2019 FHA Loan Limits in Connecticut

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Updated on Wednesday, April 3, 2019


Connecticut, the third-smallest state in size after Rhode Island and Delaware, has nearly 3.6 million residents, 67% of whom are homeowners. The most expensive housing market in the state includes towns near New York City such as Greenwich, Bridgeport and Stamford. The rest of the state has a mix of small towns and cities with more affordable housing, including New Haven, New London and Hartford, the state capital.

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Connecticut’s average sales price for homes was $276,109 in 2018, a decline of 4.19% compared with the average sales price there in 2017 — the steepest decline of any state in the New England region that year, according to a market report from real estate brokerage RE/MAX INTEGRA, New England.

For some homebuyers, a Federal Housing Administration (FHA) loan, which has low down- payment requirements and lower minimum credit-score requirements, is a good way to finance a home. In addition, FHA loans allow sellers to pay some closing costs.

FHA loan limits in Connecticut range from $314,827 in most counties, which is the national limit for low-cost housing markets, to $601,450 in Fairfield County near New York City.
Just 1.04% of all the FHA loans in the country were made in Connecticut in 2018, according to HUD. There were 12,754 FHA loans endorsed in Connecticut in 2016, the most recent year for which this data is available, with a total volume of $2.6 billion.

Connecticut FHA Loan Limits by County

County NameOne-FamilyTwo-FamilyThree-FamilyFour-FamilyMedian Sale Price
FAIRFIELD$601,450 $769,950 $930,700 $1,156,650 $471,000
HARTFORD$353,050 $451,950 $546,300 $678,950 $274,000
LITCHFIELD$357,650 $457,850 $553,450 $687,800 $240,000
MIDDLESEX$353,050 $451,950 $546,300 $678,950 $274,000
NEW HAVEN$314,827 $403,125 $487,250 $605,525 $245,000
NEW LONDON$314,827 $403,125 $487,250 $605,525 $240,000
TOLLAND$353,050 $451,950 $546,300 $678,950 $274,000
WINDHAM$327,750 $419,550 $507,150 $630,300 $285,000

How are FHA loan limits determined?

FHA loan limits refer to the maximum amount any homebuyer can qualify to borrow. Your maximum home price depends on the money you have available for a down payment and the amount a lender will approve for you.

FHA loan limits are set in response to the conforming loan limits established by Fannie Mae and Freddie Mac. The lowest FHA loan limit, also known as the “floor,” is 65% of the Fannie Mae and Freddie Mac loan limit. In 2019, the floor is $314,827 for a single-family home. In high-cost U.S. housing markets, the limit is $726,525, and in some exceptional markets such as Hawaii, Guam, the Virgin Islands and Alaska, the FHA limit for a single-family home is $1,089,787. Limits are higher for two-, three- and four-unit residences.

Do you qualify for an FHA loan in Connecticut?

FHA loans are popular with homebuyers because of their low down-payment requirement of 3.5% of the purchase price and their lower minimum credit score requirements. On the other hand, FHA loans typically have higher mortgage insurance costs than conventional loans.

Comparing all your loan options can help you choose the best financial tool for your home purchase.