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Pompano Beach FHA Home Loan
FHA loans for Pompano Beach residents buying the home they will live in: condos near the beach, villas in Palm-Aire and houses in Cresthaven and Cypress Bend. 3.5% down at 580, with the occupancy rules explained plainly.
We specialize in Pompano Beach FHA home financing.
Pompano Beach attracts many kinds of buyers: year-round families, winter residents, retirees and investors. FHA serves only the first group well, because it is a loan for a primary residence. If that is you, Pompano is a strong FHA market, with a median near $390,000, plenty of condos and villas at lower prices, and sellers who have time to negotiate.
On Mortgage compares a wide group of FHA lenders and screens buildings before you commit. For every program, including second-home and investment options for other plans, see our Pompano Beach mortgage rates page, or speak with the Pompano Beach mortgage broker team.
Today’s Pompano Beach 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 Pompano Beach scenario, no credit pull.
Pompano Beach FHA Loan Benefits: Affordable Homeownership Starts Here
For a year-round buyer, FHA’s 3.5% down payment, gift funds and seller contributions up to 6% make a Pompano home reachable sooner. The difference is clearest at mid-range credit scores. For a buyer with a 640 score on a $360,000 Pompano condo or villa today:
| $360,000 purchase, 640 credit | Conventional, 5% down | FHA, 3.5% down |
|---|---|---|
| Down payment | $18,000 | $12,600 |
| Loan amount | $342,000 | $353,480 (includes 1.75% upfront MIP) |
| Today’s rate | 8.125% | 6.375% |
| Principal and interest | $2,539/mo | $2,205/mo |
| Mortgage insurance | $379/mo PMI | $159/mo MIP |
| Total before taxes and insurance | $2,918/mo | $2,364/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 640 score; mortgage insurance from current premium tables. Condos need an eligible building for either loan. Dues, taxes and insurance are added on top.
Pompano Beach FHA Loans for First-Time Homebuyers
Someone buying a first home has no other mortgage to explain, so FHA’s occupancy rules are simple for them. The questions come up for people who already own a home, or who did once. FHA normally allows only one FHA loan at a time, with specific exceptions:
| Situation | Can you get another FHA loan? |
|---|---|
| You already own a home with an FHA loan and want to keep it | Generally no, unless an exception below applies |
| You are relocating for work beyond a reasonable commuting distance | Yes, you can buy a new primary residence with FHA |
| Your family has grown and the current home no longer fits | Yes, with documentation of the need and equity of at least 25% in the current home |
| You are leaving a home that a co-borrower will keep | Yes, when you are vacating a jointly owned property |
| You sold or refinanced out of your previous FHA loan | Yes, the previous loan is gone |
| You want a second home or rental in Pompano | No; consider conventional second-home or investor loans |
If you plan to keep your current home as a rental when you move, a lender will also want to see enough equity or a lease to support counting that rent. We sort this out in the pre-approval.
On Mortgage: Pompano Beach FHA Loan Experts
From revitalized beachfront condos to family-friendly inland neighborhoods, Pompano Beach offers a varied market for FHA borrowers near Fort Lauderdale. The condo side requires the most care. Palm-Aire’s golf-course condos and villas, the towers along the beach and older complexes inland each have their own approval status, reserves and rental mix, and beach buildings with heavy seasonal rental activity often cannot meet FHA’s owner-occupancy test. We check the building before you write an offer.
FHA mortgage insurance at the Pompano median:
| $390,000 purchase | Base loan | Upfront MIP (1.75%, financed) | Monthly MIP | How long MIP lasts |
|---|---|---|---|---|
| 3.5% down | $376,350 | $6,586 | $172 (0.55% a year) | Life of the loan |
| 5% down | $370,500 | $6,484 | $154 (0.50% a year) | Life of the loan |
| 10% down | $351,000 | $6,143 | $146 (0.50% a year) | 11 years |
Monthly and upfront FHA premiums at Pompano’s median price.
2026 FHA Loan Limits for Pompano Beach
Pompano follows the Broward County schedule. For 2026:
| 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 base loan limits. Most Pompano condos, villas and many houses fall well within the one-unit limit.
Neighborhood Access & Value
Value for a starter purchase shows up in neighborhoods like Cresthaven, with its mid-century houses near the Intracoastal, and Cypress Bend, with condos and townhomes around the golf course. Palm-Aire offers condos and villas with resort-style amenities, and Leisureville serves buyers 55 and older. Downtown Pompano is adding newer housing as the city’s redevelopment continues.
Market Snapshot
Pompano Beach’s median sale reached around $390,000 in mid-2026, with homes needing about 102 days to sell: an accessible, buyer-friendly market for FHA borrowers. We compare FHA and conventional loans for every year-round buyer.
Why FHA Loans Work for Pompano Beach Buyers
Approachable prices, condo and villa options and an improving downtown make Pompano Beach a strong choice for buyers financing with 3.5% down.
Year-round buyers
FHA rewards people who live in the home they buy.
Clear occupancy guidance
We confirm whether FHA fits your plans before you apply.
Building screening
Seasonal-rental buildings identified early.
Frequently Asked Questions: FHA Loans
Can I use FHA for a winter home in Pompano Beach?
No. FHA requires the home to be your primary residence, with move-in within 60 days and at least a year of occupancy. For a seasonal home, a conventional second-home loan is the usual route.
I already have an FHA loan. Can I get another one in Pompano?
Usually only in specific situations: relocating for work, a family that has outgrown the home with at least 25% equity in it, or leaving a home a co-borrower will keep. Otherwise, the existing FHA loan must be paid off.
Are Palm-Aire condos FHA approved?
Some associations are and some are not, and approvals expire. We check the specific building and its status before you make an offer.
What is the 2026 FHA limit in Pompano Beach?
The 2026 cap for a single Pompano home or condo is $667,000, set at the county level.
Can I rent out my Pompano FHA home later?
After you have lived there as your primary residence for the required period, you can keep the home and rent it when you move, subject to your association’s rental rules.
Our Reviews
What Florida borrowers say after closing with On Mortgage. Five stars on Google (130 reviews) and Zillow (92 reviews).
“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.”
“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.”
“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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Buying the home you will live in? On Mortgage will check the property, confirm FHA fits your situation and compare FHA lenders. Call or start online today.