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2019 FHA Loan Limits in Tennessee

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In Tennessee, the 2019 FHA loan limit for a single-family home ranges from $314,827 in most of the state to $534,750 around Nashville.

Housing prices have steadily climbed across Tennessee. As a result, more homebuyers have taken out Federal Housing Administration (FHA) loans, which allow buyers with lower credit scores and less money for a down payment to achieve homeownership.

A 2016 FHA report showed a 4% increase in FHA loans in Tennessee from 2014 to 2015. The report, which is the most recent featuring this data, found that 25% of home loans made in Tennessee in 2015 were FHA loans. That figure represents 29,568 homes for a total of $4.8 billion. In 2018, 2.68% of FHA loans made nationwide originated in Tennessee.

Housing prices across the state range widely, so FHA loan limits do, too. The National Association of Realtors (NAR) estimates the price of a typical home nationwide was $235,000 during the third quarter of 2018. The median home price in the world-famous music city of Nashville exceeds that, at $264,000, according to NAR. (The broader metropolitan area around Nashville is even more expensive; the FHA lists the median sale price at $465,000 for the 14-county area.) However, in Memphis (also known for its music and, of course, Elvis Presley’s Graceland estate), the median home price is well below the national figure, at $174,000. Knoxville comes in at $192,100.

Tennessee FHA loan limits by county

FHA Loan Limits in Tennessee
County Name One-Family Two-Family Three-Family Four-Family Median Sale Price
Anderson $331,760 $424,800 $513,450 $638,100 $194,000
Bedford $331,760 $424,800 $513,450 $638,100 $153,000
Benton $331,760 $424,800 $513,450 $638,100 $41,000
Bledsoe $331,760 $424,800 $513,450 $638,100 $31,000
Blount $331,760 $424,800 $513,450 $638,100 $194,000
Bradley $331,760 $424,800 $513,450 $638,100 $154,000
Campbell $331,760 $424,800 $513,450 $638,100 $194,000
Cannon $563,500 $721,400 $872,000 $1,083,650 $490,000
Carroll $331,760 $424,800 $513,450 $638,100 $53,000
Carter $331,760 $424,800 $513,450 $638,100 $158,000
Cheatham $563,500 $721,400 $872,000 $1,083,650 $490,000
Chester $331,760 $424,800 $513,450 $638,100 $125,000
Claiborne $331,760 $424,800 $513,450 $638,100 $80,000
Clay $331,760 $424,800 $513,450 $638,100 $48,000
Cocke $331,760 $424,800 $513,450 $638,100 $60,000
Coffee $331,760 $424,800 $513,450 $638,100 $140,000
Crockett $331,760 $424,800 $513,450 $638,100 $125,000
Cumberland $331,760 $424,800 $513,450 $638,100 $110,000
Davidson $563,500 $721,400 $872,000 $1,083,650 $490,000
Decatur $331,760 $424,800 $513,450 $638,100 $41,000
Dekalb $331,760 $424,800 $513,450 $638,100 $95,000
Dickson $563,500 $721,400 $872,000 $1,083,650 $490,000
Dyer $331,760 $424,800 $513,450 $638,100 $85,000
Fayette $331,760 $424,800 $513,450 $638,100 $219,000
Fentress $331,760 $424,800 $513,450 $638,100 $60,000
Franklin $331,760 $424,800 $513,450 $638,100 $140,000
Gibson $331,760 $424,800 $513,450 $638,100 $125,000
Giles $331,760 $424,800 $513,450 $638,100 $85,000
Grainger $331,760 $424,800 $513,450 $638,100 $133,000
Greene $331,760 $424,800 $513,450 $638,100 $96,000
Grundy $331,760 $424,800 $513,450 $638,100 $40,000
Hamblen $331,760 $424,800 $513,450 $638,100 $133,000
Hamilton $331,760 $424,800 $513,450 $638,100 $195,000
Hancock $331,760 $424,800 $513,450 $638,100 $33,000
Hardeman $331,760 $424,800 $513,450 $638,100 $37,000
Hardin $331,760 $424,800 $513,450 $638,100 $59,000
Hawkins $331,760 $424,800 $513,450 $638,100 $153,000
Haywood $331,760 $424,800 $513,450 $638,100 $69,000
Henderson $331,760 $424,800 $513,450 $638,100 $76,000
Henry $331,760 $424,800 $513,450 $638,100 $64,000
Hickman $331,760 $424,800 $513,450 $638,100 $90,000
Houston $331,760 $424,800 $513,450 $638,100 $53,000
Humphreys $331,760 $424,800 $513,450 $638,100 $80,000
Jackson $331,760 $424,800 $513,450 $638,100 $148,000
Jefferson $331,760 $424,800 $513,450 $638,100 $133,000
Johnson $331,760 $424,800 $513,450 $638,100 $55,000
Knox $331,760 $424,800 $513,450 $638,100 $194,000
Lake $331,760 $424,800 $513,450 $638,100 $29,000
Lauderdale $331,760 $424,800 $513,450 $638,100 $53,000
Lawrence $331,760 $424,800 $513,450 $638,100 $78,000
Lewis $331,760 $424,800 $513,450 $638,100 $53,000
Lincoln $331,760 $424,800 $513,450 $638,100 $104,000
Loudon $331,760 $424,800 $513,450 $638,100 $194,000
Mcminn $331,760 $424,800 $513,450 $638,100 $110,000
Mcnairy $331,760 $424,800 $513,450 $638,100 $55,000
Macon $563,500 $721,400 $872,000 $1,083,650 $490,000
Madison $331,760 $424,800 $513,450 $638,100 $125,000
Marion $331,760 $424,800 $513,450 $638,100 $195,000
Marshall $331,760 $424,800 $513,450 $638,100 $155,000
Maury $563,500 $721,400 $872,000 $1,083,650 $490,000
Meigs $331,760 $424,800 $513,450 $638,100 $65,000
Monroe $331,760 $424,800 $513,450 $638,100 $90,000
Montgomery $331,760 $424,800 $513,450 $638,100 $182,000
Moore $331,760 $424,800 $513,450 $638,100 $140,000
Morgan $331,760 $424,800 $513,450 $638,100 $194,000
Obion $331,760 $424,800 $513,450 $638,100 $69,000
Overton $331,760 $424,800 $513,450 $638,100 $148,000
Perry $331,760 $424,800 $513,450 $638,100 $40,000
Pickett $331,760 $424,800 $513,450 $638,100 $59,000
Polk $331,760 $424,800 $513,450 $638,100 $154,000
Putnam $331,760 $424,800 $513,450 $638,100 $148,000
Rhea $331,760 $424,800 $513,450 $638,100 $103,000
Roane $331,760 $424,800 $513,450 $638,100 $194,000
Robertson $563,500 $721,400 $872,000 $1,083,650 $490,000
Rutherford $563,500 $721,400 $872,000 $1,083,650 $490,000
Scott $331,760 $424,800 $513,450 $638,100 $48,000
Sequatchie $331,760 $424,800 $513,450 $638,100 $195,000
Sevier $331,760 $424,800 $513,450 $638,100 $170,000
Shelby $331,760 $424,800 $513,450 $638,100 $219,000
Smith $563,500 $721,400 $872,000 $1,083,650 $490,000
Stewart $331,760 $424,800 $513,450 $638,100 $182,000
Sullivan $331,760 $424,800 $513,450 $638,100 $153,000
Sumner $563,500 $721,400 $872,000 $1,083,650 $490,000
Tipton $331,760 $424,800 $513,450 $638,100 $219,000
Trousdale $563,500 $721,400 $872,000 $1,083,650 $490,000
Unicoi $331,760 $424,800 $513,450 $638,100 $158,000
Union $331,760 $424,800 $513,450 $638,100 $194,000
Van Buren $331,760 $424,800 $513,450 $638,100 $56,000
Warren $331,760 $424,800 $513,450 $638,100 $95,000
Washington $331,760 $424,800 $513,450 $638,100 $158,000
Wayne $331,760 $424,800 $513,450 $638,100 $37,000
Weakley $331,760 $424,800 $513,450 $638,100 $70,000
White $331,760 $424,800 $513,450 $638,100 $95,000
Williamson $563,500 $721,400 $872,000 $1,083,650 $490,000
Wilson $563,500 $721,400 $872,000 $1,083,650 $490,000

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 Tennessee?

Alongside understanding FHA loan limits, it’s important to be aware that FHA housing loans are subject to federal guidelines including credit score and down payment requirements. Learn more about how to qualify for an FHA home loan in Tennessee by checking out LendingTree’s FHA hub.

 

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