We are here to help you

Call us: 1-866-361-3406

Louisiana FHA Home Loans

FHA Mortgage Loan Programs in Louisiana
FHA Loan Requirements - 2022 FHA Loan Limits

Louisiana FHA Loan | Requirements | Loan Limits

FHA loans provide a great opportunity to buy a home in Louisiana.  The FHA (Federal Housing Administration) was created to help the average American have a chance at owning their own home.  One of the reasons that FHA loans are so popular is because of the low down payment option.  FHA loans allow you to purchase a home with only a 3.5% down payment.  There are also less strict requirements to get an FHA loan (compared to conventional loans), such as being able to qualify with a credit score as low as 500.

Louisiana FHA Loan Requirements

Below are some of the basic requirements to get an FHA loan in Louisiana.  If you would like to find out if you are eligible for an FHA loan, we can help match you with a lender.  To have an FHA lender contact you, request a free consultation.

  • Credit Score – To qualify for the 3.5% down payment, you must have a 580 credit score or higher. If your credit score is between a 500-579, you still may qualify for an FHA loan, but will be required to put 10% down.
  • Job History – Proof of employment for 2 years is required. It is ok if you have changed jobs, but you need to show consistent employment/income.
  • Financial Statements – You should expect to be required to provide your 2 most recent bank statements, pay stubs, and tax returns.
  • Debt-to-Income – You can not have a debt-to-income ratio higher than 43%.  However, if you have “compensating factors” you might be able to get approved with higher debt levels (a compensating factor could be more money in savings, longer job history, or great credit).
  • Primary Residence – You must occupy the home that you intend to purchase and have it be your primary residence. FHA loans are not available to purchase an investment property, second home, or vacation home.
  • Mortgage Insurance – All FHA loans, regardless of the lender, require two types of mortgage insurance.  This includes the UPMIP (Upfront Mortgage Insurance Premium) and the regular MIP (Mortgage Insurance Premium).  FHA MIP acts similarly to how PMI (Private Mortgage Insurance) on a conventional loan acts.  You can use this FHA loan calculator to estimate your monthly payment and mortgage insurance costs.
  • FHA Loan Limits – FHA loans have maximum lending limits, which are set at the county level. You can view the 2022 FHA loan limits for all counties in Louisiana below.

Would you like to see if you qualify for an FHA loan?  We can help match you with a mortgage lender that offers FHA loans in Louisiana.  To have an FHA lender contact you, request a free consultation.

2022 Louisiana FHA Loan Limits

Below are the 2022 FHA loan limits for every county in Louisiana:

 

County Single Family 2 Family 3 Family 4 Family
ACADIA $420,680 $538,650 $651,050 $809,150
ALLEN $420,680 $538,650 $651,050 $809,150
ASCENSION $420,680 $538,650 $651,050 $809,150
ASSUMPTION $420,680 $538,650 $651,050 $809,150
AVOYELLES $420,680 $538,650 $651,050 $809,150
BEAUREGARD $420,680 $538,650 $651,050 $809,150
BIENVILLE $420,680 $538,650 $651,050 $809,150
BOSSIER $420,680 $538,650 $651,050 $809,150
CADDO $420,680 $538,650 $651,050 $809,150
CALCASIEU $420,680 $538,650 $651,050 $809,150
CALDWELL $420,680 $538,650 $651,050 $809,150
CAMERON $420,680 $538,650 $651,050 $809,150
CATAHOULA $420,680 $538,650 $651,050 $809,150
CLAIBORNE $420,680 $538,650 $651,050 $809,150
CONCORDIA $420,680 $538,650 $651,050 $809,150
DE SOTO $420,680 $538,650 $651,050 $809,150
EAST BATON ROUG $420,680 $538,650 $651,050 $809,150
EAST CARROLL $420,680 $538,650 $651,050 $809,150
EAST FELICIANA $420,680 $538,650 $651,050 $809,150
EVANGELINE $420,680 $538,650 $651,050 $809,150
FRANKLIN $420,680 $538,650 $651,050 $809,150
GRANT $420,680 $538,650 $651,050 $809,150
IBERIA $420,680 $538,650 $651,050 $809,150
IBERVILLE $420,680 $538,650 $651,050 $809,150
JACKSON $420,680 $538,650 $651,050 $809,150
JEFFERSON $420,680 $538,650 $651,050 $809,150
JEFFERSON DAVIS $420,680 $538,650 $651,050 $809,150
LAFAYETTE $420,680 $538,650 $651,050 $809,150
LAFOURCHE $420,680 $538,650 $651,050 $809,150
LASALLE $420,680 $538,650 $651,050 $809,150
LINCOLN $420,680 $538,650 $651,050 $809,150
LIVINGSTON $420,680 $538,650 $651,050 $809,150
MADISON $420,680 $538,650 $651,050 $809,150
MOREHOUSE $420,680 $538,650 $651,050 $809,150
NATCHITOCHES $420,680 $538,650 $651,050 $809,150
ORLEANS $420,680 $538,650 $651,050 $809,150
OUACHITA $420,680 $538,650 $651,050 $809,150
PLAQUEMINES $420,680 $538,650 $651,050 $809,150
POINTE COUPEE $420,680 $538,650 $651,050 $809,150
RAPIDES $420,680 $538,650 $651,050 $809,150
RED RIVER $420,680 $538,650 $651,050 $809,150
RICHLAND $420,680 $538,650 $651,050 $809,150
SABINE $420,680 $538,650 $651,050 $809,150
ST. BERNARD $420,680 $538,650 $651,050 $809,150
ST. CHARLES $420,680 $538,650 $651,050 $809,150
ST. HELENA $420,680 $538,650 $651,050 $809,150
ST. JAMES $420,680 $538,650 $651,050 $809,150
ST. JOHN THE BA $420,680 $538,650 $651,050 $809,150
ST. LANDRY $420,680 $538,650 $651,050 $809,150
ST. MARTIN $420,680 $538,650 $651,050 $809,150
ST. MARY $420,680 $538,650 $651,050 $809,150
ST. TAMMANY $420,680 $538,650 $651,050 $809,150
TANGIPAHOA $420,680 $538,650 $651,050 $809,150
TENSAS $420,680 $538,650 $651,050 $809,150
TERREBONNE $420,680 $538,650 $651,050 $809,150
UNION $420,680 $538,650 $651,050 $809,150
VERMILION $420,680 $538,650 $651,050 $809,150
VERNON $420,680 $538,650 $651,050 $809,150
WASHINGTON $420,680 $538,650 $651,050 $809,150
WEBSTER $420,680 $538,650 $651,050 $809,150
WEST BATON ROUG $420,680 $538,650 $651,050 $809,150
WEST CARROLL $420,680 $538,650 $651,050 $809,150
WEST FELICIANA $420,680 $538,650 $651,050 $809,150
WINN $420,680 $538,650 $651,050 $809,150

    Get a Free Mortgage Consultation


    Minimum Down Payment Required

    Home Loan Programs Available In:

    Alabama, Alaska, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Kansas, Kentucky, Louisiana, Idaho, Iowa, Illinois, Indiana, Maine, Massachusetts, Maryland, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.