Melbourne Florida mortgage loans sit on the $541,287 FHA floor, and on the Space Coast the VA loan is often the strongest option on the table.
Written by Renzo Johnson, Licensed Mortgage Loan Originator · Figures from HUD and the FHFA · Last updated: August 2026
Brevard County carries a large defence and aerospace workforce, and a meaningful share of buyers here have served. That matters financially, because no other programme matches what VA offers a qualifying borrower.
What you can borrow in Brevard County
- FHA on a single family home: $541,287, the standard 2026 floor
- FHA on a duplex: $693,050, for an owner-occupied two-unit purchase
- Conforming: $832,750, and above that a loan becomes jumbo
Why VA usually wins here
A VA loan asks nothing down on full entitlement and charges no monthly mortgage insurance, which is the combination no other programme offers. Instead of monthly insurance there is a one-time funding fee, and a veteran with a service-connected disability rating is exempt from it entirely.
VA also sets no formal debt-to-income cap. It uses a residual income test instead, which frequently approves a borrower that FHA or conventional underwriting would decline. Our VA loans page covers entitlement and the Florida VA benefits page covers the state property tax relief that goes with it.
Assistance for Melbourne mortgage loans
Brevard County does not administer its own down payment programme, so the statewide awards carry the load. Notice that veterans and active-duty buyers skip the first-time buyer requirement on Hometown Heroes, which widens who can use it.
- Hometown Heroes: up to $35,000 for full-time workers in 50+ eligible occupations
- Florida Assist: up to $10,000 as a 0% deferred second mortgage
- HFA Preferred: a conventional loan with reduced mortgage insurance
- Mortgage Credit Certificate: up to $2,000 a year as a federal tax credit
Coastal insurance still applies
Melbourne sits on the Atlantic side, so windstorm and flood premiums belong in the budget from the start. Insurance sits inside PITIA, therefore it reduces what a given income can borrow before you have picked a house.
How to get started
First order your Certificate of Eligibility if you have served, since it decides your entitlement. Then get pre-qualified. Finally, request a free Melbourne mortgage quote and we will compare VA against FHA and conventional on the same file.
Sources: HUD Mortgagee Letter 2025-23 and the FHFA 2026 conforming loan limit, with programme terms from the Florida Housing Finance Corporation and the Department of Veterans Affairs.