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2021 FHA Loan Limits in Louisiana

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Louisiana doesn’t have any “high cost” areas when it comes to FHA loan limits. The federal government set the maximum amount a Louisiana homebuyer can borrow with an FHA loan at $356,362 for a single-family home across the entire state.

For anyone considering buying a home in Louisiana to enjoy the state’s warm climate, delicious food and rich jazz history, now may be the perfect time to start looking. Thanks to the Federal Housing Administration (FHA), some Louisiana homebuyers can qualify for federally backed loans to help get them into a new house. This year, Louisianians will be able to borrow more with an FHA loan to make their homebuying dreams come true.

Louisiana FHA loan limits by county

FHA Loan Limits in Louisiana
County Name One-Family Two-Family Three-Family Four-Family Median Sale Price
Acadia $356,362 $456,275 $551,500 $685,400 $187,000
Allen $356,362 $456,275 $551,500 $685,400 $102,000
Ascension $356,362 $456,275 $551,500 $685,400 $229,000
Assumption $356,362 $456,275 $551,500 $685,400 $229,000
Avoyelles $356,362 $456,275 $551,500 $685,400 $62,000
Beauregard $356,362 $456,275 $551,500 $685,400 $145,000
Bienville $356,362 $456,275 $551,500 $685,400 $55,000
Bossier $356,362 $456,275 $551,500 $685,400 $190,000
Caddo $356,362 $456,275 $551,500 $685,400 $190,000
Calcasieu $356,362 $456,275 $551,500 $685,400 $160,000
Caldwell $356,362 $456,275 $551,500 $685,400 $45,000
Cameron $356,362 $456,275 $551,500 $685,400 $160,000
Catahoula $356,362 $456,275 $551,500 $685,400 $40,000
Claiborne $356,362 $456,275 $551,500 $685,400 $70,000
Concordia $356,362 $456,275 $551,500 $685,400 $104,000
De Soto $356,362 $456,275 $551,500 $685,400 $190,000
East Baton Roug $356,362 $456,275 $551,500 $685,400 $229,000
East Carroll $356,362 $456,275 $551,500 $685,400 $83,000
East Feliciana $356,362 $456,275 $551,500 $685,400 $229,000
Evangeline $356,362 $456,275 $551,500 $685,400 $55,000
Franklin $356,362 $456,275 $551,500 $685,400 $56,000
Grant $356,362 $456,275 $551,500 $685,400 $135,000
Iberia $356,362 $456,275 $551,500 $685,400 $187,000
Iberville $356,362 $456,275 $551,500 $685,400 $229,000
Jackson $356,362 $456,275 $551,500 $685,400 $80,000
Jefferson $356,362 $456,275 $551,500 $685,400 $279,000
Jefferson Davis $356,362 $456,275 $551,500 $685,400 $82,000
Lafayette $356,362 $456,275 $551,500 $685,400 $187,000
Lafourche $356,362 $456,275 $551,500 $685,400 $150,000
Lasalle $356,362 $456,275 $551,500 $685,400 $128,000
Lincoln $356,362 $456,275 $551,500 $685,400 $185,000
Livingston $356,362 $456,275 $551,500 $685,400 $229,000
Madison $356,362 $456,275 $551,500 $685,400 $72,000
Morehouse $356,362 $456,275 $551,500 $685,400 $158,000
Natchitoches $356,362 $456,275 $551,500 $685,400 $125,000
Orleans $356,362 $456,275 $551,500 $685,400 $279,000
Ouachita $356,362 $456,275 $551,500 $685,400 $158,000
Plaquemines $356,362 $456,275 $551,500 $685,400 $279,000
Pointe Coupee $356,362 $456,275 $551,500 $685,400 $229,000
Rapides $356,362 $456,275 $551,500 $685,400 $135,000
Red River $356,362 $456,275 $551,500 $685,400 $89,000
Richland $356,362 $456,275 $551,500 $685,400 $207,000
Sabine $356,362 $456,275 $551,500 $685,400 $85,000
St. Bernard $356,362 $456,275 $551,500 $685,400 $279,000
St. Charles $356,362 $456,275 $551,500 $685,400 $279,000
St. Helena $356,362 $456,275 $551,500 $685,400 $229,000
St. James $356,362 $456,275 $551,500 $685,400 $279,000
St. John The Ba $356,362 $456,275 $551,500 $685,400 $279,000
St. Landry $356,362 $456,275 $551,500 $685,400 $65,000
St. Martin $356,362 $456,275 $551,500 $685,400 $187,000

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 Louisiana?

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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