FHA Home Loans in Crestview, Florida
Crestview's affordable housing market makes it ideal for FHA financing. With median home prices well below the FHA limit and new construction neighborhoods offering energy-efficient options, first-time buyers and growing families can achieve homeownership with just 3.5% down in the Hub City.
FHA Loan Advantages in Crestview
3.5% Down Payment
Purchase a $300K home with just $10,500 down
Flexible Credit
Qualify with credit scores as low as 580
Gift Funds Allowed
100% of down payment can come from family
New Construction
Finance builder homes with one-time close
Crestview Real Estate Market 2024
The Crestview housing market offers exceptional value for FHA buyers. Median home prices hover around $310,000, well under the $541,287 FHA limit for Okaloosa County. This means most properties qualify for FHA financing with the favorable 3.5% down payment option.
New construction remains strong with builders like D.R. Horton, Adams Homes, and local developers offering energy-efficient homes starting in the high $200s. These new builds often qualify for FHA's Energy Efficient Mortgage (EEM) program, allowing buyers to finance green upgrades into their loan.
The rental market in Crestview shows average rents of $1,600-$1,900 for 3-bedroom homes. Many FHA buyers find that their mortgage payment – including taxes, insurance, and MIP – is comparable to or lower than rental costs, making homeownership an attractive financial decision.
Best Crestview Neighborhoods for FHA Buyers
Adams Creek
New construction starting in the high $200s – perfect for FHA with minimal down payment. Community features playground, walking trails, and quick access to Highway 85.
FHA down payment from ~$9,800
Crestview Heights
Established neighborhood with well-maintained homes from $250,000-$320,000. Larger lots, mature landscaping, and proven property values.
FHA down payment from ~$8,750
Southland Estates
Mix of resale and new homes from $280,000-$360,000. Close to Davidson Middle School and Crestview High. Strong rental history makes it investor-friendly.
FHA down payment from ~$9,800
Antioch Estates
Affordable community with homes starting in the $240s. Great for first-time FHA buyers looking to build equity. Minutes from downtown Crestview.
FHA down payment from ~$8,400
M. Rodriguez Family
First-Time Buyers, Adams Creek
"My wife and I were renting in Fort Walton Beach paying $1,850 a month for a small apartment. We had saved about $15,000 but thought homeownership was years away. A coworker at Eglin recommended we call Emmett about FHA loans.
The team showed us that with FHA, we could put just 3.5% down on a new construction home in Adams Creek. Our total monthly payment – principal, interest, taxes, insurance, and MIP – came to $1,920. That's only $70 more than our apartment rent, but now we have a 4-bedroom home with a two-car garage and backyard!
The builder incentives covered some closing costs, and Emmett connected us with Florida Housing's down payment assistance. We moved in with money still in savings. Three years later, our home has appreciated over $45,000. Best decision we ever made."
Expert Reviewed
Emmett Clark, NMLS #233747
FHA Loan Specialist helping Crestview families achieve homeownership for over 20 years.
Crestview FHA Loan FAQs
What is the FHA loan limit in Crestview, Florida?
The 2026 FHA loan limit for Okaloosa County (including Crestview) is $541,287 for single-family homes. This covers the majority of homes in the Crestview market.
What credit score do I need for an FHA loan in Crestview?
FHA loans in Crestview require a minimum 580 credit score for the 3.5% down payment option. Borrowers with scores between 500-579 may qualify with 10% down.
Can I use FHA loans for new construction in Crestview?
Yes! FHA loans work well for new construction in neighborhoods like Deer Moss Creek and Fox Valley. We can guide you through the one-time close process.
Are there FHA down payment assistance programs in Okaloosa County?
Yes, Florida Housing offers down payment assistance programs that can be combined with FHA loans. The Hometown Heroes program may offer up to 5% assistance for qualifying buyers.
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