Tags: 2022 Low-Cost DES MOINES-WEST DES MOINES, IA
This page contains the Conforming, FHA, VA, and HECM Loan Limits for each housing type in Madison County.
Loan Limit Tables Madison County, IA
Loan Limits are the maximum amount of money allowed to be lent for a particular kind of loan. Different types of loans have different limits. Below are the 2022 loan limits for Madison County, IA.
Conforming Loan Limits
FHA Loan Limits
Loan Limit Breakdown
Median Home Price
The Federal Housing Finance Agency (FHFA) conducts an annual survey to determine the median home prices in each county or metro area in the US. Median home price is then used to determine the loan limits in Madison County.
The last survey of home prices in Madison County was conducted in 2021 and found the median home price was $269,000.
Loan Limits Summary
Based on the median home price, Madison County was determined to be a "low-cost" area. Accordingly, 2022 loan limits in Madison County are set equal to the national baseline limit.
The 2022 conforming loan limit for a single-family home in Madison County, IA is $647,200. The FHA loan limit for a single-family home is $420,680.
This is an 15.3% increase over the 2021 loan limits which were set at $548,250 for a single-family conventional.
The tables above provide a complete breakdown of 2022 loan limits in Madison County, IA for FHA Loans, Conforming Loans, VA Loans, and HECM Reverse Mortgages.
Loan Limits on this page apply to the following cities in Madison County, Iowa: Winterset, Earlham, Saint Charles, Truro, Bevington, Macksburg, Patterson, and Peru.
These loan limits also apply to the following ZIP codes in Madison County, Iowa: 50273, 50072, 50240, 50257, 50033, 50155, 50218, and 50222.
Madison County, IA is considered part of the following metro area: DES MOINES-WEST DES MOINES, IA.
More on Madison County, IA
Want to learn more about Madison County, IA? See Fair Market Rents in Madison County, IA to view 40th percentile FMRs and SAFMRs by ZIP code or click here to find a Public Housing Authority near Madison County, IA who can help with finding affordable housing near you.
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