Good news for home and condo buyers with low down payments. FHA loans have new higher limits in 2019 that allow you to get into a few select condos with just 3% down and sometimes more flexible loan terms than conventional loans.
FHA maximim loan limits for single family (including condos) has gone up to $356,500 from last year’s $345,000, which is more than a 3% increase for the year.
2019 FHA Loan Limits in Miami-Dade County
(includes areas CondoBlackBook.com tracks such as:
Miami, Miami Beach, Key Biscayne, Sunny Isles, Aventura)
| One-Family (Homes & Condos) |
Two-Family (Duplexes) |
Three-Family (Triplex) |
Four-Family (Four-plex) | Last Revised | |
|---|---|---|---|---|---|
| NEW FHA LOAN LIMITS EFF 1/2019 | $356,500 | $456,350 | $551,650 | $685,550 | 12/17/2018 |
| Previous FHA Loan Limits | $345,000 | $441,650 | $533,850 | $663,450 | 12/01/2017 |
FHA Approved Condos
| Condo Building | Address | City | Neighborhood | Expiration |
|---|---|---|---|---|
| Brickell on the River South | 31 SE 5th St | Miami | Brickell | 5/31/2019 |
| Key Colony II | 251 Crandon Blvd | Key Biscayne | Key Biscayne | 3/29/2020 |
| Seacoast 5151 | 5151 Collins Ave | Miami Beach | Mid-Beach | 1/31/2019 |
| Toscano Condominium | 7350 and 7355 SW 89th St | Kendall | Downtown Dadeland | 12/11/2019 |
Feel free to contact us to discuss your purchasing and FHA lender options.