What is an FHA Loan? Requirements, How to Get One and Best Lenders
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How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

2024 FHA Loan Limits in Iowa

Updated on:
Content was accurate at the time of publication.

FHA loans offer many advantages to homebuyers across the country. With this type of loan, limits dictate the maximum amount borrowers can secure for their dream home, and statewide, Iowa homebuyer FHA loan limits in 2024 are $498,257 for a single-family home.

If an FHA loan is the chosen route to homeownership, knowing these limits empowers homebuyers to make informed decisions and ensures they’re prepared to navigate the loan process.

County nameOne unitTwo unitsThree unitsFour unitsMedian sales price
ADAIR$498,257$637,950$771,125$958,350$119,000
ADAMS$498,257$637,950$771,125$958,350$84,000
ALLAMAKEE$498,257$637,950$771,125$958,350$118,000
APPANOOSE$498,257$637,950$771,125$958,350$88,000
AUDUBON$498,257$637,950$771,125$958,350$84,000
BENTON$498,257$637,950$771,125$958,350$187,000
BLACK HAWK$498,257$637,950$771,125$958,350$166,000
BOONE$498,257$637,950$771,125$958,350$245,000
BREMER$498,257$637,950$771,125$958,350$166,000
BUCHANAN$498,257$637,950$771,125$958,350$145,000
BUENA VISTA$498,257$637,950$771,125$958,350$150,000
BUTLER$498,257$637,950$771,125$958,350$127,000
CALHOUN$498,257$637,950$771,125$958,350$75,000
CARROLL$498,257$637,950$771,125$958,350$150,000
CASS$498,257$637,950$771,125$958,350$100,000
CEDAR$498,257$637,950$771,125$958,350$187,000
CERRO GORDO$498,257$637,950$771,125$958,350$150,000
CHEROKEE$498,257$637,950$771,125$958,350$97,000
CHICKASAW$498,257$637,950$771,125$958,350$130,000
CLARKE$498,257$637,950$771,125$958,350$116,000
CLAY$498,257$637,950$771,125$958,350$145,000
CLAYTON$498,257$637,950$771,125$958,350$129,000
CLINTON$498,257$637,950$771,125$958,350$118,000
CRAWFORD$498,257$637,950$771,125$958,350$110,000
DALLAS$498,257$637,950$771,125$958,350$328,000
DAVIS$498,257$637,950$771,125$958,350$123,000
DECATUR$498,257$637,950$771,125$958,350$85,000
DELAWARE$498,257$637,950$771,125$958,350$169,000
DES MOINES$498,257$637,950$771,125$958,350$188,000
DICKINSON$498,257$637,950$771,125$958,350$290,000
DUBUQUE$498,257$637,950$771,125$958,350$200,000
EMMET$498,257$637,950$771,125$958,350$94,000
FAYETTE$498,257$637,950$771,125$958,350$88,000
FLOYD$498,257$637,950$771,125$958,350$98,000
FRANKLIN$498,257$637,950$771,125$958,350$78,000
FREMONT$498,257$637,950$771,125$958,350$89,000
GREENE$498,257$637,950$771,125$958,350$93,000
GRUNDY$498,257$637,950$771,125$958,350$166,000
GUTHRIE$498,257$637,950$771,125$958,350$328,000
HAMILTON$498,257$637,950$771,125$958,350$125,000
HANCOCK$498,257$637,950$771,125$958,350$127,000
HARDIN$498,257$637,950$771,125$958,350$98,000
HARRISON$498,257$637,950$771,125$958,350$325,000
HENRY$498,257$637,950$771,125$958,350$146,000
HOWARD$498,257$637,950$771,125$958,350$127,000
HUMBOLDT$498,257$637,950$771,125$958,350$137,000
IDA$498,257$637,950$771,125$958,350$93,000
IOWA$498,257$637,950$771,125$958,350$145,000
JACKSON$498,257$637,950$771,125$958,350$134,000
JASPER$498,257$637,950$771,125$958,350$328,000
JEFFERSON$498,257$637,950$771,125$958,350$130,000
JOHNSON$498,257$637,950$771,125$958,350$315,000
JONES$498,257$637,950$771,125$958,350$187,000
KEOKUK$498,257$637,950$771,125$958,350$95,000
KOSSUTH$498,257$637,950$771,125$958,350$100,000
LEE$498,257$637,950$771,125$958,350$113,000
LINN$498,257$637,950$771,125$958,350$187,000
LOUISA$498,257$637,950$771,125$958,350$100,000
LUCAS$498,257$637,950$771,125$958,350$117,000
LYON$498,257$637,950$771,125$958,350$155,000
MADISON$498,257$637,950$771,125$958,350$328,000
MAHASKA$498,257$637,950$771,125$958,350$125,000
MARION$498,257$637,950$771,125$958,350$167,000
MARSHALL$498,257$637,950$771,125$958,350$127,000
MILLS$498,257$637,950$771,125$958,350$325,000
MITCHELL$498,257$637,950$771,125$958,350$140,000
MONONA$498,257$637,950$771,125$958,350$105,000
MONROE$498,257$637,950$771,125$958,350$82,000
MONTGOMERY$498,257$637,950$771,125$958,350$91,000
MUSCATINE$498,257$637,950$771,125$958,350$153,000
O'BRIEN$498,257$637,950$771,125$958,350$125,000
OSCEOLA$498,257$637,950$771,125$958,350$85,000
PAGE$498,257$637,950$771,125$958,350$86,000
PALO ALTO$498,257$637,950$771,125$958,350$98,000
PLYMOUTH$498,257$637,950$771,125$958,350$190,000
POCAHONTAS$498,257$637,950$771,125$958,350$69,000
POLK$498,257$637,950$771,125$958,350$328,000
POTTAWATTAMIE$498,257$637,950$771,125$958,350$325,000
POWESHIEK$498,257$637,950$771,125$958,350$161,000
RINGGOLD$498,257$637,950$771,125$958,350$90,000
SAC$498,257$637,950$771,125$958,350$91,000
SCOTT$498,257$637,950$771,125$958,350$195,000
SHELBY$498,257$637,950$771,125$958,350$145,000
SIOUX$498,257$637,950$771,125$958,350$190,000
STORY$498,257$637,950$771,125$958,350$245,000
TAMA$498,257$637,950$771,125$958,350$105,000
TAYLOR$498,257$637,950$771,125$958,350$63,000
UNION$498,257$637,950$771,125$958,350$75,000
VAN BUREN$498,257$637,950$771,125$958,350$73,000
WAPELLO$498,257$637,950$771,125$958,350$75,000
WARREN$498,257$637,950$771,125$958,350$328,000
WASHINGTON$498,257$637,950$771,125$958,350$315,000
WAYNE$498,257$637,950$771,125$958,350$71,000
WEBSTER$498,257$637,950$771,125$958,350$110,000
WINNEBAGO$498,257$637,950$771,125$958,350$122,000
WINNESHIEK$498,257$637,950$771,125$958,350$178,000
WOODBURY$498,257$637,950$771,125$958,350$359,000
WORTH$498,257$637,950$771,125$958,350$150,000
WRIGHT$498,257$637,950$771,125$958,350$80,000

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For 2024, the FHA loan limit for one-unit properties sits at $498,257 for most areas of the country, though it can reach up to $1,149,825 in high-cost areas.

These limits are based on a percentage of the national conforming loan limit, which is $766,550. The FHA’s “floor” limit is calculated by taking 65% of the national conforming loan limit, and the”ceiling” is calculated using 150% of the national conforming loan limit.

The requirements for obtaining an FHA loan include specific criteria regarding the homebuyer’s finances and the property. Here’s how to qualify for an FHA loan in Iowa:

 Credit score. The minimum credit score needed to buy a home with an FHA loan is 500, although lenders have higher requirements for lower down payments.

 Down payment. A minimum down payment of 3.5% is reserved for credit scores of 580 or higher, or a down payment of 10%, reserved for credit scores under 580.

 Debt-to-income (DTI) ratio. The DTI ratio must be 43% or lower to ensure affordability of the loan.

FHA property appraisal. Properties financed with FHA loans must be appraised to ensure they meet value and safety guidelines.

 Owner occupancy. Property must be the owner’s primary residence.

FHA mortgage insurance. FHA loans require mortgage insurance premiums to be paid upfront and monthly over the life of the loan.

 Cash reserves. Borrowers may need to demonstrate sufficient cash reserves to cover a certain number of mortgage payments, serving as a safety net in case of financial hardship.

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Buying a multifamily property with an FHA loan

If you plan to buy a multifamily home with an FHA loan, expect similar advantages as those buying a single-family home, such as low down payments and competitive interest rates. You’ll also see similar requirements, including a credit score of 500 or higher, down payment of 3.5% or 10% and a DTI ratio of 43% or lower.

Number of unitsLow-cost FHA loan limit
Two$637,950
Three$771,125
Four$958,350

How Does LendingTree Get Paid?
LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

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