FHA Loans · FL
FHA Home Loans in Clearwater, FL
FHA's 3.5% minimum on Clearwater's $402,000 median requires just $14,070 — $6,030 less than a 5% conventional down payment.
3.5% Down
$14,070
Monthly Total
$2,671/mo
2026 FHA Limit
$541,287
Income Needed
$95,469/yr
FHA Limit Covers Clearwater
FHA loan limits in PINELLAS County ($541,287) comfortably cover the Clearwater median home price ($402,000).
Down Payment Comparison
Most Popular
FHA 3.5% Down
$14,070
Lower MIP
FHA 10% Down
$40,200
No PMI
Conventional 20%
$80,400
Monthly Payment Breakdown
| Loan Type | P&I | MIP / PMI | Monthly Total |
|---|---|---|---|
| FHA 3.5% down | $2,494 | $177 | $2,671 |
| Conventional 5% down | — | $222 | $2,698 |
Upfront MIP of $6,788 (1.75%) is typically rolled into the loan balance.
Down Payment Assistance
Florida's Hometown Heroes program provides up to $35,000 in DPA for eligible workers, compatible with FHA. Income limits and occupational requirements apply; combine with FHA for maximum affordability.
Hometown Heroes: Florida's Hometown Heroes program offers up to $35,000 in DPA for eligible teachers, first responders, healthcare workers, and other frontline professionals.
FAQs
Get pre-approved for an FHA loan in Clearwater
Low down payment, flexible credit requirements, and DPA stackable programs.