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2021 FHA Loan Limits in Kentucky

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The federal government has set the maximum amount a Kentuckian homebuyer can borrow with an FHA loan at $356,362 throughout the state, including in the Louisville metropolitan area.

Dreaming about buying a house in Kentucky? This may be the perfect time to make the leap. And thanks to the Federal Housing Administration (FHA), some Kentuckians can qualify for federally backed loans to help get them into a new house. This year, residents will be able to borrow even more with an FHA loan in some areas to make their homebuying dreams come true.

Kentucky FHA loan limits by county

FHA Loan Limits in Kentucky
County Name One-Family Two-Family Three-Family Four-Family Median Sale Price
Adair $356,362 $456,275 $551,500 $685,400 $60,000
Allen $356,362 $456,275 $551,500 $685,400 $185,000
Anderson $356,362 $456,275 $551,500 $685,400 $144,000
Ballard $356,362 $456,275 $551,500 $685,400 $135,000
Barren $356,362 $456,275 $551,500 $685,400 $98,000
Bath $356,362 $456,275 $551,500 $685,400 $135,000
Bell $356,362 $456,275 $551,500 $685,400 $69,000
Boone $356,362 $456,275 $551,500 $685,400 $257,000
Bourbon $356,362 $456,275 $551,500 $685,400 $215,000
Boyd $356,362 $456,275 $551,500 $685,400 $181,000
Boyle $356,362 $456,275 $551,500 $685,400 $135,000
Bracken $356,362 $456,275 $551,500 $685,400 $257,000
Breathitt $356,362 $456,275 $551,500 $685,400 $59,000
Breckinridge $356,362 $456,275 $551,500 $685,400 $60,000
Bullitt $356,362 $456,275 $551,500 $685,400 $302,000
Butler $356,362 $456,275 $551,500 $685,400 $185,000
Caldwell $356,362 $456,275 $551,500 $685,400 $55,000
Calloway $356,362 $456,275 $551,500 $685,400 $121,000
Campbell $356,362 $456,275 $551,500 $685,400 $257,000
Carlisle $356,362 $456,275 $551,500 $685,400 $62,000
Carroll $356,362 $456,275 $551,500 $685,400 $128,000
Carter $356,362 $456,275 $551,500 $685,400 $181,000
Casey $356,362 $456,275 $551,500 $685,400 $93,000
Christian $356,362 $456,275 $551,500 $685,400 $200,000
Clark $356,362 $456,275 $551,500 $685,400 $215,000
Clay $356,362 $456,275 $551,500 $685,400 $172,000
Clinton $356,362 $456,275 $551,500 $685,400 $55,000
Crittenden $356,362 $456,275 $551,500 $685,400 $50,000
Cumberland $356,362 $456,275 $551,500 $685,400 $105,000
Daviess $356,362 $456,275 $551,500 $685,400 $177,000
Edmonson $356,362 $456,275 $551,500 $685,400 $185,000
Elliott $356,362 $456,275 $551,500 $685,400 $87,000
Estill $356,362 $456,275 $551,500 $685,400 $170,000
Fayette $356,362 $456,275 $551,500 $685,400 $215,000
Fleming $356,362 $456,275 $551,500 $685,400 $73,000
Floyd $356,362 $456,275 $551,500 $685,400 $65,000
Franklin $356,362 $456,275 $551,500 $685,400 $144,000
Fulton $356,362 $456,275 $551,500 $685,400 $30,000
Gallatin $356,362 $456,275 $551,500 $685,400 $257,000
Garrard $356,362 $456,275 $551,500 $685,400 $115,000
Grant $356,362 $456,275 $551,500 $685,400 $257,000
Graves $356,362 $456,275 $551,500 $685,400 $114,000
Grayson $356,362 $456,275 $551,500 $685,400 $50,000
Green $356,362 $456,275 $551,500 $685,400 $90,000
Greenup $356,362 $456,275 $551,500 $685,400 $181,000
Hancock $356,362 $456,275 $551,500 $685,400 $177,000
Hardin $356,362 $456,275 $551,500 $685,400 $155,000
Harlan $356,362 $456,275 $551,500 $685,400 $67,000
Harrison $356,362 $456,275 $551,500 $685,400 $100,000
Hart $356,362 $456,275 $551,500 $685,400 $106,000

How are FHA loan limits determined?

The U.S. Department of Housing and Urban Development (HUD) sets limits on how expensive a house the FHA will insure in each county in the United States. These limits are set based on the current year’s conforming loan limit — or how large of a mortgage Fannie Mae and Freddie Mac will purchase. In 2021, that conforming limit is $548,250, up roughly $38,000 from 2020’s limit of $510,400.

The FHA “floor” is the largest mortgage the agency will issue in most of the country and is 65% of the conforming loan limit. In 2021, the FHA floor is set at $356,362, an increase of about $24,600 above the 2020 limit of $331,760.

The FHA “ceiling” is a higher limit that only applies to high-cost areas. This is set at 150% of the conforming loan limit, or $822,375 for single-family homes. With a few exceptions, this is generally the largest mortgage amount the agency will insure for a single-family home. In many parts of the country, loan limits fall somewhere between the FHA floor and ceiling.

Outside of the lower 48 states, FHA maximum loan limits are higher because of more expensive construction costs. These include the special exception areas of Alaska, Hawaii, Guam and the U.S. Virgin Islands.

Here are the 2021 standard FHA limits for all property types:

  • One-unit: $356,362
  • Two-unit: $456,275
  • Three-unit: $551,500
  • Four-unit: $685,400

Here are the 2021 standard FHA limits for high-cost areas:

  • One-unit: $822,375
  • Two-unit: $1,053,000
  • Three-unit: $1,272,750
  • Four-unit: $1,581,750

Do you qualify for an FHA loan in Kentucky?

FHA loans are a great deal for qualified buyers, thanks to lower down payments and closing costs. Find out if your credit score and income will help you qualify for one of these loans.

 

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