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2021 FHA Loan Limits in Ohio

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The FHA loan limit in Ohio has increased to $356,362 in most areas, and up to $397,700 in some higher-cost counties for a single-family home. FHA loan limits vary by county.

If you’re thinking about buying or refinancing a home in the Buckeye State, this might be the year to consider it. And thanks to the Federal Housing Administration (FHA), some Ohio residents can qualify for federally backed loans to help get them into a new house. This year, Ohio residents will be able to borrow even more with an FHA loan.

Ohio FHA loan limits by county

FHA Loan Limits in Ohio
County Name One-Family Two-Family Three-Family Four-Family Median Sale Price
Adams $356,362 $456,275 $551,500 $685,400 $60,000
Allen $356,362 $456,275 $551,500 $685,400 $110,000
Ashland $356,362 $456,275 $551,500 $685,400 $125,000
Ashtabula $356,362 $456,275 $551,500 $685,400 $90,000
Athens $356,362 $456,275 $551,500 $685,400 $124,000
Auglaize $356,362 $456,275 $551,500 $685,400 $132,000
Belmont $356,362 $456,275 $551,500 $685,400 $111,000
Brown $356,362 $456,275 $551,500 $685,400 $257,000
Butler $356,362 $456,275 $551,500 $685,400 $257,000
Carroll $356,362 $456,275 $551,500 $685,400 $128,000
Champaign $356,362 $456,275 $551,500 $685,400 $123,000
Clark $356,362 $456,275 $551,500 $685,400 $110,000
Clermont $356,362 $456,275 $551,500 $685,400 $257,000
Clinton $356,362 $456,275 $551,500 $685,400 $132,000
Columbiana $356,362 $456,275 $551,500 $685,400 $80,000
Coshocton $356,362 $456,275 $551,500 $685,400 $88,000
Crawford $356,362 $456,275 $551,500 $685,400 $72,000
Cuyahoga $356,362 $456,275 $551,500 $685,400 $245,000
Darke $356,362 $456,275 $551,500 $685,400 $111,000
Defiance $356,362 $456,275 $551,500 $685,400 $105,000
Delaware $397,900 $509,350 $615,700 $765,200 $346,000
Erie $356,362 $456,275 $551,500 $685,400 $110,000
Fairfield $397,900 $509,350 $615,700 $765,200 $346,000
Fayette $356,362 $456,275 $551,500 $685,400 $115,000
Franklin $397,900 $509,350 $615,700 $765,200 $346,000
Fulton $356,362 $456,275 $551,500 $685,400 $175,000
Gallia $356,362 $456,275 $551,500 $685,400 $87,000
Geauga $356,362 $456,275 $551,500 $685,400 $245,000
Greene $356,362 $456,275 $551,500 $685,400 $180,000
Guernsey $356,362 $456,275 $551,500 $685,400 $86,000
Hamilton $356,362 $456,275 $551,500 $685,400 $257,000
Hancock $356,362 $456,275 $551,500 $685,400 $138,000
Hardin $356,362 $456,275 $551,500 $685,400 $93,000
Harrison $356,362 $456,275 $551,500 $685,400 $70,000
Henry $356,362 $456,275 $551,500 $685,400 $110,000
Highland $356,362 $456,275 $551,500 $685,400 $87,000
Hocking $397,900 $509,350 $615,700 $765,200 $346,000
Holmes $356,362 $456,275 $551,500 $685,400 $163,000
Huron $356,362 $456,275 $551,500 $685,400 $104,000
Jackson $356,362 $456,275 $551,500 $685,400 $83,000
Jefferson $356,362 $456,275 $551,500 $685,400 $111,000
Knox $356,362 $456,275 $551,500 $685,400 $146,000
Lake $356,362 $456,275 $551,500 $685,400 $245,000
Lawrence $356,362 $456,275 $551,500 $685,400 $181,000
Licking $397,900 $509,350 $615,700 $765,200 $346,000
Logan $356,362 $456,275 $551,500 $685,400 $125,000
Lorain $356,362 $456,275 $551,500 $685,400 $245,000
Lucas $356,362 $456,275 $551,500 $685,400 $175,000
Madison $397,900 $509,350 $615,700 $765,200 $346,000
Mahoning $356,362 $456,275 $551,500 $685,400 $108,000

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 Ohio?

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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