Northwest Florida

Okaloosa County, FL home buyer guide

Today's mortgage rates, FHA loan limits, and first-time buyer programs available in Crestview, Fort Walton Beach, Crestview and across Okaloosa County.

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Okaloosa County snapshot

Median home price

$395,000

Population

220,000

FHA loan limit (1-unit)

$524,225

County seat

Crestview

Okaloosa is anchored by Eglin AFB and Hurlburt Field — VA loans are the dominant first-time-buyer product, and Destin's beach market pushes prices well above the Panhandle average.

Today's example payments

Monthly payment on a $395,000 Okaloosa County home

Estimates include principal, interest, Florida property tax (~0.98%), and homeowners insurance (~1.25%). PMI/MIP varies. Updated June 14, 2026.

Live rates

Conventional

Monthly payment

$3,111

Rate (mid): 6.520%
Down payment: $19,750 (5.0%)
Loan amount: $375,250

5% down · PMI applies

FHA

Monthly payment

$3,055

Rate (mid): 6.145%
Down payment: $13,825 (3.5%)
Loan amount: $381,175

3.5% down · MIP included

VA

Monthly payment

$3,107

Rate (mid): 6.020%
Down payment: $0 (0.0%)
Loan amount: $395,000

0% down · no PMI

Hometown Heroes

Monthly payment

$3,171

Rate (mid): 6.270%
Down payment: $0 (0.0%)
Loan amount: $395,000

Up to $35K assistance

Educational estimates only. Your actual rate and payment depend on credit, debt-to-income, property type, lender pricing, and the exact insurance quote for your home.