FHA Loans
As Low as 500 Credit Score. The Path to Homeownership.
FHA loans are government-backed mortgages insured by the Federal Housing Administration, designed to make homeownership accessible for buyers with lower credit scores or limited savings. With just 3.5% down and flexible qualifying guidelines, FHA loans are one of the most popular paths to a first home in Florida.
No application. No credit pull. Just answers. · NMLS #2386002
FHA Loan Requirements at a Glance
Minimum Down Payment
3.5% (580+) / 10% (500–579)
Minimum Credit Score
500+ (see note)
Max Debt-to-Income
57%
Mortgage Insurance
Required
Loan Limits (2026)
$541,287
Property Types
SFR, 2-4 Unit, Condo, Manufactured (post-1976)
Loan Terms
15, 20, 25, 30 Yr Fixed; ARM
States Licensed
FL, GA, TN, TX, CO
Why Choose a FHA Loans with Skyline
- Only 3.5% down payment required for borrowers with a 580+ credit score
- Borrowers with credit scores as low as 500 may qualify with 10% down — including refinances
- Higher debt-to-income ratio allowances compared to conventional loans — more flexibility for buyers with existing debt
- Gift funds are allowed for the entire down payment and closing costs
- Down payment assistance programs can be layered with FHA loans to reduce out-of-pocket costs further
- Available for primary residences including single-family homes, 2–4 unit properties, and approved condos
- Competitive interest rates backed by government insurance
- Streamline refinance option available after closing — simplified process with reduced documentation
- Skyline's team will walk you through the full FHA process from pre-approval to closing day
Ready to Get Started?
Text us your scenario — no application, no credit pull, no pressure. Our team will walk you through your options and tell you exactly what you qualify for.
Frequently Asked Questions
What is the minimum credit score for an FHA loan in Florida?
Do FHA loans require mortgage insurance?
What are the FHA loan limits in Florida for 2026?
Can I use an FHA loan to buy a multi-family property?
Can I use down payment assistance with an FHA loan?
How long does it take to close an FHA loan?
Your Home Financing Experts
From your first call to your closing day, and thereafter. Skyline Mortgage is with you every step of the way.
Related Reading
FHA vs. Conventional Loan: Which Is Better for Florida Buyers?
A side-by-side comparison of FHA and conventional loans — credit scores, mortgage insurance, and which saves you more.
Read Article →🔑Florida Down Payment Assistance Programs in 2025
Stack DPA programs with your FHA loan to cover your entire down payment and closing costs.
Read Article →✅The First-Time Homebuyer Checklist for Florida
Step-by-step guide from pre-approval to closing day — what to expect at every stage.
Read Article →