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.
Quick Answer · 2026 limits, single-family residence
Miami-Dade County is a high-cost area for 2026. Source: FHFA & HUD CHUMS, effective January 1, 2026.
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.
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FAQ
Miami-Dade financing questions.
What is the 2026 conforming loan limit for Miami-Dade County, FL?
The 2026 Fannie Mae and Freddie Mac (FHFA) conforming loan limit for a one-unit single-family residence in Miami-Dade County, Florida is $832,750. This matches the FHFA national baseline. The 2-unit limit is $1,066,250, 3-unit $1,288,800, and 4-unit $1,601,750. Source: FHFA 2026 Conforming Loan Limits announcement (effective January 1, 2026).
What is the 2026 FHA loan limit for Miami-Dade County, FL?
The 2026 FHA Forward loan limit for a one-unit single-family residence in Miami-Dade County, Florida is $667,000. This county is classified by HUD as a high-cost area for 2026, with limits set above the FHA national floor. The 2-unit limit is $853,900, 3-unit $1,032,150, and 4-unit $1,282,700. Source: HUD FHA Single Family Mortgage Limits, calendar year 2026.
Is Miami-Dade County, FL a high-cost area for 2026?
No — Miami-Dade County is at the FHFA national baseline for 2026 conforming loans, with the one-unit limit at $832,750. For FHA loans, HUD also classifies Miami-Dade County as a high-cost area for 2026, with the one-unit FHA limit at $667,000.
What is the difference between FHA and conforming loan limits in Miami-Dade County, FL for 2026?
In Miami-Dade County, FL for 2026 the conforming (Fannie Mae / Freddie Mac via FHFA) one-unit loan limit is $832,750, and the FHA Forward one-unit loan limit is $667,000 — a $165,750 gap. A borrower buying a one-unit primary residence priced between $667,001 and $832,750 cannot use an FHA loan but can still use a conforming loan. FHA allows 3.5% down with a 580+ FICO; conforming typically requires 5% down (3% for some first-time-buyer programs) and a stronger credit profile. FHA also carries upfront MIP (1.75%) plus monthly MIP for the life of the loan on most files; conforming PMI auto-cancels at 78% LTV.
Is Miami-Dade County, FL a high-balance conforming county for 2026?
No. Miami-Dade County is at the FHFA national baseline tier for 2026 conforming loans, not a high-balance / high-cost tier. The one-unit conforming limit is $832,750 — the national baseline. High-balance counties (designated by FHFA based on local median home prices) have conforming limits raised above the baseline up to the high-cost ceiling of $1,249,125. Miami-Dade County's median home prices in 2026 don't qualify it for high-balance designation. In fact, no Florida county is designated high-balance conforming for 2026 — all FL counties sit at the GSE baseline of $832,750.
When does a mortgage become a jumbo loan in Miami-Dade County, FL for 2026?
In Miami-Dade County, Florida, a one-unit single-family residence mortgage becomes a jumbo loan at $832,751 — one dollar above the 2026 FHFA conforming limit of $832,750. The 2-unit jumbo threshold is $1,066,251, 3-unit $1,288,801, and 4-unit $1,601,751. Above these thresholds the loan exits the Fannie Mae / Freddie Mac eligible window and is priced by jumbo lenders on their own portfolio or aggregator standards — typically 10-20% down, 700+ FICO, 6-12 months of reserves, and pricing that varies more by investor than agency loans do.
How much did the loan limit increase in Miami-Dade County, FL from 2025 to 2026?
In Miami-Dade County, FL the 2026 conforming (Fannie / Freddie) one-unit limit rose from $806,500 in 2025 to $832,750 in 2026 — an increase of $26,250 (+3.25%). The 2026 FHA Forward one-unit limit rose from $644,000 in 2025 to $667,000 in 2026 — an increase of $23,000 (+3.57%). FHFA's annual loan-limit adjustment is tied to the year-over-year change in the FHFA Home Price Index for the third quarter; HUD's FHA limits track the FHFA baseline as a floor and use local MSA-level median sales prices for the high-cost tier.
What is the minimum down payment on a $667,000 FHA loan in Miami-Dade County, FL?
On a $667,000 FHA Forward loan in Miami-Dade County, FL — the 2026 one-unit FHA limit — the minimum 3.5% down payment is $23,345. The upfront mortgage insurance premium (UFMIP) of 1.75% adds approximately $11,673, and is typically financed into the loan amount rather than paid at close. Borrowers need a 580+ FICO to qualify for the 3.5% down option; a 500-579 FICO qualifies for FHA but requires a 10% minimum down. Monthly MIP also applies — minimum 11 years on most files, life-of-loan if the original LTV exceeded 90%. Source: HUD Single Family Mortgage Limits 2026, FHA Handbook 4000.1.
What is the maximum FHA, VA, and conforming loan amount in Miami-Dade County, FL for 2026?
For Miami-Dade County, FL in 2026: Conforming (Fannie Mae / Freddie Mac) maximums are $832,750 (1-unit), $1,066,250 (2-unit), $1,288,800 (3-unit), and $1,601,750 (4-unit). FHA Forward maximums are $667,000 (1-unit), $853,900 (2-unit), $1,032,150 (3-unit), and $1,282,700 (4-unit). VA: eligible veterans with full entitlement face no VA-specific dollar cap thanks to the Blue Water Navy Vietnam Veterans Act (2020) — they can finance above any county limit at 100% LTV. The published VA county limit ($832,750 for one-unit, mirroring the FHFA baseline) only applies when the veteran has partial / second-tier entitlement from a prior VA loan. Above the conforming or FHA limits, jumbo financing applies.
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.