Home LoansFHA Loans

2021 FHA Loan Limits in Oklahoma

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been previewed, commissioned or otherwise endorsed by any of our network partners.

The federal government has set the maximum amount an Oklahoma homebuyer can borrow with an FHA loan at $356,362 for a single-family home for counties across the state in 2020.

If you’re dreaming about buying a house in the Sooner State, this might be a good time to do so with affordable mortgage financing. And thanks to the Federal Housing Administration (FHA), some Oklahomans can qualify for federally backed loans with lower credit score and down payment requirements. This year, Oklahoma residents will be able to borrow even more with an FHA loan.

Oklahoma FHA loan limits by county

FHA Loan Limits in Oklahoma
County Name One-Family Two-Family Three-Family Four-Family Median Sale Price
Adair $356,362 $456,275 $551,500 $685,400 $40,000
Alfalfa $356,362 $456,275 $551,500 $685,400 $34,000
Atoka $356,362 $456,275 $551,500 $685,400 $58,000
Beaver $356,362 $456,275 $551,500 $685,400 $52,000
Beckham $356,362 $456,275 $551,500 $685,400 $115,000
Blaine $356,362 $456,275 $551,500 $685,400 $48,000
Bryan $356,362 $456,275 $551,500 $685,400 $113,000
Caddo $356,362 $456,275 $551,500 $685,400 $55,000
Canadian $356,362 $456,275 $551,500 $685,400 $176,000
Carter $356,362 $456,275 $551,500 $685,400 $92,000
Cherokee $356,362 $456,275 $551,500 $685,400 $100,000
Choctaw $356,362 $456,275 $551,500 $685,400 $54,000
Cimarron $356,362 $456,275 $551,500 $685,400 $30,000
Cleveland $356,362 $456,275 $551,500 $685,400 $176,000
Coal $356,362 $456,275 $551,500 $685,400 $44,000
Comanche $356,362 $456,275 $551,500 $685,400 $120,000
Cotton $356,362 $456,275 $551,500 $685,400 $120,000
Craig $356,362 $456,275 $551,500 $685,400 $73,000
Creek $356,362 $456,275 $551,500 $685,400 $177,000
Custer $356,362 $456,275 $551,500 $685,400 $120,000
Delaware $356,362 $456,275 $551,500 $685,400 $140,000
Dewey $356,362 $456,275 $551,500 $685,400 $50,000
Ellis $356,362 $456,275 $551,500 $685,400 $108,000
Garfield $356,362 $456,275 $551,500 $685,400 $169,000
Garvin $356,362 $456,275 $551,500 $685,400 $70,000
Grady $356,362 $456,275 $551,500 $685,400 $176,000
Grant $356,362 $456,275 $551,500 $685,400 $35,000
Greer $356,362 $456,275 $551,500 $685,400 $35,000
Harmon $356,362 $456,275 $551,500 $685,400 $30,000
Harper $356,362 $456,275 $551,500 $685,400 $34,000
Haskell $356,362 $456,275 $551,500 $685,400 $65,000
Hughes $356,362 $456,275 $551,500 $685,400 $39,000
Jackson $356,362 $456,275 $551,500 $685,400 $105,000
Jefferson $356,362 $456,275 $551,500 $685,400 $25,000
Johnston $356,362 $456,275 $551,500 $685,400 $53,000
Kay $356,362 $456,275 $551,500 $685,400 $79,000
Kingfisher $356,362 $456,275 $551,500 $685,400 $135,000
Kiowa $356,362 $456,275 $551,500 $685,400 $55,000
Latimer $356,362 $456,275 $551,500 $685,400 $40,000
Le Flore $356,362 $456,275 $551,500 $685,400 $60,000
Lincoln $356,362 $456,275 $551,500 $685,400 $176,000
Logan $356,362 $456,275 $551,500 $685,400 $176,000
Love $356,362 $456,275 $551,500 $685,400 $92,000
Major $356,362 $456,275 $551,500 $685,400 $70,000
Marshall $356,362 $456,275 $551,500 $685,400 $75,000
Mayes $356,362 $456,275 $551,500 $685,400 $100,000
Mcclain $356,362 $456,275 $551,500 $685,400 $176,000
Mccurtain $356,362 $456,275 $551,500 $685,400 $101,000
Mcintosh $356,362 $456,275 $551,500 $685,400 $55,000
Murray $356,362 $456,275 $551,500 $685,400 $55,000

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 Oklahoma?

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.

 

Compare FHA Loans for Free