FHA Loans · FL
FHA Home Loans in St. Petersburg, FL
FHA's 3.5% minimum on St. Petersburg's $415,000 median requires just $14,525 — $6,225 less than a 5% conventional down payment.
3.5% Down
$14,525
Monthly Total
$2,758/mo
2026 FHA Limit
$541,287
Income Needed
$97,897/yr
FHA Limit Covers St. Petersburg
FHA loan limits in PINELLAS County ($541,287) comfortably cover the St. Petersburg median home price ($415,000).
Down Payment Comparison
Most Popular
FHA 3.5% Down
$14,525
Lower MIP
FHA 10% Down
$41,500
No PMI
Conventional 20%
$83,000
Monthly Payment Breakdown
| Loan Type | P&I | MIP / PMI | Monthly Total |
|---|---|---|---|
| FHA 3.5% down | $2,575 | $183 | $2,758 |
| Conventional 5% down | — | $229 | $2,786 |
Upfront MIP of $7,008 (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 St. Petersburg
Low down payment, flexible credit requirements, and DPA stackable programs.