FHA Loan Limits in Monroe County, Florida (2026)
In Monroe County, the 2026 FHA loan limit for a one-unit home is $967,150. As a designated high-cost area, Monroe County carries an FHA limit above the national floor of $541,287.
| Property Type | 2026 FHA Loan Limit |
|---|---|
| One-unit (single family) | $967,150 |
| Two-unit (duplex) | $1,238,219 |
| Three-unit (triplex) | $1,496,803 |
| Four-unit (fourplex) | $1,860,145 |
Example FHA payment in Monroe County
Here is an illustrative FHA payment on a $840,000 home with 3.5% down ($29,400), an example 6.25% rate, and a 30-year term. Rates change daily — get notified when they move.
| Payment Component | Monthly |
|---|---|
| Principal & interest (6.25%, 30 yr) | $5,078 |
| FHA mortgage insurance (MIP) | $372 |
| Property taxes (est.) | $735 |
| Homeowners insurance (est.) | $117 |
| Estimated total payment | $6,302 |
How FHA loan limits work in Florida
FHA sets a separate loan limit for every U.S. county each year. The "floor" of $541,287 applies to lower-cost areas, while high-cost metros can go as high as the national ceiling of $1,249,125 for a single-family home. Monroe County's limit reflects local home prices relative to the conforming loan limit set by the FHFA.
If you are buying a two-to-four unit property in Monroe County, FHA limits are higher — $1,238,219 for a duplex and up to $1,860,145 for a fourplex — and you can use FHA financing to "house-hack" by living in one unit and renting the others.
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Frequently Asked Questions
- What is the FHA loan limit in Monroe County for 2026?
- The 2026 FHA loan limit in Monroe County, Florida is $967,150 for a one-unit home, $1,238,219 for a duplex, $1,496,803 for a triplex, and $1,860,145 for a fourplex.
- How much down payment do I need for an FHA loan in Monroe County?
- FHA requires a minimum 3.5% down payment with a credit score of 580 or higher. On a $840,000 home that is about $29,400.
- Is Monroe County a high-cost FHA area?
- Yes. Monroe County is a designated high-cost area, so its FHA limit ($967,150) exceeds the national floor.