Davie · Broward FHA
Davie FHA Home Loan
FHA financing for Davie townhomes, family houses, ranch properties and manufactured homes on their own land. The town is unlike its neighbors, and so are some of its FHA questions.
We specialize in Davie FHA home financing.
Davie calls itself a town, and it still has a rural streak: horse trails, ranch-style homes on an acre or more in the west, and a western-themed downtown. East of University Drive it looks more like the rest of Broward, with gated subdivisions, townhomes and the campuses of Nova Southeastern University, Broward College and the university center that brings students and faculty to town. FHA works across all of it, with a few property-specific rules worth knowing.
On Mortgage compares a broad set of FHA lenders, including those comfortable with acreage and manufactured homes. Check all programs on the Davie mortgage rates page or meet our Davie mortgage broker team.
Today’s Davie FHA Mortgage Rate
$374 lender credit
0.125 points
No points, no credit
$672 lender credit
$1,577 lender credit
Par rate per program for a single-family primary residence in Broward County, 20% down, 780+ credit, 30-day lock, escrows included. Rates change through the day and are not a commitment to lend. Price your own Davie scenario, no credit pull.
Davie FHA Loan Benefits: Affordable Homeownership Starts Here
Where FHA really earns its place is with credit scores in the low 600s. Conventional mortgage insurance at that level is expensive, while FHA’s premium does not change with your score. For a buyer with a 620 score purchasing a $480,000 Davie townhome or house today:
| $480,000 purchase, 620 credit | Conventional, 5% down | FHA, 3.5% down |
|---|---|---|
| Down payment | $24,000 | $16,800 |
| Loan amount | $456,000 | $471,306 (includes 1.75% upfront MIP) |
| Today’s rate | 7.375% | 6.599% |
| Principal and interest | $3,149/mo | $3,010/mo |
| Mortgage insurance | $540/mo PMI | $212/mo MIP |
| Total before taxes and insurance | $3,689/mo | $3,222/mo |
| Mortgage insurance ends | When you reach 20% equity (cancellable) | Usually lasts the life of the loan with under 10% down |
Broward owner-occupied pricing at a 620 credit score; mortgage insurance from current premium tables. HOA dues, property tax and insurance are added on top.
Add FHA’s other strengths, a 3.5% minimum down payment, family gifts for the whole amount and seller contributions up to 6%, and the case for FHA at this credit level is strong. As your score improves, refinancing into conventional can remove the mortgage insurance later.
Davie FHA Loans for First-Time Homebuyers
In Davie, the newest owners are often young families who want good schools and more space than the coastal cities offer, or graduate students and new faculty at the area’s universities. For both, FHA’s low down payment and tolerance for a short credit history help. Student loans count in your debt ratio, but FHA uses the actual monthly payment when it is above zero, or 0.5% of the balance when it is not, so income-driven plans can work in your favor.
With homes in Davie averaging about 100 days on the market, sellers are often open to paying closing costs. That keeps the cash needed close to the 3.5% down payment.
On Mortgage: Your Davie FHA Loan Expert
From suburban subdivisions to homes near the town’s preserves, we help first-time buyers and families use FHA well in Davie. Two property types come up here more than elsewhere in Broward.
Manufactured homes on owned land
FHA can finance a manufactured home as real estate when it was built after June 15, 1976, sits on a permanent foundation that meets HUD guidelines, is titled with the land, and you own the lot. Homes in parks where you lease the lot need different financing.
Ranch and equestrian lots
Acreage is fine for FHA if the use is residential. The appraiser values the home and land based on comparable sales, so unusual improvements like arenas may add little value. Wells and septic, common out west, need standard checks.
2026 Davie FHA Loan Limits
Davie is in Broward County, where 2026 FHA limits reach well above the town’s median for a single-family home. Larger ranch properties in the west can exceed them, in which case a conventional or jumbo loan is the better fit.
| Broward County, 2026 | FHA loan limit | Highest price at 3.5% down |
|---|---|---|
| Single-family, condo or townhome | $667,000 | $691,100 |
| Two-unit | $853,900 | $884,800 |
| Three-unit | $1,032,150 | $1,069,500 |
| Four-unit | $1,282,700 | $1,329,200 |
Broward FHA base loan limits, 2026. The highest-price column assumes the minimum 3.5% down.
FHA Financing in Davie
FHA loans make it possible to buy condos, townhomes and houses across Davie with a 3.5% down payment, which suits growing families and first-time buyers looking for value and amenities. Pine Island Ridge offers condos and villas around a golf course, Riverstone and similar gated communities offer newer single-family homes, and the older neighborhoods off Davie Road and Orange Drive offer some of the town’s most affordable houses.
Condo and villa communities need FHA approval; single-family homes in HOAs do not, though the dues still count in your payment. For older homes, an FHA 203(k) can finance needed updates.
Market Snapshot
Davie’s median sale was about $520,000 in mid-2026, with homes needing around 100 days to sell. That gives FHA buyers time to inspect, negotiate and arrange seller help. On Mortgage compares FHA and conventional options for every Davie buyer so the choice is based on real numbers.
Why Choose On Mortgage for Your Davie FHA Loan
Local insight plus FHA experience make the path to a Davie home simpler.
Unusual properties welcome
Acreage, horse property and manufactured homes on owned land.
Credit in the 600s
Lenders that honor FHA’s guidelines without stricter overlays.
Students and faculty
Student loans and new-job income handled correctly.
Frequently Asked Questions: FHA Loans
Can I buy a manufactured home in Davie with an FHA loan?
Yes, if it was built after June 15, 1976, is on a permanent foundation that meets HUD guidelines, is titled as real property and sits on land you own. Homes on leased lots in parks need a different type of financing.
Can FHA finance a Davie horse property?
Yes, when the home is your primary residence and the property is not run as a commercial equestrian business. The appraisal is based on comparable residential sales.
How does FHA count my student loans?
FHA uses the monthly payment on your credit report or loan statement when it is above zero. If the payment shows as zero, FHA uses 0.5% of the outstanding balance.
Is FHA better than conventional with a 620 score?
Usually. At lower scores, conventional mortgage insurance is expensive while FHA’s premium stays the same, so FHA often has the lower payment. The comparison above shows today’s numbers.
What is the FHA limit in Davie for 2026?
In Davie, as across Broward, FHA tops out at $667,000 for one unit in 2026; larger ranch properties often exceed it.
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Start your Davie FHA loan
Townhome, family house, ranch lot or manufactured home on your own land, On Mortgage will check FHA eligibility and compare FHA lenders for you. Call or start online today.