FHA Loans in Raleigh, NC 2026: Limits, Requirements, and How to Decide
The FHA loan limit for Wake County, NC in 2026 is $541,287 for a single-family home. FHA loans require a minimum 3.5% down payment for borrowers with a credit score of 580 or higher, and carry mortgage insurance premiums (MIP) of 1.75% upfront plus 0.55% annually. For buyers putting less than 10% down, FHA mortgage insurance stays for the life of the loan — a key cost difference compared to conventional loans, where private mortgage insurance can be removed once you reach 20% equity.