Below are the maximum FHA loan amounts for the larger cities in California. These are the highest loan amounts you could go to in purchasing a home with a FHA loan in California. 1 unit refers to a condo or single-family home, 2 unit refers to a duplex, 3 unit a triplex and 4 unit a fourplex.
- FHA loan San Francisco: 1 unit $729,750, 2 units $934,200, 3 units $1,129,250, 4 units $1,403,400
- FHA loan San Jose, Oakland, Fremont, Hayward: 1 unit $729,750, 2 units $934,200, 3 units $1,129,250, 4 units $1,403,400
- FHA loan Los Angeles: 1 unit $729,750, 2 units $934,200, 3 units $1,129,250, 4 units $1,403,400
- FHA loan Sacramento: 1 unit $580,000, 2 units $742,500, 3 units $897,500, 4 units $1,115,400
- FHA loan Santa Ana, Irvine, (Orange County): 1 unit $729,750, 2 units $934,200, 3 units $1,129,250, 4 units $1,403,400
- FHA loan Riverside, San Bernardino, Ontario: 1 unit $500,000, 2 units $640,100, 3 units $773,700, 4 units $961,550
- FHA loan San Diego:1 unit $697,500, 2 units $892,950, 3 units $1,079,350, 4 units $1,341,350
- FHA loan Fresno: 1 unit $381,250, 2 units $488,050, 3 units $589,950, 4 units $733,150
- FHA loan Santa Barbara: 1 unit $729,750, 2 units $934,200, 3 units $1,129,250, 4 units $1,403,400
- FHA loan Santa Cruz, Watsonville: 1 unit $729,750, 2 units $934,200, 3 units $1,129,250, 4 units $1,403,400
- FHA loan Redding: 1 unit $423,750, 2 units $542,450, 3 units $655,700, 4 units $814,900
- FHA loan Vallejo, Fairfield: 1 unit $557,500, 2 units $713,700, 3 units $862,700, 4 units $1,072,150
- FHA loan Santa Rosa: 1 unit $662,500, 2 units $848,100, 3 units $1,025,200, 4 units $1,274,050
So those are the maximum FHA loan for various cities in California. If you don’t live in one of these area and would like to know the FHA max loan for your area, just give me a call or email. Remember if you buy a 2, 3 or 4 unit property and occupy one of the units as your primary residence, you can use the rental income from the other units you don’t occupy as income to qualify.
And here are some highlights to remember about FHA loans:
- To get a FHA loan credit score does not have to be perfect
- FHA loan interest rates are at historic lows
- You can use gift funds for FHA loan down payment
- Maximum FHA loan is $729,750, so you can get a FHA loan in expensive parts of California like Los Angeles, San Jose, San Francisco and San Diego
- Debt-to-income ratios on FHA loans are allowed up to 55% where conventional loans require 41% with less than 20% down
Give me a call (858-922-7899) or email (homeloan8@gmail.com) if you have any questions at all about getting approved for a FHA Loan.
Warmest Regards,
Rob Chomentowski
Sr. Loan Officer (and FHA specialist)
858-922-7899
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