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Louisiana FHA Loan Requirements 2026

Louisiana Mortgage Guides

Louisiana FHA Loan Requirements 2026

2026 FHA loan limits for all 64 Louisiana parishes, the credit and down payment minimums that actually apply, how mortgage insurance premiums work, and how an FHA loan pairs with Louisiana Housing Corporation assistance.

📖 9 min readUpdated September 2026Louisiana · FHA Loan Requirements
$541,287FHA limit (all 64 parishes)
3.5%Min down payment (580+ credit)
0.55%Annual MIP rate (most loans)
1.75%Upfront MIP

2026 FHA Loan Limits in Louisiana

Every Louisiana parish is at the 2026 national FHA floor. There is no high-cost parish, no metro exception and no tiering — the limit in Orleans Parish is the same as the limit in the most rural parish in the state.

Parish1-Unit2-Unit3-Unit4-Unit
Orleans Parish$541,287$693,050$837,700$1,041,125
Jefferson Parish$541,287$693,050$837,700$1,041,125
East Baton Rouge Parish$541,287$693,050$837,700$1,041,125
Caddo Parish$541,287$693,050$837,700$1,041,125
Lafayette Parish$541,287$693,050$837,700$1,041,125
St. Tammany Parish$541,287$693,050$837,700$1,041,125
Calcasieu Parish$541,287$693,050$837,700$1,041,125
Ouachita Parish$541,287$693,050$837,700$1,041,125
Rapides Parish$541,287$693,050$837,700$1,041,125
Terrebonne Parish$541,287$693,050$837,700$1,041,125

The ten parishes above are a sample. All 64 carry identical limits for CY2026. Confirm any parish with HUD’s FHA Mortgage Limits lookup.

FHA Loan Requirements

RequirementStandard
Minimum down payment3.5% with a credit score of 580 or above
Credit score 500–57910% down required
Debt-to-incomeGenerally up to 43%, higher with compensating factors
OccupancyPrimary residence only
Property standardsMust meet HUD Minimum Property Requirements
Mortgage insuranceUpfront premium plus an annual premium, both required

Down payment and credit figures here are practical lender thresholds. FHA’s 3.5% at 580 is separately confirmable in HUD Handbook 4000.1; individual lenders often overlay a higher score requirement.

FHA Mortgage Insurance Premiums

FHA mortgage insurance has two parts and neither is optional.

PremiumRateNotes
Upfront (UFMIP)1.75% of the base loan amountUsually financed into the loan
Annual (MIP), less than 5% down0.55% of the loan balancePaid monthly; the common case
Annual (MIP), 5% or more down0.50%30-year term

MIP rates are national and do not vary by state or parish. With less than 10% down, annual MIP stays for the life of the loan; at 10% or more it drops off after 11 years. Current rates are published in HUD Mortgagee Letter 2023-05.

FHA vs. Conventional in Louisiana

FactorFHAConventional
Minimum credit score580 at 3.5% downSet by lender
Minimum down payment3.5%3% on some programs
Mortgage insuranceUpfront plus annual; often for the life of the loanPMI only, and it cancels at 20% equity
Loan limit in Louisiana$541,287$832,750
Gift fundsPermitted for the entire down paymentPermitted, with conditions
Property conditionMust meet HUD standardsMore flexible

The gap between the two limits is unusually wide in Louisiana, because every parish sits at the FHA floor while the conforming limit is the national baseline. A buyer above $541,287 is out of FHA territory across the entire state.

Pairing FHA with LHC Assistance

FHA loans pair with Louisiana Housing Corporation assistance, and for many buyers that combination is the practical route to a purchase.

  • The FHA loan covers the 3.5% minimum down payment requirement
  • A HomeStart second mortgage supplies some or all of that 3.5%, plus closing cost help
  • LHC requires a 640 credit score, which is above FHA’s 580 practical floor — so the assistance, not the FHA loan, is usually the binding constraint

Compare current terms with the Louisiana Housing Corporation before assuming a pairing works; program terms change without reference to the FHA calendar.

Louisiana FHA loan FAQs

What is the FHA loan limit in Louisiana for 2026?
$541,287 for a one-unit property, in all 64 parishes. Two-unit is $693,050, three-unit $837,700 and four-unit $1,041,125. No Louisiana parish is designated high-cost for CY2026.
Does the FHA limit change between New Orleans and rural Louisiana?
No. Louisiana has no high-cost parish, so the limit is identical statewide. That makes the parish you buy in irrelevant to your FHA ceiling, though it says nothing about what homes actually cost there.
What credit score do I need for an FHA loan in Louisiana?
580 gets you the 3.5% minimum down payment. Between 500 and 579 the requirement rises to 10% down. These are FHA’s own thresholds; many lenders overlay a higher minimum, and Louisiana Housing Corporation assistance requires 640 regardless.
How long do I pay FHA mortgage insurance?
With less than 10% down, the annual premium stays for the life of the loan. At 10% or more down it drops off after 11 years. The upfront premium of 1.75% is charged once and is usually financed into the loan.
Can I use FHA with Louisiana down payment assistance?
Yes. LHC HomeStart programs are designed to pair with a first mortgage, and an FHA loan is an eligible type. The practical catch is the credit score: LHC requires 640, above FHA’s 580, so the assistance is usually the tighter requirement.