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2021 FHA Loan Limits in Wisconsin

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The FHA loan limit in Wisconsin has increased up to $356,362 and $402,500 for a single-family home, depending on the county. The lower number applies to less costly rural areas, while homebuyers in Pierce and St. Croix counties might be able to qualify for the upper limit. Folks looking to buy in the Milwaukee metropolitan area may qualify for up to $362,250, while those in Kenosha County may be able to borrow $379,500.

If you have homeownership in the Badger State at top of mind, now may be an ideal time to buy a home or refinance. Thanks to the Federal Housing Administration (FHA), some Wisconsinites can qualify for federally backed loans to help get them into a home. This year, residents will be able to borrow more with an FHA loan in some areas, helping them afford more house than before.

Wisconsin FHA loan limits by county

FHA Loan Limits in Wisconsin
County Name One-Family Two-Family Three-Family Four-Family Median Sale Price
Adams $356,362 $456,275 $551,500 $685,400 $65,000
Ashland $356,362 $456,275 $551,500 $685,400 $80,000
Barron $356,362 $456,275 $551,500 $685,400 $135,000
Bayfield $356,362 $456,275 $551,500 $685,400 $115,000
Brown $356,362 $456,275 $551,500 $685,400 $185,000
Buffalo $356,362 $456,275 $551,500 $685,400 $110,000
Burnett $356,362 $456,275 $551,500 $685,400 $102,000
Calumet $356,362 $456,275 $551,500 $685,400 $205,000
Chippewa $356,362 $456,275 $551,500 $685,400 $190,000
Clark $356,362 $456,275 $551,500 $685,400 $95,000
Columbia $356,362 $456,275 $551,500 $685,400 $301,000
Crawford $356,362 $456,275 $551,500 $685,400 $103,000
Dane $356,362 $456,275 $551,500 $685,400 $301,000
Dodge $356,362 $456,275 $551,500 $685,400 $159,000
Door $356,362 $456,275 $551,500 $685,400 $159,000
Douglas $356,362 $456,275 $551,500 $685,400 $162,000
Dunn $356,362 $456,275 $551,500 $685,400 $160,000
Eau Claire $356,362 $456,275 $551,500 $685,400 $190,000
Florence $356,362 $456,275 $551,500 $685,400 $85,000
Fond Du Lac $356,362 $456,275 $551,500 $685,400 $138,000
Forest $356,362 $456,275 $551,500 $685,400 $68,000
Grant $356,362 $456,275 $551,500 $685,400 $123,000
Green $356,362 $456,275 $551,500 $685,400 $301,000
Green Lake $356,362 $456,275 $551,500 $685,400 $130,000
Iowa $356,362 $456,275 $551,500 $685,400 $301,000
Iron $356,362 $456,275 $551,500 $685,400 $75,000
Jackson $356,362 $456,275 $551,500 $685,400 $105,000
Jefferson $356,362 $456,275 $551,500 $685,400 $198,000
Juneau $356,362 $456,275 $551,500 $685,400 $84,000
Kenosha $379,500 $485,800 $587,250 $729,800 $330,000
Kewaunee $356,362 $456,275 $551,500 $685,400 $185,000
La Crosse $356,362 $456,275 $551,500 $685,400 $188,000
Lafayette $356,362 $456,275 $551,500 $685,400 $110,000
Langlade $356,362 $456,275 $551,500 $685,400 $79,000
Lincoln $356,362 $456,275 $551,500 $685,400 $152,000
Manitowoc $356,362 $456,275 $551,500 $685,400 $118,000
Marathon $356,362 $456,275 $551,500 $685,400 $152,000
Marinette $356,362 $456,275 $551,500 $685,400 $87,000
Marquette $356,362 $456,275 $551,500 $685,400 $110,000
Menominee $356,362 $456,275 $551,500 $685,400 $133,000
Milwaukee $362,250 $463,750 $560,550 $696,650 $315,000
Monroe $356,362 $456,275 $551,500 $685,400 $150,000
Oconto $356,362 $456,275 $551,500 $685,400 $185,000
Oneida $356,362 $456,275 $551,500 $685,400 $140,000
Outagamie $356,362 $456,275 $551,500 $685,400 $205,000
Ozaukee $362,250 $463,750 $560,550 $696,650 $315,000
Pepin $356,362 $456,275 $551,500 $685,400 $127,000
Pierce $402,500 $515,250 $622,850 $774,050 $350,000
Polk $356,362 $456,275 $551,500 $685,400 $165,000
Portage $356,362 $456,275 $551,500 $685,400 $169,000

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 Wisconsin?

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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