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2021 FHA Loan Limits in Missouri

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In 2020, the FHA loan limit for a single-family home in most counties in Missouri has risen to $356,362. The federal government has raised the maximum amount a Missouri homebuyer can borrow with an FHA loan in the some higher-cost counties to $389,850.

If you’re thinking about homeownership in Missouri, now may be the time to get serious with your home search. And thanks to the Federal Housing Administration (FHA), aspiring and current homeowners can qualify for federally backed loans to help get them into a new house with a lower credit score or down payment amount. This year, Minnesota residents will be able to borrow even more with an FHA loan.

Missouri FHA loan limits by county

FHA Loan Limits in Missouri
County Name One-Family Two-Family Three-Family Four-Family Median Sale Price
Adair $356,362 $456,275 $551,500 $685,400 $141,000
Andrew $356,362 $456,275 $551,500 $685,400 $164,000
Atchison $356,362 $456,275 $551,500 $685,400 $135,000
Audrain $356,362 $456,275 $551,500 $685,400 $107,000
Barry $356,362 $456,275 $551,500 $685,400 $136,000
Barton $356,362 $456,275 $551,500 $685,400 $93,000
Bates $389,850 $499,050 $603,250 $749,700 $339,000
Benton $356,362 $456,275 $551,500 $685,400 $135,000
Bollinger $356,362 $456,275 $551,500 $685,400 $176,000
Boone $356,362 $456,275 $551,500 $685,400 $226,000
Buchanan $356,362 $456,275 $551,500 $685,400 $164,000
Butler $356,362 $456,275 $551,500 $685,400 $135,000
Caldwell $389,850 $499,050 $603,250 $749,700 $339,000
Callaway $356,362 $456,275 $551,500 $685,400 $176,000
Camden $356,362 $456,275 $551,500 $685,400 $251,000
Cape Girardeau $356,362 $456,275 $551,500 $685,400 $176,000
Carroll $356,362 $456,275 $551,500 $685,400 $98,000
Carter $356,362 $456,275 $551,500 $685,400 $116,000
Cass $389,850 $499,050 $603,250 $749,700 $339,000
Cedar $356,362 $456,275 $551,500 $685,400 $121,000
Chariton $356,362 $456,275 $551,500 $685,400 $94,000
Christian $356,362 $456,275 $551,500 $685,400 $220,000
Clark $356,362 $456,275 $551,500 $685,400 $86,000
Clay $389,850 $499,050 $603,250 $749,700 $339,000
Clinton $389,850 $499,050 $603,250 $749,700 $339,000
Cole $356,362 $456,275 $551,500 $685,400 $176,000
Cooper $356,362 $456,275 $551,500 $685,400 $226,000
Crawford $356,362 $456,275 $551,500 $685,400 $145,000
Dade $356,362 $456,275 $551,500 $685,400 $94,000
Dallas $356,362 $456,275 $551,500 $685,400 $220,000
Daviess $356,362 $456,275 $551,500 $685,400 $125,000
Dekalb $356,362 $456,275 $551,500 $685,400 $164,000
Dent $356,362 $456,275 $551,500 $685,400 $129,000
Douglas $356,362 $456,275 $551,500 $685,400 $137,000
Dunklin $356,362 $456,275 $551,500 $685,400 $60,000
Franklin $356,362 $456,275 $551,500 $685,400 $261,000
Gasconade $356,362 $456,275 $551,500 $685,400 $138,000
Gentry $356,362 $456,275 $551,500 $685,400 $90,000
Greene $356,362 $456,275 $551,500 $685,400 $220,000
Grundy $356,362 $456,275 $551,500 $685,400 $89,000
Harrison $356,362 $456,275 $551,500 $685,400 $123,000
Henry $356,362 $456,275 $551,500 $685,400 $119,000
Hickory $356,362 $456,275 $551,500 $685,400 $110,000
Holt $356,362 $456,275 $551,500 $685,400 $138,000
Howard $356,362 $456,275 $551,500 $685,400 $226,000
Howell $356,362 $456,275 $551,500 $685,400 $143,000
Iron $356,362 $456,275 $551,500 $685,400 $97,000
Jackson $389,850 $499,050 $603,250 $749,700 $339,000
Jasper $356,362 $456,275 $551,500 $685,400 $155,000
Jefferson $356,362 $456,275 $551,500 $685,400 $261,000

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 Missouri?

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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