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2019 FHA Loan Limits in Idaho

In 2019, the FHA loan limits for single-family homes in Idaho range from $314,827 in a majority of Idaho counties to $726,525 in Teton County, which is close to Jackson, Wyoming.

Now that you’ve decided to buy a home in Idaho, you’ve likely given some thought to what type of mortgage would work best for you. There are lots of options, and you’re going to want to check what assistance is available in Idaho for first-time homebuyers.

Most of Idaho is classified by the federal government as a low-cost area, with the exception of counties with high-cost resort towns, including Blaine. Boise-area counties are also classified as slightly higher-cost than most areas in Idaho.

Overall, only 0.73 percent of the nation’s FHA loans in 2018 came from Idaho. In 2016, the federal government noted that about 25 percent of all home loans originating in Idaho were FHA loans (this is the latest year in which this data was available). That accounted for $1.6 billion in nearly 10,000 FHA loans.

FHA loans have lower credit score and down payment requirements and often allow a higher debt-to-income ratio than conventional loans, making this type of loan attractive to buyers who don’t qualify for conventional mortgages.

Idaho FHA loan limits by county

FHA Loan Limits in Idaho
County Single-Family Limit Two-Family Limit Three-Family Limit Four-Family Limit Median Sale Price
Ada $331,200 $424,000 $512,500 $636,900 $288,000
Adams $314,827 $403,125 $487,250 $605,525 $182,000
Bannock $314,827 $403,125 $487,250 $605,525 $164,000
Bear Lake $314,827 $403,125 $487,250 $605,525 $177,000
Benewah $314,827 $403,125 $487,250 $605,525 $154,000
Bingham $314,827 $403,125 $487,250 $605,525 $165,000
Blaine $646,300 $827,400 $1,000,100 $1,242,900 $376,000
Boise $331,200 $424,000 $512,500 $636,900 $288,000
Bonner $314,827 $403,125 $487,250 $605,525 $237,000
Bonneville $314,827 $403,125 $487,250 $605,525 $237,000
Boundary $314,827 $403,125 $487,250 $605,525 $173,000
Butte $314,827 $403,125 $487,250 $605,525 $237,000
Camas $646,300 $827,400 $1,000,100 $1,242,900 $376,000
Canyon $331,200 $424,000 $512,500 $636,900 $288,000
Caribou $314,827 $403,125 $487,250 $605,525 $151,000
Cassia $314,827 $403,125 $487,250 $605,525 $178,000
Clark $314,827 $403,125 $487,250 $605,525 $75,000
Clearwater $314,827 $403,125 $487,250 $605,525 $149,000
Custer $314,827 $403,125 $487,250 $605,525 $148,000
Elmore $314,827 $403,125 $487,250 $605,525 $165,000
Franklin $314,827 $403,125 $487,250 $605,525 $250,000
Fremont $314,827 $403,125 $487,250 $605,525 $209,000
Gem $331,200 $424,000 $512,500 $636,900 $288,000
Gooding $314,827 $403,125 $487,250 $605,525 $137,000
Idaho $314,827 $403,125 $487,250 $605,525 $131,000
Jefferson $314,827 $403,125 $487,250 $605,525 $237,000
Jerome $314,827 $403,125 $487,250 $605,525 $193,000
Kootenai $314,827 $403,125 $487,250 $605,525 $273,000
Latah $314,827 $403,125 $487,250 $605,525 $256,000
Lemhi $314,827 $403,125 $487,250 $605,525 $156,000
Lewis $314,827 $403,125 $487,250 $605,525 $100,000
Lincoln $646,300 $827,400 $1,000,100 $1,242,900 $376,000
Madison $314,827 $403,125 $487,250 $605,525 $209,000
Minidoka $314,827 $403,125 $487,250 $605,525 $178,000
Nez Perce $314,827 $403,125 $487,250 $605,525 $215,000
Oneida $314,827 $403,125 $487,250 $605,525 $139,000
Owyhee $331,200 $424,000 $512,500 $636,900 $288,000
Payette $314,827 $403,125 $487,250 $605,525 $184,000
Power $314,827 $403,125 $487,250 $605,525 $144,000
Shoshone $314,827 $403,125 $487,250 $605,525 $128,000
Teton $726,525 $930,300 $1,124,475 $1,397,400 $789,000
Twin Falls $314,827 $403,125 $487,250 $605,525 $193,000
Valley $314,827 $403,125 $487,250 $605,525 $250,000
Washington $314,827 $403,125 $487,250 $605,525 $167,000

How are FHA loan limits determined?

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 conventional lenders Fannie Mae and Freddie Mac will purchase. In 2019, that limit is $484,350. The FHA’s “floor” is the largest mortgage the agency will issue in most of the country and is set at $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:

  • 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

Do you qualify for an FHA loan in Idaho?

If the mortgage you need meets the FHA loan limit requirements for your county in Idaho, then an FHA loan may be right for you. To learn more and see if you might qualify for the loan in other ways — including your credit score, income and amount you have saved for a down payment — visit LendingTree’s FHA loan hub.

 

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