Tag Archives: fha loans

California FHA Loans

California FHA Loans

California FHA loans make it easier for homebuyers with little to no money down or those with less than perfect credit to purchase a new home. Typical FHA loans require a minimal down payment of 3.5% but when combined with various other home buyer programs it is possible to purchase with only 1% down or less.

California FHA LoansTHE Federal Hosing Authority (FHA) has been insuring loans since 1934.  By backing or insuring the loans, the FHA program allows lenders to provide mortgages with lower down payments, lower closing costs, and easier credit requirements.

There are California FHA loans available for borrowers that fall within a wide range of credit criteria including scores as low as 580 and home buyers who have experienced previous bankruptcies, foreclosures, or even short sales.  Alternative credit may be used for applicants that do not have established traditional credit.  Alternative credit may be in the form of utility bill history, proof of rental income, and private loan ledgers.  FHA loans are available for single family residences as well as condos, townhomes, and there are programs for mobile homes and manufactured homes.  There is an FHA loan program for home buyers purchasing a manufactured or mobile home on land and another for homebuyers purchasing a mobile or manufactured home in a park.

FHA Energy Efficient Mortgage Program allows California home buyers to finance the costs of making their new home more energy efficient.

Borrowers 62 years and above may take advantage of the reverse mortgage program for either tapping into their current home equity or purchasing a homes with a substantial down payment and no additional payments for as long as they live in the dwelling.   For additional information on California FHA loans, complete the short information form and a loan counselor will contact you to answer all of your questions.









California Housing Finance Agency

FHA Loan Limits California

FHA loan limits vary for each California County. The FHA Loan Limits are set by HUD, and they are recalculated on an annual basis.   The limits are based on a percentage calculation of the nation FHA loan limitsconforming loan limit.   The 1 unit (single family) limits are calculated by factoring in the median price value of homes within the specific county.

Depending on those limits, FHA’s minimum national loan limit “floor” is at 65% of the national conforming loan limit. The floor applies to those areas where 115% of the median home price is less than 65% of the national conforming loan limit.

On the higher end of the scale, any area where the loan limit exceeds the “floor” is considered a high cost area. The maximum FHA national loan limit “ceiling” is at 150% of the national conforming limit. In areas where 115% of the median home price (of the highest cost county) exceeds 150% of the conforming loan limit, the FHA loan limits remain at 150% of the conforming loan limit.

Areas are eligible for FHA loan limits above the national standard limit, and up to the national ceiling level, based on that particular area’s median area home prices.   Several California counties are considered high cost areas, and the loan limits in those counties are current set at the ceiling loan limit.


County,FHA Loan Limit

Alameda,$ 625000
Orange ,$ 625500
Alpine,$ 463450
Placer,$ 474950
Amador,$ 417000
Plumas,$ 417000
Butte,$ 417000
Riverside,$ 417000
Calaveras,$ 417000
Sacramento,$ 474950
Colusa,$ 417000
San Benito,$ 625500
Contra Costa,$ 625000
San Bernardino,$ 417000
Del Norte,$ 417000
San Diego,$ 546250
El Dorado,$ 474950
San Francisco,$ 625500
Fresno,$ 417000
San Joaquin,$ 417000
Glenn,$ 417000
San Luis Obispo,$ 561200
Humboldt,$ 417000
San Mateo,$ 625500
Imperial,$ 417000
Santa Barbara,$ 603750
Inyo,$ 417000
Santa Clara,$ 625500
Kern,$ 417000
Santa Cruz,$ 625500
Kings,$ 417000
Shasta,$ 417000
Lake,$ 417000
Sierra,$ 417000
Lassen,$ 417000
Siskiyou,$ 417000
Los Angeles,$ 625500
Solano,$ 417000
Madera,$ 417000
Sonoma,$ 520950
Marin,$ 625500
Stanislaus,$ 417000
Mariposa,$ 417000
Sutter,$ 417000
Mendocino,$ 417000
Tehama,$ 417000
Merced,$ 417000
Trinity,$ 417000
Modoc,$ 417000
Tulare,$ 417000
Mono,$ 529000
Tuolumne,$ 417000
Monterey,$ 483000
Ventura,$ 598000
Napa,$ 592250
Yolo,$ 474950
Nevada,$ 477250
Yuba,$ 417000


HUD Website