How Much House Can I Afford With an FHA Loan?

If you’ve been watching home prices and wondering whether buying is still within reach, you’re not alone. The typical homebuyer’s monthly mortgage payment recently hit a 14-month high of $2,641, according to Redfin data. For buyers who don’t have 20% saved, an FHA loan can open the door, with down payments as low as 3.5% and more flexible credit requirements than most conventional loans. So how much house can you afford with an FHA loan? It comes down to a few key factors: your income, your monthly debts, your credit score, and your interest rate, plus costs like property taxes, homeowners insurance, and FHA mortgage insurance. This guide breaks down each one and shows what the numbers look like in 2026. Want a quick estimate first? Try Redfin’s home affordability calculator, which uses your income, savings, and monthly debts to show homes in your price range. Key takeaways How much house you can afford with an FHA loan depends on your income, debts, credit score, and interest rate, plus taxes, insurance, and FHA mortgage insurance. For example, a buyer earning $80,000 a year with $500 in monthly debts can afford about $285,000 with 3.5% down at a 6.7% rate. FHA’s standard debt-to-...