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2021 FHA Loan Limits in West Virginia

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The FHA loan limit in West Virginia has increased up to $356,362 and $822,375 for a single-family home, depending on the county. The lower number applies to all counties except Jefferson. Because it’s part of the Washington, D.C., metropolitan area, Jefferson County homebuyers may be able to qualify for more than $800,000 for an FHA loan.

With its rolling landscapes and affordable housing, this might be a good time to look for a home or refinance in the Mountain State. Thanks to the Federal Housing Administration (FHA), some West Virginians can qualify for federally backed loans FHA loans to make their dream of homeownership come true.

West Virginia FHA loan limits by county

FHA Loan Limits in West Virginia
County Name One-Family Two-Family Three-Family Four-Family Median Sale Price
Barbour $356,362 $456,275 $551,500 $685,400 $68,000
Berkeley $356,362 $456,275 $551,500 $685,400 $205,000
Boone $356,362 $456,275 $551,500 $685,400 $128,000
Braxton $356,362 $456,275 $551,500 $685,400 $60,000
Brooke $356,362 $456,275 $551,500 $685,400 $111,000
Cabell $356,362 $456,275 $551,500 $685,400 $181,000
Calhoun $356,362 $456,275 $551,500 $685,400 $82,000
Clay $356,362 $456,275 $551,500 $685,400 $128,000
Doddridge $356,362 $456,275 $551,500 $685,400 $131,000
Fayette $356,362 $456,275 $551,500 $685,400 $94,000
Gilmer $356,362 $456,275 $551,500 $685,400 $65,000
Grant $356,362 $456,275 $551,500 $685,400 $154,000
Greenbrier $356,362 $456,275 $551,500 $685,400 $117,000
Hampshire $356,362 $456,275 $551,500 $685,400 $285,000
Hancock $356,362 $456,275 $551,500 $685,400 $111,000
Hardy $356,362 $456,275 $551,500 $685,400 $89,000
Harrison $356,362 $456,275 $551,500 $685,400 $131,000
Jackson $356,362 $456,275 $551,500 $685,400 $128,000
Jefferson $822,375 $1,053,000 $1,272,750 $1,581,750 $823,000
Kanawha $356,362 $456,275 $551,500 $685,400 $128,000
Lewis $356,362 $456,275 $551,500 $685,400 $80,000
Lincoln $356,362 $456,275 $551,500 $685,400 $128,000
Logan $356,362 $456,275 $551,500 $685,400 $43,000
Marion $356,362 $456,275 $551,500 $685,400 $115,000
Marshall $356,362 $456,275 $551,500 $685,400 $111,000
Mason $356,362 $456,275 $551,500 $685,400 $87,000
Mcdowell $356,362 $456,275 $551,500 $685,400 $79,000
Mercer $356,362 $456,275 $551,500 $685,400 $116,000
Mineral $356,362 $456,275 $551,500 $685,400 $121,000
Mingo $356,362 $456,275 $551,500 $685,400 $40,000
Monongalia $356,362 $456,275 $551,500 $685,400 $220,000
Monroe $356,362 $456,275 $551,500 $685,400 $155,000
Morgan $356,362 $456,275 $551,500 $685,400 $205,000
Nicholas $356,362 $456,275 $551,500 $685,400 $66,000
Ohio $356,362 $456,275 $551,500 $685,400 $111,000
Pendleton $356,362 $456,275 $551,500 $685,400 $84,000
Pleasants $356,362 $456,275 $551,500 $685,400 $120,000
Pocahontas $356,362 $456,275 $551,500 $685,400 $65,000
Preston $356,362 $456,275 $551,500 $685,400 $220,000
Putnam $356,362 $456,275 $551,500 $685,400 $181,000
Raleigh $356,362 $456,275 $551,500 $685,400 $94,000
Randolph $356,362 $456,275 $551,500 $685,400 $106,000
Ritchie $356,362 $456,275 $551,500 $685,400 $42,000
Roane $356,362 $456,275 $551,500 $685,400 $65,000
Summers $356,362 $456,275 $551,500 $685,400 $107,000
Taylor $356,362 $456,275 $551,500 $685,400 $131,000
Tucker $356,362 $456,275 $551,500 $685,400 $135,000
Tyler $356,362 $456,275 $551,500 $685,400 $45,000
Upshur $356,362 $456,275 $551,500 $685,400 $126,000
Wayne $356,362 $456,275 $551,500 $685,400 $181,000

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 West Virginia?

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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