Mortgage Broker in Florida City, FL

Short answer

Florida City's median house sold for $446,500 in Q3 2026 and its median townhouse or condo for $375,000, both well under the $667,000 Miami-Dade FHA limit, so FHA with 3.5% down and county down payment help can work here. QMS Lending is an independent mortgage broker that compares Florida City purchases and refinances across 100+ lenders, in English and Spanish.

What homes cost in Florida City right now

Florida City recorded 23 single-family sales in Q3 2026 at a median of $446,500, down 22.3% from a year earlier, and 48 townhouse and condo sales at a median of $375,000, down 3.8%, per Florida Realtors data published by MIAMI REALTORS on October 16, 2026 (as of November 2026). Townhouses and condos were about 68% of sales.

Unlike the beaches, almost everyone here finances: none of the 48 townhouse and condo buyers paid cash, and only 2 of 23 house buyers did. Townhouses and condos went under contract in a median of 24 days, with 7.4 months of supply. Houses sat longer, a median of 62 days, with 11.8 months of supply, so house buyers have room to ask for seller credits toward closing costs.

Florida City is the southernmost city in Miami-Dade, incorporated in 1914, with 13,085 residents in the 2020 census. It sits where the Florida Turnpike ends at US 1, at the gateway to Everglades National Park and the road to the Keys, next to Homestead and the farm country of the Redland.

FHA, conventional and VA at Florida City prices

The 2026 Miami-Dade FHA 1-unit limit is $667,000 and the conforming limit is $832,750 (as of November 2026). Both medians sit far below them.

• FHA at the median house: 3.5% down on $446,500 is $15,628, for a loan of about $430,873. FHA works with the 3.5% minimum up to a price of about $691,000.
• FHA at the median townhouse: 3.5% down on $375,000 is $13,125, loan $361,875. The townhouse or condo community has to be FHA-approved, or the unit has to qualify on its own.
• Conventional: 3% to 5% down for eligible buyers, with PMI that can come off later.
• VA loans: 0% down for eligible veterans and service members; Homestead Air Reserve Base is next door.

Buyers with an ITIN instead of a Social Security number can look at ITIN loans, and self-employed buyers can use bank statement loans. See our Homestead FHA page for the same math one city north.

Down payment help for Florida City buyers

Florida City prices fit the county programs better than almost anywhere else in Miami-Dade (as of November 2026):

• Miami-Dade Homebuyer Down Payment Assistance: up to $35,000 as a 0% deferred loan for first-time buyers under county income caps (for example, under $136,500 for a family of four), with 1% of the price from your own funds and HUD-certified counseling. If you sell within 6 years, the county shares in the profit.
• MDEAT Homeownership Assistance Program: up to $28,500 at or below 80% of area median income, or $14,500 up to 140%, forgiven after 20 years of living in the home. Subject to funding.
• Florida Hometown Heroes: up to 5% of the first mortgage ($10,000 to $35,000) for eligible first-time buyers in jobs such as teaching, health care and public safety. See our Hometown Heroes guide.

The Florida City CRA, created in 1995 and extended to 2055, lists affordable and workforce housing among its goals but does not post a homebuyer grant amount online, so ask the city what is open before you count on it. Combined loan-to-value on the county programs is capped at 105%. Our first-time buyer guide for Homestead covers how these stack.

USDA rural loans come up often this far south. Eligibility depends on the exact address on the USDA map, which we check for you; see USDA loans in Florida.

Florida City property taxes in 2025

Florida City's 2025 adopted total millage is 21.4531 mills, about 2.15% of taxable value, per the Miami-Dade Property Appraiser's millage chart (as of November 2026). The city's operating rate is 6.4304, and Florida City is in both the county Fire Rescue (2.3965) and library (0.2812) districts, on top of county 4.5740 plus 0.4171 debt, school board 6.6330 in total, the Children's Trust 0.4638 and water district levies.

On a $446,500 house that is about $9,580 a year before the homestead exemption. Newer subdivisions may add community development district assessments on the tax bill, so check the parcel before you set your budget. The Save Our Homes cap resets when you buy.

Flood, wind and insurance

Florida City is low and flat, and Miami-Dade maps include AE and AH zones, where a federally backed loan requires flood insurance, alongside lower-risk X zones. The county's effective FEMA maps date from September 11, 2009, with preliminary new maps published in 2021 (as of November 2026). Look up the address on the county flood zone map or the FEMA Flood Map Service Center, and read what a flood zone means for your loan.

Hurricane Andrew hit Florida City and Homestead hard in 1992, and insurers still price wind risk closely this far south. A wind mitigation report documenting roof straps, shutters or impact windows can lower the windstorm premium, and older homes usually need a 4-point inspection. Townhouse communities often carry HOA dues that lenders count in your payment.

Working with QMS Lending in Florida City

QMS Lending is an independent mortgage broker in Miami, FL, founded in 2018 (NMLS #1781090). We compare your file across 100+ wholesale lenders instead of one bank's menu, and most of the process runs on e-sign and phone.

The team is bilingual (English and Spanish), led by Michael Fernandez, NMLS #1491775, President, and rated 4.9 stars across 200+ Google reviews. Rates vary daily; call 305-425-1990 for today's pricing. Subject to credit approval and property eligibility. Equal Housing Opportunity.

Down payment help for Florida City buyers

• Florida City Community Redevelopment Agency (CRA) Created in 1995 with Miami-Dade County and extended to 2055; its stated housing role is encouraging affordable and workforce housing. It does not post a homebuyer grant amount online; call the City at 404 W Palm Drive to ask what is open. ↗
• Miami-Dade County Homebuyer Down Payment Assistance Up to $35,000 as a 0%, deferred loan of up to 30 years with shared equity if you sell within 6 years; first-time buyers, county income caps (for example under $136,500 for a family of four), 1% of the price from your own funds, fixed-rate first mortgage only. 786-469-2209. ↗
• Miami-Dade Economic Advocacy Trust (MDEAT) Homeownership Assistance Program Up to $28,500 at or below 80% AMI, $14,500 above 80% and up to 140% AMI; 0%, no monthly payment, forgiven after 20 years of owner occupancy; 1% or 3% own funds. Subject to funding. ↗
• Florida Hometown Heroes Up to 5% of the first mortgage ($10,000 minimum, $35,000 maximum) as a 0%, 30-year deferred second, not forgivable; first-time, income-qualified buyers working full time for a Florida employer in eligible jobs, plus military and veterans. ↗

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