Where to Get an FHA Loan in Miami: 2026 Requirements, Limits and Condo Rules
You can get an FHA loan in Miami through William A. Ledesma at Bold Mortgage, a division of PRMG. He is a Florida licensed loan officer (NMLS# 1232716) based in Miami, and he helps buyers in Miami, Doral, Hialeah, Kendall and the rest of Miami-Dade in English and Spanish. FHA lets you buy with 3.5% down if your credit score is 580 or higher.
Quick answer: FHA loans in Miami for 2026
Down payment: 3.5% with a 580 score or higher. 10% with a score from 500 to 579. Many lenders set higher minimums.
Loan limit: $667,000 for a one-unit home in Miami-Dade County in 2026. Limits are higher for 2 to 4 units.
Mortgage insurance: 1.75% upfront plus a monthly premium. With less than 10% down, the monthly premium stays for the life of the loan unless you refinance.
Occupancy: You must live in the home.
Condos: The building must be FHA-approved, or the unit must qualify for single-unit approval.
Where to apply for an FHA loan in Miami
Any FHA-approved lender can make an FHA loan. HUD keeps a list of approved lenders, and you can check any loan officer's license on NMLS Consumer Access. What matters most is who works your file. A good FHA loan officer checks the condo building, the property and your income before you make an offer, not after.
With William, you start with a short clarity call. There is no hard credit pull to start. Then you get a written pre-approval and an action plan. You can apply online and finish everything by phone, video and e-sign.
FHA requirements Miami and Doral buyers should know
Credit
FHA allows scores down to 500 with 10% down, and 580 or higher for 3.5% down. A higher score usually means a better rate. If your score is close to a cutoff, a short credit plan can save you money.
Income and debts
You need income you can document. That can be W-2 pay, self-employment income, Social Security, a pension or other steady income. Your monthly debts, including the new house payment, are compared to your income. FHA is often more flexible here than other loans.
Down payment and gifts
The 3.5% can come from your savings or from a gift from a family member, with a signed gift letter. You also need money for closing costs. A seller credit or Florida HomeTown Heroes help can cover part of that if you qualify.
The property
FHA has property standards. The appraiser checks safety and condition. An old roof, missing handrails, peeling paint on older homes or unpermitted work can delay the loan. Newer homes in Doral usually pass easily. Older homes in Little Havana, Allapattah or Hialeah need a closer look early.
FHA and Miami condos
This is the biggest FHA issue in Miami. Many towers in Brickell, Downtown and Edgewater are not FHA-approved. If the building is not approved, the unit may still qualify for single-unit approval if the building meets HUD rules. William checks this before you sign a contract. If FHA will not work, a conventional or non-warrantable condo loan may still get you there with more money down.
FHA loans in Doral
Doral has newer homes, lots of townhomes and many HOA communities. FHA often works well for Doral townhomes. If the community is set up as a condo, it must be FHA-approved or the unit must qualify for single-unit approval. Ask for the HOA documents and fees early. Self-employed Doral buyers can still use FHA with two years of tax returns, or look at a bank statement loan.
FHA for 2 to 4 unit homes
FHA lets you buy a duplex, triplex or fourplex with 3.5% down if you live in one unit. The loan limit is higher for these properties, and rent from the other units can help you qualify. This is a common first step for new investors in Miami.
Your action plan
Book a clarity call with William, in English or Spanish. No hard credit pull to start.
Get a written FHA pre-approval before you shop.
Check Florida HomeTown Heroes and local down payment help.
Send William the address of any condo or townhome before you sign, so he can check FHA approval.
Get the inspection and insurance quotes early.
Lock your rate and close.
FHA loan FAQs for Miami and Doral
Where can I get an FHA loan in Miami?
From any FHA-approved lender. William A. Ledesma at Bold Mortgage, a division of PRMG, makes FHA loans across Miami-Dade, including Miami, Doral and Hialeah. You can start with a free clarity call and apply online.
What credit score do I need for an FHA loan in Miami?
FHA allows 580 or higher for 3.5% down, and 500 to 579 with 10% down. Many lenders set a higher minimum. A higher score usually gets a better rate.
What is the FHA loan limit in Miami-Dade County for 2026?
$667,000 for a one-unit home. The limit is higher for 2, 3 and 4 unit properties.
How do I qualify for an FHA loan in Doral, FL?
You need a 580 or higher score for 3.5% down, income you can document, and a home you will live in. The loan must fit the Miami-Dade FHA limit. If the home is in a condo association, the community must be FHA-approved or the unit must qualify for single-unit approval.
What FHA requirements should first-time buyers in Doral know?
Plan for 3.5% down plus closing costs, a 580 or higher score, steady income, and HOA dues in your budget. Check the flood zone and the HOA or condo approval before you sign. Florida HomeTown Heroes may help with down payment and closing costs if you qualify.
Can I use an FHA loan to buy a condo in Brickell?
Only if the building is FHA-approved or the unit qualifies for single-unit approval. Many Brickell towers are not approved, so check the building first. If FHA will not work, a conventional or non-warrantable condo loan may.
Related guides: Miami mortgage guide, Doral mortgage guide, Florida FHA requirements, First-time buyer loans in Miami.
About William A. Ledesma
William A. Ledesma is a Florida licensed mortgage loan officer, Florida HomeTown Heroes specialist and SVP of Sales at Bold Mortgage, a division of PRMG. He helps buyers, homeowners and investors in Miami and across Florida, in English and Spanish. Every client gets a clear action plan from pre-approval to closing.
Call or text: (786) 387-3676
Email: will@williamledesma.com
Office: 4960 SW 72nd Ave, Suite 400, Miami, FL 33155
Client reviews: Read reviews from William's clients
William A. Ledesma, NMLS# 1232716. Bold Mortgage is a division of Paramount Residential Mortgage Group, Inc. (PRMG), NMLS# 75243, Florida Mortgage Lender Servicer License MLD1608. Equal Housing Opportunity. This page is general information, not a commitment to lend. All loans are subject to credit approval, underwriting guidelines and property eligibility. Loan limits, program terms and down payment assistance funding can change without notice.
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