Georgia FHA Loans and Loan Limits

Georgia FHA Loans

Georgia FHA Loans

 

FHA loan mortgage lending limits in GEORGIA vary based on the different housing types and the costs of local Georgia housing. FHA home loans are designed for borrowers who are unable to make large down payments. Georgia FHA loans are also typically an attractive option for first-time home buyers. Check out the 2017 FHA Loan Requirements and Guidelines.

 

  • The maximum Georgia FHA loans lending limit for a one family (and condominium) residential home is 275,665 in most Georgia counties, however, there are around 35 Georgia counties exceed the FHA limit. Those counties have the highest FHA loan limit at $515,200.
  • The minimum down payment for Georgia FHA loans is only 3.5%.
  • The FHA home loan is a very popular loan program for Georgia home buyers and homeowners who are seeking an affordable mortgage because of the flexible underwriting guidelines and reduced credit score requirement. Monthly mortgage insurance is required for both purchase and refinance loans, however, the monthly premium is very affordable.

 

Apply for FHA Loan in Georgia

 

What exactly is the FHA?

 

The Federal Housing Administration (FHA) was founded during the Great Depression to support the housing industry. It is the largest insurer of mortgages in the world, insuring over 34 million properties since its inception in 1934. The FHA remains committed to help homeowners that do not satisfy typical financing needs, have a low credit score or have an inconsistent income history. Borrowers that meet this criteria should also look into HUD Home programs by visiting the HUDHomestore.

 

What is the maximum loan amount/limit 2017?

 

Maximum loan amount vary by county for the traditional Georgia FHA Loans. The current base FHA loan limit in most of Georgia counties for a one-family home is set at $275,665.00.

 

Georgia First-Time Home Buyer Loan

 

The Georgia FHA loan program was designed and created to help increase homeownership. The Georgia FHA loan program makes buying a home easier and less expensive than any other types of real estate mortgage home loan programs.

 

Are there income limits for Georgia FHA loans?

 

No!

 

Do I need to be a first-time buyer?

 

No!

 

Is the the seller permitted to pay my closing costs or incentives?

 

Yes they can absolutely help with that! The Federal Housing Administration (FHA) will allow the home seller to pay as much as 6% of the purchase price toward the buyer’s settlement costs

 

Do I need to have perfect credit for Georgia FHA loans?

 

The FHA credit score guidelines are the same in Georgia as they are anywhere else in the United States. You can even qualify for a Georgia FHA loan with less than perfect credit.

 

Georgia FHA Loan Calculator

 

Lending Limits for FHA Loans in GEORGIA Counties

 

One-Family is a single family home or condominium
Two-Family is two separate living units (duplex)
Three-Family three separate living units (triplex)
Four-Family  four separate living units (fourplex)
MSA One-Family Two-Family Three-Family Four-Family
APPLING NON-METRO 275,665 352,950 426,625 530,150
ATKINSON NON-METRO 275,665 352,950 426,625 530,150
BACON NON-METRO 275,665 352,950 426,625 530,150
BAKER ALBANY, GA 275,665 352,950 426,625 530,150
BALDWIN MILLEDGEVILLE, GA 275,665 352,950 426,625 530,150
BANKS NON-METRO 275,665 352,950 426,625 530,150
BARROW ATLANTA-SANDY SPRINGS-ROSWELL, GA 358,800 459,300 555,200 690,000
BARTOW ATLANTA-SANDY SPRINGS-ROSWELL, GA 358,800 459,300 555,200 690,000
BEN HILL FITZGERALD, GA 275,665 352,950 426,625 530,150
BERRIEN NON-METRO 275,665 352,950 426,625 530,150
BIBB MACON, GA 275,665 352,950 426,625 530,150
BLECKLEY NON-METRO 275,665 352,950 426,625 530,150
BRANTLEY BRUNSWICK, GA 275,665 352,950 426,625 530,150
BROOKS VALDOSTA, GA 275,665 352,950 426,625 530,150
BRYAN SAVANNAH, GA 275,665 352,950 426,625 530,150
BULLOCH STATESBORO, GA 275,665 352,950 426,625 530,150
BURKE AUGUSTA-RICHMOND , GA-SC 275,665 352,950 426,625 530,150
BUTTS ATLANTA-SANDY SPRINGS-ROSWELL, GA 358,800 459,300 555,200 690,000
CALHOUN NON-METRO 275,665 352,950 426,625 530,150
CAMDEN ST. MARYS, GA 275,665 352,950 426,625 530,150
CANDLER NON-METRO 275,665 352,950 426,625 530,150
CARROLL ATLANTA-SANDY SPRINGS-ROSWELL, GA 358,800 459,300 555,200 690,000
CATOOSA CHATTANOOGA, TN-GA 275,665 352,950 426,625 530,150
CHARLTON NON-METRO 275,665 352,950 426,625 530,150
CHATHAM SAVANNAH, GA 275,665 352,950 426,625 530,150
CHATTAHOOCHEE COLUMBUS, GA-AL 289,800 371,000 448,450 557,300
CHATTOOGA SUMMERVILLE, GA 275,665 352,950 426,625 530,150
CHEROKEE ATLANTA-SANDY SPRINGS-ROSWELL, GA 358,800 459,300 555,200 690,000
CLARKE ATHENS-CLARKE , GA 320,850 410,750 496,500 617,000
CLAY NON-METRO 275,665 352,950 426,625 530,150
CLAYTON ATLANTA-SANDY SPRINGS-ROSWELL, GA 358,800 459,300 555,200 690,000
CLINCH NON-METRO 275,665 352,950 426,625 530,150
COBB ATLANTA-SANDY SPRINGS-ROSWELL, GA 358,800 459,300 555,200 690,000
COFFEE DOUGLAS, GA 275,665 352,950 426,625 530,150
COLQUITT MOULTRIE, GA 275,665 352,950 426,625 530,150
COLUMBIA AUGUSTA-RICHMOND , GA-SC 275,665 352,950 426,625 530,150
COOK NON-METRO 275,665 352,950 426,625 530,150
COWETA ATLANTA-SANDY SPRINGS-ROSWELL, GA 358,800 459,300 555,200 690,000
CRAWFORD MACON, GA 275,665 352,950 426,625 530,150
CRISP CORDELE, GA 275,665 352,950 426,625 530,150
DADE CHATTANOOGA, TN-GA 275,665 352,950 426,625 530,150
DAWSON ATLANTA-SANDY SPRINGS-ROSWELL, GA 358,800 459,300 555,200 690,000
DECATUR BAINBRIDGE, GA 275,665 352,950 426,625 530,150
DEKALB ATLANTA-SANDY SPRINGS-ROSWELL, GA 358,800 459,300 555,200 690,000
DODGE NON-METRO 275,665 352,950 426,625 530,150
DOOLY NON-METRO 275,665 352,950 426,625 530,150
DOUGHERTY ALBANY, GA 275,665 352,950 426,625 530,150
DOUGLAS ATLANTA-SANDY SPRINGS-ROSWELL, GA 358,800 459,300 555,200 690,000
EARLY NON-METRO 275,665 352,950 426,625 530,150
ECHOLS VALDOSTA, GA 275,665 352,950 426,625 530,150
EFFINGHAM SAVANNAH, GA 275,665 352,950 426,625 530,150
ELBERT NON-METRO 275,665 352,950 426,625 530,150
EMANUEL NON-METRO 275,665 352,950 426,625 530,150
EVANS NON-METRO 275,665 352,950 426,625 530,150
FANNIN NON-METRO 275,665 352,950 426,625 530,150
FAYETTE ATLANTA-SANDY SPRINGS-ROSWELL, GA 358,800 459,300 555,200 690,000
FLOYD ROME, GA 275,665 352,950 426,625 530,150
FORSYTH ATLANTA-SANDY SPRINGS-ROSWELL, GA 358,800 459,300 555,200 690,000
FRANKLIN NON-METRO 275,665 352,950 426,625 530,150
FULTON ATLANTA-SANDY SPRINGS-ROSWELL, GA 358,800 459,300 555,200 690,000
GILMER NON-METRO 275,665 352,950 426,625 530,150
GLASCOCK NON-METRO 275,665 352,950 426,625 530,150
GLYNN BRUNSWICK, GA 275,665 352,950 426,625 530,150
GORDON CALHOUN, GA 275,665 352,950 426,625 530,150
GRADY NON-METRO 275,665 352,950 426,625 530,150
GREENE NON-METRO 515,200 659,550 797,250 990,800
GWINNETT ATLANTA-SANDY SPRINGS-ROSWELL, GA 358,800 459,300 555,200 690,000
HABERSHAM CORNELIA, GA 275,665 352,950 426,625 530,150
HALL GAINESVILLE, GA 275,665 352,950 426,625 530,150
HANCOCK MILLEDGEVILLE, GA 275,665 352,950 426,625 530,150
HARALSON ATLANTA-SANDY SPRINGS-ROSWELL, GA 358,800 459,300 555,200 690,000
HARRIS COLUMBUS, GA-AL 289,800 371,000 448,450 557,300
HART NON-METRO 275,665 352,950 426,625 530,150
HEARD ATLANTA-SANDY SPRINGS-ROSWELL, GA 358,800 459,300 555,200 690,000
HENRY ATLANTA-SANDY SPRINGS-ROSWELL, GA 358,800 459,300 555,200 690,000
HOUSTON WARNER ROBINS, GA 275,665 352,950 426,625 530,150
IRWIN NON-METRO 275,665 352,950 426,625 530,150
JACKSON JEFFERSON, GA 275,665 352,950 426,625 530,150
JASPER ATLANTA-SANDY SPRINGS-ROSWELL, GA 358,800 459,300 555,200 690,000
JEFF DAVIS NON-METRO 275,665 352,950 426,625 530,150
JEFFERSON NON-METRO 275,665 352,950 426,625 530,150
JENKINS NON-METRO 275,665 352,950 426,625 530,150
JOHNSON DUBLIN, GA 275,665 352,950 426,625 530,150
JONES MACON, GA 275,665 352,950 426,625 530,150
LAMAR ATLANTA-SANDY SPRINGS-ROSWELL, GA 358,800 459,300 555,200 690,000
LANIER VALDOSTA, GA 275,665 352,950 426,625 530,150
LAURENS DUBLIN, GA 275,665 352,950 426,625 530,150
LEE ALBANY, GA 275,665 352,950 426,625 530,150
LIBERTY HINESVILLE, GA 275,665 352,950 426,625 530,150
LINCOLN AUGUSTA-RICHMOND , GA-SC 275,665 352,950 426,625 530,150
LONG HINESVILLE, GA 275,665 352,950 426,625 530,150
LOWNDES VALDOSTA, GA 275,665 352,950 426,625 530,150
LUMPKIN NON-METRO 275,665 352,950 426,625 530,150
MACON NON-METRO 275,665 352,950 426,625 530,150
MADISON ATHENS-CLARKE , GA 320,850 410,750 496,500 617,000
MARION COLUMBUS, GA-AL 289,800 371,000 448,450 557,300
MCDUFFIE AUGUSTA-RICHMOND , GA-SC 275,665 352,950 426,625 530,150
MCINTOSH BRUNSWICK, GA 275,665 352,950 426,625 530,150
MERIWETHER ATLANTA-SANDY SPRINGS-ROSWELL, GA 358,800 459,300 555,200 690,000
MILLER NON-METRO 275,665 352,950 426,625 530,150
MITCHELL NON-METRO 275,665 352,950 426,625 530,150
MONROE MACON, GA 275,665 352,950 426,625 530,150
MONTGOMERY VIDALIA, GA 275,665 352,950 426,625 530,150
MORGAN ATLANTA-SANDY SPRINGS-ROSWELL, GA 358,800 459,300 555,200 690,000
MURRAY DALTON, GA 275,665 352,950 426,625 530,150
MUSCOGEE COLUMBUS, GA-AL 289,800 371,000 448,450 557,300
NEWTON ATLANTA-SANDY SPRINGS-ROSWELL, GA 358,800 459,300 555,200 690,000
OCONEE ATHENS-CLARKE , GA 320,850 410,750 496,500 617,000
OGLETHORPE ATHENS-CLARKE , GA 320,850 410,750 496,500 617,000
PAULDING ATLANTA-SANDY SPRINGS-ROSWELL, GA 358,800 459,300 555,200 690,000
PEACH WARNER ROBINS, GA 275,665 352,950 426,625 530,150
PICKENS ATLANTA-SANDY SPRINGS-ROSWELL, GA 358,800 459,300 555,200 690,000
PIERCE WAYCROSS, GA 275,665 352,950 426,625 530,150
PIKE ATLANTA-SANDY SPRINGS-ROSWELL, GA 358,800 459,300 555,200 690,000
POLK CEDARTOWN, GA 275,665 352,950 426,625 530,150
PULASKI WARNER ROBINS, GA 275,665 352,950 426,625 530,150
PUTNAM NON-METRO 275,665 352,950 426,625 530,150
QUITMAN NON-METRO 275,665 352,950 426,625 530,150
RABUN NON-METRO 275,665 352,950 426,625 530,150
RANDOLPH NON-METRO 275,665 352,950 426,625 530,150
RICHMOND AUGUSTA-RICHMOND , GA-SC 275,665 352,950 426,625 530,150
ROCKDALE ATLANTA-SANDY SPRINGS-ROSWELL, GA 358,800 459,300 555,200 690,000
SCHLEY AMERICUS, GA 275,665 352,950 426,625 530,150
SCREVEN NON-METRO 275,665 352,950 426,625 530,150
SEMINOLE NON-METRO 275,665 352,950 426,625 530,150
SPALDING ATLANTA-SANDY SPRINGS-ROSWELL, GA 358,800 459,300 555,200 690,000
STEPHENS TOCCOA, GA 275,665 352,950 426,625 530,150
STEWART NON-METRO 275,665 352,950 426,625 530,150
SUMTER AMERICUS, GA 275,665 352,950 426,625 530,150
TALBOT NON-METRO 275,665 352,950 426,625 530,150
TALIAFERRO NON-METRO 275,665 352,950 426,625 530,150
TATTNALL NON-METRO 275,665 352,950 426,625 530,150
TAYLOR NON-METRO 275,665 352,950 426,625 530,150
TELFAIR NON-METRO 275,665 352,950 426,625 530,150
TERRELL ALBANY, GA 275,665 352,950 426,625 530,150
THOMAS THOMASVILLE, GA 275,665 352,950 426,625 530,150
TIFT TIFTON, GA 275,665 352,950 426,625 530,150
TOOMBS VIDALIA, GA 275,665 352,950 426,625 530,150
TOWNS NON-METRO 275,665 352,950 426,625 530,150
TREUTLEN NON-METRO 275,665 352,950 426,625 530,150
TROUP LAGRANGE, GA 275,665 352,950 426,625 530,150
TURNER NON-METRO 275,665 352,950 426,625 530,150
TWIGGS MACON, GA 275,665 352,950 426,625 530,150
UNION NON-METRO 275,665 352,950 426,625 530,150
UPSON THOMASTON, GA 275,665 352,950 426,625 530,150
WALKER CHATTANOOGA, TN-GA 275,665 352,950 426,625 530,150
WALTON ATLANTA-SANDY SPRINGS-ROSWELL, GA 358,800 459,300 555,200 690,000
WARE WAYCROSS, GA 275,665 352,950 426,625 530,150
WARREN NON-METRO 275,665 352,950 426,625 530,150
WASHINGTON NON-METRO 275,665 352,950 426,625 530,150
WAYNE JESUP, GA 275,665 352,950 426,625 530,150
WEBSTER NON-METRO 275,665 352,950 426,625 530,150
WHEELER NON-METRO 275,665 352,950 426,625 530,150
WHITE NON-METRO 275,665 352,950 426,625 530,150
WHITFIELD DALTON, GA 275,665 352,950 426,625 530,150
WILCOX NON-METRO 275,665 352,950 426,625 530,150
WILKES NON-METRO 275,665 352,950 426,625 530,150
WILKINSON NON-METRO 275,665 352,950 426,625 530,150
WORTH ALBANY, GA 275,665 352,950 426,625 530,150