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Lauderdale Lakes · FHA at Broward’s lowest prices
Lauderdale Lakes FHA Home Loan
At a median near $150,000, an FHA down payment in Lauderdale Lakes can be about $5,000. Here is what the monthly payment really looks like, and how to find an FHA lender that wants a loan this size.
We specialize in Lauderdale Lakes FHA home financing.
Lauderdale Lakes is one of the last places in Broward County where a buyer with modest savings can own: condos and villas often well under $200,000 and single-family homes not far above. FHA is the natural loan for it, with 3.5% down at a 580 credit score and the whole down payment allowed as a gift.
The challenge is the size of the loan, not the borrower. Some lenders set minimum loan amounts or add pricing for small loans, and some avoid older condo complexes entirely. On Mortgage knows which FHA lenders welcome smaller loans in this market. See all of today’s programs on the Lauderdale Lakes mortgage rates page, or talk with our Lauderdale Lakes mortgage broker team.
Today’s Lauderdale Lakes FHA Mortgage Rate
0.064 points
No points, no credit
0.250 points
0.224 points
0.112 points
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 Lauderdale Lakes scenario, no credit pull.
Lauderdale Lakes FHA Loan Benefits: Affordable Homeownership Starts Here
FHA’s low down payment, credit flexibility and seller-paid closing costs combine with Lauderdale Lakes prices to produce some of the lowest ownership costs in the county. Here is the full monthly cost of an FHA loan at four prices, before any condo or HOA dues:
| Price | 3.5% down | Principal and interest | FHA mortgage insurance | Taxes and insurance | Total monthly |
|---|---|---|---|---|---|
| $130,000 | $4,550 | $815 | $57 | $222 | $1,095 |
| $150,000 (median) | $5,250 | $941 | $66 | $256 | $1,263 |
| $185,000 | $6,475 | $1,160 | $82 | $316 | $1,558 |
| $240,000 | $8,400 | $1,505 | $106 | $410 | $2,021 |
Live FHA par pricing for Broward at 6.599% with the 1.75% upfront premium financed; small loans can price higher with some lenders. Property tax reflects the homestead exemption, which removes a large share of the value at these prices. Insurance is Broward’s average premium scaled to price; condos carry a smaller HO-6 policy plus dues instead.
For many renters in the area, those totals compare well with current rent, and every payment builds equity instead of a landlord’s.
Lauderdale Lakes FHA Loans for First-Time Homebuyers
Buyers stepping up from renting here usually have steady jobs and good rent history but limited savings or a credit report with a few old marks. FHA is built for that profile. Relatives may give you the entire down payment, a seller may cover closing costs within FHA’s 6% ceiling, and with homes taking around 122 days to sell, most sellers will consider it.
If your savings are very limited, Broward County and Florida Housing have offered purchase assistance for income-qualified buyers, which can pair with FHA when funding is available. We check current programs when you apply.
On Mortgage: Your Lauderdale Lakes FHA Loan Expert
We help first-time buyers and families make homeownership attainable in Lauderdale Lakes, whether the target is a condo or a single-family house. Condos make up much of the city’s inventory, and many are in older complexes. FHA can only finance a condo when the project is on HUD’s approved list or the unit qualifies for single-unit approval, and older complexes with thin reserves, insurance gaps or high rental ratios often do not. Single-family homes and fee-simple villas avoid that review entirely.
Mortgage insurance at the median price:
| $150,000 purchase | Base loan | Upfront MIP (1.75%, financed) | Monthly MIP | How long MIP lasts |
|---|---|---|---|---|
| 3.5% down | $144,750 | $2,533 | $66 (0.55% a year) | Life of the loan |
| 5% down | $142,500 | $2,494 | $59 (0.50% a year) | Life of the loan |
| 10% down | $135,000 | $2,363 | $56 (0.50% a year) | 11 years |
Premiums on a 30-year FHA loan of this size. On a small loan, the dollar amounts are modest.
2026 Lauderdale Lakes FHA Loan Limits
Lauderdale Lakes is in Broward County, where the 2026 FHA limits are far above local prices. Even small multifamily properties fit easily, and an owner who lives in one unit of a duplex can count rent from the other toward qualifying.
| 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 for 2026.
FHA Financing in Lauderdale Lakes
With 3.5% down and flexible credit requirements, FHA loans suit condo buyers in approved communities and those shopping for single-family homes on the city’s residential streets off Oakland Park Boulevard and State Road 7. The city sits centrally in Broward, close to Fort Lauderdale, Lauderhill and Sunrise, with quick access to I-95 and the Turnpike.
Market Snapshot
Lauderdale Lakes’ median sale sat around $150,000 in mid-2026, and homes took roughly 122 days to sell. The city remains one of Broward County’s most affordable markets, with condos making up much of what is for sale. For each Lauderdale Lakes buyer we line up FHA against conventional, and point out when a small-loan surcharge makes one lender a better choice than another.
Why Choose On Mortgage for Your Lauderdale Lakes FHA Loan
Local experience, faster approvals and FHA strategies built for Lauderdale Lakes prices and properties.
Lenders that want small loans
No surprise minimums or surcharges.
Condo screening
Approval checked before you spend on inspections.
Assistance coordinated
County and state programs layered with FHA.
Frequently Asked Questions: FHA Loans
Is there a minimum FHA loan amount in Lauderdale Lakes?
FHA itself has no minimum, but many lenders set their own, often somewhere around $75,000 to $100,000, or price smaller loans higher. We work with lenders whose minimums fit Lauderdale Lakes prices.
What does it take, in cash, to buy a $150,000 home with FHA?
The 3.5% down payment is $5,250. Closing costs and escrow deposits come on top, and a seller can cover them up to 6% of the price, so your cash to close can be close to the down payment.
Can I buy a Lauderdale Lakes condo with FHA?
If the complex is FHA approved or the unit qualifies for single-unit approval. Many older complexes do not, so we check before you make an offer.
What credit score do I need?
FHA allows 3.5% down at 580 and 10% down from 500 to 579. Some lenders require more; we match you with those that follow FHA’s guidelines.
What are the 2026 FHA limits in Lauderdale Lakes?
Broward County’s one-unit limit is $667,000, several times the local median.
Our Reviews
What Florida borrowers say after closing with On Mortgage. Five stars on Google (130 reviews) and Zillow (92 reviews).
“We cannot say enough amazing things about Caroline! As a first-time homebuyer, this was such a huge and exciting milestone for us, and we’re so grateful that we had her by our side throughout the entire process. Caroline was incredibly knowledgeable, patient, responsive, and supportive from beginning to end.”
“Caroline was great. Always responsive and available whenever I needed assistance or had questions. 10/10 would recommend to any veteran or anyone for that matter.”
“Highly recommend working with her! She was professional, courteous, and always on time. She is soft-spoken, extremely knowledgeable, and took the time to answer all of my questions with patience and care. She made the entire mortgage process smooth and stress-free.”
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