2019 FHA Loan Limits in Iowa

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Updated on Wednesday, April 3, 2019

While Iowa is known for gently rolling hills and cornfields, its urban population is still larger than its rural one, according to 2010 U.S. Census data. With a total population of just over 3 million, nearly 2 million live in urban areas. However, of a total land area of 55,857 square miles, just 954 square miles constitute urban centers — meaning that first-time homebuyers still have plenty of opportunities to settle in rural areas if they wish.

In Iowa, the statewide FHA loan limit for a single-family home is $314,827. During fiscal year 2018, only 0.60% of total nationwide FHA loans came from Iowa, up slightly from 0.59% one year earlier. During fiscal year 2016, the latest available data, 7,963 FHA loans were originated in the state, totaling $1 billion.

Iowa FHA loan limits by county

County NameOne-FamilyTwo-FamilyThree-FamilyFour-FamilyMedian Sale Price
ADAIR$314,827 $403,125 $487,250 $605,525 $80,000
ADAMS$314,827 $403,125 $487,250 $605,525 $49,000
ALLAMAKEE$314,827 $403,125 $487,250 $605,525 $90,000
APPANOOSE$314,827 $403,125 $487,250 $605,525 $55,000
AUDUBON$314,827 $403,125 $487,250 $605,525 $49,000
BENTON$314,827 $403,125 $487,250 $605,525 $149,000
BLACK HAWK$314,827 $403,125 $487,250 $605,525 $143,000
BOONE$314,827 $403,125 $487,250 $605,525 $120,000
BREMER$314,827 $403,125 $487,250 $605,525 $143,000
BUCHANAN$314,827 $403,125 $487,250 $605,525 $110,000
BUENA VISTA$314,827 $403,125 $487,250 $605,525 $109,000
BUTLER$314,827 $403,125 $487,250 $605,525 $100,000
CALHOUN$314,827 $403,125 $487,250 $605,525 $55,000
CARROLL$314,827 $403,125 $487,250 $605,525 $113,000
CASS$314,827 $403,125 $487,250 $605,525 $80,000
CEDAR$314,827 $403,125 $487,250 $605,525 $131,000
CERRO GORDO$314,827 $403,125 $487,250 $605,525 $99,000
CHEROKEE$314,827 $403,125 $487,250 $605,525 $80,000
CHICKASAW$314,827 $403,125 $487,250 $605,525 $90,000
CLARKE$314,827 $403,125 $487,250 $605,525 $81,000
CLAY$314,827 $403,125 $487,250 $605,525 $112,000
CLAYTON$314,827 $403,125 $487,250 $605,525 $95,000
CLINTON$314,827 $403,125 $487,250 $605,525 $95,000
CRAWFORD$314,827 $403,125 $487,250 $605,525 $74,000
DALLAS$314,827 $403,125 $487,250 $605,525 $248,000
DAVIS$314,827 $403,125 $487,250 $605,525 $127,000
DECATUR$314,827 $403,125 $487,250 $605,525 $60,000
DELAWARE$314,827 $403,125 $487,250 $605,525 $125,000
DES MOINES$314,827 $403,125 $487,250 $605,525 $88,000
DICKINSON$314,827 $403,125 $487,250 $605,525 $182,000
DUBUQUE$314,827 $403,125 $487,250 $605,525 $153,000
EMMET$314,827 $403,125 $487,250 $605,525 $60,000
FAYETTE$314,827 $403,125 $487,250 $605,525 $69,000
FLOYD$314,827 $403,125 $487,250 $605,525 $80,000
FRANKLIN$314,827 $403,125 $487,250 $605,525 $65,000
FREMONT$314,827 $403,125 $487,250 $605,525 $73,000
GREENE$314,827 $403,125 $487,250 $605,525 $70,000
GRUNDY$314,827 $403,125 $487,250 $605,525 $143,000
GUTHRIE$314,827 $403,125 $487,250 $605,525 $248,000
HAMILTON$314,827 $403,125 $487,250 $605,525 $82,000
HANCOCK$314,827 $403,125 $487,250 $605,525 $79,000
HARDIN$314,827 $403,125 $487,250 $605,525 $76,000
HARRISON$314,827 $403,125 $487,250 $605,525 $205,000
HENRY$314,827 $403,125 $487,250 $605,525 $98,000
HOWARD$314,827 $403,125 $487,250 $605,525 $80,000
HUMBOLDT$314,827 $403,125 $487,250 $605,525 $81,000
IDA$314,827 $403,125 $487,250 $605,525 $63,000
IOWA$314,827 $403,125 $487,250 $605,525 $153,000
JACKSON$314,827 $403,125 $487,250 $605,525 $99,000
JASPER$314,827 $403,125 $487,250 $605,525 $106,000
JEFFERSON$314,827 $403,125 $487,250 $605,525 $100,000
JOHNSON$314,827 $403,125 $487,250 $605,525 $240,000
JONES$314,827 $403,125 $487,250 $605,525 $149,000
KEOKUK$314,827 $403,125 $487,250 $605,525 $55,000
KOSSUTH$314,827 $403,125 $487,250 $605,525 $87,000
LEE$314,827 $403,125 $487,250 $605,525 $94,000
LINN$314,827 $403,125 $487,250 $605,525 $149,000
LOUISA$314,827 $403,125 $487,250 $605,525 $90,000
LUCAS$314,827 $403,125 $487,250 $605,525 $72,000
LYON$314,827 $403,125 $487,250 $605,525 $100,000
MADISON$314,827 $403,125 $487,250 $605,525 $248,000
MAHASKA$314,827 $403,125 $487,250 $605,525 $87,000
MARION$314,827 $403,125 $487,250 $605,525 $133,000
MARSHALL$314,827 $403,125 $487,250 $605,525 $90,000
MILLS$314,827 $403,125 $487,250 $605,525 $205,000
MITCHELL$314,827 $403,125 $487,250 $605,525 $89,000
MONONA$314,827 $403,125 $487,250 $605,525 $60,000
MONROE$314,827 $403,125 $487,250 $605,525 $61,000
MONTGOMERY$314,827 $403,125 $487,250 $605,525 $69,000
MUSCATINE$314,827 $403,125 $487,250 $605,525 $117,000
O'BRIEN$314,827 $403,125 $487,250 $605,525 $85,000
OSCEOLA$314,827 $403,125 $487,250 $605,525 $75,000
PAGE$314,827 $403,125 $487,250 $605,525 $72,000
PALO ALTO$314,827 $403,125 $487,250 $605,525 $79,000
PLYMOUTH$314,827 $403,125 $487,250 $605,525 $175,000
POCAHONTAS$314,827 $403,125 $487,250 $605,525 $61,000
POLK$314,827 $403,125 $487,250 $605,525 $248,000
POTTAWATTAMIE$314,827 $403,125 $487,250 $605,525 $205,000
POWESHIEK$314,827 $403,125 $487,250 $605,525 $119,000
RINGGOLD$314,827 $403,125 $487,250 $605,525 $68,000
SAC$314,827 $403,125 $487,250 $605,525 $55,000
SCOTT$314,827 $403,125 $487,250 $605,525 $155,000
SHELBY$314,827 $403,125 $487,250 $605,525 $87,000
SIOUX$314,827 $403,125 $487,250 $605,525 $139,000
STORY$314,827 $403,125 $487,250 $605,525 $193,000
TAMA$314,827 $403,125 $487,250 $605,525 $78,000
TAYLOR$314,827 $403,125 $487,250 $605,525 $50,000
UNION$314,827 $403,125 $487,250 $605,525 $67,000
VAN BUREN$314,827 $403,125 $487,250 $605,525 $65,000
WAPELLO$314,827 $403,125 $487,250 $605,525 $127,000
WARREN$314,827 $403,125 $487,250 $605,525 $248,000
WASHINGTON$314,827 $403,125 $487,250 $605,525 $240,000
WAYNE$314,827 $403,125 $487,250 $605,525 $40,000
WEBSTER$314,827 $403,125 $487,250 $605,525 $75,000
WINNEBAGO$314,827 $403,125 $487,250 $605,525 $76,000
WINNESHIEK$314,827 $403,125 $487,250 $605,525 $135,000
WOODBURY$314,827 $403,125 $487,250 $605,525 $175,000
WORTH$314,827 $403,125 $487,250 $605,525 $99,000
WRIGHT$314,827 $403,125 $487,250 $605,525 $67,000
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How are FHA loan limits determined?

The monetary loan limits for FHA loans are set annually by the Department of Housing and Urban Development, or HUD. The minimum loan limit is known as a “floor,” while the maximum loan limit is known as a “ceiling.” The floor is the maximum that the FHA will insure in most parts of the country, while the ceiling is the maximum that the FHA will insure in high-cost areas.

HUD bases these limits on the baseline national conforming loan limit, which determines the size of a loan that Fannie Mae and Freddie Mac are willing to buy. In 2019, that figure is $484,350. With that in mind, remember that the floor is set at 65% of the baseline, or $314,827 for 2019.

Do you qualify for an FHA loan in Iowa?

Now that you have a better understanding of the FHA loan basics in Iowa, it’s time for you to move forward and see if you qualify for one. When preparing to apply for a loan, it’s important to keep a few things in mind:

  • Be sure to pull your credit report (you can get a free one at AnnualCreditReport.com) to get a better sense of your financial picture.
  • Gather documentation that you’re going to need, including pay stubs, W-2s, bank statements, savings paperwork and anything else that pertains to your ability to make a down payment.
  • Start researching the areas in Iowa where you would most like to live; knowing specifics will help you better hone your search once you’re ready to get started.

Also, make sure to do all your research. The more you know, the better equipped you will be to find a well-priced house that you can afford. Best of luck finding your perfect Iowa home!