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How to Buy a Home Through an Estate Sale

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.

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When a person dies, someone has to distribute or sell their assets. If the deceased has a property that hasn’t been willed to someone, or that their heirs don’t want, it will often be sold at an estate sale. In some cases, owners will hold estate sales themselves if they need to downsize or move.

A person’s estate includes their house and everything in it, meaning furniture, antiques and the property itself are up for grabs in an estate sale. If you’re looking for a house, you might be able to score a decent deal on one through an estate sale.

What is an estate sale?

Estate sales are typically initiated by the owner’s heirs or relatives. They may have inherited the home but have chosen not to live in it, or they’re selling the property to pay off their loved one’s debts. An estate sale may include the home the person lived in or owned and/or their valuables.

Buying an estate sale home vs. a probate sale home

An estate sale is held by an owner’s heirs or loved ones, or a company or real estate agency they’ve hired to handle the process. A probate sale happens when the decedent, or person who has died, passes away without a will. A probate court administrator will handle the estate and sale of the property, and the proceeds from the sale will be used to pay off creditors and any other outstanding accounts.

Probate courts publicize a person’s death so that anyone who has a claim to the proceeds of the estate can file that with the court. It’s worth looking out for probate home sales because the selling prices can be lower than market value.

If you’re in a hot real estate market and the house is being sold in a bidding process, be prepared to pay market value (at a minimum), as bidding can be competitive. You’re also less likely to negotiate for a lower price at a probate sale.

5 tips for purchasing a home from an estate sale

Follow these tips before getting a mortgage for an estate sale home:

  1. Keep an eye out for estate sale listings and treat them as open houses. Check local classified ads and online real estate sites. You can also contact local estate sale companies or probate courts to ask about recent listings. Estate sales are held over a few days (often a weekend), so go back a couple of times if needed. Test the water pressure, take measurements (but be subtle) and spend plenty of time in each room absorbing all the details. Look for foundation cracking or settling so you can ask questions after touring the home.
  2. Don’t judge a house by its listing photos. Remember that the seller may be a grieving relative or a court administrator, neither of whom are going to be super motivated to stage the home the way a traditional seller would. Even if the online photos are lackluster, reserve judgment until you see the property in person — the house might have more charm than you think. Be realistic about your budget and timetable, though, if you think the home needs more repairs or improvements than you can handle.
  3. Get preapproved. Get preapproved for a mortgage before you start looking at houses. Preapproval will help you move faster when you’re ready to buy, and it may give you some leverage in price negotiations.
  4. Move quickly on inspections and use due diligence.Schedule a home appraisal and inspections as soon as possible because these will affect your loan application and your offer. If a home inspector finds serious problems with the home, you’ll likely want to reduce your offer accordingly. Your mortgage lender will require you to take out lender’s title insurance, which protects the lender from financial loss if any ownership claims arise after closing. The lender will also order a title search for any liens, ownership disputes or judgments against the property. In addition, consider buying an owner’s title insurance policy to protect your investment if ownership is disputed later on.
  5. Budget for renovations. Be realistic about what you need to change to make the home livable. If the dated wallpaper, crown molding and kitchen backsplash make you feel like you’re in a time warp, build those renovations into your budget. Look beyond the low selling price to account for all of the costs you’ll need to cover with your mortgage.

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Banking

Review of the Tip Yourself App

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Saving money doesn’t always come naturally, even though it’s one of the best ways to stabilize your finances and live the lifestyle you want without going into debt. Apps like Tip Yourself exist to help you become a better saver.

Founded in 2015, Tip Yourself is a savings platform that allows you to reward yourself for everyday achievements by transferring money into a “Tip Jar” that serves as a savings account. It’s a clever and low-pressure way to save money and incentivize healthy, productive behaviors.

It is not the most robust or sophisticated savings tool, but it’s a great way to develop a savings mindset and consistently put money toward your goals. However, you will not earn interest on your Tip Jars, so it’s not a good long-term savings tool.

What is Tip Yourself?

Tip Yourself is a money-saving app that lets you reward yourself throughout the day when you accomplish tasks or achieve small goals. Ideally, you’ll get in the habit of saving by making incremental, consistent changes to how you manage your money. Every time you knock a loathsome task off your to-do list, you can double the dopamine hit by transferring money into your Tip Jar. You feel accomplished and save money, reinforcing two good behaviors.

A basic account is free and allows you to create up to two Tip Jars to save for different purposes. Tip Yourself Pro is the premium version, and it allows you to set up 10 jars. Those include an Automated Tip Jar and one dedicated to a savings challenge, as well as a Hidden Tip Jar to help curb spending impulses. The company earns money on Pro subscriptions and on interest accrued in users’ Tip Jars.

Your Tip Jar is linked to your checking account and is insured by the Federal Deposit Insurance Corporation up to the legal limit through Tip Yourself’s partner, nbkc bank, which holds the funds in your Tip Jar. The accounts are secured with 256-bit SSL encryption — the same protocol that’s used by banks. Once you link a checking account, you can only withdraw to that account.

Pros of the Tip Yourself app

It’s a low-cost service. You can sign up for free, and the app doesn’t charge transaction or service fees, so you never lose money on your tips. The minimum tip is $1, so there’s no reason not to save. Even Tip Yourself Pro (more below) can be affordable at $9.99 a year.

You can build good habits. By rewarding yourself for personal and professional victories, you develop a saving habit and motivate yourself to continue working toward non-financial goals as well.

It’s easy to use. The sign-up process is simple and quick, and you can familiarize yourself with the app in just a few minutes. The simplicity of the app and its features keeps the focus on saving and makes it easy to get into a routine of tipping yourself.

You can always withdraw funds. You don’t have to wait until you’ve accrued a certain amount of savings to dip into your cash. As soon as the money hits your account, you can initiate a withdrawal. There are no minimum or maximum withdrawal amounts, and you can make as many transfers as you want.

Follow inspirational posts on the social feed. The beauty of this app is that you’re rewarding yourself for good behaviors — and so is everyone else on the app. Your social feed is populated with other people sharing their life wins, such as going back to school, making time to exercise and taking care of long-overdue chores. You can also follow particular members to curate your feed. If you don’t want to share all the tips you give yourself, you can set those transactions to private, and they’ll only be visible to you.

Cons of the Tip Yourself app

Tips take several days to clear. Tip Yourself uses Automated Clearing House (ACH) transfers to move money from your bank account to your Tip Jar, a process that takes about three days to complete.

You don’t earn interest. The Tip Jar is a great place for holding money, but not for earning it. You won’t accrue any interest, no matter how long you leave the money in the account.

The social feed can be distracting. While seeing other people’s money wins can be a great motivator, having yet another social feed to scroll through can feel like a time-suck. The app defaults to showing your feed when you log in, so it’s difficult to avoid. But it’s easy to navigate to the other features, so it may not be a deal-breaker.

There’s a limit to how much you can tip. Tips are capped at $250, so if you wanted to give yourself a bonus for a job well-done, you’ll need to do so through another account. Still, the app seems to work best for small wins, so the tip cap doesn’t lessen the account’s value too much.

It’s difficult to get in touch with the company. Although Tip Yourself has an email contact button on every page, this MagnifyMoney writer reached out and did not receive a response. Two phone calls to the company’s number, which isn’t intuitive to find, went unanswered and messages were not returned. Tip Yourself’s Instagram, Facebook and Twitter accounts also seem to be updated infrequently.

How to open a Tip Yourself account

You can only sign up for an account through the app, so your first step is to download it from either Google Play or the App Store. Then you’ll need to create an account, which takes less than a minute. If you want to keep it really simple, you can sign up using your Facebook account, or you can create new credentials for Tip Yourself. In the latter case, you’ll just need to input your name, email address and a password.

Before you finalize your sign-up, you’ll need to agree to the privacy policy and terms of use. However, if you click on either one to read, the app may kick you back to the home screen where you’ll need to input your sign-up information again. The privacy policy and terms of use are linked on the website, so you can read them before signing up, but it’s a bit cumbersome if you’re unable to do so in the app.

Once you’re logged in, you’ll be prompted to link your checking account to the app. You don’t have to link accounts right away if you just want to browse the app’s features, but you’ll need to add a checking account to fund your Tip Jar. It’s best to link the account as soon as possible, because the app initiates two micro-deposits to verify your checking account, and it can take a few days for those to clear. After verification is complete, you can start tipping yourself. You’ll need your checking account to be linked and verified before you can add new Tip Jars, as well.

All users can set up a Standard Tip Jar and designate what they’re saving for and how much they want to save. Tip Yourself provides Quicktip Savings Buttons in the app, in the amounts of $2, $5 and $10, so you can easily reward yourself when you feel you deserve it. Or, you can set a higher amount if you want to kick your savings into high gear.

If you want to close a Tip Jar, perhaps because you reached your goal and no longer need it, you’ll need to move any remaining balance to another Tip Jar. You’re required to have at least one Tip Jar open at all times.

If you opt for a Pro account, you’ll be able to set up special Tip Jars, such as the Hidden Tip Jar and the Savings Challenge jar. The Savings Challenge encourages you to save $1,378 throughout the course of a year by setting up weekly tip transfers that increase incrementally. In Week 1, you tip yourself $1. In Week 2, you tip $2. In Week 3, your amount is $3 — and so on. It’s a neat way to save and to overcome the idea that you need to make massive transfers to build savings.

With the Hidden Tip Jar, you set a savings goal and tip yourself as usual, but you won’t see your balance until you’ve hit your goal. The logic is that not being able to see what you have will reduce your urge to spend before you’ve hit your savings target.

Pro users can also set up an Automated Tip Jar, which allows you to add set-and-forget tips to that account and have them transfer in on a weekly or monthly basis. If you opt for a monthly tip, you can choose whether it transfers at the beginning, middle or end of the month, so you can plan around your pay schedule. Or, you can schedule a weekly tip for yourself on the day of your choosing.

How much does Tip Yourself cost?

A basic account is free and includes two Tip Jars. Upgrading to Tip Yourself Pro will cost $9.99 a year and gives you access to 10 Tip Jars.

If you just want to build the habit of saving money generally, you’ll be fine with a free account. But if you’re the type of person who likes to create multiple funds for specific purposes, you’ll want to upgrade to the Pro option.

How Tip Yourself stacks up to the competition

You might be wondering why you’d download the app, much less pay for it, when you may be able to create multiple savings accounts with your bank.

As noted above, your Tip Jar isn’t a long-term savings account. It’s a temporary place to stash your money while you save toward specific goals. Psychologically, setting aside small amounts of money feels more doable than trying to build up your bank account.

The fact that you can reward yourself for other positive behaviors, such as going to the gym, eating healthy or finishing an assignment before your deadline, reinforces good habits in different areas of your life through small, sustainable wins.

However, Tip Yourself does seem less robust a service than, say, Digit. Also a money-saving app, Digit offers automated savings, in which the platform assesses your finances every day and transfers money into your savings accounts based on what you can afford to spare. Like Tip Yourself, Digit offers unlimited withdrawals, but it also provides overdraft protection and a 1% savings bonus after you’ve used the app to save for three consecutive months.

Digit also allows you to set however many savings goals you choose, whereas Tip Yourself limits basic users to two Tip Jars and Pro users to 10. At $5 a month, Digit is costlier than Tip Yourself, but the extra expense may be worth it for the broader range of features.

As far as app usability, the two platforms are pretty much tied. Tip Yourself’s app is rated 4.7 in the App Store and 4.4 on Google Play. Digit’s App Store ranking is also 4.7, while its Android rating is nearly on par at 4.3.

The bottom line: Is the Tip Yourself app worth it?

If you struggle with saving money or budgeting for things such as vacations, holiday gifts or just a general rainy day fund, Tip Yourself is a good tool for establishing the habit. By linking everyday accomplishments with tipping yourself, you make saving part of your routine. You also reduce the stress of money management by saving toward specific goals.

It seems to work best for smaller-scale goals rather than major expenses, and you won’t find a full suite of budgeting or money management features here. However, the low cost and ease of use make Tip Yourself an accessible, helpful app for saving on your own terms and beginning to take control of your spending.

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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Mortgage

2019 FHA Loan Limits in Texas

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The Texas real estate market enjoyed a boom during the past several years, with home prices rising consistently from 2012 through 2018. Growth slowed somewhat in 2018, however, which could be good news for homebuyers looking to purchase properties in the Lone Star State this year.

The median home price statewide is $231,660, though prices are substantially above that in major metropolitan areas. Homebuyers in Austin, for instance, will find a median sale price of $304,900. But not all metros exceed the state median — the median price in San Antonio is well under the state’s at $221,500.

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The vast majority of Texans live in urban areas. Just over 3 million residents live in rural areas, while the remaining 25.2 million opt to live in the state’s metropolitan regions, according to 2017 data from the U.S. Department of Agriculture (USDA). Texas’s urban areas are currently growing by 1.7% each year. At that rate, the urban population will double within 40 years, which could significantly affect housing prices.

If you’re considering buying in either a rapidly growing Texas metro area or in a rural part of the state, you may be considering a mortgage backed by the Federal Housing Administration (FHA). An FHA loan could help you get into your new home that much faster, as the credit and down payment requirements are lower than you’ll find with conventional loans.

Texas had one of the highest rates of FHA loans granted in the country in 2018, making up 8.61% of total FHA-endorsed mortgages. Only California and Florida posted higher percentages, at 9.13% and 8.68%, respectively.

The amount you can borrow with an FHA loan in Texas will depend where you choose to move. The FHA annually sets new loan limits based on area housing prices. In Texas, loan limits for single-family homes vary from $314,827 to $395,600, depending on the county in which you choose to buy.

Texas FHA Loan Limits by County

County NameOne-FamilyTwo-FamilyThree-FamilyFour-FamilyMedian Sale Price
ANDERSON$314,827 $403,125 $487,250 $605,525 $112,000
ANDREWS$314,827 $403,125 $487,250 $605,525 $139,000
ANGELINA$314,827 $403,125 $487,250 $605,525 $137,000
ARANSAS$314,827 $403,125 $487,250 $605,525 $197,000
ARCHER$314,827 $403,125 $487,250 $605,525 $163,000
ARMSTRONG$314,827 $403,125 $487,250 $605,525 $183,000
ATASCOSA$359,950 $460,800 $557,000 $692,200 $313,000
AUSTIN$331,200 $424,000 $512,500 $636,900 $284,000
BAILEY$314,827 $403,125 $487,250 $605,525 $72,000
BANDERA$359,950 $460,800 $557,000 $692,200 $313,000
BASTROP$389,850 $499,050 $603,250 $749,700 $339,000
BAYLOR$314,827 $403,125 $487,250 $605,525 $115,000
BEE$314,827 $403,125 $487,250 $605,525 $139,000
BELL$314,827 $403,125 $487,250 $605,525 $171,000
BEXAR$359,950 $460,800 $557,000 $692,200 $313,000
BLANCO$314,827 $403,125 $487,250 $605,525 $175,000
BORDEN$314,827 $403,125 $487,250 $605,525 $164,000
BOSQUE$314,827 $403,125 $487,250 $605,525 $118,000
BOWIE$314,827 $403,125 $487,250 $605,525 $139,000
BRAZORIA$331,200 $424,000 $512,500 $636,900 $284,000
BRAZOS$314,827 $403,125 $487,250 $605,525 $233,000
BREWSTER$314,827 $403,125 $487,250 $605,525 $171,000
BRISCOE$314,827 $403,125 $487,250 $605,525 $101,000
BROOKS$314,827 $403,125 $487,250 $605,525 $55,000
BROWN$314,827 $403,125 $487,250 $605,525 $120,000
BURLESON$314,827 $403,125 $487,250 $605,525 $233,000
BURNET$314,827 $403,125 $487,250 $605,525 $191,000
CALDWELL$389,850 $499,050 $603,250 $749,700 $339,000
CALHOUN$314,827 $403,125 $487,250 $605,525 $136,000
CALLAHAN$314,827 $403,125 $487,250 $605,525 $163,000
CAMERON$314,827 $403,125 $487,250 $605,525 $105,000
CAMP$314,827 $403,125 $487,250 $605,525 $114,000
CARSON$314,827 $403,125 $487,250 $605,525 $183,000
CASS$314,827 $403,125 $487,250 $605,525 $84,000
CASTRO$314,827 $403,125 $487,250 $605,525 $82,000
CHAMBERS$331,200 $424,000 $512,500 $636,900 $284,000
CHEROKEE$314,827 $403,125 $487,250 $605,525 $119,000
CHILDRESS$314,827 $403,125 $487,250 $605,525 $83,000
CLAY$314,827 $403,125 $487,250 $605,525 $163,000
COCHRAN$314,827 $403,125 $487,250 $605,525 $75,000
COKE$314,827 $403,125 $487,250 $605,525 $75,000
COLEMAN$314,827 $403,125 $487,250 $605,525 $80,000
COLLIN$395,600 $506,450 $612,150 $760,750 $344,000
COLLINGSWORTH$314,827 $403,125 $487,250 $605,525 $66,000
COLORADO$314,827 $403,125 $487,250 $605,525 $145,000
COMAL$359,950 $460,800 $557,000 $692,200 $313,000
COMANCHE$314,827 $403,125 $487,250 $605,525 $111,000
CONCHO$314,827 $403,125 $487,250 $605,525 $159,000
COOKE$314,827 $403,125 $487,250 $605,525 $188,000
CORYELL$314,827 $403,125 $487,250 $605,525 $171,000
COTTLE$314,827 $403,125 $487,250 $605,525 $49,000
CRANE$314,827 $403,125 $487,250 $605,525 $155,000
CROCKETT$314,827 $403,125 $487,250 $605,525 $87,000
CROSBY$314,827 $403,125 $487,250 $605,525 $173,000
CULBERSON$314,827 $403,125 $487,250 $605,525 $122,000
DALLAM$314,827 $403,125 $487,250 $605,525 $90,000
DALLAS$395,600 $506,450 $612,150 $760,750 $344,000
DAWSON$314,827 $403,125 $487,250 $605,525 $85,000
DEAF SMITH$314,827 $403,125 $487,250 $605,525 $99,000
DELTA$314,827 $403,125 $487,250 $605,525 $81,000
DENTON$395,600 $506,450 $612,150 $760,750 $344,000
DEWITT$314,827 $403,125 $487,250 $605,525 $120,000
DICKENS$314,827 $403,125 $487,250 $605,525 $58,000
DIMMIT$314,827 $403,125 $487,250 $605,525 $64,000
DONLEY$314,827 $403,125 $487,250 $605,525 $89,000
DUVAL$314,827 $403,125 $487,250 $605,525 $55,000
EASTLAND$314,827 $403,125 $487,250 $605,525 $80,000
ECTOR$314,827 $403,125 $487,250 $605,525 $196,000
EDWARDS$314,827 $403,125 $487,250 $605,525 $92,000
EL PASO$314,827 $403,125 $487,250 $605,525 $157,000
ELLIS$395,600 $506,450 $612,150 $760,750 $344,000
ERATH$314,827 $403,125 $487,250 $605,525 $159,000
FALLS$314,827 $403,125 $487,250 $605,525 $176,000
FANNIN$314,827 $403,125 $487,250 $605,525 $148,000
FAYETTE$314,827 $403,125 $487,250 $605,525 $158,000
FISHER$314,827 $403,125 $487,250 $605,525 $55,000
FLOYD$314,827 $403,125 $487,250 $605,525 $66,000
FOARD$314,827 $403,125 $487,250 $605,525 $56,000
FORT BEND$331,200 $424,000 $512,500 $636,900 $284,000
FRANKLIN$314,827 $403,125 $487,250 $605,525 $197,000
FREESTONE$314,827 $403,125 $487,250 $605,525 $87,000
FRIO$314,827 $403,125 $487,250 $605,525 $84,000
GAINES$314,827 $403,125 $487,250 $605,525 $123,000
GALVESTON$331,200 $424,000 $512,500 $636,900 $284,000
GARZA$314,827 $403,125 $487,250 $605,525 $103,000
GILLESPIE$324,300 $415,150 $501,800 $623,650 $282,000
GLASSCOCK$314,827 $403,125 $487,250 $605,525 $221,000
GOLIAD$314,827 $403,125 $487,250 $605,525 $175,000
GONZALES$314,827 $403,125 $487,250 $605,525 $107,000
GRAY$314,827 $403,125 $487,250 $605,525 $82,000
GRAYSON$314,827 $403,125 $487,250 $605,525 $175,000
GREGG$314,827 $403,125 $487,250 $605,525 $159,000
GRIMES$314,827 $403,125 $487,250 $605,525 $136,000
GUADALUPE$359,950 $460,800 $557,000 $692,200 $313,000
HALE$314,827 $403,125 $487,250 $605,525 $105,000
HALL$314,827 $403,125 $487,250 $605,525 $55,000
HAMILTON$314,827 $403,125 $487,250 $605,525 $75,000
HANSFORD$314,827 $403,125 $487,250 $605,525 $102,000
HARDEMAN$314,827 $403,125 $487,250 $605,525 $61,000
HARDIN$314,827 $403,125 $487,250 $605,525 $171,000
HARRIS$331,200 $424,000 $512,500 $636,900 $284,000
HARRISON$314,827 $403,125 $487,250 $605,525 $175,000
HARTLEY$314,827 $403,125 $487,250 $605,525 $168,000
HASKELL$314,827 $403,125 $487,250 $605,525 $55,000
HAYS$389,850 $499,050 $603,250 $749,700 $339,000
HEMPHILL$314,827 $403,125 $487,250 $605,525 $117,000
HENDERSON$314,827 $403,125 $487,250 $605,525 $150,000
HIDALGO$314,827 $403,125 $487,250 $605,525 $125,000
HILL$314,827 $403,125 $487,250 $605,525 $115,000
HOCKLEY$314,827 $403,125 $487,250 $605,525 $118,000
HOOD$395,600 $506,450 $612,150 $760,750 $344,000
HOPKINS$314,827 $403,125 $487,250 $605,525 $133,000
HOUSTON$314,827 $403,125 $487,250 $605,525 $118,000
HOWARD$314,827 $403,125 $487,250 $605,525 $221,000
HUDSPETH$314,827 $403,125 $487,250 $605,525 $157,000
HUNT$395,600 $506,450 $612,150 $760,750 $344,000
HUTCHINSON$314,827 $403,125 $487,250 $605,525 $90,000
IRION$314,827 $403,125 $487,250 $605,525 $160,000
JACK$314,827 $403,125 $487,250 $605,525 $86,000
JACKSON$314,827 $403,125 $487,250 $605,525 $123,000
JASPER$314,827 $403,125 $487,250 $605,525 $101,000
JEFF DAVIS$314,827 $403,125 $487,250 $605,525 $177,000
JEFFERSON$314,827 $403,125 $487,250 $605,525 $171,000
JIM HOGG$314,827 $403,125 $487,250 $605,525 $75,000
JIM WELLS$314,827 $403,125 $487,250 $605,525 $88,000
JOHNSON$395,600 $506,450 $612,150 $760,750 $344,000
JONES$314,827 $403,125 $487,250 $605,525 $163,000
KARNES$314,827 $403,125 $487,250 $605,525 $102,000
KAUFMAN$395,600 $506,450 $612,150 $760,750 $344,000
KENDALL$359,950 $460,800 $557,000 $692,200 $313,000
KENEDY$314,827 $403,125 $487,250 $605,525 $125,000
KENT$314,827 $403,125 $487,250 $605,525 $83,000
KERR$314,827 $403,125 $487,250 $605,525 $206,000
KIMBLE$314,827 $403,125 $487,250 $605,525 $131,000
KING$314,827 $403,125 $487,250 $605,525 $114,000
KINNEY$314,827 $403,125 $487,250 $605,525 $115,000
KLEBERG$314,827 $403,125 $487,250 $605,525 $125,000
KNOX$314,827 $403,125 $487,250 $605,525 $50,000
LA SALLE$314,827 $403,125 $487,250 $605,525 $52,000
LAMAR$314,827 $403,125 $487,250 $605,525 $116,000
LAMB$314,827 $403,125 $487,250 $605,525 $75,000
LAMPASAS$314,827 $403,125 $487,250 $605,525 $171,000
LAVACA$314,827 $403,125 $487,250 $605,525 $146,000
LEE$314,827 $403,125 $487,250 $605,525 $136,000
LEON$314,827 $403,125 $487,250 $605,525 $119,000
LIBERTY$331,200 $424,000 $512,500 $636,900 $284,000
LIMESTONE$314,827 $403,125 $487,250 $605,525 $95,000
LIPSCOMB$314,827 $403,125 $487,250 $605,525 $102,000
LIVE OAK$314,827 $403,125 $487,250 $605,525 $118,000
LLANO$314,827 $403,125 $487,250 $605,525 $191,000
LOVING$314,827 $403,125 $487,250 $605,525 $65,000
LUBBOCK$314,827 $403,125 $487,250 $605,525 $173,000
LYNN$314,827 $403,125 $487,250 $605,525 $173,000
MADISON$314,827 $403,125 $487,250 $605,525 $124,000
MARION$314,827 $403,125 $487,250 $605,525 $113,000
MARTIN$318,550 $407,800 $492,950 $612,600 $277,000
MASON$314,827 $403,125 $487,250 $605,525 $216,000
MATAGORDA$314,827 $403,125 $487,250 $605,525 $144,000
MAVERICK$314,827 $403,125 $487,250 $605,525 $128,000
MCCULLOCH$314,827 $403,125 $487,250 $605,525 $86,000
MCLENNAN$314,827 $403,125 $487,250 $605,525 $176,000
MCMULLEN$314,827 $403,125 $487,250 $605,525 $124,000
MEDINA$359,950 $460,800 $557,000 $692,200 $313,000
MENARD$314,827 $403,125 $487,250 $605,525 $64,000
MIDLAND$318,550 $407,800 $492,950 $612,600 $277,000
MILAM$314,827 $403,125 $487,250 $605,525 $114,000
MILLS$314,827 $403,125 $487,250 $605,525 $140,000
MITCHELL$314,827 $403,125 $487,250 $605,525 $67,000
MONTAGUE$314,827 $403,125 $487,250 $605,525 $95,000
MONTGOMERY$331,200 $424,000 $512,500 $636,900 $284,000
MOORE$314,827 $403,125 $487,250 $605,525 $112,000
MORRIS$314,827 $403,125 $487,250 $605,525 $76,000
MOTLEY$314,827 $403,125 $487,250 $605,525 $63,000
NACOGDOCHES$314,827 $403,125 $487,250 $605,525 $142,000
NAVARRO$314,827 $403,125 $487,250 $605,525 $110,000
NEWTON$314,827 $403,125 $487,250 $605,525 $171,000
NOLAN$314,827 $403,125 $487,250 $605,525 $115,000
NUECES$314,827 $403,125 $487,250 $605,525 $197,000
OCHILTREE$314,827 $403,125 $487,250 $605,525 $104,000
OLDHAM$314,827 $403,125 $487,250 $605,525 $183,000
ORANGE$314,827 $403,125 $487,250 $605,525 $171,000
PALO PINTO$314,827 $403,125 $487,250 $605,525 $134,000
PANOLA$314,827 $403,125 $487,250 $605,525 $147,000
PARKER$395,600 $506,450 $612,150 $760,750 $344,000
PARMER$314,827 $403,125 $487,250 $605,525 $99,000
PECOS$314,827 $403,125 $487,250 $605,525 $80,000
POLK$314,827 $403,125 $487,250 $605,525 $118,000
POTTER$314,827 $403,125 $487,250 $605,525 $183,000
PRESIDIO$314,827 $403,125 $487,250 $605,525 $171,000
RAINS$314,827 $403,125 $487,250 $605,525 $109,000
RANDALL$314,827 $403,125 $487,250 $605,525 $183,000
REAGAN$314,827 $403,125 $487,250 $605,525 $144,000
REAL$314,827 $403,125 $487,250 $605,525 $150,000
RED RIVER$314,827 $403,125 $487,250 $605,525 $80,000
REEVES$314,827 $403,125 $487,250 $605,525 $71,000
REFUGIO$314,827 $403,125 $487,250 $605,525 $144,000
ROBERTS$314,827 $403,125 $487,250 $605,525 $136,000
ROBERTSON$314,827 $403,125 $487,250 $605,525 $233,000
ROCKWALL$395,600 $506,450 $612,150 $760,750 $344,000
RUNNELS$314,827 $403,125 $487,250 $605,525 $82,000
RUSK$314,827 $403,125 $487,250 $605,525 $159,000
SABINE$314,827 $403,125 $487,250 $605,525 $89,000
SAN AUGUSTINE$314,827 $403,125 $487,250 $605,525 $104,000
SAN JACINTO$314,827 $403,125 $487,250 $605,525 $91,000
SAN PATRICIO$314,827 $403,125 $487,250 $605,525 $197,000
SAN SABA$314,827 $403,125 $487,250 $605,525 $82,000
SCHLEICHER$314,827 $403,125 $487,250 $605,525 $77,000
SCURRY$314,827 $403,125 $487,250 $605,525 $106,000
SHACKELFORD$314,827 $403,125 $487,250 $605,525 $87,000
SHELBY$314,827 $403,125 $487,250 $605,525 $101,000
SHERMAN$314,827 $403,125 $487,250 $605,525 $94,000
SMITH$314,827 $403,125 $487,250 $605,525 $192,000
SOMERVELL$395,600 $506,450 $612,150 $760,750 $344,000
STARR$314,827 $403,125 $487,250 $605,525 $66,000
STEPHENS$314,827 $403,125 $487,250 $605,525 $77,000
STERLING$314,827 $403,125 $487,250 $605,525 $114,000
STONEWALL$314,827 $403,125 $487,250 $605,525 $62,000
SUTTON$314,827 $403,125 $487,250 $605,525 $105,000
SWISHER$314,827 $403,125 $487,250 $605,525 $82,000
TARRANT$395,600 $506,450 $612,150 $760,750 $344,000
TAYLOR$314,827 $403,125 $487,250 $605,525 $163,000
TERRELL$314,827 $403,125 $487,250 $605,525 $102,000
TERRY$314,827 $403,125 $487,250 $605,525 $75,000
THROCKMORTON$314,827 $403,125 $487,250 $605,525 $97,000
TITUS$314,827 $403,125 $487,250 $605,525 $147,000
TOM GREEN$314,827 $403,125 $487,250 $605,525 $160,000
TRAVIS$389,850 $499,050 $603,250 $749,700 $339,000
TRINITY$314,827 $403,125 $487,250 $605,525 $147,000
TYLER$314,827 $403,125 $487,250 $605,525 $113,000
UPSHUR$314,827 $403,125 $487,250 $605,525 $159,000
UPTON$314,827 $403,125 $487,250 $605,525 $82,000
UVALDE$314,827 $403,125 $487,250 $605,525 $139,000
VAL VERDE$314,827 $403,125 $487,250 $605,525 $142,000
VAN ZANDT$314,827 $403,125 $487,250 $605,525 $140,000
VICTORIA$314,827 $403,125 $487,250 $605,525 $175,000
WALKER$314,827 $403,125 $487,250 $605,525 $147,000
WALLER$331,200 $424,000 $512,500 $636,900 $284,000
WARD$314,827 $403,125 $487,250 $605,525 $179,000
WASHINGTON$314,827 $403,125 $487,250 $605,525 $198,000
WEBB$314,827 $403,125 $487,250 $605,525 $167,000
WHARTON$314,827 $403,125 $487,250 $605,525 $147,000
WHEELER$314,827 $403,125 $487,250 $605,525 $98,000
WICHITA$314,827 $403,125 $487,250 $605,525 $163,000
WILBARGER$314,827 $403,125 $487,250 $605,525 $89,000
WILLACY$314,827 $403,125 $487,250 $605,525 $87,000
WILLIAMSON$389,850 $499,050 $603,250 $749,700 $339,000
WILSON$359,950 $460,800 $557,000 $692,200 $313,000
WINKLER$314,827 $403,125 $487,250 $605,525 $105,000
WISE$395,600 $506,450 $612,150 $760,750 $344,000
WOOD$314,827 $403,125 $487,250 $605,525 $139,000
YOAKUM$314,827 $403,125 $487,250 $605,525 $154,000
YOUNG$314,827 $403,125 $487,250 $605,525 $114,000
ZAPATA$314,827 $403,125 $487,250 $605,525 $53,000
ZAVALA$314,827 $403,125 $487,250 $605,525 $13,000

How are FHA loan limits set?

The FHA sets a range of loan limits each year based on the housing market. For 2019, loan limits for single-family properties range from $314,827 at the low end to $726,525 for homes in high-cost areas. Loan limits can vary across the state, as is the case in Texas.

For instance, FHA loans in Bowie County, which is in the Texarkana metropolitan area, are capped at $314,827. But Collin County, part of the Dallas-Fort Worth-Arlington metropolitan area, has an FHA loan limit of $395,600. The difference is due to their median home-sale prices. Bowie County’s median sale price is $139,000, while Collin County’s is $344,000. To find out the loan limits for single- and multi-family properties in your county, see the Department of Housing and Urban Development’s (HUD) online FHA Mortgage Limits search tool.

Do you qualify for an FHA loan in Texas?

For an in-depth look at FHA loans overall, check out our complete guide. It covers borrower requirements, the pros and cons of FHA loans and the different types of products offered by the FHA.

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