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Updated on Friday, April 5, 2019
If you’re a New Hampshire resident hoping to get a mortgage through the Federal Housing Administration (FHA), you should be aware that each year, the FHA loan limits are set and adjusted to reflect changes in U.S. home prices. For a single-family home in New Hampshire, the FHA loan limits in 2019 range from $314,827 to $688,850. For a four-plex, the amount maxes out at $1,324,750.
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In 2018, FHA mortgages in New Hampshire accounted for 0.43% of all FHA loans across the U.S. In 2016 (the most recent year for which this data is available), 5,509 FHA loans originated in the Granite State, for a total of $1.2 billion.
According to the National Association of Realtors, the median home price for an existing single-family home in the Manchester-Nashua area was $300,000 at the end of the third quarter of 2018. This price increased by 5.3% since the third quarter in 2017.
Let’s take a closer look at New Hampshire FHA loan limits by county and how the FHA loan limits are determined.
New Hampshire FHA Loan Limits by County
|County Name||One-Family||Two-Family||Three-Family||Four-Family||Median Sale Price|
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, which is how large of a mortgage Fannie Mae and Freddie Mac will purchase. In 2019, $484,350 is that limit.
To be clear, FHA loans are not conforming loans. The agency just uses conforming loan limits to set its own loan limits.
The “floor,” or the largest mortgage the FHA will issue to most of the country, is $314,827 for 2019. The “ceiling,” which applies to high-cost areas and is set at 150% of the conforming loan limit, is $726,525. This is typically the highest amount that will be insured for a single-family home.
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:
- 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 New Hampshire?
It’s important to understand that the price of the home you’re buying is only one factor that determines whether you’re eligible for an FHA loan. Other criteria, such as your down payment, credit history, credit score and income will be considered as well. For more information on FHA loan eligibility and frequently asked questions about FHA loans, we encourage you to check out our complete guide to FHA loans.