FHA Loan Limits Connecticut 2022 | FHA Loan Limits by County and Home Type

In 2022, the FHA loan limits in Connecticut for a single-unit property range from $420,680 in lower price counties to $695,750 in higher-priced counties. Overall the range in FHA loan limits is fairly tight in Connecticut. Counties with higher living expenses tend to have higher FHA loan limits to accommodate the higher cost of living. Let’s take a look at how FHA loan limits vary by other counties and home types in Connecticut.

Editorial Note: All data regarding loan limits is pulled directly from the FHA and is current as of 2022. These numbers are subject to change and evaluated by the FHA each year.

Connecticut FHA Loan Limits 2022 – By County and Home Type

As you can see from the data, Fairfield county has the highest FHA loan limits. This is due to the fact that there is a higher cost of living associated with living in Fairfield county. All other counties in Connecticut have the same FHA loan limit of $420,680. You can see from the data that all the other counties have a lower median home sales price range, whereas Fairfield county has the highest with a median home sales price of $605,000 for 2022.

How are FHA Loan Limits Determined in Connecticut?

The FHA loan limits in Connecticut are subject to change each year. The loan limits are based on a set percentage of the conforming loan limits set by FHFA for conventional mortgages. Conventional loan limits reflect changes in the average U.S. home prices over the past year.

The FHA loan limit is typically 65% of the conforming loan limit for conventional mortgages. Conventional loan limits vary between county-level limits for both high-cost and low-cost areas.

FHA loan limit calculation example:

The 2022 low-cost FHA limit in Connecticut or commonly referred to as the “floor” is $420,680 for a single-family home. The FHA “floor” is 65% of the conforming loan limit for conventional mortgages which was $647,200 in 2022. This limit is for a single-family unit. The low-cost loan limit goes up with each additional unit:

  • $980,700 – two-unit property
  • $1,076,650 – three-unit property
  • $1,338,000 – four-unit property

The higher FHA loan limits are adjusted for higher-cost areas that tend to have higher median home prices. Knowing where these areas in the state of Connecticut are will help you find out how much of a loan you can qualify for under the FHA loan limits.

How to Qualify for an FHA Loan in Connecticut

It’s worth noting that property taxes in Connecticut are the fourth highest in the country. The effective property tax rate in Connecticut is 2.14% which is double the national average of 1.07%. This can impact the borrower’s ability to qualify for an FHA loan. Below are the standard qualifications for borrowers to pass in order to get an FHA loan in Connecticut.

  • FICO score at least 580 = 3.5% down payment
  • FICO score between 500 and 579 = 10% down payment
  • Mortgage insurance is required
  • DTI of less than 43%
  • The home must be the borrower’s primary residence
  • The borrower must be employed and have a steady income

The higher property taxes in Connecticut can impact the FHA loan denial rate for mortgages originating in Connecticut. As such, it’s important to properly account for your property taxes when applying for an FHA loan.

FHA Lenders in Connecticut

Below are some of the most popular FHA lenders in Connecticut along with their minimum FHA credit score requirements in order to qualify.

These are some of the top rates mortgage lenders in Connecticut that extend FHA loans to qualified borrowers.


Does Connecticut have a first-time buyer program?

The Connecticut Housing Finance Authority provides a first-time homebuyer program to help people with down payment assistance. The program is built to help low income home buyers by giving them a forgivable loan to cover their down payment costs.

Can the FHA Loan Limit Decrease?

The FHA loan limit can decrease if there is a decrease in the conventional loan limits for the respective year. This indicates that there is an overall shift in property prices to the downside across the nation.