FHA Loan Limits in NC are set to adjust annually, and the 2019 FHA Loan Limits in NC were just announced last month. The important thing to remember when viewing these changes is that 5 times in recent years, FHA announced lower maximum loan limits for areas like Charlotte and Raleigh – this is the first time we’ve seen them go up year over year.
FIND THE FHA Loan Limits for NC in 2023 Here
Many home buyers in North Carolina take advantage of the FHA Mortgage Loan program because it has the most forgiving underwriting guidelines for those with lower credit scores, and it only requires a 3.5% down payment.
First time home buyer programs in NC, including the NC Housing (I’ll refer to it here as NCHFA) Mortgage Credit Certificate (MCC) program and the Down Payment Grant of 3%, also work well with the FHA Home Loan in NC.
These maximum 2019 FHA loan limits in NC are effective for CASE NUMBERS pulled after 12/31/2018.This means the contract must be written by that date, and the loan application taken by the end of this year.
In NC the primary markets that will see a change of $15,000 to $30,000 include Asheville, Charlotte, Raleigh and Wilmington. These areas all saw increases to the FHA Loan Limits, which is great news.
FHA eligibility requirements make no restrictions on the maximum income to qualify for a FHA home loan, and there are no restrictions on where the property is located (like there are with USDA Home Loans). FHA does set a maximum loan limit per County, and it updates those maximum loan limits each year.
2019 FHA Loan Limits in NC By Metro Area
Most of the 100 Counties in NC have a maximum FHA Loan Limit of $314,827, however, larger metropolitan areas have some variations.
Asheville NC /Buncombe County Maximum FHA Loan Limit in 2019 is $314,827. That’s UP from the Asheville area Maximum FHA Loan Limit in 2013 of $303,750. Haywood County, Henderson County, and Madison County fall in the “Metro” area for Asheville, and will see their FHA Loan Limits go to $314,827 as well.
Charlotte NC / Mecklenburg County Maximum FHA Loan Limit in 2019 is $317,400. That’s UP from the Charlotte area Maximum FHA Loan Limit in 2013 of $303,750. The maximum FHA Loan Limit is also adjusted for Anson County, which is just south of Charlotte to $314,827. Cabarrus County, Union County, and Gaston County – meaning Belmont, Gastonia, Matthews and Monroe will also be in the new FHA Loan Limit. Mooreville and Iredell County was already at a FHA Maximum Loan Limit of $317,400.
Raleigh NC / Wake County Maximum FHA Loan Limit in 2019 is $339,250. That’s up from the Raleigh area Maximum FHA Loan Limit in 2017 of $280,600. The Maximum FHA Loan Limit for Clayton, and Johnston County in 2019 is also going higher to the $339,250 limit. Franklin County FHA Loan Limits will also adjust to $339,250 FHA Limit.
Cumberland, Harnett and Granville County (including Fayetteville, NC) have a maximum FHA Loan Limit of $314,827.
Durham NC / Durham County Maximum FHA Loan Limit in 2019 is $403,650. The Chapel Hill, NC FHA Loan Limit for 2019 is also $403,650. Person County, and Roxboro NC also have a maximum FHA Loan Limit of $403,650 in 2019.
Wilmington NC / New Hanover County Maximum FHA Loan Limit in 2019 is $314,827. That’s UP from the Wilmington area Maximum FHA Loan Limit in 2017 of $303,750. The Maximum FHA Loan Limit for Surf City and Pender County is also going up to $314,827, as well as Brunswick County and Southport NC.
Jacksonville, NC / Onslow County FHA Loan Limit in 2019 is $314,827. That’s UP from the Jacksonville, NC area Maximum FHA Loan Limit in 2018 of $294,515.
Morehead NC / Carteret County FHA Loan Limit in 2019 is $314,827. That’s UP from the Morehead, NC area Maximum FHA Loan Limit in 2018 of $294,515.
Elizabeth City NC / Camden County FHA Loan Limit in 2019 is $726,525. That’s UP from the Elizabeth City, NC area Maximum FHA Loan Limit in 2013 of $729,500. Pasquotank County, and Perquimans County will also see FHA Loan Limit changes to $726,525.
Kill Devil Hills / Dare County FHA Loan Limit in 2019 changes to $391,000. This FHA Loan Limit changes the 2013 limit of $460,000.
Winston Salem NC/ Forsyth County Maximum FHA Loan Limits in 2019 is $314,827. This is higher from the 2018 FHA Maximum Loan Limit for Forsyth County. High Point is actually in multiple counties, including Forsyth, and if you are interested in a FHA Loan in High Point, you should look at the County limit for the part of town you are interested in.
Greensboro, NC / Guilford County Maximum FHA Loan Limits in 2019 is $314,827. This is higher from the 2018 FHA Maximum Loan Limit for Guilford County. Alamance County and Burlington, NC maximum FHA Loan Limits are also $314,827 in 2019.
Greenville NC / Pitt County Maximum FHA Loan Limits for 2019 is $314,827 which is slightly higher than last year’s FHA Loan Limits for Greenville NC.
If you are considering a new home purchase in NC, or have more questions about 2019 FHA Loan Limits in NC please call Steve and Eleanor Thorne 919-649-5058. We offer all of the NC First Time Home Buyer Programs available, and we understand the Real Estate and new home real estate market in North Carolina. Don’t let your credit score keep you from buying a house in 2019! We offer FHA Home Loans with middle credit scores under 600!
Quick question, my husband and I talked to a mortgage company just this past Friday that can offer FHA loans under 600 mid score. We’re rebuilding and fall a little shy of the 620 right now so its great knowing we could still get the fha financing, but that company stated they didn’t offer any down payment assistance like I’ve heard was available out there. Are you able to offer or have access to a down payment assistance program? We are wanting to move forward pretty much right away.
Tamara – not all mortgage companies offer the Down Payment Assistance program. Please call us at 919 649 5058, we definitely can help get you into your new home!
Hi I sent you a message a little while ago about applying for USDA, but my husband and I were recently told our income exceeds the limit. So now we are looking into fha. My husband credit scores range from 540-550. Mine 650-670. What is the minimum score and do you think we could be ready by July/August?
Audrea,we would not be able to use your husband’s credit for a loan, but we might be able to work with you on a Home Ready FNMA Loan? Please call us at 919 649 5058
what is the difference in nc housing and fha loans?
Judy FHA loans can be done with NC Housing. Housing typically is used for down payment assistance. So FHA requires a 3.5% down payment, and you can use NC Housing to help with that 🙂 If you want us to help you with that please call 919 649 5058