FHA Loan Limits For Vermont

FHA Loan Limits For Vermont In 2022

The standard FHA loan limit for a single-family home in Vermont is $314,827 in 2019, and that limit also applies to much of Vermont. The exceptions: Chittenden, Franklin and Grand Isle counties have a higher limit of $351,900.

With an estimated population now slightly more than 626,000, Vermont has long appealed to those who love wide swaths of rural space dotted with smaller cities and towns, particularly when set against the backdrop of the picturesque Green Mountains.

The median price of a primary home in Vermont reached a record high last year, growing 3.6% from $210,000 in 2017 to $217,500, according to data collected by the Vermont Housing Finance Agency (VHFA). That’s lower than $235,000, which is the nationwide price of a typical home, as estimated by the National Association of Realtors. Still, in a recent blog post, VHFA cautioned that household income in Vermont is not keeping up with the four-year rise in home prices.

FHA loans may be able to help make homeownership more affordable for many buyers in Vermont, especially first-time homeowners. But the loans are not as popular to Vermonters as they are in other states. In fiscal year 2021, just 0.09% of all FHA loans originated nationwide came from Vermont.

Vermont FHA loan limits by county

FHA Loan Limits in Vermont
COUNTY NAME	ONE-FAMILY	TWO-FAMILY	THREE-FAMILY	FOUR-FAMILY	MEDIAN SALE PRICE
Addison	$331,760	$424,800	$513,450	$638,100	$215,000
Bennington	$331,760	$424,800	$513,450	$638,100	$187,000
Caledonia	$331,760	$424,800	$513,450	$638,100	$129,000
Chittenden	$368,000	$471,100	$569,450	$707,700	$320,000
Essex	$331,760	$424,800	$513,450	$638,100	$85,000
Franklin	$368,000	$471,100	$569,450	$707,700	$320,000
Grand Isle	$368,000	$471,100	$569,450	$707,700	$320,000
Lamoille	$331,760	$424,800	$513,450	$638,100	$219,000
Orange	$331,760	$424,800	$513,450	$638,100	$192,000
Orleans	$331,760	$424,800	$513,450	$638,100	$120,000
Rutland	$331,760	$424,800	$513,450	$638,100	$140,000
Washington	$331,760	$424,800	$513,450	$638,100	$189,000
Windham	$331,760	$424,800	$513,450	$638,100	$180,000
Windsor	$331,760	$424,800	$513,450	$638,100	$192,000

How are FHA loan limits determined?

The U.S. Department of Housing and Urban Development (HUD) sets FHA loan limits based on the conforming loan limit — or how large of a mortgage Fannie Mae and Freddie Mac will purchase. In 2022, that limit is $484,350.

The FHA “floor” is the largest mortgage the agency will insure in most of the country and is set at $314,827 for 2019. The FHA “ceiling” applies to high-cost areas and is set at 150% of the conforming loan limit, or $726,525. Outside of a few exceptions, this is the highest FHA mortgage the agency will insure for a single-family home. In other areas, loan limits fall somewhere between the FHA floor and ceiling.

Here are the 2022 standard FHA limits for all property types:

• One-unit: $314,827
• Two-unit: $403,125
• Three-unit: $487,250
• Four-unit: $605,525

Here are the 2019 standard FHA limits for high-cost areas:

• One-unit: $726,525
• Two-unit: $930,300
• Three-unit: $1,124,475
• Four-unit: $1,397,400

Do you qualify for an FHA loan in Vermont?

FHA loans may be a good option if you’re shopping for a home and need lower requirements for both a down payment and credit score. To see what the loan limits are in Vermont, visit the FHA loan website.