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2019 FHA Loan Limits in Iowa

For the 2019 calendar year, the FHA limit for single-family homes in Iowa is $314,827 statewide, no matter the county in which you’re buying property.

These government-backed loans help homebuyers afford moderately priced properties with a down payment as low as 3.5%.

The Iowa housing market remains relatively affordable for buyers. Statewide, home prices rose 2.9 percent between November 2017 and November 2018, according to the Iowa Association of Realtors, but the median sales price was just $158,000 — far less than the national median of $235,000, as estimated by the National Association of Realtors in the third quarter of 2018.

While homes in metropolises, such as Iowa City and Des Moines, may be a bit pricier, the state continues to be a hotspot for homebuyers prioritizing value. If you’re looking to live the rural life, Iowa can offer a relatively inexpensive way to do so.

However, if the home you want to buy requires a larger mortgage, you can either contribute a bigger down payment or look for an alternative mortgage.

Iowa FHA limits by county

FHA Loan Limits in Iowa
County Single-Family Limit Two-Family Limit Three-Family Limit Four-Family Limit Median 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

How are FHA loan limits determined?

The FHA loan limits are set yearly by the U.S. Department of Housing and Urban Development, or HUD. Iowa’s loan limit of $314,827 is the same as the national “floor” — the maximum loan the FHA insures in most of the United States. In some high-cost-of-living areas, the FHA loan limit may be as high as $726,525 for a single-family home. But all of Iowa is considered a “low-cost area.”

That floor is calculated by taking 65 percent of the national conforming loan limit, which dictates the largest loan that Fannie Mae and Freddie Mac can purchase. That limit was set at $484,350 for 2019. The FHA ceiling is set at 115 percent of the national conforming loan limit, although no Iowa FHA loans qualify for that amount.

If you’re purchasing a multi-unit property, this limit may increase.

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 Iowa?

If you want to buy a home in Iowa, an FHA loan may be a good fit for you. Because homes in Iowa are already so inexpensive, the state’s FHA loan limit can offer a good amount of flexibility to help you purchase the home of your dreams. Want to know more? Check out LendingTree’s FHA loan hub, which provides information on credit score, income and other requirements.

 

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