Sunday, 20 October 2019

2019 FHA Loan Limits in Texas

2019 FHA Loan Limits in Texas
08 Apr
3:58

The Texas real estate market enjoyed a boom during the past several years, with home prices rising consistently from 2012 through 2018. Growth slowed somewhat in 2018, however, which could be good news for homebuyers looking to purchase properties in the Lone Star State this year.The median home price statewide is $231,660, though prices are substantially above that in major metropolitan areas. Homebuyers in Austin, for instance, will find a median sale price of $304,900. But not all metros exceed the state median — the median price in San Antonio is well under the state’s at $221,500.

The vast majority of Texans live in urban areas. Just over 3 million residents live in rural areas, while the remaining 25.2 million opt to live in the state’s metropolitan regions, according to 2017 data from the U.S. Department of Agriculture (USDA). Texas’s urban areas are currently growing by 1.7% each year. At that rate, the urban population will double within 40 years, which could significantly affect housing prices.

If you’re considering buying in either a rapidly growing Texas metro area or in a rural part of the state, you may be considering a mortgage backed by the Federal Housing Administration (FHA). An FHA loan could help you get into your new home that much faster, as the credit and down payment requirements are lower than you’ll find with conventional loans.

Texas had one of the highest rates of FHA loans granted in the country in 2018, making up 8.61% of total FHA-endorsed mortgages. Only California and Florida posted higher percentages, at 9.13% and 8.68%, respectively.

The amount you can borrow with an FHA loan in Texas will depend where you choose to move. The FHA annually sets new loan limits based on area housing prices. In Texas, loan limits for single-family homes vary from $314,827 to $395,600, depending on the county in which you choose to buy.

Texas FHA Loan Limits by County

County Name One-Family Two-Family Three-Family Four-Family Median Sale Price
ANDERSON $314,827 $403,125 $487,250 $605,525 $112,000
ANDREWS $314,827 $403,125 $487,250 $605,525 $139,000
ANGELINA $314,827 $403,125 $487,250 $605,525 $137,000
ARANSAS $314,827 $403,125 $487,250 $605,525 $197,000
ARCHER $314,827 $403,125 $487,250 $605,525 $163,000
ARMSTRONG $314,827 $403,125 $487,250 $605,525 $183,000
ATASCOSA $359,950 $460,800 $557,000 $692,200 $313,000
AUSTIN $331,200 $424,000 $512,500 $636,900 $284,000
BAILEY $314,827 $403,125 $487,250 $605,525 $72,000
BANDERA $359,950 $460,800 $557,000 $692,200 $313,000
BASTROP $389,850 $499,050 $603,250 $749,700 $339,000
BAYLOR $314,827 $403,125 $487,250 $605,525 $115,000
BEE $314,827 $403,125 $487,250 $605,525 $139,000
BELL $314,827 $403,125 $487,250 $605,525 $171,000
BEXAR $359,950 $460,800 $557,000 $692,200 $313,000
BLANCO $314,827 $403,125 $487,250 $605,525 $175,000
BORDEN $314,827 $403,125 $487,250 $605,525 $164,000
BOSQUE $314,827 $403,125 $487,250 $605,525 $118,000
BOWIE $314,827 $403,125 $487,250 $605,525 $139,000
BRAZORIA $331,200 $424,000 $512,500 $636,900 $284,000
BRAZOS $314,827 $403,125 $487,250 $605,525 $233,000
BREWSTER $314,827 $403,125 $487,250 $605,525 $171,000
BRISCOE $314,827 $403,125 $487,250 $605,525 $101,000
BROOKS $314,827 $403,125 $487,250 $605,525 $55,000
BROWN $314,827 $403,125 $487,250 $605,525 $120,000
BURLESON $314,827 $403,125 $487,250 $605,525 $233,000
BURNET $314,827 $403,125 $487,250 $605,525 $191,000
CALDWELL $389,850 $499,050 $603,250 $749,700 $339,000
CALHOUN $314,827 $403,125 $487,250 $605,525 $136,000
CALLAHAN $314,827 $403,125 $487,250 $605,525 $163,000
CAMERON $314,827 $403,125 $487,250 $605,525 $105,000
CAMP $314,827 $403,125 $487,250 $605,525 $114,000
CARSON $314,827 $403,125 $487,250 $605,525 $183,000
CASS $314,827 $403,125 $487,250 $605,525 $84,000
CASTRO $314,827 $403,125 $487,250 $605,525 $82,000
CHAMBERS $331,200 $424,000 $512,500 $636,900 $284,000
CHEROKEE $314,827 $403,125 $487,250 $605,525 $119,000
CHILDRESS $314,827 $403,125 $487,250 $605,525 $83,000
CLAY $314,827 $403,125 $487,250 $605,525 $163,000
COCHRAN $314,827 $403,125 $487,250 $605,525 $75,000
COKE $314,827 $403,125 $487,250 $605,525 $75,000
COLEMAN $314,827 $403,125 $487,250 $605,525 $80,000
COLLIN $395,600 $506,450 $612,150 $760,750 $344,000
COLLINGSWORTH $314,827 $403,125 $487,250 $605,525 $66,000
COLORADO $314,827 $403,125 $487,250 $605,525 $145,000
COMAL $359,950 $460,800 $557,000 $692,200 $313,000
COMANCHE $314,827 $403,125 $487,250 $605,525 $111,000
CONCHO $314,827 $403,125 $487,250 $605,525 $159,000
COOKE $314,827 $403,125 $487,250 $605,525 $188,000
CORYELL $314,827 $403,125 $487,250 $605,525 $171,000
COTTLE $314,827 $403,125 $487,250 $605,525 $49,000
CRANE $314,827 $403,125 $487,250 $605,525 $155,000
CROCKETT $314,827 $403,125 $487,250 $605,525 $87,000
CROSBY $314,827 $403,125 $487,250 $605,525 $173,000
CULBERSON $314,827 $403,125 $487,250 $605,525 $122,000
DALLAM $314,827 $403,125 $487,250 $605,525 $90,000
DALLAS $395,600 $506,450 $612,150 $760,750 $344,000
DAWSON $314,827 $403,125 $487,250 $605,525 $85,000
DEAF SMITH $314,827 $403,125 $487,250 $605,525 $99,000
DELTA $314,827 $403,125 $487,250 $605,525 $81,000
DENTON $395,600 $506,450 $612,150 $760,750 $344,000
DEWITT $314,827 $403,125 $487,250 $605,525 $120,000
DICKENS $314,827 $403,125 $487,250 $605,525 $58,000
DIMMIT $314,827 $403,125 $487,250 $605,525 $64,000
DONLEY $314,827 $403,125 $487,250 $605,525 $89,000
DUVAL $314,827 $403,125 $487,250 $605,525 $55,000
EASTLAND $314,827 $403,125 $487,250 $605,525 $80,000
ECTOR $314,827 $403,125 $487,250 $605,525 $196,000
EDWARDS $314,827 $403,125 $487,250 $605,525 $92,000
EL PASO $314,827 $403,125 $487,250 $605,525 $157,000
ELLIS $395,600 $506,450 $612,150 $760,750 $344,000
ERATH $314,827 $403,125 $487,250 $605,525 $159,000
FALLS $314,827 $403,125 $487,250 $605,525 $176,000
FANNIN $314,827 $403,125 $487,250 $605,525 $148,000
FAYETTE $314,827 $403,125 $487,250 $605,525 $158,000
FISHER $314,827 $403,125 $487,250 $605,525 $55,000
FLOYD $314,827 $403,125 $487,250 $605,525 $66,000
FOARD $314,827 $403,125 $487,250 $605,525 $56,000
FORT BEND $331,200 $424,000 $512,500 $636,900 $284,000
FRANKLIN $314,827 $403,125 $487,250 $605,525 $197,000
FREESTONE $314,827 $403,125 $487,250 $605,525 $87,000
FRIO $314,827 $403,125 $487,250 $605,525 $84,000
GAINES $314,827 $403,125 $487,250 $605,525 $123,000
GALVESTON $331,200 $424,000 $512,500 $636,900 $284,000
GARZA $314,827 $403,125 $487,250 $605,525 $103,000
GILLESPIE $324,300 $415,150 $501,800 $623,650 $282,000
GLASSCOCK $314,827 $403,125 $487,250 $605,525 $221,000
GOLIAD $314,827 $403,125 $487,250 $605,525 $175,000
GONZALES $314,827 $403,125 $487,250 $605,525 $107,000
GRAY $314,827 $403,125 $487,250 $605,525 $82,000
GRAYSON $314,827 $403,125 $487,250 $605,525 $175,000
GREGG $314,827 $403,125 $487,250 $605,525 $159,000
GRIMES $314,827 $403,125 $487,250 $605,525 $136,000
GUADALUPE $359,950 $460,800 $557,000 $692,200 $313,000
HALE $314,827 $403,125 $487,250 $605,525 $105,000
HALL $314,827 $403,125 $487,250 $605,525 $55,000
HAMILTON $314,827 $403,125 $487,250 $605,525 $75,000
HANSFORD $314,827 $403,125 $487,250 $605,525 $102,000
HARDEMAN $314,827 $403,125 $487,250 $605,525 $61,000
HARDIN $314,827 $403,125 $487,250 $605,525 $171,000
HARRIS $331,200 $424,000 $512,500 $636,900 $284,000
HARRISON $314,827 $403,125 $487,250 $605,525 $175,000
HARTLEY $314,827 $403,125 $487,250 $605,525 $168,000
HASKELL $314,827 $403,125 $487,250 $605,525 $55,000
HAYS $389,850 $499,050 $603,250 $749,700 $339,000
HEMPHILL $314,827 $403,125 $487,250 $605,525 $117,000
HENDERSON $314,827 $403,125 $487,250 $605,525 $150,000
HIDALGO $314,827 $403,125 $487,250 $605,525 $125,000
HILL $314,827 $403,125 $487,250 $605,525 $115,000
HOCKLEY $314,827 $403,125 $487,250 $605,525 $118,000
HOOD $395,600 $506,450 $612,150 $760,750 $344,000
HOPKINS $314,827 $403,125 $487,250 $605,525 $133,000
HOUSTON $314,827 $403,125 $487,250 $605,525 $118,000
HOWARD $314,827 $403,125 $487,250 $605,525 $221,000
HUDSPETH $314,827 $403,125 $487,250 $605,525 $157,000
HUNT $395,600 $506,450 $612,150 $760,750 $344,000
HUTCHINSON $314,827 $403,125 $487,250 $605,525 $90,000
IRION $314,827 $403,125 $487,250 $605,525 $160,000
JACK $314,827 $403,125 $487,250 $605,525 $86,000
JACKSON $314,827 $403,125 $487,250 $605,525 $123,000
JASPER $314,827 $403,125 $487,250 $605,525 $101,000
JEFF DAVIS $314,827 $403,125 $487,250 $605,525 $177,000
JEFFERSON $314,827 $403,125 $487,250 $605,525 $171,000
JIM HOGG $314,827 $403,125 $487,250 $605,525 $75,000
JIM WELLS $314,827 $403,125 $487,250 $605,525 $88,000
JOHNSON $395,600 $506,450 $612,150 $760,750 $344,000
JONES $314,827 $403,125 $487,250 $605,525 $163,000
KARNES $314,827 $403,125 $487,250 $605,525 $102,000
KAUFMAN $395,600 $506,450 $612,150 $760,750 $344,000
KENDALL $359,950 $460,800 $557,000 $692,200 $313,000
KENEDY $314,827 $403,125 $487,250 $605,525 $125,000
KENT $314,827 $403,125 $487,250 $605,525 $83,000
KERR $314,827 $403,125 $487,250 $605,525 $206,000
KIMBLE $314,827 $403,125 $487,250 $605,525 $131,000
KING $314,827 $403,125 $487,250 $605,525 $114,000
KINNEY $314,827 $403,125 $487,250 $605,525 $115,000
KLEBERG $314,827 $403,125 $487,250 $605,525 $125,000
KNOX $314,827 $403,125 $487,250 $605,525 $50,000
LA SALLE $314,827 $403,125 $487,250 $605,525 $52,000
LAMAR $314,827 $403,125 $487,250 $605,525 $116,000
LAMB $314,827 $403,125 $487,250 $605,525 $75,000
LAMPASAS $314,827 $403,125 $487,250 $605,525 $171,000
LAVACA $314,827 $403,125 $487,250 $605,525 $146,000
LEE $314,827 $403,125 $487,250 $605,525 $136,000
LEON $314,827 $403,125 $487,250 $605,525 $119,000
LIBERTY $331,200 $424,000 $512,500 $636,900 $284,000
LIMESTONE $314,827 $403,125 $487,250 $605,525 $95,000
LIPSCOMB $314,827 $403,125 $487,250 $605,525 $102,000
LIVE OAK $314,827 $403,125 $487,250 $605,525 $118,000
LLANO $314,827 $403,125 $487,250 $605,525 $191,000
LOVING $314,827 $403,125 $487,250 $605,525 $65,000
LUBBOCK $314,827 $403,125 $487,250 $605,525 $173,000
LYNN $314,827 $403,125 $487,250 $605,525 $173,000
MADISON $314,827 $403,125 $487,250 $605,525 $124,000
MARION $314,827 $403,125 $487,250 $605,525 $113,000
MARTIN $318,550 $407,800 $492,950 $612,600 $277,000
MASON $314,827 $403,125 $487,250 $605,525 $216,000
MATAGORDA $314,827 $403,125 $487,250 $605,525 $144,000
MAVERICK $314,827 $403,125 $487,250 $605,525 $128,000
MCCULLOCH $314,827 $403,125 $487,250 $605,525 $86,000
MCLENNAN $314,827 $403,125 $487,250 $605,525 $176,000
MCMULLEN $314,827 $403,125 $487,250 $605,525 $124,000
MEDINA $359,950 $460,800 $557,000 $692,200 $313,000
MENARD $314,827 $403,125 $487,250 $605,525 $64,000
MIDLAND $318,550 $407,800 $492,950 $612,600 $277,000
MILAM $314,827 $403,125 $487,250 $605,525 $114,000
MILLS $314,827 $403,125 $487,250 $605,525 $140,000
MITCHELL $314,827 $403,125 $487,250 $605,525 $67,000
MONTAGUE $314,827 $403,125 $487,250 $605,525 $95,000
MONTGOMERY $331,200 $424,000 $512,500 $636,900 $284,000
MOORE $314,827 $403,125 $487,250 $605,525 $112,000
MORRIS $314,827 $403,125 $487,250 $605,525 $76,000
MOTLEY $314,827 $403,125 $487,250 $605,525 $63,000
NACOGDOCHES $314,827 $403,125 $487,250 $605,525 $142,000
NAVARRO $314,827 $403,125 $487,250 $605,525 $110,000
NEWTON $314,827 $403,125 $487,250 $605,525 $171,000
NOLAN $314,827 $403,125 $487,250 $605,525 $115,000
NUECES $314,827 $403,125 $487,250 $605,525 $197,000
OCHILTREE $314,827 $403,125 $487,250 $605,525 $104,000
OLDHAM $314,827 $403,125 $487,250 $605,525 $183,000
ORANGE $314,827 $403,125 $487,250 $605,525 $171,000
PALO PINTO $314,827 $403,125 $487,250 $605,525 $134,000
PANOLA $314,827 $403,125 $487,250 $605,525 $147,000
PARKER $395,600 $506,450 $612,150 $760,750 $344,000
PARMER $314,827 $403,125 $487,250 $605,525 $99,000
PECOS $314,827 $403,125 $487,250 $605,525 $80,000
POLK $314,827 $403,125 $487,250 $605,525 $118,000
POTTER $314,827 $403,125 $487,250 $605,525 $183,000
PRESIDIO $314,827 $403,125 $487,250 $605,525 $171,000
RAINS $314,827 $403,125 $487,250 $605,525 $109,000
RANDALL $314,827 $403,125 $487,250 $605,525 $183,000
REAGAN $314,827 $403,125 $487,250 $605,525 $144,000
REAL $314,827 $403,125 $487,250 $605,525 $150,000
RED RIVER $314,827 $403,125 $487,250 $605,525 $80,000
REEVES $314,827 $403,125 $487,250 $605,525 $71,000
REFUGIO $314,827 $403,125 $487,250 $605,525 $144,000
ROBERTS $314,827 $403,125 $487,250 $605,525 $136,000
ROBERTSON $314,827 $403,125 $487,250 $605,525 $233,000
ROCKWALL $395,600 $506,450 $612,150 $760,750 $344,000
RUNNELS $314,827 $403,125 $487,250 $605,525 $82,000
RUSK $314,827 $403,125 $487,250 $605,525 $159,000
SABINE $314,827 $403,125 $487,250 $605,525 $89,000
SAN AUGUSTINE $314,827 $403,125 $487,250 $605,525 $104,000
SAN JACINTO $314,827 $403,125 $487,250 $605,525 $91,000
SAN PATRICIO $314,827 $403,125 $487,250 $605,525 $197,000
SAN SABA $314,827 $403,125 $487,250 $605,525 $82,000
SCHLEICHER $314,827 $403,125 $487,250 $605,525 $77,000
SCURRY $314,827 $403,125 $487,250 $605,525 $106,000
SHACKELFORD $314,827 $403,125 $487,250 $605,525 $87,000
SHELBY $314,827 $403,125 $487,250 $605,525 $101,000
SHERMAN $314,827 $403,125 $487,250 $605,525 $94,000
SMITH $314,827 $403,125 $487,250 $605,525 $192,000
SOMERVELL $395,600 $506,450 $612,150 $760,750 $344,000
STARR $314,827 $403,125 $487,250 $605,525 $66,000
STEPHENS $314,827 $403,125 $487,250 $605,525 $77,000
STERLING $314,827 $403,125 $487,250 $605,525 $114,000
STONEWALL $314,827 $403,125 $487,250 $605,525 $62,000
SUTTON $314,827 $403,125 $487,250 $605,525 $105,000
SWISHER $314,827 $403,125 $487,250 $605,525 $82,000
TARRANT $395,600 $506,450 $612,150 $760,750 $344,000
TAYLOR $314,827 $403,125 $487,250 $605,525 $163,000
TERRELL $314,827 $403,125 $487,250 $605,525 $102,000
TERRY $314,827 $403,125 $487,250 $605,525 $75,000
THROCKMORTON $314,827 $403,125 $487,250 $605,525 $97,000
TITUS $314,827 $403,125 $487,250 $605,525 $147,000
TOM GREEN $314,827 $403,125 $487,250 $605,525 $160,000
TRAVIS $389,850 $499,050 $603,250 $749,700 $339,000
TRINITY $314,827 $403,125 $487,250 $605,525 $147,000
TYLER $314,827 $403,125 $487,250 $605,525 $113,000
UPSHUR $314,827 $403,125 $487,250 $605,525 $159,000
UPTON $314,827 $403,125 $487,250 $605,525 $82,000
UVALDE $314,827 $403,125 $487,250 $605,525 $139,000
VAL VERDE $314,827 $403,125 $487,250 $605,525 $142,000
VAN ZANDT $314,827 $403,125 $487,250 $605,525 $140,000
VICTORIA $314,827 $403,125 $487,250 $605,525 $175,000
WALKER $314,827 $403,125 $487,250 $605,525 $147,000
WALLER $331,200 $424,000 $512,500 $636,900 $284,000
WARD $314,827 $403,125 $487,250 $605,525 $179,000
WASHINGTON $314,827 $403,125 $487,250 $605,525 $198,000
WEBB $314,827 $403,125 $487,250 $605,525 $167,000
WHARTON $314,827 $403,125 $487,250 $605,525 $147,000
WHEELER $314,827 $403,125 $487,250 $605,525 $98,000
WICHITA $314,827 $403,125 $487,250 $605,525 $163,000
WILBARGER $314,827 $403,125 $487,250 $605,525 $89,000
WILLACY $314,827 $403,125 $487,250 $605,525 $87,000
WILLIAMSON $389,850 $499,050 $603,250 $749,700 $339,000
WILSON $359,950 $460,800 $557,000 $692,200 $313,000
WINKLER $314,827 $403,125 $487,250 $605,525 $105,000
WISE $395,600 $506,450 $612,150 $760,750 $344,000
WOOD $314,827 $403,125 $487,250 $605,525 $139,000
YOAKUM $314,827 $403,125 $487,250 $605,525 $154,000
YOUNG $314,827 $403,125 $487,250 $605,525 $114,000
ZAPATA $314,827 $403,125 $487,250 $605,525 $53,000
ZAVALA $314,827 $403,125 $487,250 $605,525 $13,000

How are FHA loan limits set?

The FHA sets a range of loan limits each year based on the housing market. For 2019, loan limits for single-family properties range from $314,827 at the low end to $726,525 for homes in high-cost areas. Loan limits can vary across the state, as is the case in Texas.

For instance, FHA loans in Bowie County, which is in the Texarkana metropolitan area, are capped at $314,827. But Collin County, part of the Dallas-Fort Worth-Arlington metropolitan area, has an FHA loan limit of $395,600. The difference is due to their median home-sale prices. Bowie County’s median sale price is $139,000, while Collin County’s is $344,000. To find out the loan limits for single- and multi-family properties in your county, see the Department of Housing and Urban Development’s (HUD) online FHA Mortgage Limits search tool.

Do you qualify for an FHA loan in Texas?

For an in-depth look at FHA loans overall, check out our complete guide. It covers borrower requirements, the pros and cons of FHA loans and the different types of products offered by the FHA.

Advertiser Disclosure: The products that appear on this site may be from companies from which MagnifyMoney receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). MagnifyMoney does not include all financial institutions or all products offered available in the marketplace.

Casey Hynes
Casey Hynes |

Casey Hynes is a writer at MagnifyMoney. You can email Casey here

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Source: https://www.magnifymoney.com/blog/mortgage/fha-loan-limits-in-texas/

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