VA loans in Key West.
The Monroe County figure on this page is a county reference only, not an address-based lookup for Key West. Confirm the property's county before relying on it.
Monroe County reference value. County reference, not an address-based lookup. Confirm the county of the property before using this value; city and metro boundaries can cross counties.
Source: FHFA Full County Loan Limit List for 2026 (HERA-based, final). One-unit limit; applies to mortgages acquired in calendar year 2026. Source checked 2026-09-16. · Monroe County (FIPS 12087)
County reference, not an address-based lookup. Confirm the county of the property before using this value; city and metro boundaries can cross counties. Look the property's county up at FHFA.
What the county figure means here.
A borrower with full VA entitlement does not have a VA loan limit, subject to lender approval, ability to repay, and the appraised value or purchase price. The FHFA one-unit county conforming loan limit matters primarily when calculating remaining bonus entitlement for a borrower who does not have full entitlement, and it may affect whether a down payment is required.
Monroe County carries a $990,150 one-unit conforming loan limit value for 2026, and that is the county figure we reference for Key West. County reference, not an address-based lookup. Confirm the county of the property before using this value; city and metro boundaries can cross counties. Whichever county your property is in, the value is used in remaining-entitlement calculations — including on a 2–4 unit property — and is not a cap on what a fully-entitled buyer can finance.
Planning around BAH? Rates vary by pay grade, dependency status, and ZIP-based Military Housing Area — verify yours on the official DoD BAH calculator.
This site does not publish current rates or APRs. Your rate and terms depend on your credit profile, income and assets, the property, market conditions, lock timing, points or lender credits, underwriting, and final lender approval. Request a personalized quote from Bolt Home Loans LLC.
Estimate a payment with your own rate assumptionKey West permits: a low dollar threshold and no incomplete applications
The City of Key West Building Department says a building permit is required before any work, permanent or temporary, valued above $1,000 in materials and labor, at the building official's discretion. Since January 1, 2025 the department no longer accepts incomplete applications and publishes checklists of the documents each application needs.
Practical step: in Key West even modest repairs can cross the permit threshold, so ask the seller for the permits and final inspections on any recent work. A permit shown as issued is not the same as one that passed final inspection, and a missing online record is a question to ask the Building Department, not proof of illegal work. If you plan exterior changes in the historic district, ask the City which historic review applies before you set a budget.
Monroe County veterans' exemptions: different rules for different programs
The Monroe County Property Appraiser lists several veterans' exemptions, each with its own requirements, with applications due by March 1. One is an exemption of up to $5,000 for a Florida resident discharged under honorable conditions with at least a 10% service-connected disability, also available to an un-remarried surviving spouse.
Separately, a veteran 65 or older with a permanent, combat-related partial disability may qualify for a homestead discount equal to the combat-related disability percentage, filed on form DR-501DV with proof of age, a DD-214, the VA rating decision and evidence of the combat-related portion. Practical step: identify which program fits your rating and age before closing and collect those documents, since each exemption is decided by the Property Appraiser and is separate from the basic homestead exemption.
- FHFA — Conforming loan limit values
- City of Key West Building Department — Building Permit Requirements
- Monroe County Property Appraiser — Veterans & Military Exemption
- VA — Home loan entitlement and limits
Sources checked 2026-09-23. Educational information only, not legal, tax or underwriting advice.
VA loan programs available in FL.
$0 down in Key West. No PMI.
Lower your rate. Minimal paperwork.
Up to 100% LTV — conventional caps at 80%.
$0 down above conforming.
Finance repairs into your purchase.
Roll energy upgrades into the loan.
Widows and widowers of FL veterans qualify.
Zero down, no PMI, and a 100% funding-fee waiver on a home in Key West, subject to eligibility verification and Certificate of Eligibility issuance.
Surviving spouse guideDisabled veteran? Stack the SAH grant on your Key West purchase.
Up to $126,526 in FY 2026 toward a VA-approved plan to acquire, construct, or adapt a suitable home. VA approves eligibility and use; the grant is separate from your VA home loan.
SAH grant guideVA loans in Key West — answered.
FHFA sets conforming loan limit values by county, not by city, and there is no single published figure for a city as such. The county we reference for Key West is Monroe County (FIPS 12087), whose official 2026 one-unit value is $990,150 per the FHFA Full County Loan Limit List. County reference, not an address-based lookup. Confirm the county of the property before using this value; city and metro boundaries can cross counties. The figure only matters for remaining-entitlement calculations — with full entitlement there is no VA loan limit, subject to lender approval, ability to repay and appraised value.
BAH varies by pay grade, dependency status, and ZIP-based Military Housing Area, and DoD updates rates annually. Check your exact rate on the official DoD BAH calculator. Lenders may count BAH as qualifying income, subject to underwriting.
A VA-eligible borrower with full entitlement may be able to pursue a primary-residence purchase in Key West with no down payment and no monthly PMI. Eligibility, credit, income, the VA appraisal, and final lender approval all apply, and closing costs and prepaids are still due.
An unremarried surviving spouse of a veteran who died in service or from a service-connected disability may qualify for the full VA benefit in Key West — zero down, no PMI, and a 100% funding-fee waiver, subject to eligibility verification.