Georgia FHA Loans | Requirements | 2023 FHA Loan Limits
As a resident of the beautiful region of Georgia, your dream of owning your dream home can come true. FHA loans, backed by the FHA (Federal Housing Administration) are one of the best platform to get financial aid with least concerns to buy a home in Georgia. Gaining high popularity, one can qualify for this loan process under the most minimal requirements and get to access down payments as low as 3.5 % with credit scores of just 500.
Georgia FHA Loan Requirements
Here are the mandatory requirements to be able to qualify for the FHA loans in Georgia. If you need any assistance in figuring out your eligibility for an FHA loan, we can help. To get a call back from a reliable FHA lender, request a free consultation.
Here are the mandatory requirements to be able to qualify for the FHA loans in Georgia. If you need any assistance in figuring out your eligibility for an FHA loan, we can help. To get a call back from a reliable FHA lender, request a free consultation.
- Credit Score– There are two ranges of down payment to qualify for under the FHA loan system. For 3.5% down payment, a credit score of 580 or higher is needed while for 10% down payment,a credit score range between 500-579 is needed.
- Job History – Borrowers need to produce an employment proof of minimum 2 years in consistency to qualify. In case of job changes, a consistent employment and income record is important.
- Financial Statements– Borrowers need to keep all their financial documents by their sides. Right from two most recent bank statements to pay stubs, and tax returns.
- Debt-to-Income– FHA loans are applicable only for individuals with a debt-to-income ratio lesser than 43%. However, under special conditions or “compensating factors,”The FHA (Federal Housing Administration), borrowers can be eligible, too. This includes- substantial savings, longer job history, or great credit scores.
- Primary Residence– This is a major qualification to qualify for the FHA loans. Individual’s willing to buy a primary residence are only eligible to qualify under the FHA loans. The borrower must immediately occupy the home, immediately after the purchase. Borrowers intended to buy investment property, second home, or vacation home will not qualify for it.
- Mortgage Insurance– Generally two types of mortgage insurances imply on the FHA loans, irrespective of the lender, one borrows their money from. These insurances include- the UPMIP (Upfront Mortgage Insurance Premium) and the regular MIP (Mortgage Insurance Premium). FHA MIP works like the PMI (Private Mortgage Insurance) over the conventional loan acts. Use this FHA Loan Calculator to get an estimate of your monthly payments and mortgage insurance costs.
- FHA Loan Limits– There are set maximum lending limits for the FHA loans based on the county levels and the geographical locations. You can check the maximum lending limits for your area from the given below list of FHA loan limits for all counties in Georgia.
Wish to validate your qualifications for an FHA loan? Our experts can help you match the expectations of your mortgage lenders offering FHA loans in Georgia. To get a call back from the best FHA lender, request a free consultation.
2023 Georgia FHA Loan Limits
Below are the 2023 FHA loan limits for every county in Georgia:
| County | Single Family | 2 Family | 3 Family | 4 Family |
|---|---|---|---|---|
| APPLING | $472,030 | $604,400 | $730,525 | $907,900 |
| ATKINSON | $472,030 | $604,400 | $730,525 | $907,900 |
| BACON | $472,030 | $604,400 | $730,525 | $907,900 |
| BAKER | $472,030 | $604,400 | $730,525 | $907,900 |
| BALDWIN | $472,030 | $604,400 | $730,525 | $907,900 |
| BANKS | $472,030 | $604,400 | $730,525 | $907,900 |
| BARROW | $592,250 | $758,200 | $916,450 | $1,138,950 |
| BARTOW | $592,250 | $758,200 | $916,450 | $1,138,950 |
| BEN HILL | $472,030 | $604,400 | $730,525 | $907,900 |
| BERRIEN | $472,030 | $604,400 | $730,525 | $907,900 |
| BIBB | $472,030 | $604,400 | $730,525 | $907,900 |
| BLECKLEY | $472,030 | $604,400 | $730,525 | $907,900 |
| BRANTLEY | $472,030 | $604,400 | $730,525 | $907,900 |
| BROOKS | $472,030 | $604,400 | $730,525 | $907,900 |
| BRYAN | $472,030 | $604,400 | $730,525 | $907,900 |
| BULLOCH | $472,030 | $604,400 | $730,525 | $907,900 |
| BURKE | $472,030 | $604,400 | $730,525 | $907,900 |
| BUTTS | $592,250 | $758,200 | $916,450 | $1,138,950 |
| CALHOUN | $472,030 | $604,400 | $730,525 | $907,900 |
| CAMDEN | $472,030 | $604,400 | $730,525 | $907,900 |
| CANDLER | $472,030 | $604,400 | $730,525 | $907,900 |
| CARROLL | $592,250 | $758,200 | $916,450 | $1,138,950 |
| CATOOSA | $472,030 | $604,400 | $730,525 | $907,900 |
| CHARLTON | $472,030 | $604,400 | $730,525 | $907,900 |
| CHATHAM | $472,030 | $604,400 | $730,525 | $907,900 |
| CHATTAHOOCHEE | $472,030 | $604,400 | $730,525 | $907,900 |
| CHATTOOGA | $472,030 | $604,400 | $730,525 | $907,900 |
| CHEROKEE | $592,250 | $758,200 | $916,450 | $1,138,950 |
| CLARKE | $516,350 | $661,000 | $799,000 | $993,000 |
| CLAY | $472,030 | $604,400 | $730,525 | $907,900 |
| CLAYTON | $592,250 | $758,200 | $916,450 | $1,138,950 |
| CLINCH | $472,030 | $604,400 | $730,525 | $907,900 |
| COBB | $592,250 | $758,200 | $916,450 | $1,138,950 |
| COFFEE | $472,030 | $604,400 | $730,525 | $907,900 |
| COLQUITT | $472,030 | $604,400 | $730,525 | $907,900 |
| COLUMBIA | $472,030 | $604,400 | $730,525 | $907,900 |
| COOK | $472,030 | $604,400 | $730,525 | $907,900 |
| COWETA | $592,250 | $758,200 | $916,450 | $1,138,950 |
| CRAWFORD | $472,030 | $604,400 | $730,525 | $907,900 |
| CRISP | $472,030 | $604,400 | $730,525 | $907,900 |
| DADE | $472,030 | $604,400 | $730,525 | $907,900 |
| DAWSON | $592,250 | $758,200 | $916,450 | $1,138,950 |
| DECATUR | $472,030 | $604,400 | $730,525 | $907,900 |
| DEKALB | $592,250 | $758,200 | $916,450 | $1,138,950 |
| DODGE | $472,030 | $604,400 | $730,525 | $907,900 |
| DOOLY | $472,030 | $604,400 | $730,525 | $907,900 |
| DOUGHERTY | $472,030 | $604,400 | $730,525 | $907,900 |
| DOUGLAS | $592,250 | $758,200 | $916,450 | $1,138,950 |
| EARLY | $472,030 | $604,400 | $730,525 | $907,900 |
| ECHOLS | $472,030 | $604,400 | $730,525 | $907,900 |
| EFFINGHAM | $472,030 | $604,400 | $730,525 | $907,900 |
| ELBERT | $472,030 | $604,400 | $730,525 | $907,900 |
| EMANUEL | $472,030 | $604,400 | $730,525 | $907,900 |
| EVANS | $472,030 | $604,400 | $730,525 | $907,900 |
| FANNIN | $472,030 | $604,400 | $730,525 | $907,900 |
| FAYETTE | $592,250 | $758,200 | $916,450 | $1,138,950 |
| FLOYD | $472,030 | $604,400 | $730,525 | $907,900 |
| FORSYTH | $592,250 | $758,200 | $916,450 | $1,138,950 |
| FRANKLIN | $472,030 | $604,400 | $730,525 | $907,900 |
| FULTON | $592,250 | $758,200 | $916,450 | $1,138,950 |
| GILMER | $472,030 | $604,400 | $730,525 | $907,900 |
| GLASCOCK | $472,030 | $604,400 | $730,525 | $907,900 |
| GLYNN | $472,030 | $604,400 | $730,525 | $907,900 |
| GORDON | $472,030 | $604,400 | $730,525 | $907,900 |
| GRADY | $472,030 | $604,400 | $730,525 | $907,900 |
| GREENE | $515,200 | $659,550 | $797,250 | $990,800 |
| GWINNETT | $592,250 | $758,200 | $916,450 | $1,138,950 |
| HABERSHAM | $472,030 | $604,400 | $730,525 | $907,900 |
| HALL | $472,030 | $604,400 | $730,525 | $907,900 |
| HANCOCK | $472,030 | $604,400 | $730,525 | $907,900 |
| HARALSON | $592,250 | $758,200 | $916,450 | $1,138,950 |
| HARRIS | $472,030 | $604,400 | $730,525 | $907,900 |
| HART | $472,030 | $604,400 | $730,525 | $907,900 |
| HEARD | $592,250 | $758,200 | $916,450 | $1,138,950 |
| HENRY | $592,250 | $758,200 | $916,450 | $1,138,950 |
| HOUSTON | $472,030 | $604,400 | $730,525 | $907,900 |
| IRWIN | $472,030 | $604,400 | $730,525 | $907,900 |
| JACKSON | $472,030 | $604,400 | $730,525 | $907,900 |
| JASPER | $592,250 | $758,200 | $916,450 | $1,138,950 |
| JEFF DAVIS | $472,030 | $604,400 | $730,525 | $907,900 |
| JEFFERSON | $472,030 | $604,400 | $730,525 | $907,900 |
| JENKINS | $472,030 | $604,400 | $730,525 | $907,900 |
| JOHNSON | $472,030 | $604,400 | $730,525 | $907,900 |
| JONES | $472,030 | $604,400 | $730,525 | $907,900 |
| LAMAR | $592,250 | $758,200 | $916,450 | $1,138,950 |
| LANIER | $472,030 | $604,400 | $730,525 | $907,900 |
| LAURENS | $472,030 | $604,400 | $730,525 | $907,900 |
| LEE | $472,030 | $604,400 | $730,525 | $907,900 |
| LIBERTY | $472,030 | $604,400 | $730,525 | $907,900 |
| LINCOLN | $472,030 | $604,400 | $730,525 | $907,900 |
| LONG | $472,030 | $604,400 | $730,525 | $907,900 |
| LOWNDES | $472,030 | $604,400 | $730,525 | $907,900 |
| LUMPKIN | $472,030 | $604,400 | $730,525 | $907,900 |
| MCDUFFIE | $472,030 | $604,400 | $730,525 | $907,900 |
| MCINTOSH | $472,030 | $604,400 | $730,525 | $907,900 |
| MACON | $472,030 | $604,400 | $730,525 | $907,900 |
| MADISON | $516,350 | $661,000 | $799,000 | $993,000 |
| MARION | $472,030 | $604,400 | $730,525 | $907,900 |
| MERIWETHER | $592,250 | $758,200 | $916,450 | $1,138,950 |
| MILLER | $472,030 | $604,400 | $730,525 | $907,900 |
| MITCHELL | $472,030 | $604,400 | $730,525 | $907,900 |
| MONROE | $472,030 | $604,400 | $730,525 | $907,900 |
| MONTGOMERY | $472,030 | $604,400 | $730,525 | $907,900 |
| MORGAN | $592,250 | $758,200 | $916,450 | $1,138,950 |
| MURRAY | $472,030 | $604,400 | $730,525 | $907,900 |
| MUSCOGEE | $472,030 | $604,400 | $730,525 | $907,900 |
| NEWTON | $592,250 | $758,200 | $916,450 | $1,138,950 |
| OCONEE | $516,350 | $661,000 | $799,000 | $993,000 |
| OGLETHORPE | $516,350 | $661,000 | $799,000 | $993,000 |
| PAULDING | $592,250 | $758,200 | $916,450 | $1,138,950 |
| PEACH | $472,030 | $604,400 | $730,525 | $907,900 |
| PICKENS | $592,250 | $758,200 | $916,450 | $1,138,950 |
| PIERCE | $472,030 | $604,400 | $730,525 | $907,900 |
| PIKE | $592,250 | $758,200 | $916,450 | $1,138,950 |
| POLK | $472,030 | $604,400 | $730,525 | $907,900 |
| PULASKI | $472,030 | $604,400 | $730,525 | $907,900 |
| PUTNAM | $472,030 | $604,400 | $730,525 | $907,900 |
| QUITMAN | $472,030 | $604,400 | $730,525 | $907,900 |
| RABUN | $472,030 | $604,400 | $730,525 | $907,900 |
| RANDOLPH | $472,030 | $604,400 | $730,525 | $907,900 |
| RICHMOND | $472,030 | $604,400 | $730,525 | $907,900 |
| ROCKDALE | $592,250 | $758,200 | $916,450 | $1,138,950 |
| SCHLEY | $472,030 | $604,400 | $730,525 | $907,900 |
| SCREVEN | $472,030 | $604,400 | $730,525 | $907,900 |
| SEMINOLE | $472,030 | $604,400 | $730,525 | $907,900 |
| SPALDING | $592,250 | $758,200 | $916,450 | $1,138,950 |
| STEPHENS | $472,030 | $604,400 | $730,525 | $907,900 |
| STEWART | $472,030 | $604,400 | $730,525 | $907,900 |
| SUMTER | $472,030 | $604,400 | $730,525 | $907,900 |
| TALBOT | $472,030 | $604,400 | $730,525 | $907,900 |
| TALIAFERRO | $472,030 | $604,400 | $730,525 | $907,900 |
| TATTNALL | $472,030 | $604,400 | $730,525 | $907,900 |
| TAYLOR | $472,030 | $604,400 | $730,525 | $907,900 |
| TELFAIR | $472,030 | $604,400 | $730,525 | $907,900 |
| TERRELL | $472,030 | $604,400 | $730,525 | $907,900 |
| THOMAS | $472,030 | $604,400 | $730,525 | $907,900 |
| TIFT | $472,030 | $604,400 | $730,525 | $907,900 |
| TOOMBS | $472,030 | $604,400 | $730,525 | $907,900 |
| TOWNS | $472,030 | $604,400 | $730,525 | $907,900 |
| TREUTLEN | $472,030 | $604,400 | $730,525 | $907,900 |
| TROUP | $472,030 | $604,400 | $730,525 | $907,900 |
| TURNER | $472,030 | $604,400 | $730,525 | $907,900 |
| TWIGGS | $472,030 | $604,400 | $730,525 | $907,900 |
| UNION | $472,030 | $604,400 | $730,525 | $907,900 |
| UPSON | $472,030 | $604,400 | $730,525 | $907,900 |
| WALKER | $472,030 | $604,400 | $730,525 | $907,900 |
| WALTON | $592,250 | $758,200 | $916,450 | $1,138,950 |
| WARE | $472,030 | $604,400 | $730,525 | $907,900 |
| WARREN | $472,030 | $604,400 | $730,525 | $907,900 |
| WASHINGTON | $472,030 | $604,400 | $730,525 | $907,900 |
| WAYNE | $472,030 | $604,400 | $730,525 | $907,900 |
| WEBSTER | $472,030 | $604,400 | $730,525 | $907,900 |
| WHEELER | $472,030 | $604,400 | $730,525 | $907,900 |
| WHITE | $472,030 | $604,400 | $730,525 | $907,900 |
| WHITFIELD | $472,030 | $604,400 | $730,525 | $907,900 |
| WILCOX | $472,030 | $604,400 | $730,525 | $907,900 |
| WILKES | $472,030 | $604,400 | $730,525 | $907,900 |
| WILKINSON | $472,030 | $604,400 | $730,525 | $907,900 |
| WORTH | $472,030 | $604,400 | $730,525 | $907,900 |