FHA isn't the cheap loan. It's the flexible one.
FHA's mortgage insurance usually lasts as long as the loan, so over time it can cost more than a conventional loan. What FHA buys you is access: a lower credit score, a smaller down payment, or more debt than other loans allow. For many buyers, that access is worth it, especially with a plan to refinance later.
FHA loan limits in Central Florida.
FHA sets a maximum loan amount by county each year. In 2026, Central Florida counties including Orange and Osceola use FHA's national floor.
| Property | 2026 limit |
|---|---|
| Single family | $541,287 |
| Duplex | $693,050 |
| Triplex | $837,700 |
| Fourplex | $1,041,125 |
Limits are set by HUD each year. See limits for every Central Florida county.
FHA vs conventional.
Neither is always better. The right choice depends on your credit, savings and how long you plan to keep the loan.
| FHA | Conventional | |
|---|---|---|
| Minimum down payment | 3.5% with a 580 score | As low as 3% for some buyers |
| Credit flexibility | Most forgiving | Rewards stronger credit |
| Mortgage insurance | Upfront fee plus monthly premium, often for the life of the loan | Monthly, removable once you reach enough equity |
| Debt ratios | More room with automated approval | Tighter |
| After bankruptcy | Generally 2 years after Chapter 7 | Generally 4 years |
| Property use | Primary residence, up to four units | Primary, second home or investment |
Every part of FHA, explained.
Each topic has its own full guide.
Buying with FHA
Building wealth with FHA
Denied?
Who FHA fits best
First time buyer? FHA isn't your only option. See first time buyer loans compared.
Buyers rebuilding credit. A score in the high 500s or low 600s can still mean a fair deal with FHA when conventional pricing would be harsh.** Buyers with more debt.** Student loans, a car payment and credit cards can push conventional ratios too high. FHA often has more room.** Buyers using family help.** FHA allows gifts for the down payment, and a family member who won't live in the home can sometimes co sign.** House hackers.** FHA can finance up to four units with a small down payment if you live in one. It's how many investors start.
Who should look elsewhere
If your credit is strong and you have 5% or more to put down, conventional is often cheaper over time because its mortgage insurance can be removed. Veterans should almost always compare a VA loan first. And if you're buying in a rural or suburban area with moderate income, check USDA and USDA vs FHA.
The FHA game plan
Many smart buyers use FHA as a bridge. Buy now with FHA's flexibility, make your payments on time, build equity, then refinance into a conventional loan to drop mortgage insurance once your credit and equity improve. I plan that path with you from the start.
FHA related guides
How FHA compares and what the mortgage insurance really costs.
Frequently asked questions
What credit score do I need for an FHA loan in Florida?
580 for 3.5% down, or 500 to 579 with 10% down under FHA rules. Many lenders require more, so it pays to shop lenders.
Is FHA only for first time buyers?
No. Repeat buyers can use FHA, as long as the home will be their primary residence.
How much is FHA mortgage insurance?
1.75% upfront, usually financed, plus 0.55% a year for most 30 year loans.
What is the FHA loan limit in Orlando for 2026?
$541,287 for a single family home in Orange and Osceola counties.
Can I use down payment assistance with FHA?
Yes. Florida's FL Assist and Hometown Heroes both work with FHA.
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