2024 FHA Loan Limits in Louisiana
Timothy Manni started his career as a writer, but for the better part of the last 15 years he has been an editor and content team leader in the mortgage and home buying space. For six years, he lead the Mortgage Content team at NerdWallet, and before that he was the managing editor at HSH.com. Currently, he’s utilizing his years of expertise to help websites like LendingTree, Yahoo Finance and MoneyGeek elevate the information they are sharing with consumers.
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.
Louisiana FHA loan limits by county
| County name | One unit | Two units | Three units | Four units | Median 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 |
How are FHA loan limits determined?
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.
How to qualify for an FHA loan in Louisiana
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 FHA loan, you’ll pay two types of 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.
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 units | Low-cost FHA loan limit |
|---|---|
| Two | $637,950 |
| Three | $771,125 |
| Four | $958,350 |
FHA lenders in Louisiana
| Lender | LendingTree rating | Minimum FHA credit score | |
|---|---|---|---|
 |  Read our review | 580 | Get offers |
 | Read our review | Not disclosed | Get offers |
 | Read our review | 580 | Get offers |
 | Read our review | 580 | Get offers |
 |  Read our review | 580 | Get offers |