Miami-Dade County, FL: mortgages, home buyers & loan limits
What buyers in Miami-Dade County actually borrowed, earned and paid in 2025, from the official Home Mortgage Disclosure Act records — plus the 2026 conforming and FHA loan limits.
HMDA 2025 data released June 23, 2026 · Loan limits for calendar year 2026
In 2025, lenders reported 13,299 home-purchase mortgages for owner-occupied, single-family homes in Miami-Dade County, FL. The median buyer borrowed $505,000 on a home valued at $565,000 and reported a household income of $149,000.
Buyers financed a median 90% of the home's value (roughly 10% down), paid a median 6.75% on 30-year fixed conventional loans and faced median conventional loan costs of $11,130.
Lenders denied 19.3% of completed home-purchase applications.
Key facts about Miami-Dade County mortgages
- Home buyers' median income ($149,000) is 30% higher than the Florida median ($115,000).
- The median 30-year fixed conventional rate here was 13 basis points above the U.S. median (6.625%).
- Median conventional loan costs ($11,130) were 100% higher than the U.S. median ($5,570).
- FHA loans made up 27.3% of purchase mortgages, versus 21.1% nationally.
- The most common age bracket among borrowers was 35–44 (33.1% of purchase loans).
- 57.6% of purchase mortgages had a single borrower with no co-applicant.
- The most-cited reason for denial was debt-to-income ratio (33.6% of denials with a stated reason).
National rank among 1,994 counties with at least 100 purchase loans: median income of home buyers 120th · median home-purchase loan 78th · median conventional loan costs 3rd · purchase application denial rate 12th. See rankings.
2026 loan limits in Miami-Dade County
| Property | Conforming 2026 | vs 2025 | FHA 2026 | vs 2025 |
|---|---|---|---|---|
| 1 unit | $832,750 | +$26,250 | $667,000 | +$12,650 |
| 2 units | $1,066,250 | +$33,600 | $853,900 | +$16,200 |
| 3 units | $1,288,800 | +$40,650 | $1,032,150 | +$19,600 |
| 4 units | $1,601,750 | +$50,500 | $1,282,700 | +$24,300 |
2026 limits for Miami-Dade County, FL: conforming (Fannie Mae / Freddie Mac) from FHFA; FHA forward-mortgage limits from HUD. FHA treats this county as a high-cost area (limit above the national floor). Loans above the conforming limit are "jumbo" loans.
All Florida counties: Florida 2026 loan limits. FHFA and HUD normally announce the next year's limits in late November.
Who bought homes in Miami-Dade County
Home-purchase mortgages for owner-occupied, single-family (1–4 unit) site-built homes, first liens, originated in 2025.
Values are medians; "middle half" is the 25th to 75th percentile.
Loan type
What the homes were for
All first-lien, closed-end purchase mortgages, including second homes and investors.
Borrower age
Debt-to-income ratio
Monthly debts (including the new payment) as a share of income, as used in underwriting.
What borrowing cost in Miami-Dade County
Medians for 2025 home-purchase loans. Total loan costs are section D of the Loan Estimate/Closing Disclosure (lender and third-party loan charges, excluding taxes, prepaids and escrow). FHA and VA costs include the upfront mortgage insurance premium or VA funding fee, so compare like with like.
| Measure | Miami-Dade County | Florida | U.S. |
|---|---|---|---|
| 30-year fixed rate · conventional | 6.750% | 6.625% | 6.625% |
| 30-year fixed rate · FHA | 6.185% | 6.125% | 6.250% |
| 30-year fixed rate · VA | 6.125% | 6.124% | 6.125% |
| 15-year fixed rate · conventional | 5.740% | 5.750% | 5.875% |
| Rate spread vs. APOR · conventional | +0.34 pts | +0.14 pts | +0.13 pts |
| Total loan costs · conventional | $11,130 | $6,760 | $5,570 |
| Total loan costs · FHA | $17,650 | $12,360 | $11,310 |
| Total loan costs · VA | $8,940 | $6,770 | $6,490 |
| Origination charges (all loan types) | $4,950 | $2,040 | $1,860 |
| Borrowers paying discount points | 57.7% | 57.1% | 51.3% |
| Points paid, when paid (% of loan) | 0.87% | 0.99% | 0.87% |
| Borrowers receiving lender credits | 37.5% | 32.2% | 33.1% |
| Adjustable-rate mortgages | 7.0% | 6.3% | 7.4% |
| Jumbo loans (above conforming limit) | 11.3% | 4.1% | 3.8% |
Medians are shown only when at least 30 loans report the field. Rates are those reported at closing; market rates changed during 2025, which the rate spread (APR minus the average prime offer rate on the lock date) adjusts for.
Approvals and denials
Miami-Dade County: 3,287 of 16,992 completed home-purchase applications were denied (19.3%).
Denial rate
| Application | Miami-Dade County | Florida | U.S. |
|---|---|---|---|
| Home purchase | 19.3% | 12.8% | 8.5% |
| Conventional | 19.4% | 11.5% | 7.1% |
| FHA | 19.1% | 16.5% | 12.5% |
| VA | 18.7% | 9.7% | 8.0% |
| USDA | — | 24.4% | 12.5% |
| Refinance | 35.6% | 28.1% | 17.9% |
| Cash-out refinance | 40.8% | 39.2% | 33.6% |
Main reason for purchase denials
First reason the lender reported.
Denial rate = denied ÷ (originated + approved but not accepted + denied). Withdrawn and incomplete applications are excluded. Differences between places reflect who applies, not only lender behavior.
Refinancing in Miami-Dade County
Top mortgage lenders in Miami-Dade County
418 lenders originated at least one home-purchase or refinance loan here in 2025. The table ranks them by loan count; pricing columns compare conventional purchase loans only.
| # | Lender | Loans | Share | Denial rate | 30-yr rate* | Spread* | Costs* |
|---|---|---|---|---|---|---|---|
| 1 | United Wholesale Mortgage (UWM) | 3,798 | 21.2% | 19.4% | 6.625% | +0.35 | $11,960 |
| 2 | Rocket Mortgage, LLC | 1,320 | 7.4% | 28.6% | 6.750% | +0.29 | $10,000 |
| 3 | Lennar Mortgage, LLC | 747 | 4.2% | 25.2% | 4.875% | −1.46 | $5,420 |
| 4 | A&D Mortgage LLC | 716 | 4.0% | 11.1% | 6.875% | +0.60 | $14,750 |
| 5 | JPMorgan Chase Bank, N.A. | 647 | 3.6% | 20.1% | 6.490% | −0.14 | $6,630 |
| 6 | Pennymac Loan Services, LLC | 645 | 3.6% | 23.3% | 6.624% | +0.30 | $11,150 |
| 7 | Paramount Residential Mortgage Group, Inc. | 578 | 3.2% | 12.7% | 6.875% | +0.62 | $12,550 |
| 8 | The Loan Store, Inc. | 408 | 2.3% | 9.2% | 6.875% | +0.68 | $12,520 |
| 9 | Newrez LLC | 312 | 1.7% | 21.5% | 6.875% | +0.49 | $12,280 |
| 10 | DHI Mortgage Company, Ltd. | 304 | 1.7% | 17.4% | — | −0.82 | $5,060 |
| 11 | Freedom Mortgage Corporation | 204 | 1.1% | 38.4% | — | — | — |
| 12 | My Mortgage, Inc. | 203 | 1.1% | 1.0% | 6.990% | +0.82 | $8,950 |
| 13 | CrossCountry Mortgage, Inc. | 191 | 1.1% | 8.3% | 6.990% | +0.53 | $12,360 |
| 14 | loanDepot.com, LLC | 184 | 1.0% | 19.4% | 6.625% | +0.27 | $8,330 |
| 15 | Kind Lending, LLC | 169 | 0.9% | 30.2% | 6.875% | +0.62 | $14,620 |
| 16 | Regions Bank | 169 | 0.9% | 27.1% | 6.625% | +0.03 | $10,350 |
| 17 | CMG Mortgage, Inc. | 166 | 0.9% | 8.9% | 6.750% | +0.40 | $9,410 |
| 18 | City National Bank of Florida | 164 | 0.9% | 17.2% | 6.250% | −0.17 | $9,930 |
| 19 | Angel Oak Mortgage Solutions LLC | 156 | 0.9% | 5.7% | 7.124% | +0.91 | $18,830 |
| 20 | Ocmbc, Inc. | 155 | 0.9% | 19.6% | 7.625% | +1.50 | $22,170 |
| 21 | Bank of America, N.A. | 144 | 0.8% | 30.8% | 6.250% | −0.34 | $9,560 |
| 22 | Nationwide Mortgage Bankers, Inc. | 141 | 0.8% | 5.7% | 6.875% | +0.92 | $20,440 |
| 23 | Cornerstone First Mortgage, Inc. | 136 | 0.8% | 11.4% | 6.875% | +0.57 | $11,480 |
| 24 | Point Mortgage Corporation | 124 | 0.7% | 4.2% | 6.990% | +0.75 | $11,810 |
| 25 | Champions Funding, LLC | 121 | 0.7% | 25.7% | 7.999% | +1.62 | $22,470 |
Lenders in Miami-Dade County, FL. Loans = home-purchase, refinance and cash-out originations (2025); share = share of those loans here; denial rate = home-purchase applications. *Medians for conventional home-purchase loans, shown with at least 20 loans; spread = APR minus the average prime offer rate at rate lock (percentage points); costs = total loan costs (section D).
Check a quote for Miami-Dade County
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Compare your origination charges and total loan costs with 2025 loans of the same type and size in Florida and Miami-Dade County.
Monthly payment calculator
Principal, interest, property tax (0.81% typical effective rate here) and insurance, with Miami-Dade County defaults.
Typical effective property-tax rate 0.81% = median real estate taxes ÷ median home value, U.S. Census Bureau ACS 2020–2024 5-year estimates.
Nearby counties
| County | Distance | Purchase loans | Median loan | Buyer income | Conforming limit | FHA limit |
|---|---|---|---|---|---|---|
| Monroe County, FL | 32 mi | 494 | $615,000 | $182,000 | $990,150 | $990,150 |
| Broward County, FL | 40 mi | 13,564 | $435,000 | $139,000 | $832,750 | $667,000 |
| Collier County, FL | 66 mi | 3,532 | $465,000 | $150,000 | $832,750 | $764,750 |
| Palm Beach County, FL | 71 mi | 12,327 | $435,000 | $149,000 | $832,750 | $667,000 |
| Hendry County, FL | 75 mi | 377 | $295,000 | $93,000 | $832,750 | $541,287 |
| Martin County, FL | 102 mi | 1,668 | $405,000 | $149,000 | $832,750 | $603,750 |
Frequently asked questions
What is the 2026 conforming loan limit in Miami-Dade County?
$832,750 for a one-unit home (FHFA). Two- to four-unit limits are $1,066,250, $1,288,800, $1,601,750. Loans above the limit are jumbo loans and are not eligible for purchase by Fannie Mae or Freddie Mac.
What is the 2026 FHA loan limit in Miami-Dade County?
$667,000 for a one-unit home (HUD). Miami-Dade County is an FHA high-cost area; HUD's median price used to set the limit is $580,000.
How much do home buyers in Miami-Dade County earn?
The median household income reported on 2025 home-purchase mortgages was $149,000; the middle half of buyers reported $111,000 to $231,000.
What mortgage rate did buyers in Miami-Dade County get in 2025?
The median rate on 30-year fixed conventional purchase loans was 6.75%; FHA borrowers paid a median 6.185%. These are rates locked during 2025; check today's rates with several lenders.
How often are mortgage applications denied in Miami-Dade County?
19.3% of completed home-purchase applications were denied in 2025; the most common stated reason was debt-to-income ratio.
Sources: FFIEC/CFPB HMDA 2025 public loan/application register (Snapshot as of June 1, 2026); FHFA 2026 conforming loan limits; HUD 2026 FHA forward-mortgage limits; U.S. Census Bureau. Figures describe typical 2025 loans, not your offer. Methodology