FHA Loans · FL
FHA Home Loans in Fort Myers, FL
FHA's 3.5% minimum on Fort Myers's $362,000 median requires just $12,670 — $5,430 less than a 5% conventional down payment.
3.5% Down
$12,670
Monthly Total
$2,406/mo
2026 FHA Limit
$541,287
Income Needed
$88,074/yr
FHA Limit Covers Fort Myers
FHA loan limits in LEE County ($541,287) comfortably cover the Fort Myers median home price ($362,000).
Down Payment Comparison
Most Popular
FHA 3.5% Down
$12,670
Lower MIP
FHA 10% Down
$36,200
No PMI
Conventional 20%
$72,400
Monthly Payment Breakdown
| Loan Type | P&I | MIP / PMI | Monthly Total |
|---|---|---|---|
| FHA 3.5% down | $2,246 | $160 | $2,406 |
| Conventional 5% down | — | $200 | $2,430 |
Upfront MIP of $6,113 (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 Fort Myers
Low down payment, flexible credit requirements, and DPA stackable programs.