West Chester, OH FHA Loan Limits

Last Updated: Wed, January 2, 2019

FHA Loan Limits — West Chester, OH

$314,827 1 Living-Unit
$403,125 2 Living-Units
$487,250 3 Living-Units
$605,525 4 Living-Units

Fannie/Freddie (Conventional) Loan Limits — West Chester, OH

$484,350 1 Living-Unit
$620,200 2 Living-Units
$749,650 3 Living-Units
$931,600 4 Living-Units

HECM Loan Limits — West Chester, OH

$726,525 All Home Sizes
2019 Ohio Standard Limits

Local Loan Limits — West Chester, OH

Loan Limit Summary

Limits for FHA Loans in West Chester, Ohio range from $314,827 for 1 living-unit homes to $605,525 for 4 living-units. Conventional Loan Limits in West Chester are $484,350 for 1 living-unit homes to $931,600 for 4 living-units. The 2019 Home Equity Conversion Mortgage (HECM) limits in West Chester 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 living-units on the property. FHA loans are only allowed on 1 to 4 living-unit properties. West Chester has standard limits which means loan limits are equal to the 2019 national floor.

FHA Home Appraisal in West Chester

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 West Chester. If you need a home inspector, click here to find FHA-approved inspectors in West Chester.

VA Loan Limits in West Chester

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 cap. The VA uses the 1 living-unit FHA Loan Limit as its cap on VA Loan Liability. The 2019 VA Loan Limit for West Chester, OH is $314,827.

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

Additional Resources

How to qualify for an FHA Loan in West Chester, Ohio?

The minimum loan amount in West Chester is $5,000 dollars and may go up to $605,525 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 West Chester.

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

Cities and ZIP Codes in Butler County

The FHA Limits, HECM Loan Limits, and Conforming Loan Limits listed on this page apply to Butler County which includes the following cities: Hamilton, West Chester, Middletown, Fairfield, Oxford, Trenton, Monroe, Okeana, Somerville, College Corner, Seven Mile, Collinsville, Overpeck, Ross, and Shandon.

Butler County loan limits also apply to the following ZIP codes: 45011, 45069, 45013, 45044, 45014, 45042, 45056, 45067, 45015, 45050, 45053, 45064, 45003, 45062, 45071, 45018, 45004, 45055, 45012, 45061, and 45063.

Citation

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


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Source: https://fhaloans.guide/loan-limits/ohio/west-chester