Loan Limits / Kansas / Wallace County
2026 Loan Limits · Kansas · NON-METRO
Wallace County, KS.
2026 conforming and FHA loan limits, calibrated to a median sales price of $125,000.
Median Sales Price
$125,000
Per HUD CHUMS, 2026
Conforming 1u Limit
$832,750
Standard conforming
FHA 1u Limit
$541,287
Floor
Jumbo Threshold
> $832,750
1-unit · loans above this are jumbo
Conforming (Fannie / Freddie)
Standard conforming| 1-unit (single-family) | $832,750 |
| 2-unit (duplex) | $1,066,250 |
| 3-unit (triplex) | $1,288,800 |
| 4-unit (fourplex) | $1,601,750 |
FHA Forward (203b)
Floor| 1-unit (single-family) | $541,287 |
| 2-unit (duplex) | $693,050 |
| 3-unit (triplex) | $837,700 |
| 4-unit (fourplex) | $1,041,125 |
About this county
About Wallace County
Wallace County is a county located in the U.S. state of Kansas. Its county seat is Sharon Springs. As of the 2020 census, the county population was 1,512, making it the second-least populous county in Kansas. The county was created in 1868 and named in honor of Brigadier General W. H. L. Wallace, who had been mortally wounded in combat in the Battle of Shiloh. Wallace County is home to Mount Sunflower, the highest point in Kansas at 4,039 feet. Mount Sunflower is located approximately 15 miles (24 km) north-northwest of Weskan, less than one mile (1.6 km) from the Colorado state line. It is one of four Kansas counties to use the Mountain Time Zone rather than the Central Time Zone like the remainder of Kansas. Read more on Wikipedia →
Population
1,459
U.S. Census ACS 2023
Median Household Income
$60,263
U.S. Census ACS 2023
Median Home Value (Census)
$94,200
Owner-occupied · ACS 2023
Owner-Occupancy Rate
72%
Of occupied housing
What these limits mean for buyers in Wallace County
The 2026 conforming 1-unit limit for Wallace County is $832,750. Loans at or below this amount can be sold by the originating lender to Fannie Mae or Freddie Mac, which keeps pricing tight and underwriting consistent. Wallace County uses the standard national conforming baseline.
For FHA financing, the 2026 1-unit limit is $541,287. The HUD CHUMS table pegs the median sales price for Wallace County at $125,000. This matches the FHA national floor — Wallace County did not qualify for an upward adjustment for 2026.
Practical takeaway. The median sales price in Wallace County ($125,000) is below both limits — FHA, conventional, and VA financing all cover median-priced purchases here. Choice between programs comes down to credit, down payment, and overlay differences.
How the limits are set
Conforming limits come from the Federal Housing Finance Agency (FHFA), which adjusts them each year based on changes in the FHFA Housing Price Index. FHA limits come from HUD: the national floor is $541,287 (65% of conforming baseline), the ceiling is $1,249,125 (150% of conforming baseline), and counties between are calculated as 115% of the area median sales price.
Multi-unit and house-hacking math
Wallace County 2-, 3-, and 4-unit conforming limits are $1,066,250, $1,288,800, and $1,601,750 respectively. If you're house-hacking — owner-occupying one unit of a 2-4 unit property — these are the limits that matter, and the rental income on the other units can be used to qualify. FHA and VA both finance owner-occupied 2-4 unit properties at their own multi-unit limits.
Limits effective 2026 per HUD CHUMS publication. Sourced GSE and FHA files. Generated 2026-04-26.
Buying in Wallace County?
We'll structure the loan against the right limit and the right program. Conforming, FHA, VA, jumbo — all in-house.