Loan Program

FHA Loans

First-time buyer loans backed by the Federal Housing Administration

FHA loans are designed to make homeownership accessible for buyers who may not qualify for conventional financing. With lower down payment requirements and more flexible credit standards, FHA is the most popular program for first-time homebuyers in Florida.

Who This Is For

First-time homebuyers who have not owned a home in the past 3 years

Buyers with credit scores as low as 580 (or 500 with 10% down)

Borrowers with limited savings for a down payment — as low as 3.5% down

Buyers who have recovered from bankruptcy or foreclosure and meet waiting period requirements

Requirements

Minimum Credit Score580 (3.5% down) or 500 (10% down)

Down Payment3.5% minimum

Debt-to-Income RatioUp to 43% (up to 50% with compensating factors)

Employment History2 years steady employment

Property TypePrimary residence only

Mortgage InsuranceRequired (UFMIP + annual MIP)

Loan Limits (2026)Up to $667,000 (standard Florida limit)

Geographic AvailabilityState of Florida only

How Sofla Helps

Our AI qualification engine handles the heavy lifting so you can focus on closing.

AI qualification detects FHA eligibility in under 3 minutes based on credit range, income, and down payment availability

Automated document checklist specific to FHA requirements — W-2s, pay stubs, bank statements, and gift letter templates

Red flag detection catches issues like recent credit events or employment gaps that could delay FHA underwriting

Score engine estimates DTI ratio and flags if compensating factors will be needed for approval

Get Qualified for FHA Loans

A few questions. A real score. The exact document list for your loan type.

Start Qualification