FHA Loans · FL
FHA Home Loans in Destin, FL
With a $625,000 median, the $603,750 FHA limit covers 96.6% of typical Destin purchases — buyers at or above the median may need a larger down payment or conventional financing.
3.5% Down
$21,875
Monthly Total
$4,154/mo
2026 FHA Limit
$603,750
Income Needed
$136,855/yr
FHA Limit Alert
The 2026 FHA loan limit in OKALOOSA County is $603,750. The Destin median home price is $625,000, which is above the FHA limit. Buyers may need to cover the gap with a larger down payment or explore jumbo financing.
Down Payment Comparison
Most Popular
FHA 3.5% Down
$21,875
Lower MIP
FHA 10% Down
$62,500
No PMI
Conventional 20%
$125,000
Monthly Payment Breakdown
| Loan Type | P&I | MIP / PMI | Monthly Total |
|---|---|---|---|
| FHA 3.5% down | $3,878 | $276 | $4,154 |
| Conventional 5% down | — | $346 | $4,197 |
Upfront MIP of $10,554 (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 Destin
Low down payment, flexible credit requirements, and DPA stackable programs.