Broward County FHA Loan

Understanding Affordable Home Financing Options

Buying a home in Broward County, Florida, can feel overwhelming, especially if you’re navigating the world of mortgages for the first time. Whether you are looking in Fort Lauderdale, Hollywood, Pompano Beach, or any city across Broward County, the Federal Housing Administration (FHA) loan program offers a practical and affordable path to homeownership. Our goal is to help you understand how FHA loans work, why they can be ideal for many first-time buyers, and how to secure one towards a home purchase in Broward County.

Let's Understand the Home Loan Basics. What is an FHA Loan?

A FHA loan is a type of mortgage insured by the Federal Housing Administration, a branch of the U.S. Department of Housing and Urban Development (HUD). Unlike conventional mortgages, FHA loans are designed to make homeownership accessible to borrowers even with lower credit scores, a smaller down payment, or perhaps limited savings.

Some of the key benefits of a FHA loan can include:

  • Low down payment: As little as 3.5% of the home’s purchase price

  • Flexible credit requirements: Borrowers with credit scores as low as 580 may qualify

  • Competitive interest rates: Often lower than conventional loans for first-time buyers

  • Assumable loans: FHA loans can sometimes be transferred to new buyers when selling the home

For residents of Broward County, an FHA loan can be the stepping stone to purchasing your first home, upgrading to a larger property, or refinancing your current mortgage.

Why Choose an FHA Loan in Broward County?

Broward County is one of Florida’s most dynamic regions, featuring diverse communities, strong job growth, and proximity to beaches, entertainment, and cultural attractions. However, the local real estate market can also be competitive, and homes often come with a higher price tag.

An FHA loan can help bridge that gap. Here’s why many Broward County residents choose FHA financing:

1. Lower Upfront Costs – In a market like Fort Lauderdale or Coral Springs, saving for a 20% down payment on a conventional mortgage can take years. FHA loans allow you to put down as little as 3.5%.

2. Credit Flexibility – Not everyone has perfect credit. FHA loans accept borrowers with credit scores in the mid-500s, opening doors for those who might otherwise be denied.

3. Refinancing Options – If you already have an FHA loan, Broward County homeowners can take advantage of FHA Streamline Refinance programs to lower interest rates or monthly payments.

4. Local Assistance Programs – Many cities in Broward County offer grants or down payment assistance programs that can be combined with FHA loans, helping buyers stretch their budget even further.

How to Qualify for an FHA Loan in Broward County

To get an FHA loan, applicants must meet both federal and lender-specific requirements. Here’s what you’ll need:

  • Minimum credit score: Typically 580 or higher for the 3.5% down payment option

  • Steady income: Proof of consistent employment or income for the past two years

  • Debt-to-income ratio (DTI): Usually no more than 43%, though exceptions may apply

  • Property standards: The home must meet FHA safety, security, and livability standards

Additionally, Broward County buyers must provide documentation specific to Florida real estate transactions, such as homeowner’s insurance, property taxes, and HOA fees if applicable. Working with a local lender familiar with Broward County properties ensures the process is smooth and compliant with FHA guidelines.

Broward County Fort Lauderdale FHA Loan

Steps to Getting an FHA Loan in Broward County

1. Check Your Credit Score: Review your credit report and address any errors. A higher score improves your chances of approval and may lower your interest rate.

2. Determine Your Budget: Use an FHA mortgage calculator to see how much you can afford based on your income, debts, and down payment savings.

3. Get Pre-Approved: Contact a lender to get pre-approved. This will give you a clear idea of your loan amount and help you stand out to sellers in Broward County’s competitive market.

4. Find a Home: Work with a local real estate agent who knows Broward County neighborhoods, schools, and property values.

5. Complete the FHA Loan Application: Submit your documents to your lender, including pay stubs, tax returns, bank statements, and identification.

6. Home Appraisal & Inspection: The FHA requires a property appraisal to ensure it meets minimum standards. Your lender will order this.

7. Close the Loan: Once approved, sign the closing documents, pay closing costs (which can sometimes be rolled into the loan), and get the keys to your new Broward County home.

FHA Loan Limits in Broward County

FHA loans have county-specific limits, which determine the maximum amount you can borrow. Broward County is part of the high-cost area classification in Florida, meaning the limits are higher than the national baseline.

For 2025, typical FHA loan limits in Broward County are approximately:

  • Single-family home: $654,350

  • Two-family home: $837,700

  • Three-family home: $1,012,550

  • Four-family home: $1,258,400

    (Note: Limits may change annually due to inflation.)

These limits allow buyers in Broward County to finance a wide range of homes, from modest condos to townhomes to single family houses in suburban neighborhoods.

FHA Loan Benefits for First-Time Homebuyers

FHA loans are particularly appealing to first-time buyers in Broward County. Some advantages include:

  • Lower down payment requirements make it easier to save for a home sooner.

  • Seller concessions are allowed, meaning the seller can contribute up to 6% of the purchase price to cover closing costs.

  • Streamlined refinancing makes it simpler to take advantage of lower interest rates in the future.

  • Support from local programs: Cities like Fort Lauderdale, Hollywood, and Pompano Beach offer programs that complement FHA loans, such as down payment assistance or homebuyer education classes.

Hollywood, FL FHA Loan

Common Myths About FHA Loans

Many Broward County buyers hesitate to use FHA loans because of misconceptions. Here’s the truth:

1. “FHA loans are only for first-time buyers.”

False – you can use an FHA loan even if you’ve owned a home before, as long as you meet the requirements.

2. “FHA loans have huge fees.”

While FHA loans do require mortgage insurance premiums (MIP), they are often lower than private mortgage insurance for conventional loans, especially for buyers with less-than-perfect credit.

3. “You can’t buy in high-cost areas.”

Wrong – FHA loan limits are higher in high-cost counties like Broward, enabling buyers to purchase homes in a variety of neighborhoods.

Broward County FHA Neighborhood

An FHA loan in Broward County is a practical, affordable way to achieve your dream of homeownership. With lower down payments, flexible credit requirements and the potential for local assistance, it’s no wonder that many first-time buyers turn to FHA loans. By working with a knowledgeable lender and real estate agent, you can navigate Broward County’s competitive housing market and find a home that fits your lifestyle and budget.

Whether you are buying in Fort Lauderdale, Pembroke Pines, Hollywood, or anywhere else in the county, an FHA loan can open the door to your future home. Start by checking your credit, getting pre-approved, and connecting with local experts who understand Broward County real estate inside and out.

Interested in seeing what housing payments could look like in various Florida counties? Get an idea of a Fort Lauderdale mortgage payment and an Ocala mortgage payment to see what other Florida homeowners are paying.

To learn more, get pre-approved and start your mortgage journey, please feel free to contact the Mortgage Group.

Mortgage Options

Your mortgage journey.

Various loan type options including:

  • Conventional loan

  • FHA loan

  • VA loan

  • Self-employed loan options

  • No income verification for investors

Benefits of Homeownership

Homeownership is a significant milestone and a decision that offers many advantages. In addition to providing a place to call your own, owning a home brings financial stability, personal fulfillment, and a sense of belonging. Mortgage Group has been helping individuals and families obtain homeownership, guiding them through the process and obtaining referrals to help their family and friends accomplish the same.

Homeownership Benefits

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Some of the areas where we have helped individuals obtain a mortgage:

Miami-Dade County

Aventura, FL

Bal Harbour, FL

Coconut Grove, FL

Coral Gables, FL

Cutler Bay, FL

Eastern Shores, FL

Fisher Island, FL

Golden Beach, FL

Hialeah, FL

Hialeah Gardens, FL

Homestead, FL

Indian Creek, FL

Miami Beach, FL

Miami Gardens, FL

North Miami, FL

North Miami Beach, FL

Pinecrest, FL

Surfside, FL

Sunny Isles Beach, FL

Broward County

Cooper City, FL

Coral Springs, FL

Dania Beach, FL

Davie, FL

Deerfield Beach, FL

Doral, FL

Fort Lauderdale, FL

Hallandale Beach, FL

Hollywood, FL

Lauderdale by the Sea, FL

Lauderdale Lakes, FL

Lauderhill, FL

Lighthouse Point, FL

Margate, FL

Miramar, FL

North Lauderdale, FL

Oakland Park, FL

Parkland, FL

Pembroke Pines, FL

Plantation, FL

Pompano Beach, FL

Southwest Ranches, FL

Sunrise, FL

Tamarac, FL

West Park, FL

Wilton Manors, FL

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Which home loan program is right for me?

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Notice To Texas Loan Applicants: Consumers wishing to file a complaint against a mortgage banker, or a licensed mortgage banker residential mortgage loan originator, should complete and send a complaint form to the Texas Department of Savings and Mortgage Lending, 2601 North Lamar, Suite 201, Austin, TX 78705. Complaint forms and instructions may be obtained from the department’s website at www.sml.texas.gov

A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed mortgage banker residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at
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