STATE GUIDE · FL
From storm-hardening upgrades to dated condo interiors, Florida generates enormous renovation demand, and several coastal counties — including the Keys — carry limits above the national floor.
From Jacksonville, Miami, Tampa, Orlando, St. Petersburg and Fort Lauderdale, renovation loans give Florida buyers a different way to compete: purchase a home that needs work and finance the improvements in the same mortgage, with the appraisal based on the home's after-improved value. The FHA 203k Limited covers up to $75,000 in non-structural work; the 203k Standard handles major and structural projects; and conventional options like HomeStyle and CHOICERenovation — plus zero-down VA Renovation for eligible veterans — round out the toolbox.
Many Florida counties use the 2026 national FHA floor of $541,287 for a single-family home, but several higher-priced markets carry limits above the floor. Your exact ceiling depends on the county — a licensed lender will confirm it before you shop.
Local renovation-loan guides for Florida’s most active 203k markets:
Many Florida counties use the 2026 national FHA floor of $541,287 for a single-family home, but several higher-priced markets carry limits above the floor. Your exact ceiling depends on the county — a licensed lender will confirm it before you shop.
Nearly everything from roofing, HVAC, plumbing, and electrical to kitchens, baths, flooring, windows, and accessibility improvements. The Standard 203k adds structural work, additions, and major landscaping. Luxury items like pools require a conventional program such as HomeStyle.
Yes — FHA 203k covers owner-occupied properties up to four units, with higher loan limits for each additional unit. It's one of the most powerful house-hacking tools available: buy, renovate, live in one unit, and rent the others.
Generally no. FHA requires licensed contractors for 203k work, and lenders verify contractor credentials and insurance. Limited self-help exceptions exist but are rarely approved. The draw process is built around third-party verification that work is complete.
Start with a lender who writes renovation loans every week — not once a year.