Our advice is based on experience in the mortgage industry and we are dedicated to helping you achieve your goal of owning a home. We may receive compensation from partner banks when you view mortgage rates listed on our website.
Find the mortgage loan limits for any U.S. address
2023 Mortgage Loan Limits for Miami-Dade County, Florida
Conforming Loans
FHA Loans
Property Type
2023 Loan Limit
1-Unit Homes
$726,200
2-Unit Homes
$929,850
3-Unit Homes
$1,123,900
4-Unit Homes
$1,396,800
Property Type
2023 Loan Limit
1-Unit Homes
$557,750
2-Unit Homes
$714,000
3-Unit Homes
$863,100
4-Unit Homes
$1,072,600
Source: Federal Housing Finance Agency; Federal Housing Administration
Miami-Dade County, Florida, mortgage loan limits apply in:
Miami-Dade County 2023 mortgage loan limits include the following cities: Aventura, Bal Harbour, Bay Harbor Islands, Biscayne Park, Brownsville, Coral Gables, Coral Terrace, Country Club, Country Walk, Cutler Bay, Doral, El Portal, Fisher Island, Florida City, Fountainebleau, Gladeview, Glenvar Heights, Golden Beach, Golden Glades, Goulds, Hialeah, Hialeah Gardens, Homestead, Homestead Base, Indian Creek, Ives Estates, Kendale Lakes, Kendall, Kendall West, Key Biscayne, Leisure City, Medley, Miami, Miami Beach, Miami Gardens, Miami Lakes, Miami Shores, Miami Springs, Naranja, North Bay Village, North Miami, North Miami Beach, Ojus, Olympia Heights, Opa-locka, Palmetto Bay, Palmetto Estates, Palm Springs North, Pinecrest, Pinewood, Princeton, Richmond Heights, Richmond West, South Miami, South Miami Heights, Sunny Isles Beach, Sunset, Surfside, Sweetwater, Tamiami, The Crossings, The Hammocks, Three Lakes, Virginia Gardens, Westchester, West Little River, West Miami, West Perrine, Westview, Westwood Lakes
What is a mortgage loan limit?
Mortgage loan limits are the upper boundaries for how much a home buyer can borrow on a mortgage. Loan limits vary by county and home type.
The Federal Housing Finance Agency (FHFA) sets mortgage loan limits for conforming mortgages and the Federal Housing Administration (FHA) sets loan limits for FHA mortgages. In Miami-Dade County, the 2023 conforming mortgage loan limit for a 1-unit home is $726,200. The 2023 FHA mortgage loan limit for a 1-unit home is $557,750.
Conforming and FHA mortgage loan limits change annually to reflect changes in local and national home values. Loans that exceed conforming loan limit sizes are commonly called jumbo mortgages. As of 2023, there are no mortgage loan limits for VA loans or USDA loans.
Is Now A Good Time To Buy A House [September 2023]
Video Length: 10:25
Mortgage Loan Limits Near Miami-Dade County, Florida
Get 2023 conforming and FHA mortgage loan limits for the areas surrounding Miami-Dade County, Florida. Local loan limits and county-level mortgage data updated regularly.
Historical Charts: Mortgage Loan Limits in Miami-Dade County, Florida
Mortgage loan limits adjust annually to match changes in U.S. home values. As home values go up or down in Miami-Dade County, so do the local loan limits. Changes in mortgage loan limits promote affordable homeownership, fair lending, and a balanced housing market.
Conforming Loans
FHA Loans
Mortgage Statistics from Miami-Dade County, Florida
Mortgage statistics for Miami-Dade County, sourced from the Home Mortgage Disclosure Act (HMDA) database, maintained by the Federal Financial Institutions Examination Council (FFIEC). The HMDA database contains detailed, anonymous loan data and provides insight into home buyer traits, mortgage borrowing patterns, and mortgage approval rates. Percentages may not total 100% due to rounding.
Miami-Dade County, Florida (2018-2022)
Loan Type
Relative Share
Conventional
71.64%
FHA
25.14%
VA
3.22%
USDA
0.00%
Property Type
Relative Share
1-Unit Homes
98.42%
2-Unit Homes
1.34%
3-Unit Homes
0.11%
4-Unit Homes
0.13%
Borrower Status
Relative Share
One Borrower
13.99%
Two or More Borrowers
86.01%
Gender
Relative Share
Male
53.23%
Female
27.66%
Not Specified
19.11%
Race
Relative Share
American Indian / Alaska Native
0.23%
Asian
2.07%
Black / African American
6.44%
Native Hawaiian / Other Pacific Islander
0.11%
White
89.93%
Other
1.23%
Ethnicity
Relative Share
Hispanic or Latino
72.54%
Not Hispanic or Latino
24.32%
Miami-Dade County data represents closed-end, first-lien purchase mortgages for residential properties, 1-4 units, for the 5-year period 2018-2022. Source: FFEIC Home Mortgage Disclosure Act
Mortgage Statistics Near Miami-Dade County, Florida
Get mortgage statistics for the areas surrounding Miami-Dade County, Florida.
See Today’s Mortgage Rates in Miami-Dade County, Florida
Homebuyer.com is the mortgage company for first-time home buyers. Check your eligibility for first-time home buyer programs and look at today's low down-payment mortgages. Get pre-approved online in just three minutes.
![Is Now A Good Time To Buy A House [September 2023]](https://homebuyer.com/wp-content/plugins/wp-youtube-lyte/lyteCache.php?origThumbUrl=https%3A%2F%2Fi.ytimg.com%2Fvi%2FsaZLvIuk6RI%2F0.jpg)
