Miami-Dade County, FL Conforming Loan Limit — 2026
2026 FHFA conforming loan limit for Miami-Dade County.
2026 Conforming Limit: $806,500
Source: FHFA. Data as of 2025-01-15.
2026 Loan Limits — Miami-Dade County, FL
| Limit Type | 2026 Limit | Note |
|---|---|---|
| FHA Loan Limit (1-unit) | $621,000 | Max loan for FHA-insured mortgage |
| Conforming Loan Limit (1-unit) | $806,500 | Fannie Mae / Freddie Mac eligible |
Source: HUD / FHFA. Data as of 2025-01-15.
Local Home Values & Affordability
With a median home value of $560,000, Miami-Dade County is 81% above the national median of $310,000 — placing it firmly in premium territory where careful loan-type selection matters.
Among the Florida counties we track, Miami-Dade County is one of the most expensive — comparable to Broward County ($490,000).
A 20% down payment on a median Miami-Dade County home requires $112,000 in cash — or $19,600 for an FHA-minimum 3.5% down payment. Buyers with less than 20% down will also need to budget for PMI or FHA MIP.
Property Tax in This Market
Based on the 0.96% effective rate and a median home value of $560,000, a typical homeowner in Miami-Dade County pays approximately $5,376 in annual property taxes — or $448 per month added to their mortgage payment.
Miami-Dade County's property tax rate of 0.96% is close to the national average of 1.10%. On a median-priced home of $560,000, expect an annual tax bill of approximately $5,376.
Sources: Tax Foundation 2025
Homeowners Insurance Costs
Homeowners insurance in Miami-Dade County averages around $5,500/year ($458/month) — roughly 244% above the national average of $1,600.
Premium quotes in Miami-Dade County typically range from $3,500 to $9,000 per year depending on home age, construction type, coverage limits, and your insurer. Always get multiple quotes.
Sources: NAIC 2024
Loan Limits & Financing Options
A buyer purchasing the median Miami-Dade County home ($560,000) with FHA's minimum 3.5% down would borrow $540,400 — well within the $641,250 baseline FHA limit for this county. FHA financing is a viable option for most buyers here.
With 20% down on a median-priced home, the loan amount of $448,000 stays $384,750 below the $832,750 conforming limit — giving buyers access to conventional Fannie/Freddie pricing without jumbo underwriting.
Sources: HUD ML 2025-23, FHFA 2026
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