Sunrise, FL · FHA financing
Sunrise FHA Home Loan
FHA loans for Sunrise villas, townhomes, condos and houses, including for buyers coming back from a bankruptcy, foreclosure or short sale. FHA’s waiting periods are years shorter than conventional ones.
We specialize in Sunrise FHA home financing.
Sunrise offers some of central Broward’s best value: villas and townhomes in Welleby and Nob Hill, family homes in Sawgrass Lakes and Springtree, and a large supply of condos, including big age-restricted communities. With a median near $405,000, most of it falls well inside FHA’s limit.
FHA is also the loan of second chances. A buyer who went through a bankruptcy or lost a home a few years ago may be eligible now with FHA while still years away with a conventional loan. On Mortgage compares many FHA lenders and knows which ones apply FHA’s guidelines as written. All of today’s programs are on our Sunrise mortgage rates page, and our Sunrise mortgage broker team is glad to talk through your history.
Today’s Sunrise 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 Sunrise scenario, no credit pull.
Sunrise FHA Loan Benefits: Affordable Homeownership Starts Here
The familiar FHA benefits apply in Sunrise: 3.5% down at a 580 score, gift funds, seller contributions up to 6% and flexible debt ratios. The benefit that changes lives, though, is how quickly FHA lets you return after a financial setback:
| Event | FHA waiting period | Typical conventional waiting period |
|---|---|---|
| Chapter 7 bankruptcy | 2 years from discharge | 4 years from discharge |
| Chapter 13 bankruptcy | After 12 months of on-time plan payments, with trustee permission | 2 years from discharge, or 4 years from dismissal |
| Foreclosure | 3 years | 7 years |
| Short sale or deed in lieu | 3 years | 4 years |
General guidelines. FHA may allow shorter periods for documented extenuating circumstances beyond your control, and individual lenders can add requirements. Conventional periods shown are Fannie Mae’s standard timelines.
In practice, that can mean buying a Sunrise home years earlier than a conventional loan would allow. We review your timeline and credit before you start shopping so there are no surprises in underwriting.
Sunrise FHA Loans for First-Time Homebuyers
First-time buyers often start with a Sunrise villa or townhome. Many are fee-simple homes in HOA communities, which FHA treats like houses, while others are legally condominiums and need project approval. Either way, the HOA dues count in your payment, and they vary a great deal from one community to the next.
With homes averaging about 91 days on the market, there is room to negotiate. FHA allows the seller to pay up to 6% of the price toward your closing costs and prepaid items, which can bring your cash to close close to the 3.5% down payment. Gift money from family can cover that down payment.
On Mortgage: Sunrise FHA Loan Experts
Sunrise combines affordability with family-friendly neighborhoods, making it a strong market for FHA buyers seeking value in Broward County. The condo side takes the most expertise. Large FHA-approved condo buildings are relatively scarce here, and many of the city’s biggest condo communities are age-restricted, older and owner-occupied by retirees. When a building is not on HUD’s list, single-unit approval, sometimes called spot approval, can still work if the project meets HUD’s owner-occupancy, insurance and financial tests.
Mortgage insurance is part of every FHA loan. At the Sunrise median:
| $405,000 purchase | Base loan | Upfront MIP (1.75%, financed) | Monthly MIP | How long MIP lasts |
|---|---|---|---|---|
| 3.5% down | $390,825 | $6,839 | $179 (0.55% a year) | Life of the loan |
| 5% down | $384,750 | $6,733 | $160 (0.50% a year) | Life of the loan |
| 10% down | $364,500 | $6,379 | $152 (0.50% a year) | 11 years |
Premium schedule for a 30-year FHA loan at the Sunrise median. A conventional refinance at 20% equity ends the monthly premium early.
2026 FHA Loan Limits for Sunrise
As part of Broward County, Sunrise follows these 2026 FHA limits. With the median around $405,000, most Sunrise homes fit comfortably under the one-unit limit.
| 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 |
FHA limits for Broward County in 2026. Prices assume a 3.5% down payment.
Neighborhood Access & Value
Entry-level FHA opportunities exist throughout Sunrise. Sawgrass Lakes offers single-family homes and townhomes near the Sawgrass Expressway; Welleby has villas, townhomes and houses around its lakes and park; Nob Hill adds a mix of attached and detached homes. Older condo communities on the east side of the city can be very affordable, though FHA eligibility varies building by building.
Sunrise also offers easy access to Sawgrass Mills, the arena and I-595, which makes it popular with buyers who work across Broward.
Market Snapshot
Sunrise homes sold for about $405,000 at the median in mid-2026, and the typical home took roughly 91 days to sell: a moderating, FHA-friendly market. With prices well under the limit and sellers willing to negotiate, FHA buyers are in a good position here. Conventional quotes run alongside FHA for each file.
Why FHA Loans Work for Sunrise Buyers
Solid value, accessible neighborhoods and good schools make Sunrise a natural fit for 3.5%-down FHA financing.
Prices inside the limit
Most Sunrise homes fit easily.
Second chances
Shorter waits after bankruptcy, foreclosure or short sale.
Condo options
Single-unit approval when the building is not on the list.
Frequently Asked Questions: FHA Loans
How soon after bankruptcy can I get an FHA loan in Sunrise?
Generally two years after a Chapter 7 discharge, or after 12 months of on-time Chapter 13 plan payments with the trustee’s permission. You will need re-established credit since the bankruptcy.
Can I get an FHA loan after a foreclosure?
Usually three years after the foreclosure was completed, compared with seven years for a typical conventional loan. Exceptions can apply for documented extenuating circumstances.
What is FHA spot approval?
It is the informal name for FHA single-unit approval, which lets a lender approve one condo unit in a building that is not on HUD’s approved list, if the building meets HUD’s requirements.
Are Sunrise villas condos?
Some are and some are not. Fee-simple villas are treated like houses. Villas organized as condominiums need FHA project or single-unit approval. The association documents tell you which.
What is the 2026 FHA limit in Sunrise?
$667,000 for a single-family home, villa or condo in Broward County.
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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Price a Sunrise FHA loan
Whether you are buying your first villa or coming back after a setback, On Mortgage will review your timeline, check the property and compare FHA lenders. Call or start online today.