Union County FHA Loan Calculator

Union County homebuyers using FHA loans benefit from an accessible 11.27% down payment, but this triggers mandatory Mortgage Insurance Premiums (MIP) for the loan’s lifetime, regardless of equity buildup. The 88.73% loan-to-value ratio confirms this is a low-down-payment market for primary residences, ideal for those with sub-620 credit. With an average property value of $183,518.52 and a 6.592% rate, the effective 0.80% property tax rate adds modest monthly cost, though the recent 4.8% inflation-adjusted tax increase will gradually raise true affordability. When evaluating FHA loan limits and tax calculator tools, factor in this permanent MIP and rising tax burden.