Current FHA loan limits for the Greater Austin Area are as follows:

1 Family = $271,050 base loan (after 3.50% down payment) + 1% UFMIP
2 Family = $347,000 base loan + 1% UFMIP
3 Family = $419,425 base loan + 1% UFMIP
4 Family =  $521,250 base loan + 1% UFMIP

So for a single-family dwelling with a down payment of only 3.50%, the maximum SALES PRICE would be $280,880. Anything over that would require more than the minimum down payment.  For borrowers able to put down 5% or more, then a conventional ...