FHA Loans in Louisiana
The FHA loan limit in Louisiana is $472,030 for a single-family home. FHA loans require just 3.5% down payment and accept credit scores as low as 580.
Louisiana's FHA limits at the baseline easily cover the state's affordable housing market. FHA is an especially important lending product in Louisiana because many buyers need to preserve cash for the state's high homeowners insurance costs. FHA loans combined with Louisiana's generous homestead exemption create some of the most affordable monthly payments in the country. However, FHA appraisals in Louisiana are notably strict about flood-related concerns, and properties in flood zones must meet elevation requirements.
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
$3,422
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 | $216 |
| Homeowners Insurance | $118 |
| Total Monthly Payment | $3,422 |
* Estimated at 6.5% interest rate, 30-year fixed. MIP at 0.55% annual. Property tax at Louisiana's average rate of 0.55%. 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 Louisiana
| 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 (Louisiana) | $472,030 | $766,550+ |
| Best For | Lower credit, small savings | Good credit, 20%+ down |
