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Ohio FHA Home Loans

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

Ohio FHA Loan | Requirements | 2022 FHA Loan Limits

FHA loans provide a great opportunity to buy a home in Ohio.  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.

Ohio FHA Loan Requirements

Below are some of the basic requirements to get an FHA loan in Ohio.  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 Ohio 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 Ohio.  To have an FHA lender contact you, request a free consultation.

2022 Ohio FHA Loan Limits

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

County Single Family 2 Family 3 Family 4 Family
ADAMS $420,680 $538,650 $651,050 $809,150
ALLEN $420,680 $538,650 $651,050 $809,150
ASHLAND $420,680 $538,650 $651,050 $809,150
ASHTABULA $420,680 $538,650 $651,050 $809,150
ATHENS $420,680 $538,650 $651,050 $809,150
AUGLAIZE $420,680 $538,650 $651,050 $809,150
BELMONT $420,680 $538,650 $651,050 $809,150
BROWN $420,680 $538,650 $651,050 $809,150
BUTLER $420,680 $538,650 $651,050 $809,150
CARROLL $420,680 $538,650 $651,050 $809,150
CHAMPAIGN $420,680 $538,650 $651,050 $809,150
CLARK $420,680 $538,650 $651,050 $809,150
CLERMONT $420,680 $538,650 $651,050 $809,150
CLINTON $420,680 $538,650 $651,050 $809,150
COLUMBIANA $420,680 $538,650 $651,050 $809,150
COSHOCTON $420,680 $538,650 $651,050 $809,150
CRAWFORD $420,680 $538,650 $651,050 $809,150
CUYAHOGA $420,680 $538,650 $651,050 $809,150
DARKE $420,680 $538,650 $651,050 $809,150
DEFIANCE $420,680 $538,650 $651,050 $809,150
DELAWARE $439,300 $562,350 $679,800 $844,800
ERIE $420,680 $538,650 $651,050 $809,150
FAIRFIELD $439,300 $562,350 $679,800 $844,800
FAYETTE $420,680 $538,650 $651,050 $809,150
FRANKLIN $439,300 $562,350 $679,800 $844,800
FULTON $420,680 $538,650 $651,050 $809,150
GALLIA $420,680 $538,650 $651,050 $809,150
GEAUGA $420,680 $538,650 $651,050 $809,150
GREENE $420,680 $538,650 $651,050 $809,150
GUERNSEY $420,680 $538,650 $651,050 $809,150
HAMILTON $420,680 $538,650 $651,050 $809,150
HANCOCK $420,680 $538,650 $651,050 $809,150
HARDIN $420,680 $538,650 $651,050 $809,150
HARRISON $420,680 $538,650 $651,050 $809,150
HENRY $420,680 $538,650 $651,050 $809,150
HIGHLAND $420,680 $538,650 $651,050 $809,150
HOCKING $439,300 $562,350 $679,800 $844,800
HOLMES $420,680 $538,650 $651,050 $809,150
HURON $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
KNOX $420,680 $538,650 $651,050 $809,150
LAKE $420,680 $538,650 $651,050 $809,150
LAWRENCE $420,680 $538,650 $651,050 $809,150
LICKING $439,300 $562,350 $679,800 $844,800
LOGAN $420,680 $538,650 $651,050 $809,150
LORAIN $420,680 $538,650 $651,050 $809,150
LUCAS $420,680 $538,650 $651,050 $809,150
MADISON $439,300 $562,350 $679,800 $844,800
MAHONING $420,680 $538,650 $651,050 $809,150
MARION $420,680 $538,650 $651,050 $809,150
MEDINA $420,680 $538,650 $651,050 $809,150
MEIGS $420,680 $538,650 $651,050 $809,150
MERCER $420,680 $538,650 $651,050 $809,150
MIAMI $420,680 $538,650 $651,050 $809,150
MONROE $420,680 $538,650 $651,050 $809,150
MONTGOMERY $420,680 $538,650 $651,050 $809,150
MORGAN $420,680 $538,650 $651,050 $809,150
MORROW $439,300 $562,350 $679,800 $844,800
MUSKINGUM $420,680 $538,650 $651,050 $809,150
NOBLE $420,680 $538,650 $651,050 $809,150
OTTAWA $420,680 $538,650 $651,050 $809,150
PAULDING $420,680 $538,650 $651,050 $809,150
PERRY $439,300 $562,350 $679,800 $844,800
PICKAWAY $439,300 $562,350 $679,800 $844,800
PIKE $420,680 $538,650 $651,050 $809,150
PORTAGE $420,680 $538,650 $651,050 $809,150
PREBLE $420,680 $538,650 $651,050 $809,150
PUTNAM $420,680 $538,650 $651,050 $809,150
RICHLAND $420,680 $538,650 $651,050 $809,150
ROSS $420,680 $538,650 $651,050 $809,150
SANDUSKY $420,680 $538,650 $651,050 $809,150
SCIOTO $420,680 $538,650 $651,050 $809,150
SENECA $420,680 $538,650 $651,050 $809,150
SHELBY $420,680 $538,650 $651,050 $809,150
STARK $420,680 $538,650 $651,050 $809,150
SUMMIT $420,680 $538,650 $651,050 $809,150
TRUMBULL $420,680 $538,650 $651,050 $809,150
TUSCARAWAS $420,680 $538,650 $651,050 $809,150
UNION $439,300 $562,350 $679,800 $844,800
VAN WERT $420,680 $538,650 $651,050 $809,150
VINTON $420,680 $538,650 $651,050 $809,150
WARREN $420,680 $538,650 $651,050 $809,150
WASHINGTON $420,680 $538,650 $651,050 $809,150
WAYNE $420,680 $538,650 $651,050 $809,150
WILLIAMS $420,680 $538,650 $651,050 $809,150
WOOD $420,680 $538,650 $651,050 $809,150
WYANDOT $420,680 $538,650 $651,050 $809,150

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