What is an FHA Loan? Requirements, How to Get One and Best Lenders
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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 Louisiana

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

With low down payment requirements and flexible credit qualifications, FHA loans help make homeownership more accessible to homebuyers. However, FHA mortgages – backed by the Federal Housing Administration – are subject to minimum and maximum loan limits.

The 2024 FHA loan limit for single-family homes in Louisiana is $498,257.

County nameOne unitTwo unitsThree unitsFour unitsMedian sales price
ACADIA$498,257$637,950$771,125$958,350$217,000
ALLEN$498,257$637,950$771,125$958,350$138,000
ASCENSION$498,257$637,950$771,125$958,350$263,000
ASSUMPTION$498,257$637,950$771,125$958,350$263,000
AVOYELLES$498,257$637,950$771,125$958,350$72,000
BEAUREGARD$498,257$637,950$771,125$958,350$130,000
BIENVILLE$498,257$637,950$771,125$958,350$91,000
BOSSIER$498,257$637,950$771,125$958,350$210,000
CADDO$498,257$637,950$771,125$958,350$210,000
CALCASIEU$498,257$637,950$771,125$958,350$203,000
CALDWELL$498,257$637,950$771,125$958,350$135,000
CAMERON$498,257$637,950$771,125$958,350$203,000
CATAHOULA$498,257$637,950$771,125$958,350$69,000
CLAIBORNE$498,257$637,950$771,125$958,350$60,000
CONCORDIA$498,257$637,950$771,125$958,350$122,000
DE SOTO$498,257$637,950$771,125$958,350$210,000
EAST BATON ROUGE$498,257$637,950$771,125$958,350$263,000
EAST CARROLL$498,257$637,950$771,125$958,350$119,000
EAST FELICIANA$498,257$637,950$771,125$958,350$263,000
EVANGELINE$498,257$637,950$771,125$958,350$48,000
FRANKLIN$498,257$637,950$771,125$958,350$30,000
GRANT$498,257$637,950$771,125$958,350$142,000
IBERIA$498,257$637,950$771,125$958,350$217,000
IBERVILLE$498,257$637,950$771,125$958,350$263,000
JACKSON$498,257$637,950$771,125$958,350$83,000
JEFFERSON$498,257$637,950$771,125$958,350$300,000
JEFFERSON DAVIS$498,257$637,950$771,125$958,350$95,000
LAFAYETTE$498,257$637,950$771,125$958,350$217,000
LAFOURCHE$498,257$637,950$771,125$958,350$155,000
LASALLE$498,257$637,950$771,125$958,350$129,000
LINCOLN$498,257$637,950$771,125$958,350$211,000
LIVINGSTON$498,257$637,950$771,125$958,350$263,000
MADISON$498,257$637,950$771,125$958,350$12,000
MOREHOUSE$498,257$637,950$771,125$958,350$155,000
NATCHITOCHES$498,257$637,950$771,125$958,350$160,000
ORLEANS$498,257$637,950$771,125$958,350$300,000
OUACHITA$498,257$637,950$771,125$958,350$155,000
PLAQUEMINES$498,257$637,950$771,125$958,350$300,000
POINTE COUPEE$498,257$637,950$771,125$958,350$263,000
RAPIDES$498,257$637,950$771,125$958,350$142,000
RED RIVER$498,257$637,950$771,125$958,350$80,000
RICHLAND$498,257$637,950$771,125$958,350$133,000
SABINE$498,257$637,950$771,125$958,350$115,000
ST. BERNARD$498,257$637,950$771,125$958,350$300,000
ST. CHARLES$498,257$637,950$771,125$958,350$300,000
ST. HELENA$498,257$637,950$771,125$958,350$263,000
ST. JAMES$498,257$637,950$771,125$958,350$300,000
ST. JOHN THE BA$498,257$637,950$771,125$958,350$300,000
ST. LANDRY$498,257$637,950$771,125$958,350$99,000
ST. MARTIN$498,257$637,950$771,125$958,350$217,000
ST. MARY$498,257$637,950$771,125$958,350$100,000
ST. TAMMANY$498,257$637,950$771,125$958,350$300,000
TANGIPAHOA$498,257$637,950$771,125$958,350$200,000
TENSAS$498,257$637,950$771,125$958,350$104,000
TERREBONNE$498,257$637,950$771,125$958,350$155,000
UNION$498,257$637,950$771,125$958,350$155,000
VERMILION$498,257$637,950$771,125$958,350$217,000
VERNON$498,257$637,950$771,125$958,350$150,000
WASHINGTON$498,257$637,950$771,125$958,350$66,000
WEBSTER$498,257$637,950$771,125$958,350$95,000
WEST BATON ROUGE$498,257$637,950$771,125$958,350$263,000
WEST CARROLL$498,257$637,950$771,125$958,350$107,000
WEST FELICIANA$498,257$637,950$771,125$958,350$263,000
WINN$498,257$637,950$771,125$958,350$112,000

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Every year, the Federal Housing Administration (FHA) reviews median home prices across the U.S. to establish FHA loan limits by county, metro area and property type. FHA loan limits are calculated as a percentage of conforming loan limits set by the Federal Housing Finance Agency for conventional loans (non-government mortgages).

FHA loan limits have a “floor” and a “ceiling. The floor refers to the lowest FHA loan limit and applies to most areas of the country. On the other hand, the ceiling represents the highest limit and is in effect in designated high-cost areas. The national 2024 FHA loan floor is $498,257, while the ceiling is $1,149,825. Many U.S. counties have loan limits between the floor and ceiling.

Notably, the 2024 FHA loan limit in all Louisiana counties is $498,257.

When applying for an FHA loan in Louisiana, you’ll work with an FHA-approved lender who will use FHA’s guidelines to qualify you and process the loan. In addition to following FHA loan limits, you’ll need to meet the following criteria:

 500 or 580 minimum credit score. The minimum credit score for FHA loans is 500, but you’ll need to put at least 10% down. To take advantage of the FHA’s 3.5% minimum down payment, you’ll need a score of 580 or higher.
 3.5% minimum down payment. If your credit score is at least 580, the minimum down payment is 3.5%; if your credit score is between 500 and 579, the minimum down payment is 10%.
 43% maximum debt-to-income ratio. To calculate your debt-to-income (DTI) ratio, divide the sum of your monthly debt payments (including the mortgage) by your gross monthly income. While FHA guidelines set a 43% maximum DTI ratio, some lenders may allow a higher ratio if you have compensating factors such as a high credit score or significant savings.
 Mortgage insurance. With an these loans, you’ll pay two types of FHA mortgage insurance: upfront mortgage insurance and annual mortgage insurance. The upfront mortgage insurance premium is equal to 1.75% of the loan amount, and in most cases, you’ll finance it with the mortgage loan. The annual mortgage insurance premium, which ranges from 0.15% to 0.75% of the loan amount, is added to monthly payments.
 Income. FHA loans don’t have income guidelines, but lenders will verify your employment and look for at least a two-year job history and proof of stable recurring income.
 Occupancy. You must plan to live in the home as your primary residence for a minimum of one year.
 Home appraisal. The property you’re purchasing will go through an FHA appraisal to verify its value and confirm it meets FHA property guidelines.

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Buying a multifamily property with an FHA loan

One attractive feature of FHA loans is that you can purchase a multifamily home (up to four units) with the same 3.5% minimum down payment as a single-family property (10% if your credit score is between 500 and 579).

When purchasing a multifamily home, you must meet the standard FHA requirements and additional criteria.

 Cash reserves. You’ll need to have a certain amount of cash reserves when financing a two- to four-unit property.
 Occupancy. You must plan to live in one of the units as your primary residence for at least one year.
 Rental income. Lenders will calculate a portion of the expected rental income to qualify you for the loan.

All counties in Louisiana have the same FHA loan limits for two- to four-unit homes.

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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