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2019 FHA Loan Limits in New Jersey

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.

If you’re looking to buy property in New Jersey, you should know that the Garden State is somewhat of a tale of two areas: large cities such as Newark, Trenton, Jersey City, Paterson and Elizabeth, and more rural areas such as Salem County, the most lightly populated county in the state.

In New Jersey, the range of Federal Housing Administration (FHA) loan limits for a single-family home starts at $314,827 in the Vineland-Bridgeton region, and rises to $726,525 in most of the rest of the state. In fiscal year 2016, the latest data available, 33,457 FHA loans were approved in New Jersey, totaling $8.4 billion in volume. New Jersey ranked 25th among U.S. states, Washington, D.C., and Puerto Rico in the number of FHA loans granted that fiscal year, comprising one-quarter of all loans in the state then, or 17,678 of 770,461 total mortgage loans.

The FHA sets and adjusts annually conforming loan limits to delineate the range of loan costs the agency will fund.

New Jersey loan limits by county

County NameOne-FamilyTwo-FamilyThree-FamilyFour-FamilyMedian Sale Price
ATLANTIC$316,250 $404,850 $489,350 $608,150 $190,000
BERGEN$726,525 $930,300 $1,124,475 $1,397,400 $1,045,000
BURLINGTON$402,500 $515,250 $622,850 $774,050 $350,000
CAMDEN$402,500 $515,250 $622,850 $774,050 $350,000
CAPE MAY$414,000 $530,000 $640,650 $796,150 $324,000
CUMBERLAND$314,827 $403,125 $487,250 $605,525 $130,000
ESSEX$726,525 $930,300 $1,124,475 $1,397,400 $1,045,000
GLOUCESTER$402,500 $515,250 $622,850 $774,050 $350,000
HUDSON$726,525 $930,300 $1,124,475 $1,397,400 $1,045,000
HUNTERDON$726,525 $930,300 $1,124,475 $1,397,400 $1,045,000
MERCER$345,000 $441,650 $533,850 $663,450 $233,000
MIDDLESEX$726,525 $930,300 $1,124,475 $1,397,400 $1,045,000
MONMOUTH$726,525 $930,300 $1,124,475 $1,397,400 $1,045,000
MORRIS$726,525 $930,300 $1,124,475 $1,397,400 $1,045,000
OCEAN$726,525 $930,300 $1,124,475 $1,397,400 $1,045,000
PASSAIC$726,525 $930,300 $1,124,475 $1,397,400 $1,045,000
SALEM$402,500 $515,250 $622,850 $774,050 $350,000
SOMERSET$726,525 $930,300 $1,124,475 $1,397,400 $1,045,000
SUSSEX$726,525 $930,300 $1,124,475 $1,397,400 $1,045,000
UNION$726,525 $930,300 $1,124,475 $1,397,400 $1,045,000
WARREN$372,600 $477,000 $576,550 $716,550 $220,000

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How are FHA loan limits set?

The monetary loan limits for FHA loans are set annually by the U.S. Department of Housing and Urban Development, or HUD. The minimum loan limit is known as a “floor,” while the maximum loan limit is known as a “ceiling;” the floor is the maximum that FHA will insure in most parts of the country, while the ceiling is the most that the FHA will insure in high-cost areas.

HUD bases these limits on the baseline national conforming loan limit, which determines the size of a loan that Fannie Mae and Freddie Mac are willing to buy. In 2019, that figure starts at $484,350. With that in mind, remember that the floor is set at 65% of the baseline, which in 2019 is $314,827.

Do you qualify for an FHA loan in New Jersey?

Now that you’ve found out a little bit more about the basics of FHA loans in New Jersey, it’s time to see if you qualify for one. As you’re preparing to do this, remember that you need to gather your documentation, which includes pay stubs, bank statements, tax returns, W-2s and any and all papers that testify to your financial picture and, ultimately, your ability to repay the loan.

This is also the time for you to research everything surrounding your pending home purchase — up to and certainly including home financing information. Visit LendingTree’s FHA page, which lists current loan rates and can equip you to get competing rates in a matter of minutes. (LendingTree is MagnifyMoney’s parent company.)

Also, be sure to pull your current credit report so that you have an accurate understanding of your financial picture. You can do this for free at AnnualCreditReport.com. There is no downside to having a better grip on your credit history — and, in fact, it’s essential as you attempt to purchase a new home.

Good luck as you move forward in the process of finding your perfect place!

Advertiser Disclosure: The products that appear on this site may be from companies from which MagnifyMoney receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MagnifyMoney does not include all financial institutions or all products offered available in the marketplace.

Allison Landa
Allison Landa |

Allison Landa is a writer at MagnifyMoney. You can email Allison here

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2019 FHA Loan Limits in Iowa

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.

While Iowa is known for gently rolling hills and cornfields, its urban population is still larger than its rural one, according to 2010 U.S. Census data. With a total population of just over 3 million, nearly 2 million live in urban areas. However, of a total land area of 55,857 square miles, just 954 square miles constitute urban centers — meaning that first-time homebuyers still have plenty of opportunities to settle in rural areas if they wish.

In Iowa, the statewide FHA loan limit for a single-family home is $314,827. During fiscal year 2018, only 0.60% of total nationwide FHA loans came from Iowa, up slightly from 0.59% one year earlier. During fiscal year 2016, the latest available data, 7,963 FHA loans were originated in the state, totaling $1 billion.

Iowa FHA loan limits by county

County NameOne-FamilyTwo-FamilyThree-FamilyFour-FamilyMedian Sale Price
ADAIR$314,827 $403,125 $487,250 $605,525 $80,000
ADAMS$314,827 $403,125 $487,250 $605,525 $49,000
ALLAMAKEE$314,827 $403,125 $487,250 $605,525 $90,000
APPANOOSE$314,827 $403,125 $487,250 $605,525 $55,000
AUDUBON$314,827 $403,125 $487,250 $605,525 $49,000
BENTON$314,827 $403,125 $487,250 $605,525 $149,000
BLACK HAWK$314,827 $403,125 $487,250 $605,525 $143,000
BOONE$314,827 $403,125 $487,250 $605,525 $120,000
BREMER$314,827 $403,125 $487,250 $605,525 $143,000
BUCHANAN$314,827 $403,125 $487,250 $605,525 $110,000
BUENA VISTA$314,827 $403,125 $487,250 $605,525 $109,000
BUTLER$314,827 $403,125 $487,250 $605,525 $100,000
CALHOUN$314,827 $403,125 $487,250 $605,525 $55,000
CARROLL$314,827 $403,125 $487,250 $605,525 $113,000
CASS$314,827 $403,125 $487,250 $605,525 $80,000
CEDAR$314,827 $403,125 $487,250 $605,525 $131,000
CERRO GORDO$314,827 $403,125 $487,250 $605,525 $99,000
CHEROKEE$314,827 $403,125 $487,250 $605,525 $80,000
CHICKASAW$314,827 $403,125 $487,250 $605,525 $90,000
CLARKE$314,827 $403,125 $487,250 $605,525 $81,000
CLAY$314,827 $403,125 $487,250 $605,525 $112,000
CLAYTON$314,827 $403,125 $487,250 $605,525 $95,000
CLINTON$314,827 $403,125 $487,250 $605,525 $95,000
CRAWFORD$314,827 $403,125 $487,250 $605,525 $74,000
DALLAS$314,827 $403,125 $487,250 $605,525 $248,000
DAVIS$314,827 $403,125 $487,250 $605,525 $127,000
DECATUR$314,827 $403,125 $487,250 $605,525 $60,000
DELAWARE$314,827 $403,125 $487,250 $605,525 $125,000
DES MOINES$314,827 $403,125 $487,250 $605,525 $88,000
DICKINSON$314,827 $403,125 $487,250 $605,525 $182,000
DUBUQUE$314,827 $403,125 $487,250 $605,525 $153,000
EMMET$314,827 $403,125 $487,250 $605,525 $60,000
FAYETTE$314,827 $403,125 $487,250 $605,525 $69,000
FLOYD$314,827 $403,125 $487,250 $605,525 $80,000
FRANKLIN$314,827 $403,125 $487,250 $605,525 $65,000
FREMONT$314,827 $403,125 $487,250 $605,525 $73,000
GREENE$314,827 $403,125 $487,250 $605,525 $70,000
GRUNDY$314,827 $403,125 $487,250 $605,525 $143,000
GUTHRIE$314,827 $403,125 $487,250 $605,525 $248,000
HAMILTON$314,827 $403,125 $487,250 $605,525 $82,000
HANCOCK$314,827 $403,125 $487,250 $605,525 $79,000
HARDIN$314,827 $403,125 $487,250 $605,525 $76,000
HARRISON$314,827 $403,125 $487,250 $605,525 $205,000
HENRY$314,827 $403,125 $487,250 $605,525 $98,000
HOWARD$314,827 $403,125 $487,250 $605,525 $80,000
HUMBOLDT$314,827 $403,125 $487,250 $605,525 $81,000
IDA$314,827 $403,125 $487,250 $605,525 $63,000
IOWA$314,827 $403,125 $487,250 $605,525 $153,000
JACKSON$314,827 $403,125 $487,250 $605,525 $99,000
JASPER$314,827 $403,125 $487,250 $605,525 $106,000
JEFFERSON$314,827 $403,125 $487,250 $605,525 $100,000
JOHNSON$314,827 $403,125 $487,250 $605,525 $240,000
JONES$314,827 $403,125 $487,250 $605,525 $149,000
KEOKUK$314,827 $403,125 $487,250 $605,525 $55,000
KOSSUTH$314,827 $403,125 $487,250 $605,525 $87,000
LEE$314,827 $403,125 $487,250 $605,525 $94,000
LINN$314,827 $403,125 $487,250 $605,525 $149,000
LOUISA$314,827 $403,125 $487,250 $605,525 $90,000
LUCAS$314,827 $403,125 $487,250 $605,525 $72,000
LYON$314,827 $403,125 $487,250 $605,525 $100,000
MADISON$314,827 $403,125 $487,250 $605,525 $248,000
MAHASKA$314,827 $403,125 $487,250 $605,525 $87,000
MARION$314,827 $403,125 $487,250 $605,525 $133,000
MARSHALL$314,827 $403,125 $487,250 $605,525 $90,000
MILLS$314,827 $403,125 $487,250 $605,525 $205,000
MITCHELL$314,827 $403,125 $487,250 $605,525 $89,000
MONONA$314,827 $403,125 $487,250 $605,525 $60,000
MONROE$314,827 $403,125 $487,250 $605,525 $61,000
MONTGOMERY$314,827 $403,125 $487,250 $605,525 $69,000
MUSCATINE$314,827 $403,125 $487,250 $605,525 $117,000
O'BRIEN$314,827 $403,125 $487,250 $605,525 $85,000
OSCEOLA$314,827 $403,125 $487,250 $605,525 $75,000
PAGE$314,827 $403,125 $487,250 $605,525 $72,000
PALO ALTO$314,827 $403,125 $487,250 $605,525 $79,000
PLYMOUTH$314,827 $403,125 $487,250 $605,525 $175,000
POCAHONTAS$314,827 $403,125 $487,250 $605,525 $61,000
POLK$314,827 $403,125 $487,250 $605,525 $248,000
POTTAWATTAMIE$314,827 $403,125 $487,250 $605,525 $205,000
POWESHIEK$314,827 $403,125 $487,250 $605,525 $119,000
RINGGOLD$314,827 $403,125 $487,250 $605,525 $68,000
SAC$314,827 $403,125 $487,250 $605,525 $55,000
SCOTT$314,827 $403,125 $487,250 $605,525 $155,000
SHELBY$314,827 $403,125 $487,250 $605,525 $87,000
SIOUX$314,827 $403,125 $487,250 $605,525 $139,000
STORY$314,827 $403,125 $487,250 $605,525 $193,000
TAMA$314,827 $403,125 $487,250 $605,525 $78,000
TAYLOR$314,827 $403,125 $487,250 $605,525 $50,000
UNION$314,827 $403,125 $487,250 $605,525 $67,000
VAN BUREN$314,827 $403,125 $487,250 $605,525 $65,000
WAPELLO$314,827 $403,125 $487,250 $605,525 $127,000
WARREN$314,827 $403,125 $487,250 $605,525 $248,000
WASHINGTON$314,827 $403,125 $487,250 $605,525 $240,000
WAYNE$314,827 $403,125 $487,250 $605,525 $40,000
WEBSTER$314,827 $403,125 $487,250 $605,525 $75,000
WINNEBAGO$314,827 $403,125 $487,250 $605,525 $76,000
WINNESHIEK$314,827 $403,125 $487,250 $605,525 $135,000
WOODBURY$314,827 $403,125 $487,250 $605,525 $175,000
WORTH$314,827 $403,125 $487,250 $605,525 $99,000
WRIGHT$314,827 $403,125 $487,250 $605,525 $67,000
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How are FHA loan limits determined?

The monetary loan limits for FHA loans are set annually by the Department of Housing and Urban Development, or HUD. The minimum loan limit is known as a “floor,” while the maximum loan limit is known as a “ceiling.” The floor is the maximum that the FHA will insure in most parts of the country, while the ceiling is the maximum that the FHA will insure in high-cost areas.

HUD bases these limits on the baseline national conforming loan limit, which determines the size of a loan that Fannie Mae and Freddie Mac are willing to buy. In 2019, that figure is $484,350. With that in mind, remember that the floor is set at 65% of the baseline, or $314,827 for 2019.

Do you qualify for an FHA loan in Iowa?

Now that you have a better understanding of the FHA loan basics in Iowa, it’s time for you to move forward and see if you qualify for one. When preparing to apply for a loan, it’s important to keep a few things in mind:

  • Be sure to pull your credit report (you can get a free one at AnnualCreditReport.com) to get a better sense of your financial picture.
  • Gather documentation that you’re going to need, including pay stubs, W-2s, bank statements, savings paperwork and anything else that pertains to your ability to make a down payment.
  • Start researching the areas in Iowa where you would most like to live; knowing specifics will help you better hone your search once you’re ready to get started.

Also, make sure to visit our complete guide to FHA loans. The more you know, the better equipped you will be to find a well-priced house that you can afford. Best of luck finding your perfect Iowa home!

Advertiser Disclosure: The products that appear on this site may be from companies from which MagnifyMoney receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MagnifyMoney does not include all financial institutions or all products offered available in the marketplace.

Allison Landa
Allison Landa |

Allison Landa is a writer at MagnifyMoney. You can email Allison here

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2019 FHA Loan Limits in Idaho

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.

Whether you’re taking in the sights of Coeur d’Alene or exploring the great outdoors at the National Wildlife Refuge Complex, Idaho has a way of pulling you in. If you’re looking to put down roots in the Gem State, you should know that you’re not alone, particularly if you’re coming from out of state — according to July 2017 U.S. Census Bureau statistics, there was a 6% estimated base population increase between April 2010 and July 2018. With a population of slightly fewer than 88 people per square mile, Idaho is decidedly a mostly rural state.

In Idaho, the range of FHA limits for a single-family home begins at $314,827 in the great majority of the state and ranges as high as $726,525 in Jackson. Another pricey area of Idaho, Hailey in Sun Valley, has a loan limit of $646,300 and has played home to celebrities including Tom Hanks, Clint Eastwood, Bill Gates, Justin Timberlake and Oprah Winfrey.

Idaho FHA loan limits by county

County NameOne-FamilyTwo-FamilyThree-FamilyFour-FamilyMedian Sale Price
ADA$331,200 $424,000 $512,500 $636,900 $288,000
ADAMS$314,827 $403,125 $487,250 $605,525 $182,000
BANNOCK$314,827 $403,125 $487,250 $605,525 $164,000
BEAR LAKE$314,827 $403,125 $487,250 $605,525 $177,000
BENEWAH$314,827 $403,125 $487,250 $605,525 $154,000
BINGHAM$314,827 $403,125 $487,250 $605,525 $165,000
BLAINE$646,300 $827,400 $1,000,100 $1,242,900 $376,000
BOISE$331,200 $424,000 $512,500 $636,900 $288,000
BONNER$314,827 $403,125 $487,250 $605,525 $237,000
BONNEVILLE$314,827 $403,125 $487,250 $605,525 $237,000
BOUNDARY$314,827 $403,125 $487,250 $605,525 $173,000
BUTTE$314,827 $403,125 $487,250 $605,525 $237,000
CAMAS$646,300 $827,400 $1,000,100 $1,242,900 $376,000
CANYON$331,200 $424,000 $512,500 $636,900 $288,000
CARIBOU$314,827 $403,125 $487,250 $605,525 $151,000
CASSIA$314,827 $403,125 $487,250 $605,525 $178,000
CLARK$314,827 $403,125 $487,250 $605,525 $75,000
CLEARWATER$314,827 $403,125 $487,250 $605,525 $149,000
CUSTER$314,827 $403,125 $487,250 $605,525 $148,000
ELMORE$314,827 $403,125 $487,250 $605,525 $165,000
FRANKLIN$314,827 $403,125 $487,250 $605,525 $250,000
FREMONT$314,827 $403,125 $487,250 $605,525 $209,000
GEM$331,200 $424,000 $512,500 $636,900 $288,000
GOODING$314,827 $403,125 $487,250 $605,525 $137,000
IDAHO$314,827 $403,125 $487,250 $605,525 $131,000
JEFFERSON$314,827 $403,125 $487,250 $605,525 $237,000
JEROME$314,827 $403,125 $487,250 $605,525 $193,000
KOOTENAI$314,827 $403,125 $487,250 $605,525 $273,000
LATAH$314,827 $403,125 $487,250 $605,525 $256,000
LEMHI$314,827 $403,125 $487,250 $605,525 $156,000
LEWIS$314,827 $403,125 $487,250 $605,525 $100,000
LINCOLN$646,300 $827,400 $1,000,100 $1,242,900 $376,000
MADISON$314,827 $403,125 $487,250 $605,525 $209,000
MINIDOKA$314,827 $403,125 $487,250 $605,525 $178,000
NEZ PERCE$314,827 $403,125 $487,250 $605,525 $215,000
ONEIDA$314,827 $403,125 $487,250 $605,525 $139,000
OWYHEE$331,200 $424,000 $512,500 $636,900 $288,000
PAYETTE$314,827 $403,125 $487,250 $605,525 $184,000
POWER$314,827 $403,125 $487,250 $605,525 $144,000
SHOSHONE$314,827 $403,125 $487,250 $605,525 $128,000
TETON$726,525 $930,300 $1,124,475 $1,397,400 $789,000
TWIN FALLS$314,827 $403,125 $487,250 $605,525 $193,000
VALLEY$314,827 $403,125 $487,250 $605,525 $250,000
WASHINGTON$314,827 $403,125 $487,250 $605,525 $167,000

How are FHA loan limits calculated?

The loan limits for FHA loans are set annually by the Department of Housing and Urban Development, or HUD. The minimum loan limit is known as a “floor,” and the maximum loan limit is known as a “ceiling.” The floor is the maximum that FHA will insure in most parts of the country, while the ceiling is the maximum that the FHA will insure in high-cost areas.

HUD bases these limits on the national conforming loan limit, which determines the size of a loan that Fannie Mae and Freddie Mac are willing to buy. In 2019, that figure is $484,350. Remember that the floor is set at 65% of the baseline, which in 2019 is $314,827. The ceiling, $726,525 for 2019, is 150% of the baseline limit.

Do you qualify for an FHA loan in Idaho?

Having learned some of the basics of FHA loans, you are now able to move forward and see if you qualify for one.

Now is also the time for you to research all aspects of your home purchase — up to and including home financing information. Visit LendingTree’s FHA loan page, which lists current loan rates and can help you get competing rates in a matter of minutes. (LendingTree is the parent company of MagnifyMoney)

Also, you should be sure to pull your current credit report in order to have an accurate understanding of your financial picture. You can do this for free at AnnualCreditReport.com. Keep in mind that being on top of your credit history is an essential part of your new home purchase and that mortgage lenders will look at factors such as

  • Debt-to-income (DTI) ratio,which comprises front-end (gross pretax income) and back-end (gross pretax income divided by your total recurring debt payments) components.
  • Credit scores, which aren’t always deal-breakers but are certainly major indicators of the type of consumer and borrower you have been and potentially still will be.
  • Employment history, which in turn reassures the lender that you will be able to repay the debt.

Advertiser Disclosure: The products that appear on this site may be from companies from which MagnifyMoney receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MagnifyMoney does not include all financial institutions or all products offered available in the marketplace.

Allison Landa
Allison Landa |

Allison Landa is a writer at MagnifyMoney. You can email Allison here

Compare Mortgage Loan Offers for Free

Home Purchase Quotes

Home Refinance Quotes

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