Florida Loan Limits / Miami-Dade County
Miami-Dade County, FL · 2026 Loan Limits
Miami-Dade loan limits for 2026.
FHA, conforming, jumbo, and what the gap between the South Florida median and the agency limits actually means at the closing table.
Current Median Sale
$580,000
Redfin · 2026-03 · +1.8% YoY
Conforming 1u
$832,750
Standard conforming
FHA 1u
$667,000
Mid-tier
Days on Market
95
7.1 mo supply
Gap analysis
How Miami-Dade's median compares to the agency caps.
The reference median sale price in Miami-Dade is sitting around $580,000, which lands comfortably below both the FHA Forward 1-unit limit ($667,000, the high-cost tier for the Miami metro) and the FHFA conforming 1-unit limit ($832,750). For a median-priced purchase, you have the full menu in play: FHA, conventional, and VA all work without bumping into a cap.
Where Miami-Dade gets interesting is the long right tail. Waterfront single-family in Coral Gables, Pinecrest, Coconut Grove, and the Beaches routinely sells two to four times the median. Once a purchase price clears the conforming limit, the loan crosses into jumbo: pricing changes, reserves get heavier (12 to 24 months in liquid assets is common), and condo project review tightens up under Fannie's post-Surfside warrantability rules.
For buyers in the $700,000 to $850,000 range, the FHA-versus-conforming decision actually matters here. FHA stops at $667,000 for 1-unit. Conforming runs to $832,750. That ~$165,000 gap is where we see a lot of borrowers either stretch the down payment to fit FHA, switch to conventional, or absorb the higher monthly under FHA mortgage insurance. We size the math on a real scenario in 30 minutes.
Conforming (Fannie / Freddie)
Standard conforming| 1-unit | $832,750 |
| 2-unit | $1,066,250 |
| 3-unit | $1,288,800 |
| 4-unit | $1,601,750 |
FHA Forward (203b)
Mid-tier| 1-unit | $667,000 |
| 2-unit | $853,900 |
| 3-unit | $1,032,150 |
| 4-unit | $1,282,700 |
VA: full-entitlement borrowers have no per-county limit. Partial entitlement uses the conforming 1-unit cap of $832,750. USDA Rural Development: eligibility is mapped per address, not per county. The FHA national floor for 2026 is $541,287 and the ceiling is $1,249,125.
Neighborhoods we close in
FAQ
Miami-Dade financing questions.
Why is the FHA limit higher in Miami-Dade than the national floor?
HUD designates the Miami-Fort Lauderdale-West Palm Beach metro as a high-cost area. The 2026 FHA Forward 1-unit limit for Miami-Dade is $667,000, which is between the national floor of $541,287 and the ceiling of $1,249,125. The figure is calculated as 115% of the area median sales price, capped at the ceiling.
Is the conforming limit for Miami-Dade above the national baseline?
No. Miami-Dade is classified by FHFA as a standard-cost county, so the 2026 conforming 1-unit limit is the national baseline of $832,750. Surrounding South Florida counties (Broward, Palm Beach) are also standard-cost. The high-cost designation in this metro applies only to the FHA side, not conforming.
What about jumbo loans in Miami-Dade?
Anything above $832,750 for a 1-unit purchase here is jumbo. Pricing on jumbo varies by lender and reserve profile but generally sits within an eighth to a quarter point of conforming for full-doc, well-qualified borrowers. Bank-statement and asset-depletion jumbo runs higher. Cash-out jumbo caps at 75% LTV at most lenders here.
How does condo financing work post-Surfside?
Florida SB 4-D requires structural integrity reserve studies for buildings 3+ stories and 30+ years old, and mandates funding milestones. Buildings that haven't complied or are mid-special-assessment often get flagged non-warrantable by Fannie/Freddie, which forces a portfolio jumbo product. We pre-clear the project before locking a rate. There's no point quoting a Fannie loan on a building that won't fly.
Can I use FHA for a 2-4 unit property in Miami-Dade?
Yes, if you'll owner-occupy one of the units. The 2026 FHA limits in Miami-Dade are $853,900 (2-unit), $1,032,150 (3-unit), and $1,282,700 (4-unit). House-hacking a duplex or fourplex on FHA at 3.5% down is one of the strongest entry points for a first-time investor in this market.
What's the play for buyers with VA eligibility?
For full-entitlement VA borrowers, there's no per-county VA loan limit. You can buy at any price the lender will underwrite to, with zero down. Partial-entitlement VA still uses the conforming limit for the guaranty calculation, so the 1-unit $832,750 is the relevant figure for second-tier VA scenarios in Miami-Dade.
Are there down-payment-assistance programs that work here?
The Florida Housing Finance Corporation (FHFC) administers Florida Assist (deferred-payment second up to $10,000), Hometown Heroes (for eligible workforce occupations), and Salute Our Soldiers (military). All three pair with FHA, VA, USDA, or HFA Conventional first mortgages. Income caps apply, set against the county AMI. We confirm fit during pre-approval.
County demographics (Census ACS 2023)
Population
2,685,296
Median Household Income
$68,694
Median Home Value
$425,400
Owner-Occupancy Rate
52%
Buying or refinancing in Miami-Dade?
Send the scenario. We'll run the right limit, the right program, and the right structure: FHA, conforming, jumbo, VA, or first-time buyer DPA. Quote in plain English, no app pull.
County commentary
What South Florida actually feels like right now.
The Miami-Dade housing market has cooled considerably from the 2022 spike. Median days on market is running near 95 (slow), and months of supply has crept past 7. That's a buyer's-market signal in most other metros. Here it sits alongside still-elevated prices because the international buyer base, the cash-driven luxury tier, and the chronic supply constraint at the lower end keep prices from falling much.
Owner-occupancy is unusually low for a major metro: roughly 52 percent of occupied housing is owner-occupied, vs the U.S. average around 65 percent. That's the condo math. Investor-owned condos and second homes drive the rest. For first-time buyers, this means the condo project warrantability question shows up on almost every deal: Fannie Mae and Freddie Mac maintain non-warrantable lists, and post-Surfside the SB 4-D structural reserve study requirement has put dozens of older Miami-Dade buildings into limited-review or non-warrantable status.
For investment buyers: 2-4 unit conforming limits in Miami-Dade go up to $1,601,750 (4-plex). The DSCR product for non-owner-occupied works against rental income at 1.0x to 1.25x debt-service coverage. Foreign-national programs are common here too, but underwriting at non-conforming overlay levels means rate premiums of 75 to 150 bps over conforming.