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FHA loans in Cookeville, TN

Quick answer

The 2026 FHA loan limit in Cookeville, TN (Putnam County) is $541,287 for a single-family home, enough for a purchase price up to about $560,000 with 3.5% down. On the $263,800 median home value, that down payment is about $9,233 and the estimated payment is $2,129/month at 7.18%, which needs roughly $92,000 a year in income.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsData last updated

Median household income: $48,501; value-to-income ratio 5.44. Cookeville ranks 28 by home value and 24 by population among 65 places in our TN dataset.

What does an FHA loan cost on a typical Cookeville home?

ItemCookeville
Median home value (Census ACS)$263,800
Tennessee median home value$256,800
Down payment (3.5%)$9,233
Loan incl. 1.75% upfront MIP$259,022
Estimated monthly payment (PITI + MI)$2,129
Income needed (28% / 36%)$92,000 / $71,000
Putnam County 2026 FHA limit (1 unit)$541,287
Max purchase price at the limit$560,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Payment includes Tennessee's 0.55% effective property tax rate (Census ACS), $1,649/yr homeowners insurance (NAIC state average) and 0.55% annual FHA MIP.

What is the 2026 FHA loan limit in Cookeville?

Cookeville is in Putnam County where HUD's 2026 one-unit FHA limit is $541,287. With the minimum 3.5% down, that caps the purchase price at about $560,000; above that you'd need a bigger down payment or a conventional loan (conforming limit $832,750).

The Cookeville median home value of $263,800 is 3% above the Tennessee median, and within what the county limit supports.

Which down payment assistance programs can Cookeville buyers use?

FHA loans in nearby cities

CrossvilleMcMinnvilleHartsville/Trousdale CountyLebanonMurfreesboroGallatin

FHA loan FAQs for Cookeville

Cookeville is in Putnam County, where HUD's 2026 FHA limit for a one-unit home is $541,287. With 3.5% down, that supports a purchase price up to about $560,000.

3.5% of $263,800 is about $9,233 with a 580+ credit score (10%, or $26,380, with a 500–579 score), plus closing costs.

At the $263,800 median value (close to the Tennessee median of $256,800), the estimated payment of $2,129/month at 7.18% needs about $92,000 a year under the 28% housing guideline, or $71,000 if your total debts stay under 36%.

0 city-level, 0 county-level and 2 statewide programs are verified for this city (2 total). Check each official administrator's eligibility rules and available funds.

Sources

Data last updated October 23, 2026.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.