FHA Loan Limits in Clay County, Iowa (2026)
Clay County and the rest of Clay County, Iowa fall under a 2026 one-unit FHA limit of $541,287. That matches the national FHA floor used across most of the Midwest.
| Property Type | 2026 FHA Loan Limit |
|---|---|
| One-unit (single family) | $541,287 |
| Two-unit (duplex) | $692,997 |
| Three-unit (triplex) | $837,720 |
| Four-unit (fourplex) | $1,041,072 |
Every community in Clay County — Clay County — shares the same 2026 FHA limits shown above, which differ from those in adjacent Polk and Linn Counties.
How much home can you afford in Clay County?
Homes around Clay County carry an estimated local median near $202,000, so an FHA buyer in Clay County puts down about $7,070 (3.5%). With Iowa's 1.52% effective property-tax rate, the all-in payment runs near $1,683 a month — comfortable on household income around $65,000, under Iowa's $70,571 median household income.
FHA payment scenarios in Clay County
Here is what an FHA payment looks like at three Clay County budgets, all with 3.5% down at a 6.25% example rate:
| Purchase Price | Down (3.5%) | Est. Monthly Payment |
|---|---|---|
| Entry-level — $145,000 | $5,075 | $1,241 |
| Local median — $202,000 | $7,070 | $1,683 |
| At the FHA limit — $541,287 | $18,945 | $4,314 |
Estimates include FHA MIP plus Iowa property taxes and insurance. Rates move daily near Clay County too — get notified.
Buyers across Clay County pair FHA with local down-payment assistance to keep upfront cash low — often turning the $7,070 down payment near Clay County into little out of pocket.
Multi-unit FHA limits in Clay County
Looking at a duplex or fourplex near Clay County? FHA allows up to $692,997 on two units and $1,041,072 on four in Clay County, with the same low 3.5% down for owner-occupants.
FHA Alerts, Free to Your Inbox
One quick signup and we keep you posted on FHA rate drops, new programs, and requirement changes.
Free to join. Msg & data rates may apply; reply STOP to opt out. See our Terms & Privacy Policy.
Frequently Asked Questions
- What is the FHA loan limit in Clay County for 2026?
- In Clay County (Clay County), the 2026 FHA limit is $541,287 for one unit, $692,997 for a duplex, $837,720 for a triplex, and $1,041,072 for a fourplex.
- What income do I need to buy in Clay County with FHA?
- For a median-priced ($202,000) Clay County home, plan on income around $65,000 at a 31% housing ratio — about $1,683/month including taxes, insurance, and MIP.
- How much is the FHA down payment in Clay County?
- 3.5% with a 580+ score — roughly $7,070 on a $202,000 Clay County-area home. Gift funds are allowed.
- Is Clay County a high-cost FHA area?
- No — Clay County uses the $541,287 national floor for one unit.