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FHA Home Loans

FHA Loan Requirements

FHA loansThe FHA, or the Federal Housing Administration, was established by the government to improve housing conditions for Americans.

An FHA mortgage can be an attractive option to many first-time home buyers, as down-payment requirements for a FHA mortgage can be less restrictive as well as other qualifying aspects.-  As little as 3.5% down (up to 96.5%)

 

–  Down payment can be 100% gift from a relative
–  Less credit restrictions
–  Lower private mortgage insurance (PMI) premiums
–  No cash reserves required.

OREGON 2024 FHA LOAN LIMITS

COUNTIES

SINGLE

DUPLEX

TRI-PLEX

4-PLEX

Baker, Coos, Crook, Curry, Douglas, Gilliam, Grant, Harney, Jackson, Jefferson, Josephine, Klamath, Lake, Lane, Lincoln, Linn, Malheur, Marion, Morrow, Polk, Sherman, Tillamook, Umatilla, Union, Wallowa, Wasco, Wheeler

$498,257

$637,950

$771,125

$958,350

Clatsop

$529,000

$677,200

$818,600

$1,017,300

Benton

$598,000

$765,550

$925,350

$1,150,000

Clackamas, Columbia, Multnomah, Washington, Yamhill

$679,650

$870,050

$1,051,700

$1,307,050

Deschutes

$690,000

$883,300

$1,067,750

$1,326,950

Hood River

$724,500

$927,500

$1,121,150

$1,393,300

WASHINGTON 2024 FHA LOAN LIMITS

COUNTIES

SINGLE

DUPLEX

TRI-PLEX

4-PLEX

Adams, Asotin, Benton, Clallam, Columbia, Cowlitz, Ferry, Franklin, Garfield, Grant, Grays Harbor, Kittitas, Klickitat, Lewis, Lincoln, Mason, Okanogan, Pacific, Pend Oreille, San Juan, Spokane, Stevens, Wahkiakum, Walla Walla, Yakima

$498,257

$637,950

$771,125

$958,350

Chelan, Douglas

$506,000

$647,750

$783,000

$973,100

Jefferson

$517,500

$662,500

$800,800

$995,200

Pullman

$529,000

$677,200

$818,600

$1,017,300

Skagit

$545,100

$697,800

$843,500

$1,048,300

Thurston

$546,250

$699,300

$845,300

$1,050,500

Kitsap

$563,500

$721,400

$872,000

$1,083,650

Island

$575,000

$736,100

$889,800

$1,105,800

Whatcom

$603,750

$772,900

$934,250

$1,161,050

Clark, Skamania

$679,650

$870,050

$1,051,700

$1,307,050

King, Pierce, Snohomish

$977,500

$1,251,400

$1,512,650

$1,879,850

IDAHO 2024 FHA LOAN LIMITS

COUNTIES

SINGLE

DUPLEX

TRI-PLEX

4-PLEX

Adams, Bannock, Bear Lake, Benewah, Bingham, Bonneville, Boundary, Butte, Caribou, Cassia, Clark, Clearwater, Custer, Elmore, Franklin, Fremont, Gooding, Idaho, Jefferson, Jerome, Latah, Lemhi, Lewis, Lincoln, Madison, Minidoka, Nez Perce, Oneida, Payette, Power, Shoshone, Twin Falls, Washington

$498,257

$637,950

$771,125

$958,350

Bonner

$523,250

$669,850

$809,700

$1,006,250

Kootenai

$572,700

$733,150

$886,200

$1,101,350

Valley

$573,850

$734,650

$888,000

$1,103,550

Ada, Boise, Canyon, Gem, Owyhee

$586,500

$750,800

$907,550

$1,127,900

Blaine, Camas 

$759,000

$971,650

$1,174,500

$1,459,650

Teton

$1,149,825

$1,472,250

$1,779,525

$2,211,600

Current Up-Front Mortgage Insurance Premium

The UPMIP is currently at 1.75% of the base loan amount. This applies regardless of the amortization term or LTV ratio.

Current Annual MIP Premium (monthly PMI factor included with payment)

Oregon Washington FHA

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