FHA Loan Limits in Story County, Iowa (2026)
Story County and the rest of Story 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 Story County — Story 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 Story County?
Homes around Story County carry an estimated local median near $224,000, so an FHA buyer in Story County puts down about $7,840 (3.5%). With Iowa's 1.52% effective property-tax rate, the all-in payment runs near $1,854 a month — comfortable on household income around $72,000, above Iowa's $70,571 median household income, so budget carefully.
FHA payment scenarios in Story County
Here is what an FHA payment looks like at three Story County budgets, all with 3.5% down at a 6.25% example rate:
| Purchase Price | Down (3.5%) | Est. Monthly Payment |
|---|---|---|
| Entry-level — $161,000 | $5,635 | $1,365 |
| Local median — $224,000 | $7,840 | $1,854 |
| At the FHA limit — $541,287 | $18,945 | $4,314 |
Estimates include FHA MIP plus Iowa property taxes and insurance. Rates move daily near Story County too — get notified.
Buyers across Story County pair FHA with local down-payment assistance to keep upfront cash low — often turning the $7,840 down payment near Story County into little out of pocket.
Multi-unit FHA limits in Story County
Looking at a duplex or fourplex near Story County? FHA allows up to $692,997 on two units and $1,041,072 on four in Story County, with the same low 3.5% down for owner-occupants.
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Frequently Asked Questions
- What is the FHA loan limit in Story County for 2026?
- In Story County (Story 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 Story County with FHA?
- For a median-priced ($224,000) Story County home, plan on income around $72,000 at a 31% housing ratio — about $1,854/month including taxes, insurance, and MIP.
- How much is the FHA down payment in Story County?
- 3.5% with a 580+ score — roughly $7,840 on a $224,000 Story County-area home. Gift funds are allowed.
- Is Story County a high-cost FHA area?
- No — Story County uses the $541,287 national floor for one unit.