Resources
Mortgage glossary, codes & Florida limits
A free desk reference for buyers, loan officers and brokers. Figures as of 2026 — always confirm with the official source.
2026 Florida loan limits by county
One-unit limits. Conforming $832,750 everywhere except Monroe; FHA floor $541,287. VA has no limit with full entitlement. Sources: FHFA, HUD.
Alachua$832,750FHA $541,287~1.8% tax
Baker$832,750FHA $541,287~1.4% tax
Bay$832,750FHA $541,287~1.2% tax
Bradford$832,750FHA $541,287~1.5% tax
Brevard$832,750FHA $541,287~1.4% tax
Calhoun$832,750FHA $541,287~1.4% tax
Charlotte$832,750FHA $541,287~1.6% tax
Citrus$832,750FHA $541,287~1.5% tax
Clay$832,750FHA $541,287~1.5% tax
Columbia$832,750FHA $541,287~1.5% tax
DeSoto$832,750FHA $541,287~1.7% tax
Dixie$832,750FHA $541,287~1.5% tax
Duval$832,750FHA $541,287~1.6% tax
Escambia$832,750FHA $541,287~1.3% tax
Flagler$832,750FHA $541,287~1.6% tax
Franklin$832,750FHA $541,287~1.1% tax
Gadsden$832,750FHA $541,287~1.6% tax
Gilchrist$832,750FHA $541,287~1.5% tax
Glades$832,750FHA $541,287~1.6% tax
Gulf$832,750FHA $541,287~1.2% tax
Hamilton$832,750FHA $541,287~1.6% tax
Hardee$832,750FHA $541,287~1.7% tax
Hendry$832,750FHA $541,287~1.8% tax
Hernando$832,750FHA $541,287~1.5% tax
Highlands$832,750FHA $541,287~1.7% tax
Holmes$832,750FHA $541,287~1.3% tax
Indian River$832,750FHA $541,287~1.5% tax
Jackson$832,750FHA $541,287~1.4% tax
Jefferson$832,750FHA $541,287~1.5% tax
Lafayette$832,750FHA $541,287~1.4% tax
Lake$832,750FHA $541,287~1.6% tax
Lee$832,750FHA $541,287~1.5% tax
Leon$832,750FHA $541,287~1.7% tax
Levy$832,750FHA $541,287~1.5% tax
Liberty$832,750FHA $541,287~1.3% tax
Madison$832,750FHA $541,287~1.6% tax
Marion$832,750FHA $541,287~1.6% tax
Nassau$832,750FHA $541,287~1.4% tax
Okaloosa$832,750FHA $541,287~1.1% tax
Okeechobee$832,750FHA $541,287~1.8% tax
Pasco$832,750FHA $541,287~1.6% tax
Polk$832,750FHA $541,287~1.6% tax
Putnam$832,750FHA $541,287~1.6% tax
Santa Rosa$832,750FHA $541,287~1.2% tax
St. Lucie$832,750FHA $541,287~1.8% tax
Sumter$832,750FHA $541,287~1.4% tax
Suwannee$832,750FHA $541,287~1.5% tax
Taylor$832,750FHA $541,287~1.5% tax
Union$832,750FHA $541,287~1.4% tax
Volusia$832,750FHA $541,287~1.6% tax
Wakulla$832,750FHA $541,287~1.3% tax
Walton$832,750FHA $541,287~0.9% tax
Washington$832,750FHA $541,287~1.3% tax
Florida closing taxes
- Deed doc stamps
- $0.70 per $100 of price — usually paid by the seller. Miami-Dade: $0.60 per $100, plus a $0.45 surtax on property that isn't a single-family home.
- Mortgage doc stamps
- $0.35 per $100 of the loan — paid by the buyer.
- Intangible tax
- 0.2% of the loan amount — paid by the buyer.
- Title insurance
- Florida sets promulgated rates; who pays the owner's policy varies by county (often seller in Palm Beach and Broward, buyer in Miami-Dade).
Codes loan officers use
HMDA loan purpose
- 1
- Home purchase
- 2
- Home improvement
- 31
- Refinancing
- 32
- Cash-out refinancing
- 4
- Other purpose
- 5
- Not applicable
HMDA loan type
- 1
- Conventional
- 2
- FHA
- 3
- VA
- 4
- USDA RHS / FSA
HMDA occupancy
- 1
- Principal residence
- 2
- Second residence
- 3
- Investment property
HMDA lien status
- 1
- First lien
- 2
- Subordinate lien
FEMA flood zones
- VE / V
- Coastal high hazard with wave action — flood insurance required with a federally backed loan
- AE / A
- 1% annual-chance flood area — insurance required
- AO / AH
- Shallow flooding areas — insurance required
- X (shaded)
- Moderate risk, 0.2% annual chance — optional but often wise
- X (unshaded)
- Minimal risk — optional
Fannie Mae property types (common)
- SFR
- Single-family detached
- PUD
- Planned unit development
- Condo
- Condominium unit
- Co-op
- Cooperative share
- 2–4 unit
- Small multifamily
- MH
- Manufactured home
Glossary
- APR
- Annual percentage rate — the interest rate plus most lender fees, shown as a yearly rate.
- ARM
- Adjustable-rate mortgage. A 7/6 ARM is fixed 7 years, then adjusts every 6 months.
- SOFR
- Secured Overnight Financing Rate — the index most new ARMs adjust from.
- Margin
- The fixed amount added to the index to set an ARM's rate.
- LTV / CLTV
- Loan-to-value: loan ÷ value. Combined LTV adds second liens and HELOCs.
- DTI
- Debt-to-income. Front-end is housing only; back-end includes all monthly debts.
- DSCR
- Debt service coverage ratio: rent ÷ full monthly payment. Used for investor loans.
- PITIA
- Principal, interest, taxes, insurance and association dues.
- PMI / MI
- Private mortgage insurance on conventional loans under 20% down; can be removed at 78–80% LTV.
- MIP / UFMIP
- FHA's annual and upfront (1.75%) mortgage insurance premiums.
- Funding fee
- VA's one-time fee, based on down payment and prior use; waived for many disabled veterans.
- LLPA
- Loan-level price adjustment — Fannie/Freddie pricing hits for credit score, LTV, occupancy and property type.
- Points
- Prepaid interest; 1 point = 1% of the loan, usually buying the rate down.
- Temporary buydown
- Lower payments for the first years (2-1, 1-0), often seller-paid.
- Reserves
- Months of PITIA left in the bank after closing.
- Conforming / jumbo
- Conforming loans fit under the FHFA limit; above it is jumbo.
- Non-QM
- Loans outside qualified-mortgage rules — bank-statement, DSCR, asset depletion.
- Warrantable condo
- A condo project that meets Fannie/Freddie guidelines. Florida's 2022+ milestone inspection and reserve rules affect this.
- Loan Estimate / Closing Disclosure
- The two federal (TRID) forms showing costs at application and at least 3 business days before closing.
- Homestead exemption
- Florida's exemption (up to $50,000 off assessed value) and 3% Save Our Homes cap for a primary residence. File by March 1.
- Wind mitigation / 4-point
- Florida insurance inspections that can lower premiums or are required on older homes.