FHA Loan Limits in Wapello County, Iowa (2026)
In Wapello County — anchored by Wapello County — the 2026 FHA loan limit for a single-family home is $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 |
These 2026 limits apply throughout Wapello County, from Wapello County outward, and sit alongside the limits set for neighboring Polk and Linn Counties.
Affording a home in Wapello County & Wapello County
An FHA buyer near Wapello County faces an estimated $213,000 median, a $7,455 down payment, and — after Iowa's 1.52% property tax — a monthly cost around $1,768. That suits household income of roughly $68,000, under Iowa's $70,571 median household income.
FHA payment scenarios in Wapello County
Whether you are buying in Wapello County or a smaller Wapello County community, here is how an FHA payment scales by price (3.5% down, 6.25% sample rate):
| Purchase Price | Down (3.5%) | Est. Monthly Payment |
|---|---|---|
| Entry-level — $153,000 | $5,355 | $1,303 |
| Local median — $213,000 | $7,455 | $1,768 |
| At the FHA limit — $541,287 | $18,945 | $4,314 |
Estimates include FHA MIP plus Iowa property taxes and insurance. Rates move daily near Wapello County too — get notified.
In Wapello County and the surrounding Wapello County market, FHA's appeal is the math: $7,455 down on a $213,000 home, credit accepted from 580, and assistance programs that can cover closing costs.
Multi-unit FHA limits in Wapello County
Investors and house-hackers in Wapello County and across Wapello County can finance 2-4 unit homes with FHA at just 3.5% down: $692,997 for a duplex, $837,720 for a triplex, and $1,041,072 for a fourplex.
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Frequently Asked Questions
- What is the FHA loan limit in Wapello County for 2026?
- In Wapello County (Wapello 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 Wapello County with FHA?
- For a median-priced ($213,000) Wapello County home, plan on income around $68,000 at a 31% housing ratio — about $1,768/month including taxes, insurance, and MIP.
- How much is the FHA down payment in Wapello County?
- 3.5% with a 580+ score — roughly $7,455 on a $213,000 Wapello County-area home. Gift funds are allowed.
- Is Wapello County a high-cost FHA area?
- No — Wapello County uses the $541,287 national floor for one unit.