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2019 FHA Loan Limits in Wisconsin

The FHA single-family loan limit for most counties in Wisconsin is $314,827. The standard limit is higher in some of the state’s larger cities or metro areas where housing is pricier.

In counties surrounding the state capital of Madison, there is a slight increase in the loan limit to $316,250. Kenosha County, which is close to the Illinois border, has the highest loan limit of $368,000. For Milwaukee, Wisconsin’s largest city, and its surrounding suburbs, the loan limit increases to $327,750.

So if you’re thinking about putting down roots in Wisconsin but aren’t sure if you have the means to buy a home, a Federal Housing Administration (FHA) loan may be right for you. These government-backed mortgages are specifically aimed at people who might not have good enough credit or the funds for a down payment (or both) to buy a home.

Wisconsin offers a range of housing options for a first-time homebuyer, whether you’re looking for a small community, a larger city or a metro suburban area. Wisconsin’s population is estimated at 5.8 million, and the state’s median home price is $184,000, according to the Wisconsin Realtors Association. But there is a lot of cost variance depending on where in Wisconsin you want to live.

The FHA’s 2016 report stated 13.9% of purchase originations in Wisconsin came from FHA loans. That puts Wisconsin on the low end of FHA loans insured statewide, at 49th out of 52 (including the 50 states, Washington, D.C., and Puerto Rico). The 2016 report is the most recent for which this statewide data is available. The FHA’s 2018 report found that 1.09% of FHA loans made nationwide originated in Wisconsin.

Wisconsin FHA loan limits by county

FHA Loan Limits in Wisconsin
County Name One-Family Two-Family Three-Family Four-Family Median Sale Price
Adams $314,827 $403,125 $487,250 $605,525 $67,000
Ashland $314,827 $403,125 $487,250 $605,525 $70,000
Barron $314,827 $403,125 $487,250 $605,525 $120,000
Bayfield $314,827 $403,125 $487,250 $605,525 $106,000
Brown $314,827 $403,125 $487,250 $605,525 $161,000
Buffalo $314,827 $403,125 $487,250 $605,525 $105,000
Burnett $314,827 $403,125 $487,250 $605,525 $116,000
Calumet $314,827 $403,125 $487,250 $605,525 $170,000
Chippewa $314,827 $403,125 $487,250 $605,525 $163,000
Clark $314,827 $403,125 $487,250 $605,525 $81,000
Columbia $316,250 $404,850 $489,350 $608,150 $275,000
Crawford $314,827 $403,125 $487,250 $605,525 $93,000
Dane $316,250 $404,850 $489,350 $608,150 $275,000
Dodge $314,827 $403,125 $487,250 $605,525 $135,000
Door $314,827 $403,125 $487,250 $605,525 $139,000
Douglas $314,827 $403,125 $487,250 $605,525 $152,000
Dunn $314,827 $403,125 $487,250 $605,525 $142,000
Eau Claire $314,827 $403,125 $487,250 $605,525 $163,000
Florence $314,827 $403,125 $487,250 $605,525 $100,000
Fond Du Lac $314,827 $403,125 $487,250 $605,525 $128,000
Forest $314,827 $403,125 $487,250 $605,525 $55,000
Grant $314,827 $403,125 $487,250 $605,525 $100,000
Green $316,250 $404,850 $489,350 $608,150 $275,000
Green Lake $314,827 $403,125 $487,250 $605,525 $116,000
Iowa $316,250 $404,850 $489,350 $608,150 $275,000
Iron $314,827 $403,125 $487,250 $605,525 $61,000
Jackson $314,827 $403,125 $487,250 $605,525 $92,000
Jefferson $314,827 $403,125 $487,250 $605,525 $180,000
Juneau $314,827 $403,125 $487,250 $605,525 $65,000
Kenosha $368,000 $471,100 $569,450 $707,700 $320,000
Kewaunee $314,827 $403,125 $487,250 $605,525 $161,000
La Crosse $314,827 $403,125 $487,250 $605,525 $165,000
Lafayette $314,827 $403,125 $487,250 $605,525 $108,000
Langlade $314,827 $403,125 $487,250 $605,525 $72,000
Lincoln $314,827 $403,125 $487,250 $605,525 $94,000
Manitowoc $314,827 $403,125 $487,250 $605,525 $98,000
Marathon $314,827 $403,125 $487,250 $605,525 $137,000
Marinette $314,827 $403,125 $487,250 $605,525 $106,000
Marquette $314,827 $403,125 $487,250 $605,525 $92,000
Menominee $314,827 $403,125 $487,250 $605,525 $123,000
Milwaukee $327,750 $419,550 $507,150 $630,300 $285,000
Monroe $314,827 $403,125 $487,250 $605,525 $125,000
Oconto $314,827 $403,125 $487,250 $605,525 $161,000
Oneida $314,827 $403,125 $487,250 $605,525 $130,000
Outagamie $314,827 $403,125 $487,250 $605,525 $170,000
Ozaukee $327,750 $419,550 $507,150 $630,300 $285,000
Pepin $314,827 $403,125 $487,250 $605,525 $87,000
Pierce $366,850 $469,600 $567,650 $705,500 $319,000
Polk $314,827 $403,125 $487,250 $605,525 $117,000
Portage $314,827 $403,125 $487,250 $605,525 $147,000
Price $314,827 $403,125 $487,250 $605,525 $60,000
Racine $314,827 $403,125 $487,250 $605,525 $159,000
Richland $314,827 $403,125 $487,250 $605,525 $94,000
Rock $314,827 $403,125 $487,250 $605,525 $128,000
Rusk $314,827 $403,125 $487,250 $605,525 $73,000
Sauk $314,827 $403,125 $487,250 $605,525 $167,000
Sawyer $314,827 $403,125 $487,250 $605,525 $120,000
Shawano $314,827 $403,125 $487,250 $605,525 $123,000
Sheboygan $314,827 $403,125 $487,250 $605,525 $148,000
St. Croix $366,850 $469,600 $567,650 $705,500 $319,000
Taylor $314,827 $403,125 $487,250 $605,525 $88,000
Trempealeau $314,827 $403,125 $487,250 $605,525 $119,000
Vernon $314,827 $403,125 $487,250 $605,525 $113,000
Vilas $314,827 $403,125 $487,250 $605,525 $145,000
Walworth $314,827 $403,125 $487,250 $605,525 $175,000
Washburn $314,827 $403,125 $487,250 $605,525 $110,000
Washington $327,750 $419,550 $507,150 $630,300 $285,000
Waukesha $327,750 $419,550 $507,150 $630,300 $285,000
Waupaca $314,827 $403,125 $487,250 $605,525 $106,000
Waushara $314,827 $403,125 $487,250 $605,525 $115,000
Winnebago $314,827 $403,125 $487,250 $605,525 $142,000
Wood $314,827 $403,125 $487,250 $605,525 $102,000

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 Wisconsin?

To be approved for an FHA loan, you’ll need a credit score of at least 500. But with a credit score this low, you’ll have to provide a down payment of at least 10%. If your credit score is 580 or better, you could be approved for a mortgage with a down payment as low as 3.5%.

Your debt-to-income ratio will also come into play in the process of qualifying for an FHA loan. This is how much debt you have compared to your monthly income. To find out whether an FHA loan may be right for you, visit LendingTree’s FHA loan page, which provides step-by-step instructions on preparing to apply, along with more details on how the loans work. You can also compare FHA loan offers.

 

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