Dukes County FHA Loan Calculator

In Dukes County, the FHA loan data reveals a unique market dynamic. Despite the 26.24% down payment being far above FHA’s minimum, the 73.76% loan-to-value ratio confirms buyers are still leveraging significant equity. However, FHA’s mandatory Mortgage Insurance Premium (MIP) is required for the loan’s life, regardless of this high down payment—making it ideal for buyers with sub-620 credit scores seeking primary residences. The effective property tax rate of 0.46% is low, but the recent 2.7% inflation-adjusted tax increase will raise monthly costs. When evaluating an FHA loan with PMI and taxes in Dukes County, MA, this tax shift directly impacts true affordability for owner-occupants.