FHA Loans: What You Need to Know in 2022
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2022 FHA Loan Limits in Georgia

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Home loans backed by the Federal Housing Administration (FHA) offer lower down payments and more lenient requirements to qualify. In Georgia, you can borrow up to $420,680 with a FHA loan for a single-family home in most counties in the state. However, homebuyers can borrow up to $471,500 or a single-family home in some higher-cost counties in the Atlanta metro area.

Georgia FHA loan limits by county

County nameOne unitTwo unitsThree unitsFour unitsMedian sales price
APPLING$420,680$538,650$651,050$809,150$69,000
ATKINSON$420,680$538,650$651,050$809,150$105,000
BACON$420,680$538,650$651,050$809,150$52,000
BAKER$420,680$538,650$651,050$809,150$28,000
BALDWIN$420,680$538,650$651,050$809,150$139,000
BANKS$420,680$538,650$651,050$809,150$192,000
BARROW$471,500$603,600$729,600$906,750$410,000
BARTOW$471,500$603,600$729,600$906,750$410,000
BEN HILL$420,680$538,650$651,050$809,150$68,000
BERRIEN$420,680$538,650$651,050$809,150$109,000
BIBB$420,680$538,650$651,050$809,150$180,000
BLECKLEY$420,680$538,650$651,050$809,150$79,000
BRANTLEY$420,680$538,650$651,050$809,150$267,000
BROOKS$420,680$538,650$651,050$809,150$170,000
BRYAN$420,680$538,650$651,050$809,150$278,000
BULLOCH$420,680$538,650$651,050$809,150$175,000
BURKE$420,680$538,650$651,050$809,150$245,000
BUTTS$471,500$603,600$729,600$906,750$410,000
CALHOUN$420,680$538,650$651,050$809,150$65,000
CAMDEN$420,680$538,650$651,050$809,150$189,000
CANDLER$420,680$538,650$651,050$809,150$81,000
CARROLL$471,500$603,600$729,600$906,750$410,000
CATOOSA$420,680$538,650$651,050$809,150$251,000
CHARLTON$420,680$538,650$651,050$809,150$83,000
CHATHAM$420,680$538,650$651,050$809,150$278,000
CHATTAHOOCHEE$420,680$538,650$651,050$809,150$261,000
CHATTOOGA$420,680$538,650$651,050$809,150$86,000
CHEROKEE$471,500$603,600$729,600$906,750$410,000
CLARKE$457,700$585,950$708,250$880,200$398,000
CLAY$420,680$538,650$651,050$809,150$75,000
CLAYTON$471,500$603,600$729,600$906,750$410,000
CLINCH$420,680$538,650$651,050$809,150$64,000
COBB$471,500$603,600$729,600$906,750$410,000
COFFEE$420,680$538,650$651,050$809,150$105,000
COLQUITT$420,680$538,650$651,050$809,150$94,000
COLUMBIA$420,680$538,650$651,050$809,150$245,000
COOK$420,680$538,650$651,050$809,150$85,000
COWETA$471,500$603,600$729,600$906,750$410,000
CRAWFORD$420,680$538,650$651,050$809,150$180,000
CRISP$420,680$538,650$651,050$809,150$104,000
DADE$420,680$538,650$651,050$809,150$251,000
DAWSON$471,500$603,600$729,600$906,750$410,000
DECATUR$420,680$538,650$651,050$809,150$115,000
DEKALB$471,500$603,600$729,600$906,750$410,000
DODGE$420,680$538,650$651,050$809,150$60,000
DOOLY$420,680$538,650$651,050$809,150$50,000
DOUGHERTY$420,680$538,650$651,050$809,150$183,000
DOUGLAS$471,500$603,600$729,600$906,750$410,000
EARLY$420,680$538,650$651,050$809,150$65,000
ECHOLS$420,680$538,650$651,050$809,150$170,000
EFFINGHAM$420,680$538,650$651,050$809,150$278,000
ELBERT$420,680$538,650$651,050$809,150$80,000
EMANUEL$420,680$538,650$651,050$809,150$55,000
EVANS$420,680$538,650$651,050$809,150$69,000
FANNIN$420,680$538,650$651,050$809,150$280,000
FAYETTE$471,500$603,600$729,600$906,750$410,000
FLOYD$420,680$538,650$651,050$809,150$145,000
FORSYTH$471,500$603,600$729,600$906,750$410,000
FRANKLIN$420,680$538,650$651,050$809,150$130,000
FULTON$471,500$603,600$729,600$906,750$410,000
GILMER$420,680$538,650$651,050$809,150$120,000
GLASCOCK$420,680$538,650$651,050$809,150$95,000
GLYNN$420,680$538,650$651,050$809,150$267,000
GORDON$420,680$538,650$651,050$809,150$170,000
GRADY$420,680$538,650$651,050$809,150$88,000
GREENE$515,200$659,550$797,250$990,800$312,000
GWINNETT$471,500$603,600$729,600$906,750$410,000
HABERSHAM$420,680$538,650$651,050$809,150$190,000
HALL$420,680$538,650$651,050$809,150$278,000
HANCOCK$420,680$538,650$651,050$809,150$139,000
HARALSON$471,500$603,600$729,600$906,750$410,000
HARRIS$420,680$538,650$651,050$809,150$261,000
HART$420,680$538,650$651,050$809,150$172,000
HEARD$471,500$603,600$729,600$906,750$410,000
HENRY$471,500$603,600$729,600$906,750$410,000
HOUSTON$420,680$538,650$651,050$809,150$167,000
IRWIN$420,680$538,650$651,050$809,150$90,000
JACKSON$420,680$538,650$651,050$809,150$270,000
JASPER$471,500$603,600$729,600$906,750$410,000
JEFF DAVIS$420,680$538,650$651,050$809,150$62,000
JEFFERSON$420,680$538,650$651,050$809,150$50,000
JENKINS$420,680$538,650$651,050$809,150$55,000
JOHNSON$420,680$538,650$651,050$809,150$90,000
JONES$420,680$538,650$651,050$809,150$180,000
LAMAR$471,500$603,600$729,600$906,750$410,000
LANIER$420,680$538,650$651,050$809,150$170,000
LAURENS$420,680$538,650$651,050$809,150$90,000
LEE$420,680$538,650$651,050$809,150$183,000
LIBERTY$420,680$538,650$651,050$809,150$201,000
LINCOLN$420,680$538,650$651,050$809,150$245,000
LONG$420,680$538,650$651,050$809,150$201,000
LOWNDES$420,680$538,650$651,050$809,150$170,000
LUMPKIN$420,680$538,650$651,050$809,150$225,000
MACON$420,680$538,650$651,050$809,150$48,000
MADISON$457,700$585,950$708,250$880,200$398,000
MARION$420,680$538,650$651,050$809,150$261,000
MCDUFFIE$420,680$538,650$651,050$809,150$245,000
MCINTOSH$420,680$538,650$651,050$809,150$267,000
MERIWETHER$471,500$603,600$729,600$906,750$410,000
MILLER$420,680$538,650$651,050$809,150$75,000
MITCHELL$420,680$538,650$651,050$809,150$60,000
MONROE$420,680$538,650$651,050$809,150$180,000
MONTGOMERY$420,680$538,650$651,050$809,150$110,000
MORGAN$471,500$603,600$729,600$906,750$410,000
MURRAY$420,680$538,650$651,050$809,150$160,000
MUSCOGEE$420,680$538,650$651,050$809,150$261,000
NEWTON$471,500$603,600$729,600$906,750$410,000
OCONEE$457,700$585,950$708,250$880,200$398,000
OGLETHORPE$457,700$585,950$708,250$880,200$398,000
PAULDING$471,500$603,600$729,600$906,750$410,000
PEACH$420,680$538,650$651,050$809,150$167,000
PICKENS$471,500$603,600$729,600$906,750$410,000
PIERCE$420,680$538,650$651,050$809,150$100,000
PIKE$471,500$603,600$729,600$906,750$410,000
POLK$420,680$538,650$651,050$809,150$133,000
PULASKI$420,680$538,650$651,050$809,150$95,000
PUTNAM$420,680$538,650$651,050$809,150$233,000
QUITMAN$420,680$538,650$651,050$809,150$109,000
RABUN$420,680$538,650$651,050$809,150$205,000
RANDOLPH$420,680$538,650$651,050$809,150$35,000
RICHMOND$420,680$538,650$651,050$809,150$245,000
ROCKDALE$471,500$603,600$729,600$906,750$410,000
SCHLEY$420,680$538,650$651,050$809,150$87,000
SCREVEN$420,680$538,650$651,050$809,150$50,000
SEMINOLE$420,680$538,650$651,050$809,150$72,000
SPALDING$471,500$603,600$729,600$906,750$410,000
STEPHENS$420,680$538,650$651,050$809,150$125,000
STEWART$420,680$538,650$651,050$809,150$261,000
SUMTER$420,680$538,650$651,050$809,150$87,000
TALBOT$420,680$538,650$651,050$809,150$261,000
TALIAFERRO$420,680$538,650$651,050$809,150$88,000
TATTNALL$420,680$538,650$651,050$809,150$75,000
TAYLOR$420,680$538,650$651,050$809,150$55,000
TELFAIR$420,680$538,650$651,050$809,150$60,000
TERRELL$420,680$538,650$651,050$809,150$183,000
THOMAS$420,680$538,650$651,050$809,150$160,000
TIFT$420,680$538,650$651,050$809,150$145,000
TOOMBS$420,680$538,650$651,050$809,150$110,000
TOWNS$420,680$538,650$651,050$809,150$177,000
TREUTLEN$420,680$538,650$651,050$809,150$90,000
TROUP$420,680$538,650$651,050$809,150$155,000
TURNER$420,680$538,650$651,050$809,150$75,000
TWIGGS$420,680$538,650$651,050$809,150$180,000
UNION$420,680$538,650$651,050$809,150$130,000
UPSON$420,680$538,650$651,050$809,150$115,000
WALKER$420,680$538,650$651,050$809,150$251,000
WALTON$471,500$603,600$729,600$906,750$410,000
WARE$420,680$538,650$651,050$809,150$100,000
WARREN$420,680$538,650$651,050$809,150$62,000
WASHINGTON$420,680$538,650$651,050$809,150$79,000
WAYNE$420,680$538,650$651,050$809,150$101,000
WEBSTER$420,680$538,650$651,050$809,150$65,000
WHEELER$420,680$538,650$651,050$809,150$50,000
WHITE$420,680$538,650$651,050$809,150$170,000
WHITFIELD$420,680$538,650$651,050$809,150$160,000
WILCOX$420,680$538,650$651,050$809,150$30,000
WILKES$420,680$538,650$651,050$809,150$80,000
WILKINSON$420,680$538,650$651,050$809,150$40,000
WORTH$420,680$538,650$651,050$809,150$183,000

How are FHA loan limits determined?

The U.S. Department of Housing and Urban Development (HUD) sets the FHA loan limits based on the conforming loan limits for conventional mortgages.  FHA loan limits may vary county by county in each state, and the limits may change every year.

The FHA “floor” or lowest FHA loan limit is $420,680 or 65% of the national conforming limit of $647,200 for a single-family home. The highest FHA loan limit goes up to 150% of the conforming loan limit –this is often the limit in high-cost areas.

Several counties in Georgia have higher loan limits. If you’re looking to buy a home in a county in the Atlanta metro area, the highest single-family loan limit is $471,500.

How to qualify for an FHA loan in Georgia

If you are house-hunting in Georgia without access to cash for a large down payment, an FHA loan may be right for you. And first-time buyers may be able to take advantage of additional assistance using one of Georgia’s first-time homebuyer loan programs.

Here are the FHA requirements you need to meet for a home loan in Georgia:

A minimum 3.5% down payment. If your credit score is 580 or higher, you may qualify for a 3.5% down payment on an FHA mortgage.

A minimum 500 credit score. Low credit in the 500 range may still enable you to qualify for an FHA loan, but be prepared to make a  minimum 10% down payment.

A maximum debt-to-income (DTI) ratio of 43%. A DTI ratio shows your monthly debt spending compared to your income. Most lenders want to see a 43% DTI ratio, but exceptions may be made for borrowers with strong credit scores or additional cash reserves. You have to ask ahead of time to see if your DTI will qualify.

An FHA home appraisal. You cannot qualify for an FHA loan without an FHA home appraisal.

Mortgage insurance. FHA loans require you to purchase two types of mortgage insurance. The good news? Both are usually financed into your mortgage. The annual mortgage insurance premium (MIP) costs 0.45% to 1.05% of your loan amount, and is divided by 12 and then added to your monthly mortgage payments. The upfront mortgage insurance premium (UFMIP) costs 1.75% of your loan amount, and is typically rolled into your mortgage.

Occupancy. You must live in the home as your primary residence for at least 12 months after your purchase it with an FHA loan.

Buying a multifamily property with an FHA loan

You can use an FHA loan to buy a multifamily property with up to four units. You must make one dwelling your primary residence, but you can rent out the others. The exact FHA loan eligibility requirements for single-family dwellings apply to purchasing a multifamily property, although the loan limits are set higher. For example, in Georgia, depending on the county, the loan limit may be as high as $906,750 for a four-unit home.

FHA lenders in Georgia

Lender nameLT ratingMinimum FHA credit score
Lower.com Mortgage10/10580
Rocket Mortgage9.5/10580
Zillow Home Mortgage8/10580
Flagstar Bank8/10N/A
Guaranteed Rate9/10620

 

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