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2019 FHA Loan Limits in Wyoming

In 2019, the mortgage limits for a single-family house in Wyoming range from $314,827 to $726,525. The vast majority of the state is considered a lower-cost area and conforms to the $314,827 limit. Out of 23 counties, only one — Teton — is considered a high-cost area, and there you can get a loan at the top of the range.

If you’re thinking about applying for a Federal Housing Administration (FHA) mortgage, you’re in good company. Many homebuyers seek out FHA loans because they require low down payments and have less stringent credit requirements than some other types of mortgage loans.

FHA loans are relatively popular in Wyoming. In fiscal year 2016, the most recent time period for which this data is available, 2,567 FHA loans were issued in Wyoming for single-family houses, for a total of approximately $500 million. Of the loans originated in the state in 2015, 23.2% were FHA loans.

Nationwide, according to a 2018 FHA report, 0.23% of FHA loans originated in Wyoming, which is a large state with a relatively small population — approximately 578,000 per the latest Census estimation.

Wyoming FHA loan limits by county

FHA Loan Limits in Wyoming
County Name One-Family Two-Family Three-Family Four-Family Median Sale Price
Albany $314,827 $403,125 $487,250 $605,525 $239,000
Big Horn $314,827 $403,125 $487,250 $605,525 $139,000
Campbell $314,827 $403,125 $487,250 $605,525 $228,000
Carbon $314,827 $403,125 $487,250 $605,525 $174,000
Converse $314,827 $403,125 $487,250 $605,525 $207,000
Crook $314,827 $403,125 $487,250 $605,525 $199,000
Fremont $314,827 $403,125 $487,250 $605,525 $77,000
Goshen $314,827 $403,125 $487,250 $605,525 $159,000
Hot Springs $314,827 $403,125 $487,250 $605,525 $157,000
Johnson $314,827 $403,125 $487,250 $605,525 $225,000
Laramie $314,827 $403,125 $487,250 $605,525 $243,000
Lincoln $314,827 $403,125 $487,250 $605,525 $253,000
Natrona $314,827 $403,125 $487,250 $605,525 $215,000
Niobrara $314,827 $403,125 $487,250 $605,525 $165,000
Park $314,827 $403,125 $487,250 $605,525 $241,000
Platte $314,827 $403,125 $487,250 $605,525 $175,000
Sheridan $314,827 $403,125 $487,250 $605,525 $253,000
Sublette $314,827 $403,125 $487,250 $605,525 $235,000
Sweetwater $316,250 $404,850 $489,350 $608,150 $259,000
Teton $726,525 $930,300 $1,124,475 $1,397,400 $789,000
Uinta $314,827 $403,125 $487,250 $605,525 $206,000
Washakie $314,827 $403,125 $487,250 $605,525 $173,000
Weston $314,827 $403,125 $487,250 $605,525 $184,000

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 Wyoming?

Once you’re familiar with the FHA loan limits and ready to move forward with the process, you can find out about other requirements — including what kind of credit you should have and how your income should be documented — and how to apply for an FHA loan  at LendingTree’s FHA hub page.

 

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