Milwaukee County, WI FHA Loan Limit — 2026
2026 FHA loan limits for Milwaukee County. Verify eligibility and estimate FHA MIP costs.
| Units | FHA Limit | Conforming |
|---|---|---|
| 1 Unit | $524,225 | $806,500 |
| 2 Unit | $671,200 | $1,032,650 |
| 3 Unit | $811,275 | $1,248,150 |
| 4 Unit | $1,008,300 | $1,551,250 |
Source: HUD. Data as of 2025-01-15.
2026 Loan Limits — Milwaukee County, WI
| Limit Type | 2026 Limit | Note |
|---|---|---|
| FHA Loan Limit (1-unit) | $524,225 | Max loan for FHA-insured mortgage |
| Conforming Loan Limit (1-unit) | $806,500 | Fannie Mae / Freddie Mac eligible |
Source: HUD / FHFA. Data as of 2025-01-15.
Local Home Values & Affordability
At a median of $190,000, Milwaukee County sits 39% below the national median of $310,000 — making it one of the more affordable markets in our dataset and well within FHA financing range.
A 20% down payment on a median Milwaukee County home requires $38,000 in cash — or $6,650 for an FHA-minimum 3.5% down payment. Buyers with less than 20% down will also need to budget for PMI or FHA MIP.
Property Tax in This Market
Milwaukee County's effective property tax rate of 2.18% is 98% above the 1.10% national average across the markets we track — placing it among the top 5 highest-tax counties in our dataset.
Based on the 2.18% effective rate and a median home value of $190,000, a typical homeowner in Milwaukee County pays approximately $4,142 in annual property taxes — or $345 per month added to their mortgage payment.
Sources: Tax Foundation 2025
Homeowners Insurance Costs
Homeowners insurance in Milwaukee County runs approximately $1,200/year ($100/month), in line with the national average of $1,600.
Premium quotes in Milwaukee County typically range from $800 to $1,800 per year depending on home age, construction type, coverage limits, and your insurer. Always get multiple quotes.
Sources: NAIC 2024
Loan Limits & Financing Options
A buyer purchasing the median Milwaukee County home ($190,000) with FHA's minimum 3.5% down would borrow $183,350 — well within the $541,287 baseline FHA limit for this county. FHA financing is a viable option for most buyers here.
With 20% down on a median-priced home, the loan amount of $152,000 stays $680,750 below the $832,750 conforming limit — giving buyers access to conventional Fannie/Freddie pricing without jumbo underwriting.
All FHA loans require an upfront mortgage insurance premium (UFMIP) of 1.75% of the loan amount, plus an annual MIP of 0.55%–0.75% of the loan balance paid monthly. On a $183,350 FHA loan, expect approximately $84/month in ongoing MIP — added to principal, interest, taxes, and insurance.
Sources: HUD ML 2025-23, FHFA 2026, HUD MIP Rates 2023
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