FHA loans are a popular option for applicants who don’t have much money for a down payment. The FHA fee structure can be a little complex though. When calculating your payment using an FHA mortgage calculator, it’s important to know exactly what’s required.
Currently, people can get FHA loans as high as $729,750 with a minimum down payment of only 3.5 percent of the purchase price. Not all areas qualify for amounts that high, so people will need to check the FHA loan limits for their county before using the calculator.
The next step is to determine which FHA mortgage bracket their loan falls under. Then they can figure the upfront insurance premium and the monthly mortgage insurance next. The upfront insurance premium is typically 1.75% of the amount to be borrowed, and the annual insurance premium is determined by the loan-to-value ratio and the length of the mortgage loan.
Here’s a rundown of current FHA fees:
- FHA Up Front Mortgage Insurance Premium (MIP) – Equals 1.75% of the total loan amount. MIP is added to total loan and rolled into monthly payments. Different rates apply for Streamline Refinance. Calculate FHA MIP
- FHA Monthly Mortgage Insurance (MI) – FHA mortgage insurance is charged monthly and is calculated based on mortgage length, loan amount and loan-to-value. Calculate FHA Mortgage Insurance
- Homeowners Insurance and Property Taxes – All FHA mortgage loans require annual property taxes and hazard insurance payments to be combined with the mortgage payments and paid monthly. It’s important to get good estimates of what those will be in order to calculate your FHA loan payment properly.
It’s important to know what you what your total monthly payments will be before making crucial decisions about your home loan. Explore your mortgage payment scenarios will be with principal, interest, taxes and insurance using this calculator.
January of 2014 saw the Consumer Financial Protection Bureau (CFPB for short) introduce a host new rules and guidelines for real estate mortgages. For the most part, these ‘new’ rules and guidelines have already been around for awhile. The financial industry suffered a crushing blow from the 2008 Financial Crisis and has been extensively regulated every since. Read More
What are FHA Loan Limits in Kentucky?
FHA loans are a low down payment mortgage program and Kentucky FHA loan limits are connected to local home values. Search the charts below to determine the maximum mortgage amount allowed for your county. FHA loan limits in Kentucky are set at the floor amount of $275,665 across nearly the entire state.
Kentucky FHA Loan Limits Search:
County Name | Area | 1-Unit | 2-Unit | 3-Unit | 4-Unit |
| ADAIR | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| ALLEN | BOWLING GREEN, KY | $331,760 | $424,800 | $513,450 | $638,100 |
| ANDERSON | FRANKFORT, KY | $331,760 | $424,800 | $513,450 | $638,100 |
| BALLARD | PADUCAH, KY-IL | $331,760 | $424,800 | $513,450 | $638,100 |
| BARREN | GLASGOW, KY | $331,760 | $424,800 | $513,450 | $638,100 |
| BATH | MOUNT STERLING, KY | $331,760 | $424,800 | $513,450 | $638,100 |
| BELL | MIDDLESBOROUGH, KY | $331,760 | $424,800 | $513,450 | $638,100 |
| BOONE | CINCINNATI, OH-KY-IN | $331,760 | $424,800 | $513,450 | $638,100 |
| BOURBON | LEXINGTON-FAYETTE, KY | $331,760 | $424,800 | $513,450 | $638,100 |
| BOYD | HUNTINGTON-ASHLAND, WV-KY-OH | $331,760 | $424,800 | $513,450 | $638,100 |
| BOYLE | DANVILLE, KY | $331,760 | $424,800 | $513,450 | $638,100 |
| BRACKEN | CINCINNATI, OH-KY-IN | $331,760 | $424,800 | $513,450 | $638,100 |
| BREATHITT | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| BRECKINRIDGE | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| BULLITT | LOUISVILLE/JEFFERSON COUNTY, KY-IN | $333,500 | $426,950 | $516,050 | $641,350 |
| BUTLER | BOWLING GREEN, KY | $331,760 | $424,800 | $513,450 | $638,100 |
| CALDWELL | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| CALLOWAY | MURRAY, KY | $331,760 | $424,800 | $513,450 | $638,100 |
| CAMPBELL | CINCINNATI, OH-KY-IN | $331,760 | $424,800 | $513,450 | $638,100 |
| CARLISLE | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| CARROLL | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| CARTER | HUNTINGTON-ASHLAND, WV-KY-OH | $331,760 | $424,800 | $513,450 | $638,100 |
| CASEY | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| CHRISTIAN | CLARKSVILLE, TN-KY | $331,760 | $424,800 | $513,450 | $638,100 |
| CLARK | LEXINGTON-FAYETTE, KY | $331,760 | $424,800 | $513,450 | $638,100 |
| CLAY | LONDON, KY | $331,760 | $424,800 | $513,450 | $638,100 |
| CLINTON | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| CRITTENDEN | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| CUMBERLAND | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| DAVIESS | OWENSBORO, KY | $331,760 | $424,800 | $513,450 | $638,100 |
| EDMONSON | BOWLING GREEN, KY | $331,760 | $424,800 | $513,450 | $638,100 |
| ELLIOTT | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| ESTILL | RICHMOND-BEREA, KY | $331,760 | $424,800 | $513,450 | $638,100 |
| FAYETTE | LEXINGTON-FAYETTE, KY | $331,760 | $424,800 | $513,450 | $638,100 |
| FLEMING | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| FLOYD | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| FRANKLIN | FRANKFORT, KY | $331,760 | $424,800 | $513,450 | $638,100 |
| FULTON | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| GALLATIN | CINCINNATI, OH-KY-IN | $331,760 | $424,800 | $513,450 | $638,100 |
| GARRARD | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| GRANT | CINCINNATI, OH-KY-IN | $331,760 | $424,800 | $513,450 | $638,100 |
| GRAVES | MAYFIELD, KY | $331,760 | $424,800 | $513,450 | $638,100 |
| GRAYSON | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| GREEN | CAMPBELLSVILLE, KY | $331,760 | $424,800 | $513,450 | $638,100 |
| GREENUP | HUNTINGTON-ASHLAND, WV-KY-OH | $331,760 | $424,800 | $513,450 | $638,100 |
| HANCOCK | OWENSBORO, KY | $331,760 | $424,800 | $513,450 | $638,100 |
| HARDIN | ELIZABETHTOWN-FORT KNOX, KY | $331,760 | $424,800 | $513,450 | $638,100 |
| HARLAN | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| HARRISON | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| HART | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| HENDERSON | EVANSVILLE, IN-KY | $331,760 | $424,800 | $513,450 | $638,100 |
| HENRY | LOUISVILLE/JEFFERSON COUNTY, KY-IN | $333,500 | $426,950 | $516,050 | $641,350 |
| HICKMAN | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| HOPKINS | MADISONVILLE, KY | $331,760 | $424,800 | $513,450 | $638,100 |
| JACKSON | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| JEFFERSON | LOUISVILLE/JEFFERSON COUNTY, KY-IN | $333,500 | $426,950 | $516,050 | $641,350 |
| JESSAMINE | LEXINGTON-FAYETTE, KY | $331,760 | $424,800 | $513,450 | $638,100 |
| JOHNSON | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| KENTON | CINCINNATI, OH-KY-IN | $331,760 | $424,800 | $513,450 | $638,100 |
| KNOTT | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| KNOX | LONDON, KY | $331,760 | $424,800 | $513,450 | $638,100 |
| LARUE | ELIZABETHTOWN-FORT KNOX, KY | $331,760 | $424,800 | $513,450 | $638,100 |
| LAUREL | LONDON, KY | $331,760 | $424,800 | $513,450 | $638,100 |
| LAWRENCE | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| LEE | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| LESLIE | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| LETCHER | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| LEWIS | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| LINCOLN | DANVILLE, KY | $331,760 | $424,800 | $513,450 | $638,100 |
| LIVINGSTON | PADUCAH, KY-IL | $331,760 | $424,800 | $513,450 | $638,100 |
| LOGAN | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| LYON | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| MADISON | RICHMOND-BEREA, KY | $331,760 | $424,800 | $513,450 | $638,100 |
| MAGOFFIN | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| MARION | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| MARSHALL | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| MARTIN | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| MASON | MAYSVILLE, KY | $331,760 | $424,800 | $513,450 | $638,100 |
| MCCRACKEN | PADUCAH, KY-IL | $331,760 | $424,800 | $513,450 | $638,100 |
| MCCREARY | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| MCLEAN | OWENSBORO, KY | $331,760 | $424,800 | $513,450 | $638,100 |
| MEADE | ELIZABETHTOWN-FORT KNOX, KY | $331,760 | $424,800 | $513,450 | $638,100 |
| MENIFEE | MOUNT STERLING, KY | $331,760 | $424,800 | $513,450 | $638,100 |
| MERCER | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| METCALFE | GLASGOW, KY | $331,760 | $424,800 | $513,450 | $638,100 |
| MONROE | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| MONTGOMERY | MOUNT STERLING, KY | $331,760 | $424,800 | $513,450 | $638,100 |
| MORGAN | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| MUHLENBERG | CENTRAL CITY, KY | $331,760 | $424,800 | $513,450 | $638,100 |
| NELSON | BARDSTOWN, KY | $331,760 | $424,800 | $513,450 | $638,100 |
| NICHOLAS | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| OHIO | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| OLDHAM | LOUISVILLE/JEFFERSON COUNTY, KY-IN | $333,500 | $426,950 | $516,050 | $641,350 |
| OWEN | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| OWSLEY | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| PENDLETON | CINCINNATI, OH-KY-IN | $331,760 | $424,800 | $513,450 | $638,100 |
| PERRY | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| PIKE | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| POWELL | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| PULASKI | SOMERSET, KY | $331,760 | $424,800 | $513,450 | $638,100 |
| ROBERTSON | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| ROCKCASTLE | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| ROWAN | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| RUSSELL | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| SCOTT | LEXINGTON-FAYETTE, KY | $331,760 | $424,800 | $513,450 | $638,100 |
| SHELBY | LOUISVILLE/JEFFERSON COUNTY, KY-IN | $333,500 | $426,950 | $516,050 | $641,350 |
| SIMPSON | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| SPENCER | LOUISVILLE/JEFFERSON COUNTY, KY-IN | $333,500 | $426,950 | $516,050 | $641,350 |
| TAYLOR | CAMPBELLSVILLE, KY | $331,760 | $424,800 | $513,450 | $638,100 |
| TODD | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| TRIGG | CLARKSVILLE, TN-KY | $331,760 | $424,800 | $513,450 | $638,100 |
| TRIMBLE | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| UNION | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| WARREN | BOWLING GREEN, KY | $331,760 | $424,800 | $513,450 | $638,100 |
| WASHINGTON | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| WAYNE | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| WEBSTER | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| WHITLEY | LONDON, KY | $331,760 | $424,800 | $513,450 | $638,100 |
| WOLFE | NON-METRO | $331,760 | $424,800 | $513,450 | $638,100 |
| WOODFORD | LEXINGTON-FAYETTE, KY | $331,760 | $424,800 | $513,450 | $638,100 |
Kentucky FHA loan limits can change at any time. Check back often to ensure accurate information.
How are Kentucky FHA Limits Set?
Mortgage limits for Kentucky FHA loans are based on median housing prices for the particular Metropolitan Statistical Area (MSA) and county. More specifically, “Median Sale Price” for area homes in each county or MSA is considered the determining factor. National FHA mortgage limits for low costs areas are set at 65 percent of the national conventional conforming loan limit. FHA loan limits are updated yearly.
KY FHA Loan-to-Value Limits (LTV)
- Purchase Loans – The mortgage loan-to-value limit in KY is 96.5% of the lower of the purchase price or the appraised value of the home.
- Refinance Loans – The refinance loan-to-value limit in KY is 97.75% of the lower of the appraised property value, or the mortgage amount plus closing costs. If you’re refinancing and taking cash out from equity, the loan limit will be limited to 85% of the appraised home value.
Kentucky FHA loan limits are set above the floor amount in areas near Louisville and Cincinnati, OH. You may also want to view these additional FHA loan resources before deciding on a mortgage loan:
More FHA Loan Resources
What are FHA Loan Limits in New Jersey?
FHA loans are a low down payment mortgage program and New Jersey FHA loan limits are connected to local home values. Search the charts below to determine the maximum mortgage amount allowed for your county. FHA loan limits in New Jersey are set above the floor amount of $275,665 across the entire state.
New Jersey FHA Loan Limits Search:
County Name | Area | 1-Unit | 2-Unit | 3-Unit | 4-Unit |
| ATLANTIC | ATLANTIC CITY-HAMMONTON, NJ | $331,760 | $424,800 | $513,450 | $638,100 |
| BERGEN | NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA | $765,600 | $980,325 | $1,184,925 | $1,472,550 |
| BURLINGTON | PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD | $408,250 | $522,600 | $631,750 | $785,100 |
| CAMDEN | PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD | $408,250 | $522,600 | $631,750 | $785,100 |
| CAPE MAY | OCEAN CITY, NJ | $414,000 | $530,000 | $640,650 | $796,150 |
| CUMBERLAND | VINELAND-BRIDGETON, NJ | $331,760 | $424,800 | $513,450 | $638,100 |
| ESSEX | NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA | $765,600 | $980,325 | $1,184,925 | $1,472,550 |
| GLOUCESTER | PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD | $408,250 | $522,600 | $631,750 | $785,100 |
| HUDSON | NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA | $765,600 | $980,325 | $1,184,925 | $1,472,550 |
| HUNTERDON | NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA | $765,600 | $980,325 | $1,184,925 | $1,472,550 |
| MERCER | TRENTON-PRINCETON, NJ | $345,000 | $441,650 | $533,850 | $663,450 |
| MIDDLESEX | NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA | $765,600 | $980,325 | $1,184,925 | $1,472,550 |
| MONMOUTH | NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA | $765,600 | $980,325 | $1,184,925 | $1,472,550 |
| MORRIS | NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA | $765,600 | $980,325 | $1,184,925 | $1,472,550 |
| OCEAN | NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA | $765,600 | $980,325 | $1,184,925 | $1,472,550 |
| PASSAIC | NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA | $765,600 | $980,325 | $1,184,925 | $1,472,550 |
| SALEM | PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD | $408,250 | $522,600 | $631,750 | $785,100 |
| SOMERSET | NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA | $765,600 | $980,325 | $1,184,925 | $1,472,550 |
| SUSSEX | NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA | $765,600 | $980,325 | $1,184,925 | $1,472,550 |
| UNION | NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA | $765,600 | $980,325 | $1,184,925 | $1,472,550 |
| WARREN | ALLENTOWN-BETHLEHEM-EASTON, PA-NJ | $372,600 | $477,000 | $576,550 | $716,550 |
New Jersey FHA loan limits can change at any time. Check back often to ensure information is accurate.
How are New Jersey FHA Limits Set?
Mortgage limits for New Jersey FHA loans are based on median housing prices for the particular Metropolitan Statistical Area (MSA) and county. More specifically, “Median Sale Price” for area homes in each county or MSA is considered the determining factor. National FHA mortgage limits for low costs areas are set at 65 percent of the national conventional conforming loan limit. FHA loan limits are updated yearly.
New Jersey FHA Loan-to-Value Limits (LTV)
- Purchase Loans – The mortgage loan-to-value limit in New Jersey is 96.5% of the lower of the purchase price or the appraised value of the home.
- Refinance Loans – The refinance loan-to-value limit in New Jersey is 97.75% of the lower of the appraised property value, or the mortgage amount plus closing costs. If you’re refinancing and taking cash out from equity, the loan limit will be limited to 85% of the appraised home value.
New Jersey FHA loan limits are set above the nationwide floor amount in Newark, Perth Amboy, Vineland, Union, Piscataway, New Brunswick, Hoboken, Plainfield, Jersey City and all other areas in the state. You may also want to view these additional FHA loan resources before deciding on a mortgage loan:
More FHA Loan Resources
