Northwest Florida

Walton County, FL home buyer guide

Today's mortgage rates, FHA loan limits, and first-time buyer programs available in DeFuniak Springs, Santa Rosa Beach, Freeport and across Walton County.

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Walton County snapshot

Median home price

$595,000

Population

92,000

FHA loan limit (1-unit)

$524,225

County seat

DeFuniak Springs

Walton County sits in Northwest Florida, anchored by DeFuniak Springs and including Santa Rosa Beach and Freeport. The median home price here runs around $595,000, and most buyers qualify for FHA, Conventional 97%, or Florida's Hometown Heroes assistance program.

Today's example payments

Monthly payment on a $595,000 Walton 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

$4,686

Rate (mid): 6.520%
Down payment: $29,750 (5.0%)
Loan amount: $565,250

5% down · PMI applies

FHA

Monthly payment

$4,602

Rate (mid): 6.145%
Down payment: $20,825 (3.5%)
Loan amount: $574,175

3.5% down · MIP included

VA

Monthly payment

$4,681

Rate (mid): 6.020%
Down payment: $0 (0.0%)
Loan amount: $595,000

0% down · no PMI

Hometown Heroes

Monthly payment

$4,777

Rate (mid): 6.270%
Down payment: $0 (0.0%)
Loan amount: $595,000

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.