FHA Loans in Connecticut
The FHA loan limit in Connecticut is $472,030 for a single-family home. FHA loans require just 3.5% down payment and accept credit scores as low as 580.
Several Connecticut counties, particularly Fairfield County, qualify for elevated FHA loan limits due to high home prices. This is critical for buyers in the Gold Coast communities where even modest homes exceed the baseline limit. In Hartford, New Haven, and other interior cities, the standard FHA limit provides adequate coverage for the majority of the housing stock. Connecticut's strict FHA appraisal requirements, combined with the prevalence of older homes (many pre-1950), mean buyers should budget extra time for potential repair negotiations.
By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: HUD, Zillow
FHA Loan Limit
$472,030
Min Down Payment
$16,521
3.5%
Est. Monthly Payment
$3,788
PITI + MIP
Min Credit Score
580
for 3.5% down
Monthly Payment Breakdown at FHA Limit
| Home Price | $472,030 |
| Down Payment (3.5%) | $16,521 |
| Loan Amount | $455,509 |
| Monthly Costs | |
| Principal & Interest (6.5%) | $2,879 |
| FHA Mortgage Insurance (MIP) | $209 |
| Property Tax | $582 |
| Homeowners Insurance | $118 |
| Total Monthly Payment | $3,788 |
* Estimated at 6.5% interest rate, 30-year fixed. MIP at 0.55% annual. Property tax at Connecticut's average rate of 1.48%. Includes upfront MIP of 1.75% rolled into loan.
FHA Loan Requirements
Credit Score
580+ for 3.5% down payment. 500-579 requires 10% down.
Down Payment
Minimum 3.5% of purchase price. Can be a gift from family.
Debt-to-Income
Maximum 43% DTI ratio (up to 50% with compensating factors).
Property Requirements
Must be primary residence. FHA appraisal required (stricter than conventional).
Employment
2 years of steady employment history. Self-employed need 2 years of tax returns.
Mortgage Insurance
1.75% upfront MIP + 0.55% annual MIP. Required for life of loan (unless refinanced).
FHA vs Conventional in Connecticut
| Feature | FHA | Conventional |
|---|---|---|
| Min Down Payment | 3.5% | 3-5% |
| Min Credit Score | 580 | 620 |
| Mortgage Insurance | Life of loan | Until 20% equity |
| Loan Limit (Connecticut) | $472,030 | $766,550+ |
| Best For | Lower credit, small savings | Good credit, 20%+ down |
