Coral Springs FHA Loan Solutions with Competitive Terms

Coral Springs FHA loan

We specialize in Coral Springs FHA home financing.

At OnMortgage, we help Coral Springs 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 Coral Springs 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 Coral Springs FHA loan rates to explore your options.

Coral Springs FHA Loan Benefits: Affordable Homeownership Starts Here

FHA loans remain one of the most accessible mortgage options for homebuyers in Coral Springs, 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 Coral Springs 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 Coral Springs may be the right fit—let us walk you through the options and simplify the process from start to finish.

Coral Springs FHA Loans for First-Time Homebuyers

Buying your first home in Coral Springs? 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 Coral Springs 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 Coral Springs

On Mortgage: Your Coral Springs FHA Loan Expert

At On Mortgage, we specialize in FHA loans designed for first-time buyers and families in Coral Springs. Our local team understands the market, schools, parks, and neighborhood trends that make this Broward County city uniquely appealing.
FHA home in Coral Springs

2025 Coral Springs FHA Loan Limits

In 2025, Broward County FHA loan limits are set at $654,350 for single-family homes, rising to $837,700 for duplexes, $1,012,550 for triplexes, and $1,258,400 for four-unit properties.

FHA condo loan Coral Springs

FHA Financing in Coral Springs

Buyers can use FHA loans for condos and single-family homes with just 3.5% down. Popular FHA-friendly areas include city‑center condos, family neighborhoods like Parkwood and Holiday City, and townhomes across the city.

FHA approval in Coral Springs

May 2025 Market Snapshot

As of May 2025, the median sold price in Coral Springs is around $596,250, up 7.6% year-over-year. Homes currently take about 70 days to sell—reflecting a steady, balanced market ideal for FHA buyers.

Why Choose On Mortgage for Your Coral Springs FHA Loan

We bring local knowledge, fast approvals, and tailored mortgage guidance for Coral Springs families and first-time homeowners.
  • Only 3.5% down with flexible credit standards
  • Assistance finding FHA‑approved condos and homes in Parkwood, Sonoma, Holiday City, and Coral Springs Drive
  • Guidance on top schools: Forest Hills Elementary, Country Hills Elementary, Coral Springs High
  • Neighborhood tours for city‑center, Cypress Run, and Fountain Springs
  • Parks & trails: Canal Park, Mullins Park, and bike trails along the Coral Springs Drive corridor
Whether you prefer a condo, townhouse, or single-family home, On Mortgage helps Coral Springs borrowers get FHA-ready.
Coral Springs FHA mortgage support

Apply Now for a Coral Springs FHA Loan with On Mortgage

Thinking of buying in Coral Springs? Whether you're aiming for a home near top schools or a condo in the city center, start your FHA loan application today with our local specialists.

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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.

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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