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Personal Loans

LendingPoint Personal Loan Review

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.

APR

9.99%
To
35.99%

Credit Req.

585

Minimum Credit Score

Terms

24 to 48

months

Origination Fee

0.00% - 6.00%

SEE OFFERS Secured

on LendingTree’s secure website

LendingPoint is an online lender that targets borrowers with fair credit, and allows borrowing up to $25,000.... Read More

LendingPoint personal loan details
 

Fees and penalties

  • Terms: 24 to 48 months
  • APR range: 9.99% to 35.99%
  • Loan amounts: $2,000 to $25,000
  • Time to funding: After the final approval, funds can be transferred as quickly as the next business day.
  • Hard pull/soft pull: LendingPoint conducts a soft pull when you first apply for a personal loan quote. After you review the loan offer(s) and select one, a hard pull will then be done to move forward with the final loan approval process.
  • Origination fee: 0.00% - 6.00%, depending on your state of residence and credit history.
  • Prepayment fee: None
  • Late payment fee: Not specified

Many lenders are strict about how many loans you can have at one time, sometimes maxing out at one per borrower. However, LendingPoint may allow you to take out two loans at once, depending on your current loan’s standing and your overall credit history. Being able to take out another personal loan can be helpful if a new financial issue comes up, such as an unexpected home repair, where you need more funds than your current loan can’t cover.

LendingPoint’s personal loans may be used for many different financial reasons. Whether you need to cover an upcoming home renovation, fund a car purchase or pay off a medical bill your insurance won’t cover, a personal loan from LendingPoint can help. These personal loans can also be used to help consolidate your debt and refinance your credit cards.

Eligibility requirements

  • Minimum credit score: 585
  • Minimum credit history: LendingPoint looks at your overall financial potential to help determine whether you’re a good candidate for a personal loan, but it will only consider those who can show income of at least $20,000 a year.
  • Maximum debt-to-income ratio: Not specified.

All borrowers must be at least 18 years old and reside in one of LendingPoint’s 49 designated states (as stated above, LendingPoint doesn’t operate in West Virginia) or the District of Columbia. Borrowers are encouraged to show consistent employment history for at least the past 12 months and must have a bank account.

Applying for a personal loan from LendingPoint

To begin the application process with LendingPoint, you’ll first need to provide basic background information, such as your name, date of birth, Social Security number, and annual income. This is the pre-approval process that can generate one or more loan offers in minutes.

If you choose one of the offers and agree with the terms and rates, you will then need to provide any additional information and documents LendingPoint may request, including your driver’s license, bank statements (with voided check) and proof of income. Once all documents have been received and reviewed, a final loan approval can happen in a few hours, and your funds can possibly be distributed to your bank account within the next business day.

Pros and cons of a LendingPoint personal loan

Pros:

Cons:

  • No prepayment penalty. If you decide to pay off your loan before your term is up, LendingPoint will not charge you a prepayment penalty.
  • Fast approval and funding. Many borrowers are pre-approved for a personal loan within a few minutes and approved for the actual loan within hours. Borrowers can receive funds in their bank account as soon as the next business day, upon approval and receipt of additional documents.
  • Works with borrowers with various different credit scores. LendingPoint provides personal loans to borrowers with a range of credit scores, even those with poor credit.
  • Bankruptcy is not grounds for automatic disqualification. Borrowers with a discharged bankruptcy of 12 months or more can still apply for a personal loan with LendingPoint. Your credit history, income and discharged bankruptcy timeframe will all be determining factors.
  • No joint or cosigner loans. Some lenders allow you to have a cosigner with a higher credit score in order to qualify for a better personal loan rate. That is not the case with LendingPoint’s personal loans, as they are based only on your individual credit history.
  • Fluctuating payment schedule. Your monthly due date may change because LendingPoint usually uses a 28-day payment cycle.
  • Higher interest rates. LendingPoint may work with borrowers with fair credit, but that can mean higher interest rates when compared with other lenders.
  • Origination fee. Many lenders don’t charge an origination fee for personal loans, which is why LendingPoint’s possible charge of up to 6.00% can be off-putting.

Who’s the best fit for a LendingPoint personal loan

If you have low to fair credit and meet the income requirements, LendingPoint could be a good option, especially if you need funds fast. The lack of a prepayment penalty is a plus, but other lenders offer lower rates, even for those with less than ideal credit.

Still, it’s always a good idea to search and compare personal loans before making a final decision. Shop around to find the best personal loans with a rate and term that’s ideal for your financial needs, while also keeping an eye out for any fees associated with a loan, including origination fees. LendingPoint may be the best fit for you, but you should take some time to compare with others to know for sure.

LendingPoint consumer reviews

A company’s rating on the Better Business Bureau is a good indicator on the way it handles its overall business. A major plus for LendingPoint is its A+ rating on the BBB. It has also been accredited with the BBB since 2014.

LendingPoint also flourishes on LendingTree’s website (Disclaimer: MagnifyMoney is owned by LendingTree), boasting an average of 4.5 stars from its 68 reviews. Customer service and responsiveness have both scored 5-star ratings, and 90% of customers would recommend LendingPoint to others.

In general, the reviews for LendingPoint on LendingTree praise the company’s customer service, noting the “personable” and knowledgeable” representatives and that the overall experience was a “fast” and “easy” process.

“The costumer service is top notch!” said reviewer Christopher from Oldsmar, Fla. “Fast, easy, just be on your computer when you’re talking with you rep and they just walk you right through everything!” Fellow Floridian Anna from Saint Augustine thanked LendingPoint and said that she “appreciated the quick, personal and no hassle process.”

Customers also appreciated how “fast” and “convenient” it was to receive their funds from a LendingPoint loan. Several other customers said they would or already have recommended LendingPoint’s services to a friend, as well.

See all LendingPoint customer reviews on LendingTree here.

LendingPoint FAQ

LendingPoint offers personal loans to borrowers who need financial help to pay for a major purchase, such as a new home appliance or wedding, or to help consolidate debt. LendingPoint’s personal loans can reach up to $25,000 with terms of 24 to 48 months.

You can use your personal loan for many financial reasons, anything from home improvement tasks to debt consolidation, medical bills and even vacations.

You may be able to change your due date by contacting the lender directly five business days before your bill is due.

Yes, you are allowed to make an extra payment on your loan if you choose to. You can also pay off your loan early without any penalty fees.

You must have an annual income equal to at least $20,000 which can include funds from your job or elsewhere, such as retirement.

In order to qualify for a personal loan with LendingPoint your credit score can be anywhere from 585 all the way to 850.

No. LendingPoint doesn’t charge a fee to use its online application.

Yes, you can set up AutoPay so your payments are automatically deducted from your checking or savings account each month.

Alternative personal loan options

Peerform

Peerform
APR

5.99%
To
29.99%

Credit Req.

600

Minimum Credit Score

Terms

36 or 60

months

Origination Fee

1.00% - 5.00%

Even with a credit score of 600, you still might be able to secure a loan through Peerform. ... Read More

Peerform offers lower fixed rates ranging from 5.99% to 29.99% with loan amounts starting at $4,000 and maxing out at $25,000; terms are between 36 or 60 months.

Similar to LendingPoint, there are no prepayment penalties should you want to pay off your loan in advance, but there may be an origination fee that varies from 1.00% - 5.00%. There are other fees to consider with Peerform as well — these include late fees,check processing fees and unsuccessful payment fees, all of which can range around $15 each.

LendingClub

APR

6.95%
To
35.89%

Credit Req.

Not specified

Terms

36 or 60

months

Origination Fee

1.00% - 6.00%

SEE OFFERS Secured

on LendingTree’s secure website

LendingClub is a great tool for borrowers that can offer competitive interest rates.... Read More

Peer-to-peer lender LendingClub offers loans up to $40,000, which is good for those looking to borrow more money. However, you will likely have to wait a little longer to receive the funds — LendingClub’s earliest distribution is within 7 business days.

There are no prepayment penalties, but LendingClub charges an origination fee of anywhere from 1.00% - 6.00%, and you could also be charged a check processing fee or late payment fee. Credit history, the loan amount and any other outstanding debt are some of the factors used to determine the APR, which usually ranges from 6.95% to 35.89%.

OneMain Financial

APR

18.00%
To
35.99%

Credit Req.

Not specified

Terms

24 to 60

months

Origination Fee

1.00% - 10.00%

SEE OFFERS Secured

on LendingTree’s secure website

Advertiser Disclosure

OneMain Financial offers quick turnaround times and you may get your money the same day... Read More


Not all applicants will qualify for larger loan amounts or most favorable loan terms. Loan approval and actual loan terms depend on your ability to meet our credit standards (including a responsible credit history, sufficient income after monthly expenses, and availability of collateral). Larger loan amounts require a first lien on a motor vehicle no more than ten years old, that meets our value requirements, titled in your name with valid insurance. Maximum annual percentage rate (APR) is 35.99%, subject to state restrictions. APRs are generally higher on loans not secured by a vehicle. The lowest APR shown represents the 10% of loans with the most favorable APR. Active duty military, their spouse or dependents covered under the Military Lending Act may not pledge any vehicle as collateral for a loan. OneMain loan proceeds cannot be used for postsecondary educational expenses as defined by the CFPB’s Regulation Z, such as college, university or vocational expenses; for any business or commercial purpose; to purchase securities; or for gambling or illegal purposes. Borrowers in these states are subject to these minimum loan sizes: Alabama: $2,100. California: $3,000. Georgia: Unless you are a present customer, $3,100 minimum loan amount. Ohio: $2,000. Virginia: $2,600.

Borrowers (other than present customers) in these states are subject to these maximum unsecured loan sizes: Florida: $8,000. Iowa: $8,500. Maine: $7,000. Mississippi: $7,500. North Carolina: $7,500. New York: $20,000. Texas: $8,000. West Virginia: $7,500. An unsecured loan is a loan which does not require you to provide collateral (such as a motor vehicle) to the lender.

OneMain Financial has issued loans for more than 100 years and, similar to LendingPoint, can have money in your hands within the next business day after final approval. Loan amounts are from $1,500 to $20,000 with an APR range of 18.00% to 35.99%.

Borrowers are eligible for terms of 24 to 60 months, depending on your credit and financial history and any other debts you may have. Credit score requirements vary and all personal loans have fixed rates and payments without any prepayment penalties. You may be able to get a loan offer within minutes when you apply online but will need to meet with a loan specialist in person for final approval.

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.

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Up to $50,000

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Won’t impact your credit score

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Mortgage

2019 FHA Loan Limits in Missouri

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.

Intro

Missouri is known for Anheuser-Busch, great barbecue, the fall colors of the Ozarks and agricultural farmland. But while most of the state’s land (97.4%) is considered to be rural, fewer than half of its residents (30.6%) live in these areas. A majority of Missourians live in suburbs that border major metropolitan and smaller cities.

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By clicking “See Rates”, you will be directed to LendingTree. Based on your creditworthiness, you may be matched with up to five different lenders in our partner network.

If you’re looking to buy a home in Missouri, you’ll notice the median sales price differs in each county, with Wayne County (rural) being the lowest at $69,000. The highest median sales price in Missouri is $293,000 in several counties such as Clinton, Jackson, Clay, Ray, Caldwell, Cass, Platte, Bates, Lafayette, all of which are in or near the Kansas City area. In St. Louis County, the median home sales price is $236,000, although some suburban towns in West County St. Louis feature homes with a median sales price several hundred thousand dollars higher.

If you need financial assistance to help purchase your home in Missouri, a Federal Housing Administration (FHA) loan might be able to help. A 2016 FHA report with the most up-to-date information available on FHA mortgage issuances explains 25.5% of mortgages in Missouri at that time were FHA loans. At the time, the state ranked No. 23 in the nation for FHA loan origination; a 2018 report showed 2.15% of all FHA loans nationwide were originated in Missouri.

While an FHA loan might be a good choice to help pay for a new home, there are loan limits to consider. Each year, these loan limits are updated, based on current home prices and living costs in the area, allowing a certain maximum amount to be borrowed.

For a single-family home in Missouri, borrowing for most will likely get the standard FHA loan limit of $314,827. Those who wish to purchase a new single-family home in higher-cost areas of the state have a loan limit of $336,950.

Missouri FHA Loan Limits by County

County NameOne-FamilyTwo-FamilyThree-FamilyFour-FamilyMedian Sale Price
ADAIR$314,827 $403,125 $487,250 $605,525 $122,000
ANDREW$314,827 $403,125 $487,250 $605,525 $143,000
ATCHISON$314,827 $403,125 $487,250 $605,525 $89,000
AUDRAIN$314,827 $403,125 $487,250 $605,525 $108,000
BARRY$314,827 $403,125 $487,250 $605,525 $114,000
BARTON$314,827 $403,125 $487,250 $605,525 $104,000
BATES$336,950 $431,350 $521,400 $648,000 $293,000
BENTON$314,827 $403,125 $487,250 $605,525 $120,000
BOLLINGER$314,827 $403,125 $487,250 $605,525 $163,000
BOONE$314,827 $403,125 $487,250 $605,525 $196,000
BUCHANAN$314,827 $403,125 $487,250 $605,525 $143,000
BUTLER$314,827 $403,125 $487,250 $605,525 $120,000
CALDWELL$336,950 $431,350 $521,400 $648,000 $293,000
CALLAWAY$314,827 $403,125 $487,250 $605,525 $163,000
CAMDEN$314,827 $403,125 $487,250 $605,525 $187,000
CAPE GIRARDEAU$314,827 $403,125 $487,250 $605,525 $163,000
CARROLL$314,827 $403,125 $487,250 $605,525 $87,000
CARTER$314,827 $403,125 $487,250 $605,525 $104,000
CASS$336,950 $431,350 $521,400 $648,000 $293,000
CEDAR$314,827 $403,125 $487,250 $605,525 $109,000
CHARITON$314,827 $403,125 $487,250 $605,525 $92,000
CHRISTIAN$314,827 $403,125 $487,250 $605,525 $184,000
CLARK$314,827 $403,125 $487,250 $605,525 $94,000
CLAY$336,950 $431,350 $521,400 $648,000 $293,000
CLINTON$336,950 $431,350 $521,400 $648,000 $293,000
COLE$314,827 $403,125 $487,250 $605,525 $163,000
COOPER$314,827 $403,125 $487,250 $605,525 $131,000
CRAWFORD$314,827 $403,125 $487,250 $605,525 $120,000
DADE$314,827 $403,125 $487,250 $605,525 $88,000
DALLAS$314,827 $403,125 $487,250 $605,525 $184,000
DAVIESS$314,827 $403,125 $487,250 $605,525 $107,000
DEKALB$314,827 $403,125 $487,250 $605,525 $143,000
DENT$314,827 $403,125 $487,250 $605,525 $109,000
DOUGLAS$314,827 $403,125 $487,250 $605,525 $130,000
DUNKLIN$314,827 $403,125 $487,250 $605,525 $75,000
FRANKLIN$314,827 $403,125 $487,250 $605,525 $236,000
GASCONADE$314,827 $403,125 $487,250 $605,525 $125,000
GENTRY$314,827 $403,125 $487,250 $605,525 $93,000
GREENE$314,827 $403,125 $487,250 $605,525 $184,000
GRUNDY$314,827 $403,125 $487,250 $605,525 $91,000
HARRISON$314,827 $403,125 $487,250 $605,525 $81,000
HENRY$314,827 $403,125 $487,250 $605,525 $97,000
HICKORY$314,827 $403,125 $487,250 $605,525 $98,000
HOLT$314,827 $403,125 $487,250 $605,525 $98,000
HOWARD$314,827 $403,125 $487,250 $605,525 $117,000
HOWELL$314,827 $403,125 $487,250 $605,525 $123,000
IRON$314,827 $403,125 $487,250 $605,525 $89,000
JACKSON$336,950 $431,350 $521,400 $648,000 $293,000
JASPER$314,827 $403,125 $487,250 $605,525 $125,000
JEFFERSON$314,827 $403,125 $487,250 $605,525 $236,000
JOHNSON$314,827 $403,125 $487,250 $605,525 $172,000
KNOX$314,827 $403,125 $487,250 $605,525 $79,000
LACLEDE$314,827 $403,125 $487,250 $605,525 $115,000
LAFAYETTE$336,950 $431,350 $521,400 $648,000 $293,000
LAWRENCE$314,827 $403,125 $487,250 $605,525 $124,000
LEWIS$314,827 $403,125 $487,250 $605,525 $105,000
LINCOLN$314,827 $403,125 $487,250 $605,525 $236,000
LINN$314,827 $403,125 $487,250 $605,525 $75,000
LIVINGSTON$314,827 $403,125 $487,250 $605,525 $105,000
MACON$314,827 $403,125 $487,250 $605,525 $98,000
MADISON$314,827 $403,125 $487,250 $605,525 $96,000
MARIES$314,827 $403,125 $487,250 $605,525 $129,000
MARION$314,827 $403,125 $487,250 $605,525 $131,000
MCDONALD$314,827 $403,125 $487,250 $605,525 $180,000
MERCER$314,827 $403,125 $487,250 $605,525 $90,000
MILLER$314,827 $403,125 $487,250 $605,525 $132,000
MISSISSIPPI$314,827 $403,125 $487,250 $605,525 $83,000
MONITEAU$314,827 $403,125 $487,250 $605,525 $163,000
MONROE$314,827 $403,125 $487,250 $605,525 $107,000
MONTGOMERY$314,827 $403,125 $487,250 $605,525 $114,000
MORGAN$314,827 $403,125 $487,250 $605,525 $152,000
NEW MADRID$314,827 $403,125 $487,250 $605,525 $116,000
NEWTON$314,827 $403,125 $487,250 $605,525 $125,000
NODAWAY$314,827 $403,125 $487,250 $605,525 $133,000
OREGON$314,827 $403,125 $487,250 $605,525 $85,000
OSAGE$314,827 $403,125 $487,250 $605,525 $163,000
OZARK$314,827 $403,125 $487,250 $605,525 $89,000
PEMISCOT$314,827 $403,125 $487,250 $605,525 $80,000
PERRY$314,827 $403,125 $487,250 $605,525 $127,000
PETTIS$314,827 $403,125 $487,250 $605,525 $119,000
PHELPS$314,827 $403,125 $487,250 $605,525 $128,000
PIKE$314,827 $403,125 $487,250 $605,525 $114,000
PLATTE$336,950 $431,350 $521,400 $648,000 $293,000
POLK$314,827 $403,125 $487,250 $605,525 $184,000
PULASKI$314,827 $403,125 $487,250 $605,525 $155,000
PUTNAM$314,827 $403,125 $487,250 $605,525 $95,000
RALLS$314,827 $403,125 $487,250 $605,525 $131,000
RANDOLPH$314,827 $403,125 $487,250 $605,525 $97,000
RAY$336,950 $431,350 $521,400 $648,000 $293,000
REYNOLDS$314,827 $403,125 $487,250 $605,525 $77,000
RIPLEY$314,827 $403,125 $487,250 $605,525 $90,000
SALINE$314,827 $403,125 $487,250 $605,525 $98,000
SCHUYLER$314,827 $403,125 $487,250 $605,525 $122,000
SCOTLAND$314,827 $403,125 $487,250 $605,525 $84,000
SCOTT$314,827 $403,125 $487,250 $605,525 $124,000
SHANNON$314,827 $403,125 $487,250 $605,525 $99,000
SHELBY$314,827 $403,125 $487,250 $605,525 $80,000
ST. CHARLES$314,827 $403,125 $487,250 $605,525 $236,000
ST. CLAIR$314,827 $403,125 $487,250 $605,525 $94,000
ST. FRANCOIS$314,827 $403,125 $487,250 $605,525 $116,000
ST. LOUIS$314,827 $403,125 $487,250 $605,525 $236,000
ST. LOUIS CITY$314,827 $403,125 $487,250 $605,525 $236,000
STE. GENEVIEVE$314,827 $403,125 $487,250 $605,525 $133,000
STODDARD$314,827 $403,125 $487,250 $605,525 $106,000
STONE$314,827 $403,125 $487,250 $605,525 $164,000
SULLIVAN$314,827 $403,125 $487,250 $605,525 $86,000
TANEY$314,827 $403,125 $487,250 $605,525 $164,000
TEXAS$314,827 $403,125 $487,250 $605,525 $112,000
VERNON$314,827 $403,125 $487,250 $605,525 $102,000
WARREN$314,827 $403,125 $487,250 $605,525 $236,000
WASHINGTON$314,827 $403,125 $487,250 $605,525 $88,000
WAYNE$314,827 $403,125 $487,250 $605,525 $69,000
WEBSTER$314,827 $403,125 $487,250 $605,525 $184,000
WORTH$314,827 $403,125 $487,250 $605,525 $64,000
WRIGHT$314,827 $403,125 $487,250 $605,525 $98,000

How are FHA loan limits calculated?

Every year, the U.S. Department of Housing and Urban Development (HUD) creates FHA loan limits with the national conforming loan limit set at $484,350 for 2019. These limits are the highest mortgage amount Fannie Mae and Freddie Mac will insure in many areas of the United States.

The amount known as the FHA “floor,” which is set at $314,827 for 2019 and targets most areas in the country, is 65% of the national conforming loan limit. However, high-cost areas have an FHA “ceiling” that is set at $726,525 (150% of the conforming loan limit), which is usually the highest mortgage Fannie Mae and Freddie Mac will insure for a single-family home. There can be some exceptions of course, and there may be areas with loan limits right in the middle of the FHA floor and ceiling.

Here are the 2019 standard FHA limits for all property types:

  • One-unit: $314,827
  • Two-unit: $403,125
  • Three-unit: $487,250
  • Four-unit: $605,525

Here are the 2019 standard FHA limits for high-cost areas:

  • One-unit: $726,525
  • Two-unit: $930,300
  • Three-unit: $1,124,475
  • Four-unit: $1,397,400

Do you qualify for an FHA loan in Missouri?

Buying a new home anywhere can be a financial strain and an FHA loan might be able to help ease the burden, especially with possible lower down-payment options. And while many other types of loans are strict about credit scores, FHA loans can sometimes be more lenient. Of course, there are other things to consider when taking on an FHA loan, such as its loan limits. These loans also require mortgage insurance and can come with maximum purchase-price limits. To learn more, head to MagnifyMoney’s FHA page for information on credit scores, income and other requirements.

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.

By clicking “See Rates”, you will be directed to LendingTree. Based on your creditworthiness, you may be matched with up to five different lenders in our partner network.

Advertiser Disclosure

Mortgage

2019 FHA Loan Limits in Mississippi

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.

Mississippi is known for its many magnolia trees and sprawling farmlands, as well as more urban areas in Jackson and Gulfport. According to a recent report, more than half of Mississippi residents live in rural areas (51.2%), making it one of the nation’s most rural states.

The housing market in Mississippi varies depending on the county where you choose to live. In Sharkey and Quitman counties, the median sales price is the lowest, at $56,000. Counties including Hinds, Copiah, Yazoo, Madison, Simpson and Rankin have the highest median sales price, at $249,000.

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By clicking “See Rates”, you will be directed to LendingTree. Based on your creditworthiness, you may be matched with up to five different lenders in our partner network.

A loan by the Federal Housing Administration, or FHA, may be able to help purchase your dream home in Mississippi. FHA loans are attractive because they have low interest rates and down payment requirements. At the same time, they may be easier to qualify for, even if you don’t have a great credit score.

FHA loans do come with loan limits you should know about. These loan limits curb how much you can borrow, and vary on the county of purchase. Living costs and the median sales price are both taken into consideration when determining these loan limits, which are updated each year. In Mississippi for example, the standard FHA loan limits for a single-family home are $314,827, with high-cost areas set at $726,525.

If you’re interested in getting an FHA loan in Mississippi, you’re not alone. An updated 2016 FHA report states that Mississippi ranks No. 11 in the nation for the number of FHA mortgages issued. FHA loans account for 28.7% of the mortgages in Mississippi. In 2018, it was reported 0.81% of all nationwide FHA loans originated in Mississippi.

Mississippi FHA Loan Limits by County

County NameOne-FamilyTwo-FamilyThree-FamilyFour-FamilyMedian Sale Price
ADAMS$314,827 $403,125 $487,250 $605,525 $95,000
ALCORN$314,827 $403,125 $487,250 $605,525 $92,000
AMITE$314,827 $403,125 $487,250 $605,525 $125,000
ATTALA$314,827 $403,125 $487,250 $605,525 $80,000
BENTON$314,827 $403,125 $487,250 $605,525 $204,000
BOLIVAR$314,827 $403,125 $487,250 $605,525 $92,000
CALHOUN$314,827 $403,125 $487,250 $605,525 $72,000
CARROLL$314,827 $403,125 $487,250 $605,525 $96,000
CHICKASAW$314,827 $403,125 $487,250 $605,525 $64,000
CHOCTAW$314,827 $403,125 $487,250 $605,525 $83,000
CLAIBORNE$314,827 $403,125 $487,250 $605,525 $117,000
CLARKE$314,827 $403,125 $487,250 $605,525 $94,000
CLAY$314,827 $403,125 $487,250 $605,525 $87,000
COAHOMA$314,827 $403,125 $487,250 $605,525 $67,000
COPIAH$314,827 $403,125 $487,250 $605,525 $249,000
COVINGTON$314,827 $403,125 $487,250 $605,525 $77,000
DESOTO$314,827 $403,125 $487,250 $605,525 $204,000
FORREST$314,827 $403,125 $487,250 $605,525 $179,000
FRANKLIN$314,827 $403,125 $487,250 $605,525 $79,000
GEORGE$314,827 $403,125 $487,250 $605,525 $104,000
GREENE$314,827 $403,125 $487,250 $605,525 $94,000
GRENADA$314,827 $403,125 $487,250 $605,525 $101,000
HANCOCK$314,827 $403,125 $487,250 $605,525 $146,000
HARRISON$314,827 $403,125 $487,250 $605,525 $146,000
HINDS$314,827 $403,125 $487,250 $605,525 $249,000
HOLMES$314,827 $403,125 $487,250 $605,525 $55,000
HUMPHREYS$314,827 $403,125 $487,250 $605,525 $66,000
ISSAQUENA$314,827 $403,125 $487,250 $605,525 $82,000
ITAWAMBA$314,827 $403,125 $487,250 $605,525 $128,000
JACKSON$314,827 $403,125 $487,250 $605,525 $146,000
JASPER$314,827 $403,125 $487,250 $605,525 $91,000
JEFFERSON$314,827 $403,125 $487,250 $605,525 $64,000
JEFFERSON DAVIS$314,827 $403,125 $487,250 $605,525 $87,000
JONES$314,827 $403,125 $487,250 $605,525 $91,000
KEMPER$314,827 $403,125 $487,250 $605,525 $94,000
LAFAYETTE$314,827 $403,125 $487,250 $605,525 $246,000
LAMAR$314,827 $403,125 $487,250 $605,525 $179,000
LAUDERDALE$314,827 $403,125 $487,250 $605,525 $94,000
LAWRENCE$314,827 $403,125 $487,250 $605,525 $96,000
LEAKE$314,827 $403,125 $487,250 $605,525 $83,000
LEE$314,827 $403,125 $487,250 $605,525 $128,000
LEFLORE$314,827 $403,125 $487,250 $605,525 $96,000
LINCOLN$314,827 $403,125 $487,250 $605,525 $138,000
LOWNDES$314,827 $403,125 $487,250 $605,525 $161,000
MADISON$314,827 $403,125 $487,250 $605,525 $249,000
MARION$314,827 $403,125 $487,250 $605,525 $82,000
MARSHALL$314,827 $403,125 $487,250 $605,525 $204,000
MONROE$314,827 $403,125 $487,250 $605,525 $88,000
MONTGOMERY$314,827 $403,125 $487,250 $605,525 $82,000
NESHOBA$314,827 $403,125 $487,250 $605,525 $85,000
NEWTON$314,827 $403,125 $487,250 $605,525 $86,000
NOXUBEE$314,827 $403,125 $487,250 $605,525 $72,000
OKTIBBEHA$314,827 $403,125 $487,250 $605,525 $159,000
PANOLA$314,827 $403,125 $487,250 $605,525 $80,000
PEARL RIVER$314,827 $403,125 $487,250 $605,525 $128,000
PERRY$314,827 $403,125 $487,250 $605,525 $179,000
PIKE$314,827 $403,125 $487,250 $605,525 $125,000
PONTOTOC$314,827 $403,125 $487,250 $605,525 $128,000
PRENTISS$314,827 $403,125 $487,250 $605,525 $88,000
QUITMAN$314,827 $403,125 $487,250 $605,525 $56,000
RANKIN$314,827 $403,125 $487,250 $605,525 $249,000
SCOTT$314,827 $403,125 $487,250 $605,525 $89,000
SHARKEY$314,827 $403,125 $487,250 $605,525 $56,000
SIMPSON$314,827 $403,125 $487,250 $605,525 $249,000
SMITH$314,827 $403,125 $487,250 $605,525 $83,000
STONE$314,827 $403,125 $487,250 $605,525 $120,000
SUNFLOWER$314,827 $403,125 $487,250 $605,525 $76,000
TALLAHATCHIE$314,827 $403,125 $487,250 $605,525 $66,000
TATE$314,827 $403,125 $487,250 $605,525 $204,000
TIPPAH$314,827 $403,125 $487,250 $605,525 $88,000
TISHOMINGO$314,827 $403,125 $487,250 $605,525 $85,000
TUNICA$314,827 $403,125 $487,250 $605,525 $204,000
UNION$314,827 $403,125 $487,250 $605,525 $93,000
WALTHALL$314,827 $403,125 $487,250 $605,525 $107,000
WARREN$314,827 $403,125 $487,250 $605,525 $117,000
WASHINGTON$314,827 $403,125 $487,250 $605,525 $78,000
WAYNE$314,827 $403,125 $487,250 $605,525 $79,000
WEBSTER$314,827 $403,125 $487,250 $605,525 $85,000
WILKINSON$314,827 $403,125 $487,250 $605,525 $89,000
WINSTON$314,827 $403,125 $487,250 $605,525 $86,000
YALOBUSHA$314,827 $403,125 $487,250 $605,525 $77,000
YAZOO$314,827 $403,125 $487,250 $605,525 $249,000

How are FHA loan limits calculated?

FHA loan limits are set annually by the U.S. Department of Housing and Urban Development (HUD). These limits are stemmed from the conforming loan limit, which is the maximum mortgage amount Fannie Mae and Freddie Mac will insure. The current limit for 2019 is $484,350 for a single-family home.

The largest mortgage amount that the agency will insure is called the FHA “floor.” Currently, most of the country will likely have the standard limit of $314,827. In high-cost areas, this limit is much larger and set at 150% of the conforming loan limit. This is referred to as the FHA “ceiling,” and for 2019, it is set at $726,525. The “ceiling” is normally the highest mortgage the agency will insure for a single-family home, although there can be exceptions. There can also be some areas where loan limits are within the middle of the FHA floor and ceiling.

Here are the 2019 standard FHA limits for all property types nationwide:

  • One-unit: $314,827
  • Two-unit: $403,125
  • Three-unit: $487,250
  • Four-unit: $605,525

Here are the 2019 standard FHA limits for high-cost areas nationwide:

  • One-unit: $726,525
  • Two-unit: $930,300
  • Three-unit: $1,124,475
  • Four-unit: $1,397,400

Are you eligible for an FHA loan in Mississippi?

Using an FHA loan to purchase your new home in Mississippi can be a good option. Just know that you’ll be required to obtain mortgage insurance with FHA loans. To learn more about FHA loans and the requirements, check out MagnifyMoney’s complete guide to FHA loans to see whether this is a good option for you.

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