Pickens County, AL 2019 FHA Loan Limits

Last Updated: Wed, January 2, 2019

FHA Loan Limits — Pickens County, AL

$331,200 Single Family
$424,000 Duplex
$512,500 Tri-plex
$636,900 Four-plex

Fannie/Freddie (Conventional) Loan Limits — Pickens County, AL

$484,350 Single Family
$620,200 Duplex
$749,650 Tri-plex
$931,600 Four-plex

HECM Loan Limits — Pickens County, AL

$726,525 All Home Sizes
2019 Alabama High Cost Limits

Local Loan Limits — Pickens County, AL

Loan Limit Summary

Limits for FHA Loans in Pickens County, Alabama range from $331,200 for single family homes to $636,900 for four-plex. Any apartment with more than 4 units is considered commercial and does not quality for an FHA loan. Conventional Loan Limits in Pickens County are $484,350 for single family homes to $931,600 for 4-unit apartment. The 2019 Home Equity Conversion Mortgage (HECM) limits in Pickens County is $726,525. HECM limit does not depend on the size of the home.

FHA and conventional Loan limits vary based on the number of units or separate apartments on the property. FHA loans are allowed for properties with one to four units. Pickens County has high cost limits to compensate for above average housing prices. Limits in Pickens County are above the 2019 national floor.

FHA Home Appraisal in Pickens County

To see if a home qualifies for an FHA loan, the property must be appraised by an approved FHA appraiser. Find FHA-approved appraisers in Pickens County. If you need a home inspector, click here to find FHA-approved inspectors in Pickens County.

VA Loan Limits in Pickens County

VA Loans are not insured the same way FHA loans are. With VA loans the Department of Veterans Affairs guarantees the loan on the veteran's behalf. But there is still a loan limit. The VA uses the single-unit FHA Loan Limit as its cap on VA Loan Liability. The 2019 VA Loan Limit for Pickens County, AL is $331,200.

To lean more about VA Loans and how to qualify, click here.

Additional Resources

How to qualify for an FHA Loan in Pickens County, Alabama?

The minimum loan amount in Pickens County is $5,000 dollars and may go up to $636,900 depending on home size and loan type. In order to qualify for an FHA loan, you must be planning to live in the home. Although a loan can include some renovation costs, FHA loans cannot be used for real estate investments in Pickens County.

Additionally, your loan amount cannot exceed the value of home you are purchasing. Learn more about FHA Loan Requirements.

Cities and ZIP Codes in Pickens County

The FHA Limits, HECM Loan Limits, and Conforming Loan Limits listed on this page apply to Pickens County which includes the following cities: Gordo, Aliceville, Reform, Carrollton, Ethelsville, and McShan.

Pickens County loan limits also apply to the following ZIP codes: 35466, 35442, 35481, 35447, 35461, and 35471.


Data sourced from the Department of Housing and Urban Development (HUD.GOV). If you notice an error on this page, please contact us.

** Document Provided By FHALoans.guide **
Source: https://fhaloans.guide/loan-limits/alabama/pickens-county