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Conventional Loans in Oldsmar, FL (2026): Down Payment, PMI & Limits — $346,900 Median

Quick answer

Conventional buyers in Oldsmar, FL need $10,407 at 3% down or $69,380 at 20% down on the $346,900 Census median home value. Pinellas County's $832,750 conforming limit is $485,850 above that median; 5% down gives an estimated $2,829/month payment including $137 estimated PMI.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsData last updated

How does Oldsmar compare with Florida?

The city's median is above the statewide median by $21,900. Prices sit in the middle price-to-income band; compare the payment with your own income rather than treating the median as a budget. The median is 41.7% of the conforming limit. A median-valued purchase fits the FHA base-loan limit at 3.5% down.

How much down payment and PMI would a typical Oldsmar home need?

Down paymentCash downEstimated PMI / monthEstimated PITI + PMIIncome at 28% / 36%
3%$10,407$140$2,879$124,000 / $96,000
5%$17,345$137$2,829$122,000 / $95,000
10%$34,690$130$2,704$116,000 / $91,000
20%$69,380$0$2,339$101,000 / $78,000

3%-down conventional products have borrower/program restrictions. PMI uses a fixed 0.5% annual loan-balance estimate at less than 20% down; it is not a credit-specific quote or an assumed discount by down payment. Payments include state-average tax and insurance and assume zero other debts.

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Is there down payment assistance in Oldsmar?

Home buying in Oldsmar · The Florida version

Conventional loans in the nearest eligible cities

Safety HarborWestchaseEast LakePalm HarborTown 'n' CountryKeystone

Home loan options in Oldsmar

FHA loansFirst-time home buyer programsVA loansHome affordabilityDown payment assistance

Frequently asked questions

Conventional buyers in Oldsmar, FL need $10,407 at 3% down or $69,380 at 20% down on the $346,900 Census median home value. Pinellas County's $832,750 conforming limit is $485,850 above that median; 5% down gives an estimated $2,829/month payment including $137 estimated PMI.

0 city-level, 2 county-level and 1 statewide programs are verified for this city (3 total). Eligibility and available funds depend on each official program's terms.

Median household income is $76,100, while median home value is $346,900, a 4.56 price-to-income ratio. At 5% down, 7.18% and state-average taxes and insurance, about $122,000 income is needed under the 28% housing guideline; debts also count toward the 36% total-debt guideline.

Sources

Data last updated November 5, 2026.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.