Clearwater FHA Home Loan

Clearwater FHA loan

We specialize in Clearwater FHA home financing.

At OnMortgage, we help Clearwater homebuyers secure FHA loans designed for flexibility and affordability. Whether you have limited credit, minimal savings, or are purchasing your first home, an FHA loan could be the ideal solution.

On Mortgage is a leading Clearwater mortgage broker, offering direct access to a wide network of FHA-approved lenders. Unlike local banks that only offer their own limited programs, we compare multiple lending options to find the best match for your credit profile, down payment, and long-term goals—often resulting in lower rates, reduced fees, and better loan terms.

Let OnMortgage guide you through the FHA loan process with expert support from pre-approval to closing—and be sure to check today's Clearwater FHA loan rates to explore your options.

Clearwater FHA Loan Benefits: Affordable Homeownership Starts Here

FHA loans remain one of the most accessible mortgage options for homebuyers in Clearwater, offering low down payments, flexible credit guidelines, and competitive interest rates. Whether you’re purchasing your first home or returning to the market after a financial setback, an FHA loan can help make homeownership more achievable.

At On Mortgage, we specialize in guiding clients through the Clearwater FHA loan process. We stay current with FHA program updates and partner with approved lenders to help you lock in favorable terms. If you’re looking for a government-backed loan with built-in flexibility, an FHA loan in Clearwater may be the right fit—let us walk you through the options and simplify the process from start to finish.

Clearwater FHA Loans for First-Time Homebuyers

Buying your first home in Clearwater? FHA loans are a popular choice for first-time buyers thanks to low down payments, flexible credit requirements, and government backing. With as little as 3.5% down, you can start building equity while keeping more cash in your pocket.

At On Mortgage, we specialize in guiding Clearwater first-time homebuyers through the FHA loan process. From pre-approval to closing, our expert team makes it simple to qualify, find the right property, and secure affordable monthly payments tailored to your budget.

First-time homebuyer using FHA loan in Clearwater

On Mortgage: Your Clearwater FHA Loan Expert

At On Mortgage, we provide FHA loan solutions for first-time buyers and families across Clearwater. From the Gulf coast to neighborhoods near downtown, our local team understands the market, school zones, and lending advantages that matter most in Pinellas County.
FHA home in Clearwater

2025 Clearwater FHA Loan Limits

Clearwater is located in Pinellas County, where 2025 FHA loan limits are set at $524,225 for single-family homes. This makes FHA financing accessible in many Clearwater neighborhoods, including Coachman Ridge, Greenbriar, and Skycrest.

FHA condo loan Clearwater

FHA Condos and Single-Family Homes

FHA loans can be used for approved condos near Clearwater Beach and in walkable areas like Downtown and Island Estates. Buyers can qualify with as little as 3.5% down and take advantage of FHA's flexible credit standards.

FHA approval in Clearwater

Clearwater Market Snapshot – May 2025

The median home value in Clearwater is approximately $354,313, with homes typically going under contract in around 30 days. For first-time buyers, FHA loans provide an affordable entry point into a market with strong demand and coastal appeal.

Why Choose On Mortgage for Your Clearwater FHA Loan

We specialize in helping families and new buyers navigate Clearwater's real estate market with confidence and clarity.
  • 3.5% down FHA loans with flexible credit guidelines
  • FHA-approved condos near Clearwater Beach and Island Estates
  • Neighborhood guidance for areas like Feather Sound, Coachman Ridge, and Greenbriar
  • School zone support for Belleair Elementary, Clearwater High, and Countryside High
  • Local amenities like Coachman Park, Edgewater Park, and the Clearwater Marine Aquarium
From the Intracoastal to inland neighborhoods, On Mortgage is your FHA expert in Clearwater.
Clearwater FHA mortgage support

Frequently Asked Questions – FHA Loans



What is an FHA Loan and How Does it Work?

An FHA loan, insured by the Federal Housing Administration (FHA), is a mortgage designed to make homeownership more accessible. It's especially beneficial for first-time homebuyers, allowing for lower credit scores and a minimum down payment of 3.5%. FHA loans typically include mortgage insurance premiums and are only for primary residences—not for investment or vacation homes.

What are the Minimum Credit Score Requirements for an FHA Loan?

Most borrowers can qualify for an FHA loan with a credit score of 580 and a 3.5% down payment. If your credit score is between 500 and 579, a 10% down payment may be required. Some lenders may allow 100% FHA financing with a score of 620 or higher.

How Much Down Payment is Needed for an FHA Loan?

For borrowers with a credit score of 580 or above, the minimum FHA down payment is 3.5% of the purchase price. Those with scores between 500 and 579 typically need 10% down. Some programs may allow 100% financing with qualifying credit.

What is FHA Mortgage Insurance Premium (MIP)?

FHA loans require two types of mortgage insurance. Upfront Mortgage Insurance Premium (UFMIP) is 1.75% of the loan amount, usually financed into the loan. Annual Mortgage Insurance Premium (MIP) is a monthly fee added to your payment, based on loan amount, term, and loan-to-value ratio.

How Long Do I Pay FHA Mortgage Insurance (MIP)?

If you put down less than 10%, MIP is required for the life of the loan. With 10% or more down, MIP ends after 11 years. You can remove MIP early by refinancing into a conventional loan if eligible.

What are the Debt-to-Income (DTI) Ratio Requirements for an FHA Loan?

FHA loans generally allow a back-end DTI ratio of up to 43%, though higher ratios may be approved with compensating factors like strong credit, cash reserves, or a co-signer.

Do FHA Loans Have Specific Property Requirements or Inspections?

Yes. FHA loans require properties to meet HUD's minimum property standards for safety and livability. An FHA-approved appraiser will conduct an appraisal to ensure the home meets these criteria.

Are There Income Limits for FHA Loans?

No. FHA loans have no income limits. Eligibility is based on your ability to repay the loan, not how much you earn. However, your income must be stable and sufficient to meet monthly mortgage payments.

Can I Use an FHA Loan for an Investment Property or Second Home?

No. FHA loans are only for primary residences. You must plan to occupy the home as your main residence, typically within 60 days of closing. They cannot be used for rental properties or vacation homes.

Can I Get Down Payment Assistance with an FHA Loan?

Yes. FHA loans work well with down payment assistance (DPA) programs offered by state and local agencies. Gift funds from family or approved sources can also be used to cover the down payment and some closing costs.

Our Reviews

We Serve the Entire State of Florida

At On Mortgage, we proudly provide mortgage solutions to homebuyers and investors throughout Florida. Here are some of the cities we serve near Miami, but we aren’t limited to these locations:

• Boca Raton • Boynton Beach • Cape Coral • Clearwater • Coral Springs • Davie • Daytona Beach • Deerfield Beach • Doral • Fort Lauderdale • Hallandale Beach • Hialeah • Hollywood • Homestead • Jacksonville • Kendall • Lauderdale Lakes • Miami • Miami Beach • Miramar • Orlando • Parkland • Pembroke Pines • Pine Hills • Plantation • Pompano Beach • Port Saint Lucie • Saint Petersburg • Sunrise • Tallahassee • Tampa • West Palm Beach • Weston