Miami mortgage loans run against the highest FHA limit in mainland Florida, $667,000, and Miami-Dade stacks three layers of down payment assistance on top.
Written by Renzo Johnson, Licensed Mortgage Loan Originator · Figures from HUD, the FHFA and Miami-Dade County · Last updated: August 2026
Because Miami-Dade sits in the Miami metro, it carries a higher FHA ceiling than most of the state. That single fact changes which loan type makes sense here, and it is where any conversation about Miami mortgage loans should start.
What you can borrow in Miami-Dade County
| Loan type | 2026 limit in Miami-Dade | Why it matters |
|---|---|---|
| FHA, single family | $667,000 | $125,713 above the $541,287 floor that covers 51 Florida counties |
| FHA, duplex | $853,900 | Owner-occupied two-unit purchases stay inside FHA pricing |
| Conforming | $832,750 | The 2026 baseline, above which a loan becomes jumbo |
Notice the gap between the two ceilings. A buyer at $700,000 is above the FHA limit but still conforming, so a conventional loan is usually the cheaper route. Check your figure against the 2026 Florida FHA loan limits before you assume FHA is the answer.
Down payment assistance in Miami-Dade
- Homebuyer Down Payment Assistance: up to $35,000, 0% interest and deferred for 30 years
- Documentary Surtax Program: up to $30,000 as a 0% deferred second mortgage
- HFA of Miami-Dade: up to $10,000, also deferred and zero interest
- Hometown Heroes: up to $35,000 statewide, which stacks on the county money
County income caps run from roughly $95,620 for one person to $136,500 for a household of four. Full terms sit on our Miami-Dade down payment assistance page.
Two costs that surprise Miami buyers
Miami-Dade is one of four Florida counties where the buyer, not the seller, customarily pays for the owner’s title policy. Budget for it. Second, condo financing turns on whether the building is warrantable, and a non-warrantable building narrows your lender list sharply.
Flood zone also drives the insurance quote, and insurance sits inside the ratio that decides your loan size. Read Florida flood insurance before you make an offer near the water.
How to get started
Get pre-qualified first, because Miami sellers rarely take an offer without a letter. We work in English and Spanish, hablamos Español, and we place FHA, VA, USDA, conventional and jumbo files across Miami-Dade. Request a free Miami mortgage quote and we will match the county assistance against the statewide programs.
Sources: HUD and the FHFA 2026 loan limits, Miami-Dade Public Housing and Community Development, and the Florida Housing Finance Corporation. Local funding is allocated in cycles; verify current terms with the administering office.