FHA Loans · FL
FHA Home Loans in Panama City Beach, FL
FHA's 3.5% minimum on Panama City Beach's $452,000 median requires just $15,820 — $6,780 less than a 5% conventional down payment.
3.5% Down
$15,820
Monthly Total
$3,004/mo
2026 FHA Limit
$541,287
Income Needed
$104,762/yr
FHA Limit Covers Panama City Beach
FHA loan limits in BAY County ($541,287) comfortably cover the Panama City Beach median home price ($452,000).
Down Payment Comparison
Most Popular
FHA 3.5% Down
$15,820
Lower MIP
FHA 10% Down
$45,200
No PMI
Conventional 20%
$90,400
Monthly Payment Breakdown
| Loan Type | P&I | MIP / PMI | Monthly Total |
|---|---|---|---|
| FHA 3.5% down | $2,805 | $199 | $3,004 |
| Conventional 5% down | — | $250 | $3,035 |
Upfront MIP of $7,633 (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 Panama City Beach
Low down payment, flexible credit requirements, and DPA stackable programs.