FHA loan limits for Wisconsin in 2021

FHA loans, which are sometimes called “helper loans,” are commonly used by first-time buyers or buyers who have less-than-perfect credit. FHA loans are backed by the Federal Housing Administration, which takes on a higher amount of risk in order to provide buyers with these loans.

As a way to offset their risk, the FHA limits how much money borrowers can request for their mortgage loan. The limits for FHA loans are based on the cost of living across each county in the United States.

In 2021, the FHA raised the limits for every single county across the country, and within Wisconsin, by upwards of $25,000. This increase reflects the rising home prices across the country.

Most Wisconsin counties now have a 2021 FHA loan limit of $356,362. Some of the more expensive counties have higher limits, including:

• Milwaukee, and Ozaukee, Washington, Waukesha: $362,250
• Kenosha County FHA loan limit: $379,500
• Pierce and St. Croix County FHA loan limit: $402,500

If you’re considering an FHA loan in 2021, here are the FHA loan limits for each county in Wisconsin.

Remember, some cities span more than one county. Ask your REALTOR® or lender about the loan limit you can expect if you’re searching for homes near county lines.

2021 FHA loan limits for Wisconsin counties

Your 2021 mortgage matters!

To get started on the process of buying a home, you don’t need to have selected a loan type — or even a city to live in! But purchasing a house will likely be one of your largest financial decisions and your home mortgage loan matters.

For insights on how to get pre-approved for a home mortgage loan and more, contact Edina Realty or your agent today. We’re here for you, seven days a week.