Home LoansFHA Loans

2019 FHA Loan Limits in Ohio

Depending upon the county where you decide to buy, FHA loan limits for a single-family home in Ohio now range from a low of $314,827 to a high of $356,500.  Most of Ohio qualifies for the lower $314,827 limit, with the exception of counties in the Columbus metro area, where the higher limit prevails.

If you’re shopping for a home in the state of Ohio, you may be in luck: According to a 2018 study by the National Association of REALTORS (NAR), housing in Ohio was more affordable there than anywhere else in the nation, based on what potential buyers could afford, according to income and what was for sale.

Ohio’s metropolitan areas seem especially affordable. Out of the 100 most affordable metro areas in the U.S., four topped NAR’s list: the Youngstown-Warren area in the northeastern part of the state, followed by Dayton, Akron, and Toledo. In these areas, the average household could afford almost 75% of homes that were on the market.

Nationally, home values for a single-family home increased 4.8% on average in the third quarter of 2018 compared with a year ago, for a median price of $266,900, according to NAR. In the Midwest, the median price grew 2.1% to $206,800.

For anyone considering a moderately priced home in Ohio, an FHA loan may be an affordable option, especially since the loans typically have lower requirements for down payments and credit scores.

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 $314,827 $403,125 $487,250 $605,525 $50,000
Allen $314,827 $403,125 $487,250 $605,525 $93,000
Ashland $314,827 $403,125 $487,250 $605,525 $110,000
Ashtabula $314,827 $403,125 $487,250 $605,525 $76,000
Athens $314,827 $403,125 $487,250 $605,525 $113,000
Auglaize $314,827 $403,125 $487,250 $605,525 $116,000
Belmont $314,827 $403,125 $487,250 $605,525 $119,000
Brown $314,827 $403,125 $487,250 $605,525 $229,000
Butler $314,827 $403,125 $487,250 $605,525 $229,000
Carroll $314,827 $403,125 $487,250 $605,525 $119,000
Champaign $314,827 $403,125 $487,250 $605,525 $120,000
Clark $314,827 $403,125 $487,250 $605,525 $98,000
Clermont $314,827 $403,125 $487,250 $605,525 $229,000
Clinton $314,827 $403,125 $487,250 $605,525 $112,000
Columbiana $314,827 $403,125 $487,250 $605,525 $80,000
Coshocton $314,827 $403,125 $487,250 $605,525 $75,000
Crawford $314,827 $403,125 $487,250 $605,525 $63,000
Cuyahoga $314,827 $403,125 $487,250 $605,525 $234,000
Darke $314,827 $403,125 $487,250 $605,525 $102,000
Defiance $314,827 $403,125 $487,250 $605,525 $93,000
Delaware $356,500 $456,350 $551,650 $685,550 $310,000
Erie $314,827 $403,125 $487,250 $605,525 $110,000
Fairfield $356,500 $456,350 $551,650 $685,550 $310,000
Fayette $314,827 $403,125 $487,250 $605,525 $100,000
Franklin $356,500 $456,350 $551,650 $685,550 $310,000
Fulton $314,827 $403,125 $487,250 $605,525 $160,000
Gallia $314,827 $403,125 $487,250 $605,525 $111,000
Geauga $314,827 $403,125 $487,250 $605,525 $234,000
Greene $314,827 $403,125 $487,250 $605,525 $168,000
Guernsey $314,827 $403,125 $487,250 $605,525 $76,000
Hamilton $314,827 $403,125 $487,250 $605,525 $229,000
Hancock $314,827 $403,125 $487,250 $605,525 $135,000
Hardin $314,827 $403,125 $487,250 $605,525 $79,000
Harrison $314,827 $403,125 $487,250 $605,525 $65,000
Henry $314,827 $403,125 $487,250 $605,525 $99,000
Highland $314,827 $403,125 $487,250 $605,525 $78,000
Hocking $356,500 $456,350 $551,650 $685,550 $310,000
Holmes $314,827 $403,125 $487,250 $605,525 $155,000
Huron $314,827 $403,125 $487,250 $605,525 $100,000
Jackson $314,827 $403,125 $487,250 $605,525 $69,000
Jefferson $314,827 $403,125 $487,250 $605,525 $94,000
Knox $314,827 $403,125 $487,250 $605,525 $130,000
Lake $314,827 $403,125 $487,250 $605,525 $234,000
Lawrence $314,827 $403,125 $487,250 $605,525 $158,000
Licking $356,500 $456,350 $551,650 $685,550 $310,000
Logan $314,827 $403,125 $487,250 $605,525 $94,000
Lorain $314,827 $403,125 $487,250 $605,525 $234,000
Lucas $314,827 $403,125 $487,250 $605,525 $160,000
Madison $356,500 $456,350 $551,650 $685,550 $310,000
Mahoning $314,827 $403,125 $487,250 $605,525 $88,000
Marion $314,827 $403,125 $487,250 $605,525 $85,000
Medina $314,827 $403,125 $487,250 $605,525 $234,000
Meigs $314,827 $403,125 $487,250 $605,525 $52,000
Mercer $314,827 $403,125 $487,250 $605,525 $125,000
Miami $314,827 $403,125 $487,250 $605,525 $168,000
Monroe $314,827 $403,125 $487,250 $605,525 $70,000
Montgomery $314,827 $403,125 $487,250 $605,525 $168,000
Morgan $314,827 $403,125 $487,250 $605,525 $50,000
Morrow $356,500 $456,350 $551,650 $685,550 $310,000
Muskingum $314,827 $403,125 $487,250 $605,525 $98,000
Noble $314,827 $403,125 $487,250 $605,525 $79,000
Ottawa $314,827 $403,125 $487,250 $605,525 $139,000
Paulding $314,827 $403,125 $487,250 $605,525 $75,000
Perry $356,500 $456,350 $551,650 $685,550 $310,000
Pickaway $356,500 $456,350 $551,650 $685,550 $310,000
Pike $314,827 $403,125 $487,250 $605,525 $75,000
Portage $314,827 $403,125 $487,250 $605,525 $150,000
Preble $314,827 $403,125 $487,250 $605,525 $99,000
Putnam $314,827 $403,125 $487,250 $605,525 $105,000
Richland $314,827 $403,125 $487,250 $605,525 $95,000
Ross $314,827 $403,125 $487,250 $605,525 $106,000
Sandusky $314,827 $403,125 $487,250 $605,525 $90,000
Scioto $314,827 $403,125 $487,250 $605,525 $65,000
Seneca $314,827 $403,125 $487,250 $605,525 $80,000
Shelby $314,827 $403,125 $487,250 $605,525 $122,000
Stark $314,827 $403,125 $487,250 $605,525 $119,000
Summit $314,827 $403,125 $487,250 $605,525 $150,000
Trumbull $314,827 $403,125 $487,250 $605,525 $88,000
Tuscarawas $314,827 $403,125 $487,250 $605,525 $110,000
Union $356,500 $456,350 $551,650 $685,550 $310,000
Van Wert $314,827 $403,125 $487,250 $605,525 $82,000
Vinton $314,827 $403,125 $487,250 $605,525 $47,000
Warren $314,827 $403,125 $487,250 $605,525 $229,000
Washington $314,827 $403,125 $487,250 $605,525 $106,000
Wayne $314,827 $403,125 $487,250 $605,525 $133,000
Williams $314,827 $403,125 $487,250 $605,525 $90,000
Wood $314,827 $403,125 $487,250 $605,525 $160,000
Wyandot $314,827 $403,125 $487,250 $605,525 $83,000

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 insure. In 2019, that limit is $484,350. The FHA’s “floor” is the largest mortgage the agency will issue 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 Ohio?

If you believe an FHA loan may be the best mortgage option for you, compare offers from several different lenders. Although FHA is a government-backed program, each individual lender sets their own interest rates and loan fees. To see loan limits in Ohio, go to the FHA loan limits page.  Also visit LendingTree’s FHA loan guide for more information and to compare loan offers.

 

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