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2019 FHA Loan Limits in Virginia

The standard FHA loan limit for much of the U.S. is now $314,827, and that limit also applies to much of Virginia.

Loan limits tend to be very different In northern Virginia. Seventeen out of 134 Virginia counties — or 13% — qualify for the maximum FHA loan limit of $726,525, and all those counties are in the expensive area around Washington, D.C.

With thousands of miles of coastline, mountains in the west and a wealth of cities key to U.S. history, Virginia offers housing options as varied as the state itself.

Still, in some parts of Virginia — like the fast-growing cities and suburbs outside Washington, D.C. — both affordability and lack of housing inventory are a concern. Good value can be found in more rural areas, as well as in smaller, more southerly cities, such as Virginia Beach and Norfolk. But even in these areas, rising prices are sometimes keeping up with jumps nationwide. (Across the U.S., the price for a typical home is $235,000, as estimated by the National Association of Realtors in late 2018.)

If you’re looking to buy in Virginia, an FHA loan may be an affordable choice, although the loans come with limits that depend in part on home prices in any particular area. The FHA estimates median sale prices in Virginia recently ranged from $75,000 in counties such as Accomack and Covington City to $768,000 in Arlington and Fairfax, outside Washington, D.C.

About 22% of mortgages in Virginia were FHA loans in 2015, according to the most current statistics from the FHA. Out of 50 states, as well as Puerto Rico and the District of Columbia, the state ranked 37th in FHA loan use.

Virginia FHA loan limits by county

FHA Loan Limits in Virginia
County Name One-Family Two-Family Three-Family Four-Family Median Sale Price
Accomack $331,760 $424,800 $513,450 $638,100 $75,000
Albemarle $437,000 $559,450 $676,200 $840,400 $370,000
Alleghany $331,760 $424,800 $513,450 $638,100 $163,000
Amelia $535,900 $686,050 $829,250 $1,030,600 $330,000
Amherst $331,760 $424,800 $513,450 $638,100 $225,000
Appomattox $331,760 $424,800 $513,450 $638,100 $225,000
Arlington $765,600 $980,325 $1,184,925 $1,472,550 $802,000
Augusta $331,760 $424,800 $513,450 $638,100 $217,000
Bath $331,760 $424,800 $513,450 $638,100 $90,000
Bedford $331,760 $424,800 $513,450 $638,100 $225,000
Bland $331,760 $424,800 $513,450 $638,100 $146,000
Botetourt $331,760 $424,800 $513,450 $638,100 $225,000
Brunswick $331,760 $424,800 $513,450 $638,100 $120,000
Buchanan $331,760 $424,800 $513,450 $638,100 $58,000
Buckingham $331,760 $424,800 $513,450 $638,100 $145,000
Campbell $331,760 $424,800 $513,450 $638,100 $225,000
Caroline $331,760 $424,800 $513,450 $638,100 $200,000
Carroll $331,760 $424,800 $513,450 $638,100 $108,000
Charles City $535,900 $686,050 $829,250 $1,030,600 $330,000
Charlotte $331,760 $424,800 $513,450 $638,100 $25,000
Chesterfield $535,900 $686,050 $829,250 $1,030,600 $330,000
Clarke $765,600 $980,325 $1,184,925 $1,472,550 $802,000
Craig $331,760 $424,800 $513,450 $638,100 $225,000
Culpeper $765,600 $980,325 $1,184,925 $1,472,550 $802,000
Cumberland $331,760 $424,800 $513,450 $638,100 $150,000
Dickenson $331,760 $424,800 $513,450 $638,100 $52,000
Dinwiddie $535,900 $686,050 $829,250 $1,030,600 $330,000
Essex $331,760 $424,800 $513,450 $638,100 $165,000
Fairfax $765,600 $980,325 $1,184,925 $1,472,550 $802,000
Fauquier $765,600 $980,325 $1,184,925 $1,472,550 $802,000
Floyd $331,760 $424,800 $513,450 $638,100 $161,000
Fluvanna $437,000 $559,450 $676,200 $840,400 $370,000
Franklin $331,760 $424,800 $513,450 $638,100 $225,000
Frederick $331,760 $424,800 $513,450 $638,100 $265,000
Giles $331,760 $424,800 $513,450 $638,100 $200,000
Gloucester $458,850 $587,400 $710,050 $882,400 $319,000
Goochland $535,900 $686,050 $829,250 $1,030,600 $330,000
Grayson $331,760 $424,800 $513,450 $638,100 $100,000
Greene $437,000 $559,450 $676,200 $840,400 $370,000
Greensville $331,760 $424,800 $513,450 $638,100 $98,000
Halifax $331,760 $424,800 $513,450 $638,100 $80,000
Hanover $535,900 $686,050 $829,250 $1,030,600 $330,000
Henrico $535,900 $686,050 $829,250 $1,030,600 $330,000
Henry $331,760 $424,800 $513,450 $638,100 $78,000
Highland $331,760 $424,800 $513,450 $638,100 $70,000
Isle Of Wight $458,850 $587,400 $710,050 $882,400 $319,000
James City $458,850 $587,400 $710,050 $882,400 $319,000
King And Queen $535,900 $686,050 $829,250 $1,030,600 $330,000
King George $350,750 $449,000 $542,750 $674,500 $300,000
King William $535,900 $686,050 $829,250 $1,030,600 $330,000
Lancaster $442,750 $566,800 $685,100 $851,450 $225,000
Lee $331,760 $424,800 $513,450 $638,100 $40,000
Loudoun $765,600 $980,325 $1,184,925 $1,472,550 $802,000
Louisa $331,760 $424,800 $513,450 $638,100 $226,000
Lunenburg $331,760 $424,800 $513,450 $638,100 $61,000
Madison $765,600 $980,325 $1,184,925 $1,472,550 $802,000
Mathews $458,850 $587,400 $710,050 $882,400 $319,000
Mecklenburg $331,760 $424,800 $513,450 $638,100 $94,000
Middlesex $331,760 $424,800 $513,450 $638,100 $241,000
Montgomery $331,760 $424,800 $513,450 $638,100 $200,000
Nelson $437,000 $559,450 $676,200 $840,400 $370,000
New Kent $535,900 $686,050 $829,250 $1,030,600 $330,000
Northampton $331,760 $424,800 $513,450 $638,100 $156,000
Northumberland $331,760 $424,800 $513,450 $638,100 $231,000
Nottoway $331,760 $424,800 $513,450 $638,100 $125,000
Orange $331,760 $424,800 $513,450 $638,100 $240,000
Page $331,760 $424,800 $513,450 $638,100 $172,000
Patrick $331,760 $424,800 $513,450 $638,100 $117,000
Pittsylvania $331,760 $424,800 $513,450 $638,100 $130,000
Powhatan $535,900 $686,050 $829,250 $1,030,600 $330,000
Prince Edward $331,760 $424,800 $513,450 $638,100 $154,000
Prince George $535,900 $686,050 $829,250 $1,030,600 $330,000
Prince William $765,600 $980,325 $1,184,925 $1,472,550 $802,000
Pulaski $331,760 $424,800 $513,450 $638,100 $200,000
Rappahannock $765,600 $980,325 $1,184,925 $1,472,550 $802,000
Richmond $331,760 $424,800 $513,450 $638,100 $162,000
Roanoke $331,760 $424,800 $513,450 $638,100 $225,000
Rockbridge $331,760 $424,800 $513,450 $638,100 $216,000
Rockingham $331,760 $424,800 $513,450 $638,100 $212,000
Russell $331,760 $424,800 $513,450 $638,100 $70,000
Scott $331,760 $424,800 $513,450 $638,100 $153,000
Shenandoah $331,760 $424,800 $513,450 $638,100 $185,000
Smyth $331,760 $424,800 $513,450 $638,100 $100,000
Southampton $458,850 $587,400 $710,050 $882,400 $319,000
Spotsylvania $765,600 $980,325 $1,184,925 $1,472,550 $802,000
Stafford $765,600 $980,325 $1,184,925 $1,472,550 $802,000
Surry $331,760 $424,800 $513,450 $638,100 $189,000
Sussex $535,900 $686,050 $829,250 $1,030,600 $330,000
Tazewell $331,760 $424,800 $513,450 $638,100 $146,000
Warren $765,600 $980,325 $1,184,925 $1,472,550 $802,000
Washington $331,760 $424,800 $513,450 $638,100 $153,000
Westmoreland $331,760 $424,800 $513,450 $638,100 $188,000
Wise $331,760 $424,800 $513,450 $638,100 $102,000
Wythe $331,760 $424,800 $513,450 $638,100 $133,000
York $458,850 $587,400 $710,050 $882,400 $319,000
Alexandria City $765,600 $980,325 $1,184,925 $1,472,550 $802,000
Bristol City $331,760 $424,800 $513,450 $638,100 $153,000
Buena Vista Cit $331,760 $424,800 $513,450 $638,100 $92,000
Charlottesville $437,000 $559,450 $676,200 $840,400 $370,000
Chesapeake City $458,850 $587,400 $710,050 $882,400 $319,000
Colonial Height $535,900 $686,050 $829,250 $1,030,600 $330,000
Covington City $331,760 $424,800 $513,450 $638,100 $79,000
Danville City $331,760 $424,800 $513,450 $638,100 $130,000
Emporia City $331,760 $424,800 $513,450 $638,100 $127,000
Fairfax City $765,600 $980,325 $1,184,925 $1,472,550 $802,000
Falls Church Ci $765,600 $980,325 $1,184,925 $1,472,550 $802,000
Franklin City $458,850 $587,400 $710,050 $882,400 $319,000
Fredericksburg $765,600 $980,325 $1,184,925 $1,472,550 $802,000
Galax City $331,760 $424,800 $513,450 $638,100 $116,000
Hampton City $458,850 $587,400 $710,050 $882,400 $319,000
Harrisonburg Ci $331,760 $424,800 $513,450 $638,100 $212,000
Hopewell City $535,900 $686,050 $829,250 $1,030,600 $330,000
Lexington City $354,200 $453,450 $548,100 $681,150 $308,000
Lynchburg City $331,760 $424,800 $513,450 $638,100 $225,000
Manassas City $765,600 $980,325 $1,184,925 $1,472,550 $802,000
Manassas Park C $765,600 $980,325 $1,184,925 $1,472,550 $802,000
Martinsville Ci $331,760 $424,800 $513,450 $638,100 $78,000
Newport News Ci $458,850 $587,400 $710,050 $882,400 $319,000
Norfolk City $458,850 $587,400 $710,050 $882,400 $319,000
Norton City $331,760 $424,800 $513,450 $638,100 $102,000
Petersburg City $535,900 $686,050 $829,250 $1,030,600 $330,000
Poquoson City $458,850 $587,400 $710,050 $882,400 $319,000
Portsmouth City $458,850 $587,400 $710,050 $882,400 $319,000
Radford City $331,760 $424,800 $513,450 $638,100 $200,000
Richmond City $535,900 $686,050 $829,250 $1,030,600 $330,000
Roanoke City $331,760 $424,800 $513,450 $638,100 $225,000
Salem City $331,760 $424,800 $513,450 $638,100 $225,000
Staunton City $331,760 $424,800 $513,450 $638,100 $217,000
Suffolk City $458,850 $587,400 $710,050 $882,400 $319,000
Virginia Beach $458,850 $587,400 $710,050 $882,400 $319,000
Waynesboro City $331,760 $424,800 $513,450 $638,100 $217,000
Williamsburg Ci $458,850 $587,400 $710,050 $882,400 $319,000
Winchester City $331,760 $424,800 $513,450 $638,100 $265,000

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 conventional lenders Fannie Mae and Freddie Mac will insure. 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 Virginia?

With generous credit requirements and a low minimum down payment, FHA-insured loans can make homeownership more accessible to first-time buyers and borrowers for whom traditional financing may not be attainable.

To see what the loan limits are in Virginia, go to the FHA loan limit website. To help you discover if an FHA loan is right for you, look for eligibility requirements and other relevant information in our guide to FHA loans.

 

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