| FHA Loans in Florida
Flexible Home Financing With Easier Qualification
An FHA loan is a mortgage insured by the Federal Housing Administration and designed to make homeownership more accessible. FHA loans are especially popular with first-time buyers, borrowers with lower credit scores, or buyers who prefer lower upfront costs.
At Mid Florida Mortgage Professionals, owner Rayce Robinson helps homebuyers in Oviedo, Central Florida, and across the state of Florida determine whether an FHA loan is the right fit for their financial situation and long-term goals.
What Is aN FHA LOAN?
FHA loans are government-backed mortgages that offer more flexible guidelines than many conventional loans. Florida buyers often choose FHA financing because it offers:
Low down payments — as little as 3.5% with qualifying credit
More forgiving credit requirements
Flexible debt-to-income ratios
Competitive interest rates
Ability to use gift funds for down payment and closing costs
FHA loans can be used for primary residences only, making them ideal for buyers who plan to live in the home full-time.
Whether you’re buying in Oviedo, Orlando, Winter Park, Sanford, Lake Mary, or anywhere in Florida, Rayce Robinson will walk you through the FHA process step by step.
FHA Loan FAQs
How much do I need for a down payment on an FHA loan in Florida?
The minimum down payment for an FHA loan is 3.5%, provided you meet the credit requirements.
Many buyers are surprised to learn that all of the down payment can come from gift funds, including from family members or approved sources. Personal savings are not always required.
Is an FHA loan only for first-time homebuyers?
No. FHA loans are available to both first-time and repeat buyers.
That said, FHA loans are especially helpful for:
⦿ First-time buyers
⦿ Buyers rebuilding credit
⦿ Borrowers with limited savings
⦿ Buyers who want easier qualification standards
If you’ve owned a home before, you may still qualify for FHA financing as long as the property will be your primary residence.
What are FHA mortgage insurance costs?
FHA loans require two types of mortgage insurance:
1. Upfront Mortgage Insurance Premium (UFMIP)
Typically 1.75% of the loan amount, which can often be rolled into the loan.
2. Annual Mortgage Insurance Premium (MIP)
Paid monthly and required for the life of the loan in most cases.
Because FHA mortgage insurance does not automatically cancel, many Florida homeowners later refinance into a conventional loan once they have enough equity and improved credit.
Can I refinance an FHA loan in Florida?
Yes. FHA borrowers often refinance when:
⦿ Their credit score improves
⦿ Their home value increases
⦿ They want to remove FHA mortgage insurance
⦿ Interest rates become more favorable
Our team can review your current loan, equity, and goals to determine whether refinancing into a conventional loan or another program makes sense.
Can FHA closing costs be covered?
Yes. FHA buyers in Florida may reduce or cover closing costs through:
⦿ Seller concessions (up to FHA limits)
⦿ Lender credits in exchange for a slightly higher rate
⦿ Gift funds from approved sources
⦿ Florida down payment assistance programs (availability varies by county)
Your loan strategy will depend on market conditions and your overall financial profile.
FHA LOANS VS. Conventional Loans: Quick COMPARISON
Conventional Loan May Be Better If:
You have strong or excellent credit
You want mortgage insurance that can be removed
You want lower long-term fees
You have more flexibility with down payment
FHA Loan May Be Better If:
You have lower or limited credit
You need a low down payment option
You want easier qualification guidelines
You are a first-time buyer
Our team will help you compare both options and choose the loan that best aligns with your goals.
GET STARTED WITH AN FHA LOAN IN FLORIDA
An FHA loan can be a powerful stepping stone to homeownership. Whether you’re buying your first home or getting back into the market, Mid Florida Mortgage Professionals is here to guide you every step of the way.
📍 Serving Oviedo, Central Florida, and homebuyers statewide
📞 Clear guidance, flexible options, and personalized service
Contact Rayce Robinson today to explore FHA loan options in Florida.
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Our clients are at the center of everything we do. Their experiences reflect our dedication to clear guidance, trusted mortgage expertise, and a home-financing experience built around care and understanding.
Contact Info
We’re here to make your home financing experience smooth and stress-free. Contact our team anytime — we’re ready to guide you through every step of your homebuying journey.
Location
235 S Central Ave, Oviedo Florida 32765
Phone
Mid Florida Mortgage Professionals
Company NMLS# 1587074
Rayce Robinson
LO NMLS # 322615
235 South Central Ave
Oviedo, Florida 32765
© 2026 Mid Florida Mortgage Professionals. All rights reserved. Mid Florida Mortgage Professionals is not affiliated with any government agencies. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Equal Housing Opportunity. NMLS Consumer Access
