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10% Down · FHA

10% Down FHA Loan

Lower PMI, an entry point for jumbo loans, and room for a piggyback second.

Down Payment %
10%
On a $400K Home
$40,000
Loan Amount
$360,000
Sample Price
$400,000
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NMLS# 1859012 · Equal Housing Lender
10% Down · FHA

10% Down FHA Loan in Florida

On an FHA loan, 10% down works within FHA's 3.5% minimum and flexible 580-score guidelines. FHA carries an upfront and monthly mortgage insurance premium, but it forgives thinner credit and higher debt than conventional — and it pairs cleanly with Florida assistance to cover the cash.

Ten percent down cuts your PMI sharply and opens doors that smaller down payments do not — including many jumbo loans and piggyback structures that avoid PMI entirely. It is a strong position for move-up buyers.

On a $400,000 home, 10% down is $40,000. At this level PMI is low and falls off quickly as you build equity. Some buyers use a 10% down piggyback (an 80/10/10 structure) to skip PMI altogether by splitting the financing into a first and a small second mortgage.

Ten percent is also the entry point for many Florida jumbo loans above the conforming limit. We compare a single loan with PMI against a piggyback so you see which is cheaper over the years you actually plan to stay.

10% Down at a Glance

✓Low PMI that cancels quickly as equity grows.
✓Entry point for many Florida jumbo loans.
✓Enables an 80/10/10 piggyback to avoid PMI.
✓Lower balance, lower monthly payment than 5% down.

Read the full 10% down guide, or compare other loan types: Conventional · First-Time Buyers · Florida.

10% Down Snapshot
10%Down Payment %
$40,000On a $400K Home
$360,000Loan Amount
$400,000Sample Price
How It Works
01
Apply Online
5 min · soft credit pull only
02
Match Program
We shop lenders + assistance
03
Processing
Our team handles paperwork
04
Close
Typically 14–21 days
FAQ

10% Down FHA Loan Questions

Does 10% down work with an FHA loan in Florida?

Yes. FHA's 3.5% minimum and forgiving credit rules make it a natural fit, and 10% down stacks with Florida Hometown Heroes to lower your cash to close. We confirm the FHA numbers against your file before you apply.

Can I avoid PMI with 10% down?

Sometimes, through an 80/10/10 piggyback: a first mortgage at 80%, a second at 10%, and your 10% down. That avoids PMI but adds a second payment, so it only wins in certain rate environments. We compare it against simply paying PMI.

Do jumbo loans require more than 10% down?

Many Florida jumbo loans now allow 10% down for strong borrowers, though some still want 15% to 20%. It depends on the lender, loan size, and your reserves. As a broker we shop the jumbo lenders that allow the lowest down payment for your profile.

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10% Down Guide10% Down · Conventional10% Down · First-Time Buyers10% Down · FloridaAll Down Payment OptionsApply for Pre-Approval

10% Down FHA Loan?

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Figures are illustrative only and based on a sample purchase price. APR, payments, and assistance amounts vary by credit score, loan amount, income, and market conditions. Subject to credit approval. Not a commitment to lend. NMLS# 1859012. Equal Housing Lender.