FHA Loans · FL
FHA Home Loans in Sarasota, FL
FHA's 3.5% minimum on Sarasota's $485,000 median requires just $16,975 — $7,275 less than a 5% conventional down payment.
3.5% Down
$16,975
Monthly Total
$3,224/mo
2026 FHA Limit
$547,400
Income Needed
$110,902/yr
FHA Limit Covers Sarasota
FHA loan limits in SARASOTA County ($547,400) comfortably cover the Sarasota median home price ($485,000).
Down Payment Comparison
Most Popular
FHA 3.5% Down
$16,975
Lower MIP
FHA 10% Down
$48,500
No PMI
Conventional 20%
$97,000
Monthly Payment Breakdown
| Loan Type | P&I | MIP / PMI | Monthly Total |
|---|---|---|---|
| FHA 3.5% down | $3,010 | $214 | $3,224 |
| Conventional 5% down | — | $268 | $3,256 |
Upfront MIP of $8,190 (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 Sarasota
Low down payment, flexible credit requirements, and DPA stackable programs.