Doral ยท Miami-Dade FHA
Doral FHA Home Loan
FHA financing for Doral townhomes, condos and family homes, including the newer communities where FHA has a few extra rules. 3.5% down at 580 or better, priced across many FHA lenders.
We specialize in Doral FHA home financing.
Doral grew up fast. Much of its housing was built in the last three decades: gated townhome communities, mid-rise condos around Downtown Doral and CityPlace Doral, and single-family neighborhoods like Doral Isles and Doral Park. That youth is good news for FHA appraisals, which rarely find the peeling paint and failing systems of older housing. It also means more of the questions FHA asks about new construction and new condo projects.
On Mortgage works with a wide group of FHA lenders and knows which handle Doral’s newer buildings well. See every program’s pricing on our Doral mortgage rates page, or talk with the Doral mortgage broker team about your situation.
Today’s Doral FHA Mortgage Rate
0.162 points
No points, no credit
0.125 points
$672 lender credit
$713 lender credit
Par rate per program for a single-family primary residence in Miami-Dade 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 Doral scenario, no credit pull.
Doral FHA Loan Benefits: Affordable Homeownership Starts Here
FHA’s core benefits apply in Doral as anywhere: a 3.5% minimum down payment at a 580 score, gift funds for the whole down payment, seller contributions up to 6% and flexible debt ratios. What differs is the price point. With the median near $545,000, many Doral buyers are financing a townhome in the mid $400,000s, where the choice between FHA and conventional comes down to credit score. For a buyer with a 690 score on a $470,000 Doral townhome today:
| $470,000 purchase, 690 credit | Conventional, 5% down | FHA, 3.5% down |
|---|---|---|
| Down payment | $23,500 | $16,450 |
| Loan amount | $446,500 | $461,487 (includes 1.75% upfront MIP) |
| Today’s rate | 6.875% | 6.375% |
| Principal and interest | $2,933/mo | $2,879/mo |
| Mortgage insurance | $357/mo PMI | $208/mo MIP |
| Total before taxes and insurance | $3,290/mo | $3,087/mo |
| Mortgage insurance ends | When you reach 20% equity (cancellable) | Usually lasts the life of the loan with under 10% down |
Miami-Dade owner-occupied pricing at a 690 score; mortgage insurance from current premium tables. HOA dues, property tax and insurance are added to both.
If the two come out close, look past the first payment. Conventional mortgage insurance can be cancelled at 20% equity; FHA’s generally stays unless you refinance. FHA, on the other hand, is more forgiving of a recent credit event or a higher debt ratio. We run both on your real numbers.
Doral FHA Loans for First-Time Homebuyers
For first-time buyers, Doral’s appeal is easy to see: newer homes, strong schools including Doral Academy and Ronald Reagan/Doral Senior High, and short commutes to the airport, the warehouse district and the offices along the Palmetto. FHA lets you get there with a smaller down payment and keep savings for furniture, the first insurance renewal and the HOA’s reserve contribution at closing.
Many Doral first-time buyers work for themselves or for family businesses in logistics, import and export, and trade. FHA can work for you with two years of self-employment and tax returns that show the income you need. If deductions shrink your taxable income too far, a bank-statement loan may qualify you more easily, at a higher rate and down payment. We compare both honestly.
On Mortgage: Your Doral FHA Loan Expert
At On Mortgage, we specialize in FHA loans for first-time buyers and families in Doral. From condos near CityPlace to family-friendly subdivisions, local insight helps you make the most of FHA financing in Miami-Dade County, especially with these Doral-specific situations:
New condo projects
A newly completed building must reach FHA approval, including presale and owner-occupancy thresholds, before FHA can lend. Early buyers in a new tower may need conventional financing.
Builder townhomes
Homes built under FHA inspections, or with a 10-year warranty, qualify for full 96.5% financing. Others under a year old cap at 90%.
HOA communities
Dues, and any master association fees, count in your payment. Townhomes in a condominium structure need project approval too.
FHA mortgage insurance on a $470,000 Doral purchase:
| $470,000 purchase | Base loan | Upfront MIP (1.75%, financed) | Monthly MIP | How long MIP lasts |
|---|---|---|---|---|
| 3.5% down | $453,550 | $7,937 | $208 (0.55% a year) | Life of the loan |
| 5% down | $446,500 | $7,814 | $186 (0.50% a year) | Life of the loan |
| 10% down | $423,000 | $7,403 | $176 (0.50% a year) | 11 years |
Premiums for a 30-year FHA loan of this size. Putting 10% down shortens the monthly premium to 11 years.
2026 Doral FHA Loan Limits
Doral is located in Miami-Dade County, which carries the metro area’s higher FHA limits. In 2026 the single-family limit reaches past the citywide median, so most Doral townhomes and many single-family homes fit within FHA.
| Miami-Dade 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 |
FHA base loan limits for Miami-Dade County in 2026; the upfront premium can be financed above them.
FHA Financing in Doral
With just 3.5% down, FHA loans open Doral’s condominiums, townhomes and single-family neighborhoods to first-time buyers and growing families. Doral Park and Costa Verde offer established homes around the golf courses and lakes; Doral Isles and Doral Gardens add gated townhome and single-family communities; Downtown Doral brings walkable condos near shops, parks and the CityPlace Doral district.
Two cautions specific to Doral. Flood zones cover parts of the city, so check the flood map for any address and price the policy early. And because FHA counts every housing cost, a community with a pool, gatehouse and clubhouse can add enough in dues to change your approval amount.
Market Snapshot
Doral’s middle sale price landed near $545,000 by mid-2026, with a typical listing going under contract in roughly 78 days. A balanced market like this gives FHA buyers room to ask sellers for closing-cost help. On Mortgage compares FHA and conventional options so you choose the loan that fits how long you plan to stay.
Why Choose On Mortgage for Your Doral FHA Loan
Local expertise, fast approvals and FHA guidance tailored to Doral’s newer housing help you buy with confidence.
Just 3.5% down
With flexible credit qualifying and gift funds allowed.
Condos, townhomes and homes
Building approval and builder requirements checked before you commit.
Business-owner friendly
FHA when your returns support it, alternatives when they do not.
Frequently Asked Questions: FHA Loans
Can I use FHA on a new construction home in Doral?
Yes. If the home was built under FHA inspections or comes with an approved 10-year warranty, you can finance up to 96.5% of the price. A home less than a year old without either is limited to 90% financing. We confirm which applies with the builder.
Can I buy a condo in a new Doral building with FHA?
Only after the project receives FHA approval, which requires meeting presale, owner-occupancy and budget standards. Some new buildings are approved quickly and others take time. Conventional financing may be an option in the meantime.
I am self-employed in Doral. Can I get an FHA loan?
Usually, with two years of self-employment and tax returns that show enough income. If your deductions reduce your taxable income too much, we can compare a bank-statement loan that uses deposits instead.
What is the FHA loan limit for Doral in 2026?
$667,000 for a single-family home, townhome or condo in Miami-Dade County, with higher limits for two to four units.
Do Doral HOA fees affect my FHA approval?
Yes. FHA counts HOA and any master association dues in your monthly housing payment, so communities with extensive amenities can reduce the loan amount you qualify for.
Our Reviews
What Florida borrowers say after closing with On Mortgage. Five stars on Google (130 reviews) and Zillow (92 reviews).
“Caroline was able to close my loan within 3 weeks and offered a great rate with no points. I was initially working with another bank but I am happy I switched over as the process was smooth. Caroline was very professional and responded quickly.”
“Caroline Da Silva from Miami Mortgage Brokers just got us approved for our first mortgage, and we would definitely work with her again after this experience! From the moment our broker connected us with Caroline, she was always several steps ahead throughout the process. We were impressed that Miami Mortgage Brokers had us clear to close a week early,...”
“Chris was outstanding throughout the entire transaction! Always accessible and was able to provide the best financing option when others could not! I would highly recommend him and hope to do more transactions with him.”
More for Doral borrowers
Nearby in Miami-Dade
Get your Doral FHA quote
Townhome, condo or house, new or resale, On Mortgage will confirm FHA eligibility and price your Doral loan with several FHA lenders. Call or start online today.