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2019 FHA Loan Limits in Oklahoma

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

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Oklahoma is a land of sweeping plains, cattle ranches and Native American history. The state is home to wheat and other types of farms, as well as a vibrant natural resources sector featuring mining, petroleum and gas extraction. While its location in America’s “Tornado Alley” means residents see the occasional surprise tornado, what they fortunately don’t see are spiking home prices.

Oklahoma is an affordable place to live. Median 2018 single-family home prices in major cities such as Oklahoma City and Tulsa came in at $161,000 and $164,700, respectively, according to data from the National Association of Realtors. Only two counties in the state — Canadian County and McClain County — have median home prices above $174,000. This still falls far below the national median of $261,600.

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Nevertheless, you may find you need extra financing help when you want to buy a house. One option is to apply for a mortgage insured by the Federal Housing Authority (FHA). FHA loans have low down payment requirements and may be easier to qualify for than conventional mortgages.

The FHA sets restrictions on the size of the mortgages it will back. Those limits change every year to keep up with changing home prices. The standard 2019 limit for areas considered “low cost” is $314,827 across the country. Because Oklahoma’s home prices are so reasonable, the FHA loan limit to purchase a single-family home is $314,827 for every county in Oklahoma.

Oklahoma FHA Loan Limits by County

County NameOne-FamilyTwo-FamilyThree-FamilyFour-FamilyMedian Sale Price
ADAIR$314,827 $403,125 $487,250 $605,525 $52,000
ALFALFA$314,827 $403,125 $487,250 $605,525 $72,000
ATOKA$314,827 $403,125 $487,250 $605,525 $51,000
BEAVER$314,827 $403,125 $487,250 $605,525 $79,000
BECKHAM$314,827 $403,125 $487,250 $605,525 $96,000
BLAINE$314,827 $403,125 $487,250 $605,525 $48,000
BRYAN$314,827 $403,125 $487,250 $605,525 $93,000
CADDO$314,827 $403,125 $487,250 $605,525 $84,000
CANADIAN$314,827 $403,125 $487,250 $605,525 $161,000
CARTER$314,827 $403,125 $487,250 $605,525 $104,000
CHEROKEE$314,827 $403,125 $487,250 $605,525 $75,000
CHOCTAW$314,827 $403,125 $487,250 $605,525 $47,000
CIMARRON$314,827 $403,125 $487,250 $605,525 $28,000
CLEVELAND$314,827 $403,125 $487,250 $605,525 $161,000
COAL$314,827 $403,125 $487,250 $605,525 $40,000
COMANCHE$314,827 $403,125 $487,250 $605,525 $111,000
COTTON$314,827 $403,125 $487,250 $605,525 $111,000
CRAIG$314,827 $403,125 $487,250 $605,525 $97,000
CREEK$314,827 $403,125 $487,250 $605,525 $157,000
CUSTER$314,827 $403,125 $487,250 $605,525 $111,000
DELAWARE$314,827 $403,125 $487,250 $605,525 $95,000
DEWEY$314,827 $403,125 $487,250 $605,525 $91,000
ELLIS$314,827 $403,125 $487,250 $605,525 $68,000
GARFIELD$314,827 $403,125 $487,250 $605,525 $104,000
GARVIN$314,827 $403,125 $487,250 $605,525 $55,000
GRADY$314,827 $403,125 $487,250 $605,525 $161,000
GRANT$314,827 $403,125 $487,250 $605,525 $50,000
GREER$314,827 $403,125 $487,250 $605,525 $78,000
HARMON$314,827 $403,125 $487,250 $605,525 $45,000
HARPER$314,827 $403,125 $487,250 $605,525 $78,000
HASKELL$314,827 $403,125 $487,250 $605,525 $89,000
HUGHES$314,827 $403,125 $487,250 $605,525 $73,000
JACKSON$314,827 $403,125 $487,250 $605,525 $103,000
JEFFERSON$314,827 $403,125 $487,250 $605,525 $30,000
JOHNSTON$314,827 $403,125 $487,250 $605,525 $46,000
KAY$314,827 $403,125 $487,250 $605,525 $70,000
KINGFISHER$314,827 $403,125 $487,250 $605,525 $137,000
KIOWA$314,827 $403,125 $487,250 $605,525 $35,000
LATIMER$314,827 $403,125 $487,250 $605,525 $34,000
LE FLORE$314,827 $403,125 $487,250 $605,525 $120,000
LINCOLN$314,827 $403,125 $487,250 $605,525 $161,000
LOGAN$314,827 $403,125 $487,250 $605,525 $161,000
LOVE$314,827 $403,125 $487,250 $605,525 $58,000
MAJOR$314,827 $403,125 $487,250 $605,525 $69,000
MARSHALL$314,827 $403,125 $487,250 $605,525 $67,000
MAYES$314,827 $403,125 $487,250 $605,525 $83,000
MCCLAIN$314,827 $403,125 $487,250 $605,525 $161,000
MCCURTAIN$314,827 $403,125 $487,250 $605,525 $71,000
MCINTOSH$314,827 $403,125 $487,250 $605,525 $46,000
MURRAY$314,827 $403,125 $487,250 $605,525 $56,000
MUSKOGEE$314,827 $403,125 $487,250 $605,525 $84,000
NOBLE$314,827 $403,125 $487,250 $605,525 $117,000
NOWATA$314,827 $403,125 $487,250 $605,525 $62,000
OKFUSKEE$314,827 $403,125 $487,250 $605,525 $41,000
OKLAHOMA$314,827 $403,125 $487,250 $605,525 $161,000
OKMULGEE$314,827 $403,125 $487,250 $605,525 $157,000
OSAGE$314,827 $403,125 $487,250 $605,525 $157,000
OTTAWA$314,827 $403,125 $487,250 $605,525 $63,000
PAWNEE$314,827 $403,125 $487,250 $605,525 $157,000
PAYNE$314,827 $403,125 $487,250 $605,525 $140,000
PITTSBURG$314,827 $403,125 $487,250 $605,525 $70,000
PONTOTOC$314,827 $403,125 $487,250 $605,525 $96,000
POTTAWATOMIE$314,827 $403,125 $487,250 $605,525 $90,000
PUSHMATAHA$314,827 $403,125 $487,250 $605,525 $76,000
ROGER MILLS$314,827 $403,125 $487,250 $605,525 $63,000
ROGERS$314,827 $403,125 $487,250 $605,525 $157,000
SEMINOLE$314,827 $403,125 $487,250 $605,525 $55,000
SEQUOYAH$314,827 $403,125 $487,250 $605,525 $120,000
STEPHENS$314,827 $403,125 $487,250 $605,525 $75,000
TEXAS$314,827 $403,125 $487,250 $605,525 $95,000
TILLMAN$314,827 $403,125 $487,250 $605,525 $32,000
TULSA$314,827 $403,125 $487,250 $605,525 $157,000
WAGONER$314,827 $403,125 $487,250 $605,525 $157,000
WASHINGTON$314,827 $403,125 $487,250 $605,525 $110,000
WASHITA$314,827 $403,125 $487,250 $605,525 $46,000
WOODS$314,827 $403,125 $487,250 $605,525 $98,000
WOODWARD$314,827 $403,125 $487,250 $605,525 $99,000

How are FHA loan limits calculated?

The U.S. Department of Housing and Urban Development (HUD) sets FHA loan limits each year. HUD takes what is known as the “baseline conforming loan limit,” the maximum loan size,. Freddie Mac or Fannie Mae will purchase, and uses that as the figure from which FHA loan amounts are calculated. In 2019, the conforming loan limit is $484,350.

The lower end of FHA limits, called the “floor,” is 65% of this figure, or $314,827. That’s the limit for low-cost areas. The higher end or “ceiling” for more expensive markets is 150% of the conforming loan limit, or $726,525.

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

Are you eligible for an FHA loan in Oklahoma?

More than 30% of mortgage loans originated in Oklahoma are FHA loans, according to a 2016 FHA annual report (the most recent report covering this data). To qualify for an FHA loan, you’ll need to meet minimum credit scoreand other requirements, some of which may be added as “overlays” by lenders offering the loans. For more information, visit MagnifyMoney’s complete guide to FHA loans.

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.

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2019 FHA Loan Limits in Ohio

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

Written By

Intro

The Buckeye State, with its central location and its famous Ohio River, has a relatively inexpensive housing market. Median single-family home prices in major Ohio cities fall below the U.S. median of $261,600. The most expensive city, by median single-family home price, is Columbus at $200,000, followed by Cincinnati at $169,400, Cleveland at $150,100, and Dayton at $145,000.

If you look at housing prices by county, the story is similar. Only one county in the state — Delaware County — has homes with median prices over $300,000. Many counties’ median home prices don’t even top $200,000.

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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.

Still, you may feel you need help with financing a home purchase in Ohio. One attractive option is to apply for a mortgage that’s insured by the Federal Housing Authority (FHA). An FHA loan requires a lower down payment and credit score than conventional mortgages.

If you’re looking to buy a home using an FHA loan in Ohio, you’re in good company. Some 26.5% of all loans originated in the state during 2016 were FHA loans, the most recent year for which FHA has data. A 2018 report noted that 3.84% of FHA loans nationwide originated in Ohio.

Every year, the FHA sets new limits on the amount it will insure home mortgages for. The limits adjust to keep up with changing home prices. In 2019, the price limit is $314,827 for low-cost areas nationwide.

Because median home prices in Ohio are so reasonable, the FHA loan limit for a single-family home is that same $314,827 everywhere in the state except for the Columbus metro area, where it is $356,500.

Ohio FHA Loan Limits by County

County NameOne-FamilyTwo-FamilyThree-FamilyFour-FamilyMedian Sale Price
ADAMS$314,827 $403,125 $487,250 $605,525 $50,000
ALLEN$314,827 $403,125 $487,250 $605,525 $93,000
ASHLAND$314,827 $403,125 $487,250 $605,525 $110,000
ASHTABULA$314,827 $403,125 $487,250 $605,525 $76,000
ATHENS$314,827 $403,125 $487,250 $605,525 $113,000
AUGLAIZE$314,827 $403,125 $487,250 $605,525 $116,000
BELMONT$314,827 $403,125 $487,250 $605,525 $119,000
BROWN$314,827 $403,125 $487,250 $605,525 $229,000
BUTLER$314,827 $403,125 $487,250 $605,525 $229,000
CARROLL$314,827 $403,125 $487,250 $605,525 $119,000
CHAMPAIGN$314,827 $403,125 $487,250 $605,525 $120,000
CLARK$314,827 $403,125 $487,250 $605,525 $98,000
CLERMONT$314,827 $403,125 $487,250 $605,525 $229,000
CLINTON$314,827 $403,125 $487,250 $605,525 $112,000
COLUMBIANA$314,827 $403,125 $487,250 $605,525 $80,000
COSHOCTON$314,827 $403,125 $487,250 $605,525 $75,000
CRAWFORD$314,827 $403,125 $487,250 $605,525 $63,000
CUYAHOGA$314,827 $403,125 $487,250 $605,525 $234,000
DARKE$314,827 $403,125 $487,250 $605,525 $102,000
DEFIANCE$314,827 $403,125 $487,250 $605,525 $93,000
DELAWARE$356,500 $456,350 $551,650 $685,550 $310,000
ERIE$314,827 $403,125 $487,250 $605,525 $110,000
FAIRFIELD$356,500 $456,350 $551,650 $685,550 $310,000
FAYETTE$314,827 $403,125 $487,250 $605,525 $100,000
FRANKLIN$356,500 $456,350 $551,650 $685,550 $310,000
FULTON$314,827 $403,125 $487,250 $605,525 $160,000
GALLIA$314,827 $403,125 $487,250 $605,525 $111,000
GEAUGA$314,827 $403,125 $487,250 $605,525 $234,000
GREENE$314,827 $403,125 $487,250 $605,525 $168,000
GUERNSEY$314,827 $403,125 $487,250 $605,525 $76,000
HAMILTON$314,827 $403,125 $487,250 $605,525 $229,000
HANCOCK$314,827 $403,125 $487,250 $605,525 $135,000
HARDIN$314,827 $403,125 $487,250 $605,525 $79,000
HARRISON$314,827 $403,125 $487,250 $605,525 $65,000
HENRY$314,827 $403,125 $487,250 $605,525 $99,000
HIGHLAND$314,827 $403,125 $487,250 $605,525 $78,000
HOCKING$356,500 $456,350 $551,650 $685,550 $310,000
HOLMES$314,827 $403,125 $487,250 $605,525 $155,000
HURON$314,827 $403,125 $487,250 $605,525 $100,000
JACKSON$314,827 $403,125 $487,250 $605,525 $69,000
JEFFERSON$314,827 $403,125 $487,250 $605,525 $94,000
KNOX$314,827 $403,125 $487,250 $605,525 $130,000
LAKE$314,827 $403,125 $487,250 $605,525 $234,000
LAWRENCE$314,827 $403,125 $487,250 $605,525 $158,000
LICKING$356,500 $456,350 $551,650 $685,550 $310,000
LOGAN$314,827 $403,125 $487,250 $605,525 $94,000
LORAIN$314,827 $403,125 $487,250 $605,525 $234,000
LUCAS$314,827 $403,125 $487,250 $605,525 $160,000
MADISON$356,500 $456,350 $551,650 $685,550 $310,000
MAHONING$314,827 $403,125 $487,250 $605,525 $88,000
MARION$314,827 $403,125 $487,250 $605,525 $85,000
MEDINA$314,827 $403,125 $487,250 $605,525 $234,000
MEIGS$314,827 $403,125 $487,250 $605,525 $52,000
MERCER$314,827 $403,125 $487,250 $605,525 $125,000
MIAMI$314,827 $403,125 $487,250 $605,525 $168,000
MONROE$314,827 $403,125 $487,250 $605,525 $70,000
MONTGOMERY$314,827 $403,125 $487,250 $605,525 $168,000
MORGAN$314,827 $403,125 $487,250 $605,525 $50,000
MORROW$356,500 $456,350 $551,650 $685,550 $310,000
MUSKINGUM$314,827 $403,125 $487,250 $605,525 $98,000
NOBLE$314,827 $403,125 $487,250 $605,525 $79,000
OTTAWA$314,827 $403,125 $487,250 $605,525 $139,000
PAULDING$314,827 $403,125 $487,250 $605,525 $75,000
PERRY$356,500 $456,350 $551,650 $685,550 $310,000
PICKAWAY$356,500 $456,350 $551,650 $685,550 $310,000
PIKE$314,827 $403,125 $487,250 $605,525 $75,000
PORTAGE$314,827 $403,125 $487,250 $605,525 $150,000
PREBLE$314,827 $403,125 $487,250 $605,525 $99,000
PUTNAM$314,827 $403,125 $487,250 $605,525 $105,000
RICHLAND$314,827 $403,125 $487,250 $605,525 $95,000
ROSS$314,827 $403,125 $487,250 $605,525 $106,000
SANDUSKY$314,827 $403,125 $487,250 $605,525 $90,000
SCIOTO$314,827 $403,125 $487,250 $605,525 $65,000
SENECA$314,827 $403,125 $487,250 $605,525 $80,000
SHELBY$314,827 $403,125 $487,250 $605,525 $122,000
STARK$314,827 $403,125 $487,250 $605,525 $119,000
SUMMIT$314,827 $403,125 $487,250 $605,525 $150,000
TRUMBULL$314,827 $403,125 $487,250 $605,525 $88,000
TUSCARAWAS$314,827 $403,125 $487,250 $605,525 $110,000
UNION$356,500 $456,350 $551,650 $685,550 $310,000
VAN WERT$314,827 $403,125 $487,250 $605,525 $82,000
VINTON$314,827 $403,125 $487,250 $605,525 $47,000
WARREN$314,827 $403,125 $487,250 $605,525 $229,000
WASHINGTON$314,827 $403,125 $487,250 $605,525 $106,000
WAYNE$314,827 $403,125 $487,250 $605,525 $133,000
WILLIAMS$314,827 $403,125 $487,250 $605,525 $90,000
WOOD$314,827 $403,125 $487,250 $605,525 $160,000
WYANDOT$314,827 $403,125 $487,250 $605,525 $83,000

How are FHA loan limits calculated?

The U.S. Department of Housing and Urban Development (HUD) sets FHA loan limits based on the conforming loan limit — or how large of a mortgage Fannie Mae and Freddie Mac will purchase. In 2019, the conforming loan limit is $484,350.

The FHA “floor” is the largest mortgage the agency will issue in most of the country and is set at 65% of the conforming loan limit, which is $314,827 for 2019. The FHA “ceiling” applies to high-cost areas and is set at 150% of the conforming loan limit, or $726,525. Outside of a few exceptions, this is the highest mortgage the agency will insure for a single-family home. In other areas, loan limits fall somewhere between 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 Ohio?

An FHA loan may be able to help you with your homebuying needs, but you will have to qualify. Your credit score, income level and debt-to-income ratio will all be taken into consideration by lenders. To learn more about qualifying for an FHA loan, as well as other information about the process, visit MagnifyMoney’s complete guide to FHA loans.

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.