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2019 FHA Loan Limits in Louisiana

Because of its lower home prices, Louisiana does not have any areas that are considered “high cost” when it comes to FHA loan limits. Therefore, the limit for a single-family home across the state is $314,827.

That helps Louisiana residents achieve homeownership and more easily enjoy the state’s warm climate, famously delicious food and rich jazz history.

The estimated national median price for a single-family home during the third quarter of 2018 was $235,000, according to the National Association of Realtors. The median home price in major Louisiana cities falls well below that: As of late 2018, it was $170,100 in Shreveport, $211,200 in the capital city of Baton Rouge and $206,600 in New Orleans.

FHA loans are a pretty common choice for homebuyers in the state. Roughly 26% of mortgage loans originated in Louisiana were FHA loans, according to the 2016 FHA annual report (the most recent report covering this data). In fiscal year 2018, 1.33% of mortgage loans across the U.S. were originated in Louisiana.

Louisiana FHA loan limits by county

FHA Loan Limits in Louisiana
County Name One-Family Two-Family Three-Family Four-Family Median Sale Price
ACADIA $314,827 $403,125 $487,250 $605,525 $175,000
ALLEN $314,827 $403,125 $487,250 $605,525 $88,000
ASCENSION $314,827 $403,125 $487,250 $605,525 $228,000
ASSUMPTION $314,827 $403,125 $487,250 $605,525 $101,000
AVOYELLES $314,827 $403,125 $487,250 $605,525 $70,000
BEAUREGARD $314,827 $403,125 $487,250 $605,525 $115,000
BIENVILLE $314,827 $403,125 $487,250 $605,525 $70,000
BOSSIER $314,827 $403,125 $487,250 $605,525 $182,000
CADDO $314,827 $403,125 $487,250 $605,525 $182,000
CALCASIEU $314,827 $403,125 $487,250 $605,525 $159,000
CALDWELL $314,827 $403,125 $487,250 $605,525 $65,000
CAMERON $314,827 $403,125 $487,250 $605,525 $159,000
CATAHOULA $314,827 $403,125 $487,250 $605,525 $78,000
CLAIBORNE $314,827 $403,125 $487,250 $605,525 $81,000
CONCORDIA $314,827 $403,125 $487,250 $605,525 $95,000
DE SOTO $314,827 $403,125 $487,250 $605,525 $182,000
EAST BATON ROUG $314,827 $403,125 $487,250 $605,525 $228,000
EAST CARROLL $314,827 $403,125 $487,250 $605,525 $59,000
EAST FELICIANA $314,827 $403,125 $487,250 $605,525 $228,000
EVANGELINE $314,827 $403,125 $487,250 $605,525 $92,000
FRANKLIN $314,827 $403,125 $487,250 $605,525 $87,000
GRANT $314,827 $403,125 $487,250 $605,525 $127,000
IBERIA $314,827 $403,125 $487,250 $605,525 $175,000
IBERVILLE $314,827 $403,125 $487,250 $605,525 $228,000
JACKSON $314,827 $403,125 $487,250 $605,525 $55,000
JEFFERSON $314,827 $403,125 $487,250 $605,525 $250,000
JEFFERSON DAVIS $314,827 $403,125 $487,250 $605,525 $103,000
LAFAYETTE $314,827 $403,125 $487,250 $605,525 $175,000
LAFOURCHE $314,827 $403,125 $487,250 $605,525 $153,000
LASALLE $314,827 $403,125 $487,250 $605,525 $73,000
LINCOLN $314,827 $403,125 $487,250 $605,525 $181,000
LIVINGSTON $314,827 $403,125 $487,250 $605,525 $228,000
MADISON $314,827 $403,125 $487,250 $605,525 $66,000
MOREHOUSE $314,827 $403,125 $487,250 $605,525 $85,000
NATCHITOCHES $314,827 $403,125 $487,250 $605,525 $127,000
ORLEANS $314,827 $403,125 $487,250 $605,525 $250,000
OUACHITA $314,827 $403,125 $487,250 $605,525 $150,000
PLAQUEMINES $314,827 $403,125 $487,250 $605,525 $250,000
POINTE COUPEE $314,827 $403,125 $487,250 $605,525 $228,000
RAPIDES $314,827 $403,125 $487,250 $605,525 $127,000
RED RIVER $314,827 $403,125 $487,250 $605,525 $74,000
RICHLAND $314,827 $403,125 $487,250 $605,525 $92,000
SABINE $314,827 $403,125 $487,250 $605,525 $75,000
ST. BERNARD $314,827 $403,125 $487,250 $605,525 $250,000
ST. CHARLES $314,827 $403,125 $487,250 $605,525 $250,000
ST. HELENA $314,827 $403,125 $487,250 $605,525 $228,000
ST. JAMES $314,827 $403,125 $487,250 $605,525 $250,000
ST. JOHN THE BA $314,827 $403,125 $487,250 $605,525 $250,000
ST. LANDRY $314,827 $403,125 $487,250 $605,525 $101,000
ST. MARTIN $314,827 $403,125 $487,250 $605,525 $175,000

How are FHA loan limits determined?

The U.S. Department of Housing and Urban Development (HUD) sets FHA loan limits based on the conforming loan limit — or how large of a mortgage Fannie Mae and Freddie Mac will purchase. In 2019, that limit is $484,350.

The FHA “floor” is the largest mortgage the agency will insure in most of the country and is set at $314,827 for 2019. The FHA “ceiling” applies to high-cost areas and is set at 150% of the conforming loan limit, or $726,525. Outside of a few exceptions, this is the highest mortgage the agency will insure for a single-family home. In other areas, loan limits fall somewhere between the FHA floor and ceiling.

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 Louisiana?

FHA loans may be a good option if you’re shopping for a home and need lower requirements for both a down payment and credit score. To learn more about qualifying for an FHA loan and compare possible offers, visit LendingTree’s main FHA page.

 

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