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2019 FHA Loan Limits in Rhode Island

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.

Thinking about buying a home in Rhode Island? Statewide, the median house costs $253,000, slightly lower than the national median home price of $257,600. The median home price in Providence, Rhode Island’s largest city, is $294,200. As with the rest of the nation, prices are slowly rising: The market grew 3.6% between January 2018 and January 2019.

If you’re worried about financing, you may want to consider a mortgage backed by the Federal Housing Administration (FHA). FHA loans typically have more lenient down payment and credit score requirements.

Note, however, that the FHA places limits on the size of mortgages it’s willing to insure. Those limits change every year to keep up with changing home prices. In Rhode Island, the loan limit is the same no matter where you live: $454,250.

Rhode Island FHA Loan Limits by County

County NameOne-FamilyTwo-FamilyThree-FamilyFour-FamilyMedian Sale Price
BRISTOL$454,250$581,500$702,900$873,550$395,000
KENT$454,250$581,500$702,900$873,550$395,000
NEWPORT$454,250$581,500$702,900$873,550$395,000
PROVIDENCE$454,250$581,500$702,900$873,550$395,000
WASHINGTON$454,250$581,500$702,900$873,550$395,000
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How are FHA loan limits calculated?

FHA loan limits are determined by the Department of Housing and Urban Development (HUD), which uses the conforming loan limit to make its determination. The conforming loan limit is the largest mortgage that Fannie Mae and Freddie Mac will buy. That limit is $484,350 in 2019.

That number helps the FHA set a loan “floor,” meaning the largest mortgage they’ll insure in low-cost areas. In 2019, that number is set at $314,827.

The FHA also sets a “ceiling,” which applies in high-cost areas. The ceiling is set at 150% of the conforming loan limit, or $726,525 in 2019. In most cases, this is the largest mortgage the FHA backs for a single-family home. Depending on each individual county’s median home cost, loan limits will fall somewhere between the FHA floor and ceiling — like in Rhode Island.

These are the 2019 standard FHA limits for different housing sizes nationwide:

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

These 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 Rhode Island?

Interested in making this small state your homebase? An FHA loan can make that possible, as long as you will require a mortgage of no more than $454,250. To learn more about taking out an FHA loan — including credit, income and other requirements — check out our complete guide to FHA loans.

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.

Jamie Wiebe
Jamie Wiebe |

Jamie Wiebe is a writer at MagnifyMoney. You can email Jamie here

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2019 FHA Loan Limits in Oregon

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.

Lovers of both rural and urban lifestyles can find the home of their dreams in Oregon. The state offers mountain vistas, city streets, stunning forests and calming plains.

No matter your budget or your dream-home desires, you can find an affordable house to buy in Oregon. Prices in urban Portland spent the last decade climbing, but sales have recently slowed. As of the fourth quarter of 2018, the city’s median home price was $389,000. In smaller cities, such as Salem and Eugene, that median price sits closer to $290,000.

Buyers in rural parts of the state will enjoy even cheaper prices. In western Oregon’s Grant County, for instance, the median sale price is a mere $100,000.

If you’re hoping to use a Federal Housing Administration (FHA) loan to purchase a home in Oregon, it’s important to know the loan limits for single-family properties. The FHA adjusts the maximum mortgage amount it will insure every year to keep up with changing home prices. For much of the state, that maximum is $314,827 in 2019. In pricier counties, like those in the Portland metropolitan area, that limit increases to $474,950.

Oregon FHA limits by county

County NameOne-FamilyTwo-FamilyThree-FamilyFour-FamilyMedian Sale Price
BAKER$314,827$403,125$487,250$605,525$130,000
BENTON$385,250$493,200$596,150$740,850$335,000
CLACKAMAS$474,950$608,000$734,950$913,350$413,000
CLATSOP$316,250$404,850$489,350$608,150$275,000
COLUMBIA$474,950$608,000$734,950$913,350$413,000
COOS$314,827$403,125$487,250$605,525$185,000
CROOK$314,827$403,125$487,250$605,525$206,000
CURRY$327,750$419,550$507,150$630,300$255,000
DESCHUTES$409,400$524,100$633,500$787,300$356,000
DOUGLAS$314,827$403,125$487,250$605,525$181,000
GILLIAM$314,827$403,125$487,250$605,525$96,000
GRANT$314,827$403,125$487,250$605,525$100,000
HARNEY$314,827$403,125$487,250$605,525$71,000
HOOD RIVER$477,250$610,950$738,500$917,800$415,000
JACKSON$320,850$410,750$496,500$617,000$279,000
JEFFERSON$314,827$403,125$487,250$605,525$191,000
JOSEPHINE$314,827$403,125$487,250$605,525$257,000
KLAMATH$314,827$403,125$487,250$605,525$149,000
LAKE$314,827$403,125$487,250$605,525$138,000
LANE$314,827$403,125$487,250$605,525$270,000
LINCOLN$314,827$403,125$487,250$605,525$238,000
LINN$314,827$403,125$487,250$605,525$228,000
MALHEUR$314,827$403,125$487,250$605,525$184,000
MARION$322,000$412,200$498,250$619,250$280,000
MORROW$314,827$403,125$487,250$605,525$166,000
MULTNOMAH$474,950$608,000$734,950$913,350$413,000
POLK$322,000$412,200$498,250$619,250$280,000
SHERMAN$314,827$403,125$487,250$605,525$138,000
TILLAMOOK$314,827$403,125$487,250$605,525$242,000
UMATILLA$314,827$403,125$487,250$605,525$166,000
UNION$314,827$403,125$487,250$605,525$156,000
WALLOWA$314,827$403,125$487,250$605,525$155,000
WASCO$314,827$403,125$487,250$605,525$205,000
WASHINGTON$474,950$608,000$734,950$913,350$413,000
WHEELER$314,827$403,125$487,250$605,525$83,000
YAMHILL$474,950$608,000$734,950$913,350$413,000
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How are FHA loan limits calculated?

The Department of Housing and Urban Development (HUD) determines FHA loan limits by looking at the conforming loan limit. That’s the largest mortgage that Fannie Mae and Freddie Mac will buy. In 2019, the conforming loan limit is $484,350.

The FHA uses that number to set their “floor”: the largest mortgage they’ll insure in most of the country. In 2019, that number is set at $314,827 (which is the largest loan the FHA will insure in much of Oregon, too).

The FHA also sets a “ceiling,” which applies in high-cost areas. That’s set at 150% of the conforming loan limit — $726,525. There are a few exceptions, but in most cases, this is the largest mortgage the FHA backs for a single-family home. Depending on each individual county’s median home cost, loan limits will fall somewhere between the FHA floor and ceiling.

These are the 2019 standard FHA limits nationwide:

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

These are the 2019 standard FHA limits in high-cost areas across the country:

  • 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 Oregon?

If you are buying a home in Oregon and will require a mortgage that falls below your county’s loan limits, an FHA loan may be your best option. Ready to start your homebuying journey? Check out MagnifyMoney’s complete FHA loan guide, where you can learn more about income and credit requirements, as well as other factors that may affect your FHA eligibility.

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.

Jamie Wiebe
Jamie Wiebe |

Jamie Wiebe is a writer at MagnifyMoney. You can email Jamie here

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2019 FHA Loan Limits in Montana

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.

Seeking a space of your own in Big Sky country? Montana offers country-loving homebuyers a dream assortment of ranches, farms and wide-open spaces — as well as some more urban spots for city lovers.

The state’s housing market has risen meteorically over the past two decades, but now may be a great time to buy. Home prices doubled between 1990 and 2018, especially in larger cities like Bozeman and Missoula. Median home prices in Missoula currently hover around $290,000, and houses in Bozeman’s urban center run closer to $400,000. For most of rural Montana, meanwhile, median prices are closer to $150,000 or less. As of November 2018, sale prices were facing downward pressure.

Federal Housing Administration (FHA) mortgages are a great option for eligible buyers looking to purchase a home with a smaller down payment. This government-backed program requires only 3.5% down — although it does have maximum mortgage limits.

In most of Montana, the maximum FHA mortgage allowed is $314,827. But there are some exceptions, including Gallatin County in Bozeman, where the maximum mortgage increases to $412,850.

FHA loan limits by county

County NameOne-FamilyTwo-FamilyThree-FamilyFour-FamilyMedian Sale Price
BEAVERHEAD$314,827$403,125$487,250$605,525$194,000
BIG HORN$314,827$403,125$487,250$605,525$110,000
BLAINE$314,827$403,125$487,250$605,525$98,000
BROADWATER$314,827$403,125$487,250$605,525$209,000
CARBON$314,827$403,125$487,250$605,525$248,000
CARTER$314,827$403,125$487,250$605,525$99,000
CASCADE$314,827$403,125$487,250$605,525$194,000
CHOUTEAU$314,827$403,125$487,250$605,525$139,000
CUSTER$314,827$403,125$487,250$605,525$166,000
DANIELS$314,827$403,125$487,250$605,525$136,000
DAWSON$314,827$403,125$487,250$605,525$150,000
DEER LODGE$314,827$403,125$487,250$605,525$129,000
FALLON$314,827$403,125$487,250$605,525$173,000
FERGUS$314,827$403,125$487,250$605,525$148,000
FLATHEAD$318,550$407,800$492,950$612,600$277,000
GALLATIN$412,850$528,500$638,850$793,950$359,000
GARFIELD$314,827$403,125$487,250$605,525$135,000
GLACIER$314,827$403,125$487,250$605,525$115,000
GOLDEN VALLEY$314,827$403,125$487,250$605,525$248,000
GRANITE$314,827$403,125$487,250$605,525$166,000
HILL$314,827$403,125$487,250$605,525$150,000
JEFFERSON$316,250$404,850$489,350$608,150$275,000
JUDITH BASIN$314,827$403,125$487,250$605,525$87,000
LAKE$314,827$403,125$487,250$605,525$237,000
LEWIS AND CLARK$316,250$404,850$489,350$608,150$275,000
LIBERTY$314,827$403,125$487,250$605,525$56,000
LINCOLN$314,827$403,125$487,250$605,525$158,000
MADISON$325,450$416,600$503,600$625,850$251,000
MCCONE$314,827$403,125$487,250$605,525$134,000
MEAGHER$314,827$403,125$487,250$605,525$178,000
MINERAL$314,827$403,125$487,250$605,525$201,000
MISSOULA$334,650$428,400$517,850$643,550$291,000
MUSSELSHELL$314,827$403,125$487,250$605,525$197,000
PARK$314,827$403,125$487,250$605,525$263,000
PETROLEUM$314,827$403,125$487,250$605,525$135,000
PHILLIPS$314,827$403,125$487,250$605,525$136,000
PONDERA$314,827$403,125$487,250$605,525$125,000
POWDER RIVER$314,827$403,125$487,250$605,525$85,000
POWELL$314,827$403,125$487,250$605,525$156,000
PRAIRIE$314,827$403,125$487,250$605,525$92,000
RAVALLI$314,827$403,125$487,250$605,525$255,000
RICHLAND$314,827$403,125$487,250$605,525$233,000
ROOSEVELT$314,827$403,125$487,250$605,525$134,000
ROSEBUD$314,827$403,125$487,250$605,525$129,000
SANDERS$314,827$403,125$487,250$605,525$170,000
SHERIDAN$314,827$403,125$487,250$605,525$165,000
SILVER BOW$314,827$403,125$487,250$605,525$153,000
STILLWATER$314,827$403,125$487,250$605,525$243,000
SWEET GRASS$314,827$403,125$487,250$605,525$182,000
TETON$314,827$403,125$487,250$605,525$169,000
TOOLE$314,827$403,125$487,250$605,525$151,000
TREASURE$314,827$403,125$487,250$605,525$108,000
VALLEY$314,827$403,125$487,250$605,525$163,000
WHEATLAND$314,827$403,125$487,250$605,525$103,000
WIBAUX$314,827$403,125$487,250$605,525$125,000
YELLOWSTONE$314,827$403,125$487,250$605,525$248,000

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How are FHA loan limits determined?

FHA loan limits are set by the U.S. Department of Housing and Urban Development (HUD) and are based on the conforming loan limit, or how large a mortgage Fannie Mae and Freddie Mac are willing to insure. In 2019, the limit is $484,350. The FHA also has a “floor,” which is the largest mortgage the agency will issue in most of the country, at 65% of the conforming loan limit. For 2019, the floor is set at $314,827.

The FHA also sets a “ceiling” for high-cost areas: 150% of the conforming loan limit, or $726,525 in 2019. There are some exceptions, but generally, this is the largest single-family home mortgage the agency will insure. In other areas, FHA loan limits fall between 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

And here are the 2019 standard FHA limits for high-cost-of-living 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 Montana?

Rural homesteaders looking to buy their Montana dream home are in luck: Qualifying for an FHA loan is simple, and the state offers many properties that fit within the FHA loan limits. Check out the Montana FHA loan limits here. If you’re purchasing a home in Montana and will require a mortgage that matches the program’s parameters, review LendingTree’s main FHA page to learn more about the credit score, income and other factors that may affect your eligibility. (LendingTree is the parent company of MagnifyMoney.)

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.

Jamie Wiebe
Jamie Wiebe |

Jamie Wiebe is a writer at MagnifyMoney. You can email Jamie here

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