In 2026, the FHA loan limits in Spencer county of Clay, IA, are: $472,030 for single-family homes, $604,400 for two-unit properties, $730,525 for three units, and $907,900 for four-unit buildings.
The maximum amount for conventional loans on a single-family residence is $726,200. For two-unit homes, the limit is $929,850, for three-unit homes it is $1,123,900, and for four units, it reaches $1,396,800.
Use our FHA calculator to view today’s top FHA rates and assess the necessary downpayment, income, credit, reserves, and documents for qualification.
The Lendersa® calculator lets you compare FHA rates and terms alongside those of other loan programs. Evaluate options including Conventional, Jumbo, VA, USDA, Non-QM, and hard money loans along with FHA.
Lendersa® collects extensive loan data from thousands of lenders, enabling rapid comparison with your unique financial profile.
The Loan Limits Comparison Table for 2026 in Spencer, Clay, IA, clarifies maximum amounts for FHA, Conventional Conforming, Jumbo, USDA, VA, Non-QM, Super Jumbo, Reverse Mortgage (HECM), and hard money loans. Compare qualification requirements such as income, reserves, and credit with the Lendersa® Super Loan Integrated Qualifier (SLIQ™).
| SFR | 2 Units | 3 Units | 4 Units | |
|---|---|---|---|---|
| FHA | $472,030 | $604,400 | $730,525 | $907,900 |
| Conventional Conforming | $548,250 | $702,000 | $848,500 | $1,054,500 |
| Convetional High Balance | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| USDA | $336,500 | $336,500 | $336,500 | $336,500 |
| VA | $726,200 | $929,850 | $1,123,900 | $1,396,800 |
| None-Qm | $1,500,000 | $1,500,000 | $1,500,000 | $1,500,000 |
| None- QM- Super Jumo | $5,000,000 | $5,000,000 | $5,000,000 | $5,000,000 |
| Reverse Mortgage (HECM) | $822,375 | $822,375 | $822,375 | $822,375 |
| Proprietary Reverse Mortgage (Non-FHA) | $4,000,000 | $4,000,000 | $4,000,000 | $4,000,000 |
| Hard Money | $90,000,000 | $90,000,000 | $90,000,000 | $90,000,000 |
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