Government-Backed. Buyer-Friendly.
An FHA loan is a government-insured mortgage that can help Miami buyers purchase a primary residence with as little as 3.5% down when credit and other requirements are met. Both first-time and repeat buyers can apply. FHA loans require mortgage insurance; Quest Mortgage Services helps compare the payment, cash to close, and property eligibility.
Get a Free Mortgage ConsultationDown payment as low as 3.5%
Credit scores starting at 580 (lower with compensating factors)
Gift funds allowed for down payment
Higher debt-to-income ratios accepted
Available for primary residences across Miami-Dade
Can be combined with down payment assistance programs
Tell us about your credit, income, and the property you have in mind.
We confirm FHA eligibility and run the numbers on payment and cash to close.
Get pre-approved with a personalized loan estimate.
We manage appraisal, FHA case number, and underwriting through closing day.
Eligibility
Minimum 580 credit score for 3.5% down (500–579 may qualify with 10% down)
Steady employment history — typically 2 years documented
Property must be your primary residence
Debt-to-income ratio generally up to 50% with compensating factors
Loan amount within the Miami-Dade FHA limit set by HUD ($667,000 for 1-unit in 2026)
Property must meet FHA minimum property standards
The Process
We confirm credit, income, and FHA limits for your area.
Get a written FHA pre-approval letter within 48 hours.
We order the FHA-specific appraisal once you're under contract.
Underwriting, clear-to-close, and keys in hand — usually 25–35 days.
FAQ
3.5% with a credit score of 580 or higher. If your score is 500–579, you'll need 10% down. The down payment can come from your savings, a gift from family, or an approved assistance program.
For 2026, the FHA loan limit for a single-family (1-unit) home in Miami-Dade County is $667,000, per HUD's 2026 limits (Mortgagee Letter 2025-23, effective for case numbers assigned on or after January 1, 2026). Limits are higher for 2-, 3-, and 4-unit properties. You can confirm current limits on HUD's official FHA Mortgage Limits lookup: https://entp.hud.gov/idapp/html/hicostlook.cfm
Yes. FHA loans require an upfront mortgage insurance premium (1.75% of the loan, financeable) and an annual premium paid monthly. We'll show the exact cost in your loan estimate. Official HUD premium structure: https://answers.hud.gov/FHA/s/article/What-is-the-FHA-Mortgage-Insurance-Premium-structure-for-forward-mortgage-loans
Yes, if the condo project is FHA-approved or qualifies for single-unit approval. Many Miami buildings are eligible — we verify project status before you write an offer.
Absolutely. FHA offers a streamline refinance with reduced documentation, and you can also refinance into a Conventional loan to drop mortgage insurance once you've built enough equity.
Get In Touch
Have a question about buying, refinancing, or which program fits your situation? Reach out for a free consultation — Frank responds personally.
Phone
(305) 299-6995Office
3105 NW 107th Ave, Suite 400-H5, Miami, FL 33172