827 $403,125 $487,250 $605,525
CHARLOTTE $314,827 $403,125 $487,250 $605,525
CITRUS $314,827 $403,125 $487,250 $605,525
CLAY $358,800 $459,300 $555,200 $690,000
COLLIER $450,800 $577,100 $697,600 $866,950
COLUMBIA $314,827 $403,125 $487,250 $605,525
DESOTO $314,827 $403,125 $487,250 $605,525
DIXIE $314,827 $403,125 $487,250 $605,525
DUVAL $358,800 $459,300 $555,200 $690,000
ESCAMBIA $314,827 $403,125 $487,250 $605,525
FLAGLER $314,827 $403,125 $487,250 $605,525
FRANKLIN $314,827 $403,125 $487,250 $605,525
GADSDEN $314,827 $403,125 $487,250 $605,525
GILCHRIST $314,827 $403,125 $487,250 $605,525
GLADES $314,827 $403,125 $487,250 $605,525
GULF $314,827 $403,125 $487,250 $605,525
HAMILTON $314,827 $403,125 $487,250 $605,525
HARDEE $314,827 $403,125 $487,250 $605,525
HENDRY $314,827 $403,125 $487,250 $605,525
HERNANDO $314,827 $403,125 $487,250 $605,525
HIGHLANDS $314,827 $403,125 $487,250 $605,525
HILLSBOROUGH $314,827 $403,125 $487,250 $605,525
HOLMES $314,827 $403,125 $487,250 $605,525
INDIAN RIVER $314,827 $403,125 $487,250 $605,525
JACKSON $314,827 $403,125 $487,250 $605,525
JEFFERSON $314,827 $403,125 $487,250 $605,525
LAFAYETTE $314,827 $403,125 $487,250 $605,525
LAKE $314,827 $403,125 $487,250 $605,525
LEE $314,827 $403,125 $487,250 $605,525
LEON $314,827 $403,125 $487,250 $605,525
LEVY $314,827 $403,125 $487,250 $605,525
LIBERTY $314,827 $403,125 $487,250 $605,525
MADISON $314,827 $403,125 $487,250 $605,525
MANATEE $320,850 $410,750 $496,500 $617,000
MARION $314,827 $403,125 $487,250 $605,525
MARTIN $327,750 $419,550 $507,150 $630,300
MIAMI-DADE $356,500 $456,350 $551,650 $685,550
MONROE $529,000 $677,200 $818,600 $1,017,300
NASSAU $358,800 $459,300 $555,200 $690,000
OKALOOSA $370,300 $474,050 $573,000 $712,100
OKEECHOBEE $314,827 $403,125 $487,250 $605,525
ORANGE $314,827 $403,125 $487,250 $605,525
OSCEOLA $314,827 $403,125 $487,250 $605,525
PALM BEACH $356,500 $456,350 $551,650 $685,550
PASCO $314,827 $403,125 $487,250 $605,525
PINELLAS $314,827 $403,125 $487,250 $605,525
POLK $314,827 $403,125 $487,250 $605,525
PUTNAM $314,827 $403,125 $487,250 $605,525
SANTA ROSA $314,827 $403,125 $487,250 $605,525
SARASOTA $320,850 $410,750 $496,500 $617,000
SEMINOLE $314,827 $403,125 $487,250 $605,525
ST. JOHNS $358,800 $459,300 $555,200 $690,000
ST. LUCIE $327,750 $419,550 $507,150 $630,300
SUMTER $314,827 $403,125 $487,250 $605,525
SUWANNEE $314,827 $403,125 $487,250 $605,525
TAYLOR $314,827 $403,125 $487,250 $605,525
UNION $314,827 $403,125 $487,250 $605,525
VOLUSIA $314,827 $403,125 $487,250 $605,525
WAKULLA $314,827 $403,125 $487,250 $605,525
WALTON $370,300 $474,050 $573,000 $712,100
WASHINGTON $314,827 $403,125 $487,250 $605,525

 

Highlights and key points from this table:

  • While they can vary by county, FHA loan limits are typically the same across an entire metro area. For example, the Jacksonville metro area counties of Baker, Clay, Duval, Nassau and St. Johns all have a single-family FHA loan limit of $358,800 for 2019.
  • Most counties in the state have a single-family FHA loan limit of $314,827 for 2019. That is the baseline or “floor” amount used for this particular mortgage program, and most counties across the U.S. are currently set at that level.
  • Monroe County has one of the highest median home prices among Florida’s counties. That’s why it also has the highest FHA loan limit in 2019 ($529,000 for a single-family property). Collier County has the second-highest limit, at $450,800.
  • Most counties of Florida were assigned higher FHA loan limits for 2019, compared to the 2018 caps. The two exceptions are Collier and Monroe counties, which remained the same from one year to the next.

Related: They went up in California too

Other Mortgage Programs Went Up as Well

Conforming loan limits (used for “regular” non-FHA mortgages) were also increased from 2018 to 2019.

The current conforming loan limit for most Florida counties is $484,350, for a single-family home. That’s an increase over last year. The sole exception is Monroe County, which has a conforming loan limit of $529,000 in 2019.

Home Prices Still Rising Across the State

Florida FHA loan limits are partly based on median home prices. And that’s precisely why they were increased from 2018 to 2019.

Real estate markets all across the nation experienced steady home-price gains during 2018, and this prompted housing officials to increase the limits for FHA, conventional and VA loans.

According to the real estate information company Zillow, the median home price in Florida rose by around 8% over the past year. That’s higher than the national average.

Some real estate markets in the state experienced even bigger home-price gains during 2018. In Tampa, for instance, the median home value rose by around 10% during that 12-month period.

This is why FHA loan limits for Florida and most other parts of the country have been increased for 2019. Housing officials made those changes to keep up with rising real estate prices nationwide.