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Tennessee FHA Home Loans

FHA Mortgage Loan Programs in Tennessee
FHA Loan Requirements - 2023 FHA Loan Limits

Tennessee FHA Loan | Requirements | 2023 FHA Loan Limits

FHA loans are the best way to back your financial liabilities in order to buy a home in Tennessee. The FHA (Federal Housing Administration) loans were created with the only objective to offer financial aid cum support and help every average American to make their dreams of being a proud home owner come true. These loan facilities come with a number of advantages which includes a low down payment option as low as 3.5% under very lenient terms and conditions and the icing on the cake is the low credit score requirement for the same of just 500.

Tennessee FHA Loan Requirements

If you too are looking for an application for the FHA loans, below mentioned are some of the basic requirements for the same to get an FHA loan in Tennessee.  If you also wish to figure out your eligibility for an FHA loan, we can help you with it. To receive a call back from an FHA lender, request a free consultation.

  • Credit Score– FHA loans offer 3.5% down payment for individuals with a credit score of 580 or higher while 10% down payment for individual’s with credit score in between 500-579.
  • Job History – FHA loans require a substantial proof of employment for continuous 2 years span. In case of changed jobs, consistent employment or income proof needs to be submitted.
  • Financial Statements– FHA loan lenders require a set of financial statements that includes- two most recent bank statements, an individual’s pay stubs, and tax returns.
  • Debt-to-Income– FHA loans hold unapplicable for individuals with higher debt-to-income ratio than 43%.  Under the “compensating factors,” individuals are permitted to be eligible for the same even if they have higher debt levels but only if they have substantial money in their savings, hold a longer job history, or a great credit score.
  • Primary Residence– All FHA loans are applicable only for buying a primary residence and not for any investment property, second home, or vacation home.
  • Mortgage Insurance– All FHA loans, require a mortgage insurance to back itself just like the other conventional loans.  There are two main types of mortgage insurances-  the UPMIP (Upfront Mortgage Insurance Premium) and the regular MIP (Mortgage Insurance Premium).   You can choose any of these and use this FHA loan calculator to calculate the estimated monthly payments and mortgage insurance costs.
  • FHA Loan Limits– FHA loans limits are set as per their maximum lending limits, on the county level. Before you apply for a loan, it is better to view the 2023 FHA loan limits for all counties in Tennessee as given below.

Wish to find out if you can qualify for an FHA loan or not?  We are here to help get you the best match for your mortgage lender with the best offer for FHA loans in Tennessee.  To get a call back from an FHA lender, request a free consultation

2023 Tennessee FHA Loan Limits

Below are the 2023 FHA loan limits for every county in Tennessee:

County Single Family 2 Family 3 Family 4 Family
ANDERSON  $472,030  $604,400  $730,525  $907,900
BEDFORD  $472,030  $604,400  $730,525  $907,900
BENTON  $472,030  $604,400  $730,525  $907,900
BLEDSOE  $472,030  $604,400  $730,525  $907,900
BLOUNT  $472,030  $604,400  $730,525  $907,900
BRADLEY  $472,030  $604,400  $730,525  $907,900
CAMPBELL  $472,030  $604,400  $730,525  $907,900
CANNON  $890,100  $1,139,500  $1,377,400  $1,711,750
CARROLL  $472,030  $604,400  $730,525  $907,900
CARTER  $472,030  $604,400  $730,525  $907,900
CHEATHAM  $890,100  $1,139,500  $1,377,400  $1,711,750
CHESTER  $472,030  $604,400  $730,525  $907,900
CLAIBORNE  $472,030  $604,400  $730,525  $907,900
CLAY  $472,030  $604,400  $730,525  $907,900
COCKE  $472,030  $604,400  $730,525  $907,900
COFFEE  $472,030  $604,400  $730,525  $907,900
CROCKETT  $472,030  $604,400  $730,525  $907,900
CUMBERLAND  $472,030  $604,400  $730,525  $907,900
DAVIDSON  $890,100  $1,139,500  $1,377,400  $1,711,750
DECATUR  $472,030  $604,400  $730,525  $907,900
DEKALB  $472,030  $604,400  $730,525  $907,900
DICKSON  $890,100  $1,139,500  $1,377,400  $1,711,750
DYER  $472,030  $604,400  $730,525  $907,900
FAYETTE  $472,030  $604,400  $730,525  $907,900
FENTRESS  $472,030  $604,400  $730,525  $907,900
FRANKLIN  $472,030  $604,400  $730,525  $907,900
GIBSON  $472,030  $604,400  $730,525  $907,900
GILES  $472,030  $604,400  $730,525  $907,900
GRAINGER  $472,030  $604,400  $730,525  $907,900
GREENE  $472,030  $604,400  $730,525  $907,900
GRUNDY  $472,030  $604,400  $730,525  $907,900
HAMBLEN  $472,030  $604,400  $730,525  $907,900
HAMILTON  $472,030  $604,400  $730,525  $907,900
HANCOCK  $472,030  $604,400  $730,525  $907,900
HARDEMAN  $472,030  $604,400  $730,525  $907,900
HARDIN  $472,030  $604,400  $730,525  $907,900
HAWKINS  $472,030  $604,400  $730,525  $907,900
HAYWOOD  $472,030  $604,400  $730,525  $907,900
HENDERSON  $472,030  $604,400  $730,525  $907,900
HENRY  $472,030  $604,400  $730,525  $907,900
HICKMAN  $472,030  $604,400  $730,525  $907,900
HOUSTON  $472,030  $604,400  $730,525  $907,900
HUMPHREYS  $472,030  $604,400  $730,525  $907,900
JACKSON  $472,030  $604,400  $730,525  $907,900
JEFFERSON  $472,030  $604,400  $730,525  $907,900
JOHNSON  $472,030  $604,400  $730,525  $907,900
KNOX  $472,030  $604,400  $730,525  $907,900
LAKE  $472,030  $604,400  $730,525  $907,900
LAUDERDALE  $472,030  $604,400  $730,525  $907,900
LAWRENCE  $472,030  $604,400  $730,525  $907,900
LEWIS  $472,030  $604,400  $730,525  $907,900
LINCOLN  $472,030  $604,400  $730,525  $907,900
LOUDON  $472,030  $604,400  $730,525  $907,900
MCMINN  $472,030  $604,400  $730,525  $907,900
MCNAIRY  $472,030  $604,400  $730,525  $907,900
MACON  $890,100  $1,139,500  $1,377,400  $1,711,750
MADISON  $472,030  $604,400  $730,525  $907,900
MARION  $472,030  $604,400  $730,525  $907,900
MARSHALL  $472,030  $604,400  $730,525  $907,900
MAURY  $890,100  $1,139,500  $1,377,400  $1,711,750
MEIGS  $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
MOORE  $472,030  $604,400  $730,525  $907,900
MORGAN  $472,030  $604,400  $730,525  $907,900
OBION  $472,030  $604,400  $730,525  $907,900
OVERTON  $472,030  $604,400  $730,525  $907,900
PERRY  $472,030  $604,400  $730,525  $907,900
PICKETT  $472,030  $604,400  $730,525  $907,900
POLK  $472,030  $604,400  $730,525  $907,900
PUTNAM  $472,030  $604,400  $730,525  $907,900
RHEA  $472,030  $604,400  $730,525  $907,900
ROANE  $472,030  $604,400  $730,525  $907,900
ROBERTSON  $890,100  $1,139,500  $1,377,400  $1,711,750
RUTHERFORD  $890,100  $1,139,500  $1,377,400  $1,711,750
SCOTT  $472,030  $604,400  $730,525  $907,900
SEQUATCHIE  $472,030  $604,400  $730,525  $907,900
SEVIER  $472,030  $604,400  $730,525  $907,900
SHELBY  $472,030  $604,400  $730,525  $907,900
SMITH  $890,100  $1,139,500  $1,377,400  $1,711,750
STEWART  $472,030  $604,400  $730,525  $907,900
SULLIVAN  $472,030  $604,400  $730,525  $907,900
SUMNER  $890,100  $1,139,500  $1,377,400  $1,711,750
TIPTON  $472,030  $604,400  $730,525  $907,900
TROUSDALE  $890,100  $1,139,500  $1,377,400  $1,711,750
UNICOI  $472,030  $604,400  $730,525  $907,900
UNION  $472,030  $604,400  $730,525  $907,900
VAN BUREN  $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
WEAKLEY  $472,030  $604,400  $730,525  $907,900
WHITE  $472,030  $604,400  $730,525  $907,900
WILLIAMSON  $890,100  $1,139,500  $1,377,400  $1,711,750
WILSON  $890,100  $1,139,500  $1,377,400  $1,711,750

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