Buying a house is exciting! But finding the information to decide on a Pennsylvania FHA Loan?

Well, that can be confusing.

The Wendy Thompson Lending Team has your back!

We have years of experience to guide you through the process. 

And that’s important because the amount you can borrow with a Pennsylvania FHA loan can depend on where you want to buy a house. 

picture of downtown philadelphia centered around the skyscrapers with a banner that says FHA Loan Pennsylvania Requirements

History buffs might buy a house near Gettysburg, where your PA FHA loan limit is $331,760. Or if you're looking for bigger borrowing power - up to $765,600 - consider buying a house with a view of the Pocono Mountains in beautiful Pike County.

Here’s what you need to know about FHA loans in Pennsylvania.

Pennsylvania FHA Loan Requirements and Guidelines

The flexible FHA loan guidelines in Pennsylvania are what draws homebuyers (just like you!) to the program.

As far as FHA loan requirements in Pennsylvania, they're relatively consistent across the state. It's your maximum loan amount that can vary from one county to the next.

So, what are the requirements for an FHA loan in Pennsylvania? It’s pretty straightforward.

  • Steady income to repay the loan
  • 3.5% down payment
  • Good credit score
  • Home must be your primary residence

Fico score

APR

Mo. Payment

700+

3.375 %

$1,508.00

660 - 699

3.5 %

$1,525.00

640 - 659

3.625 %

$1,542.00

620 - 639

Currently Unavailable

N/A

600 - 619

Currently Unavailable

N/A

*Updated 4/22/20 - Rates are based on a $250,000 home with a 3.5% down payment, and includes principal, interest, taxes and insurance.  Rates change often and differ based on your state, down payment, and loan amount.  Click here for correct rates based on your situation.  

What Are The FHA Loan Limits In Pennsylvania?

FHA county loan limits in Pennsylvania range from $331,760 in places like Philadelphia and Pittsburgh to $408,250 in Levittown and $765,600 in Milford.

So, the FHA limits in Pennsylvania depend on where you want to buy a house.

However, throughout the state, the typical house value is $208,774. That means you’ll have plenty of wiggle room, even if you buy in a county with the lowest loan limit.

Want to know the max FHA loan amount in Pennsylvania where you live?

pennsylvania FHA Loan Limits

Overview:

Pennsylvania FHA loan limits in Philadelphia and Pittsburgh are $331,760. 

But Pike County, which is part of the New York-Newark-Jersey City Metropolitan Statistical Area, has a much higher borrowing limit of $765,600. 

FHA Loan Limits In Pennsylvania: 

  • Lowest: $331,760
  • Highest: $765,600
  • Website

FHA Loan Limits pennsylvania

COUNTIES

MAX FHA LOAN LIMIT FOR A SINGLE UNIT

Adams County, Allegheny County, Armstrong County, Beaver County, Bedford County, Berks County

$331,760

Blair County, Bradford County, Butler County, Cambria County, Cameron County, Centre County, Clarion County

$331,760

Clearfield County, Clinton County, Columbia County, Crawford County, Cumberland County, Dauphin County

$331,760

Elk County, Erie County, Fayette County, Forest County, Franklin County, Fulton County, Greene County

$331,760

How To Apply For A FHA Loan In PA

Applying for an FHA loan in Pennsylvania is a simple process that starts with a great lender.

Here’s why:

Your home purchase hinges on your loan approval. If you don’t start with a lender experienced in Pennsylvania FHA loans, you could end up paying a lot more in fees.

Or worse - if your lender drags their feet, you might miss out on your dream house altogether.

Here's how to apply for an FHA loan in Pennsylvania:

  • Get pre-qualified for a PA FHA loan through your lender
  • Work with a reputable real estate agent to find a home
  • Gather and submit documentation to your lender

Getting pre-qualified for an FHA loan in Pennsylvania is optional… but it can help you determine how much house you can afford.  

Are There Any FHA Down Payment Assistance Pennsylvania Programs?

Coming up with the down payment is often the biggest hurdle potential homebuyers face.

Luckily, there is FHA down payment assistance in Pennsylvania! 

For instance, the PA Housing Finance Agency offers several programs to help homebuyers purchase a house.

Keep in mind that Pennsylvania down payment assistance programs, which are sometimes called FHA bond programs, might be limited to first-time homebuyers or have annual income limits.

The Tactical FHA Loan Blueprint

FHA First Time Home Buyer PA Assistance

If you're an FHA first time home buyer in PA, the PA Housing Finance Agency has two options to choose from:

  • HFA Preferred (Lo MI)
  • Keystone Home

HFA Preferred (Lo MI) is especially helpful for homebuyers with small down payments because it looks for low-cost private mortgage insurance (PMI).

Lenders generally require PMI if you put less than 20% down.

FHA Loan Limits pennsylvania

COUNTIES

MAX FHA LOAN LIMIT FOR A SINGLE UNIT

Huntingdon County, Indiana County, Jefferson County, Juniata County, Lackawanna County, Lancaster County

$331,760

Lawrence County, Lebanon County, Luzerne County, Lycoming County, Mckean County, Mercer County

$331,760

Mifflin County, Monroe County, Montour County,  Northumberland County, Perry County, Potter County, Schuylkill County

$331,760

Snyder County Somerset County, Sullivan County, Susquehanna County, Tioga County, Union County, Venango County

$331,760

Can I Get A FHA Cash-Out Refinance Mortgage?

If you already have equity in your home, consider taking advantage of the FHA cash-out refinance program in Pennsylvania.

With the PA FHA cash-out program, you get a new FHA mortgage for more than what you owe on your current mortgage. The cash comes from the equity you've built up and can be used for high-interest debt consolidation or home improvements.

Does The FHA Offer Construction or Home Improvement Loans?

FHA construction loans in Pennsylvania are an option, too.

Depending on your goals, there are two types:

  • Construction-to-permanent loan
  • FHA 203(k) rehabilitation loan

If you're building a house, the construction-to-permanent loan is your best choice. But the FHA 203(k) rehabilitation loan is the best Pennsylvania FHA loan for home improvement.

Best FHA Lenders In PA

When your house is on the line, you want to work with a reputable lender. So, who are the best FHA approved lenders in Pennsylvania?

The Wendy Thompson Lending Team is one of the top rated lenders in the nation. They started in Tennessee but now offer their one of a kind services across the USA.  

Because we’re licensed in all 50 states - and we’re here to offer personal service to help you.

Of course, we’re not the only FHA lender in PA.

You can get a Pennsylvania FHA loan from Bank of America, Rocket Mortgage, PNC Bank, SoFi, and others.

Many also qualify as an FHA 203k lender in Pennsylvania.

Fico score

APR

Mo. Payment

700+

3.375 %

$1,508.00

660 - 699

3.5 %

$1,525.00

640 - 659

3.625 %

$1,542.00

620 - 639

Currently Unavailable

N/A

600 - 619

Currently Unavailable

N/A

*Updated 4/22/20 - Rates are based on a $250,000 home with a 3.5% down payment, and includes principal, interest, taxes and insurance.  Rates change often and differ based on your state, down payment, and loan amount.  Click here for correct rates based on your situation.  

Where to Find Current FHA Mortgage Rates In Pennsylvania

Current FHA mortgage rates in Pennsylvania can fluctuate from day to day. The trouble is that lenders set their own interest rates.

Do you know what that means?

You could pay a higher FHA interest rate for your home in Pennsylvania, and you might not even know!

We don’t want that to happen to you.

That’s why we give it to you straight. 

Generally, the better your credit score, the better your rate. Just remember that the definition of a “good credit score” can vary. It’s best to have a credit score of at least 640 to take advantage of the 3.5% down payment option with a PA FHA loan.

FHA Loan Limits pennsylvania

COUNTIES

MAX FHA LOAN LIMIT FOR A SINGLE UNIT

Warren County, Washington County, Wayne County, Westmoreland County, Wyoming County York County

$331,760

Carbon County, Lehigh County, Northampton County

$372,600

Bucks County, Chester County, Delaware County, Montgomery County, Philadelphia County

$408,250

Pike County

$765,600

Pennsylvania FHA Loan Calculator

Using an FHA calculator for your Pennsylvania home loan can help you personalize your mortgage.

Try our FHA loan calculator for Pennsylvania to see how your down payment can impact your monthly mortgage payment.

To use the Pennsylvania FHA loan calculator, enter:

  • Estimated home price
  • Down payment (or deposit) amount
  • The loan program you want
  • Anticipated interest rate
  • Yearly property tax amount
  • Home insurance premium

View your estimated monthly PITI payment, which is your payment including taxes and insurance.

Try entering different interest rates into the Pennsylvania FHA loan calculator to see how significant an impact the interest rate can have on your loan.

You might be surprised!

Where Can I Find FHA Homes For Sale In PA?

It’s best to start your search for FHA homes for sale in Pennsylvania by going to a lender. They’ll help you get pre-qualified for a PA FHA loan.

Pre-qualification isn’t required, but doing it now puts you a step ahead.

Check out the real estate database Zillow to find FHA approved homes for sale in Pennsylvania. Trulia is another real estate search option to research neighborhoods and find your next home or FHA approved condo in Pennsylvania.

Although, if a luxury home is more your style, Sotheby’s is where it’s at.

Either way, remember that a pleasant homebuying experience starts with a great lender. Discover how The Wendy Thompson Lending Team can help you get an FHA approved home in Pennsylvania!