Question 1

What is the FHA loan limit in Alameda County?

Accepted Answer

Alameda County qualifies for high-cost FHA limits set annually by HUD. Check current limits before assuming what you can borrow.

Question 2

Can I buy a condo in Berkeley with FHA?

Accepted Answer

Yes, but the condo project must be on HUD's approved list. Many Berkeley condo buildings are not FHA-approved.

Question 3

How long does FHA mortgage insurance last?

Accepted Answer

With less than 10% down, FHA mortgage insurance stays for the life of the loan. Refinancing to conventional is the main exit.

Question 4

Can I use gift funds for my FHA down payment?

Accepted Answer

Yes. FHA allows the full 3.5% down to come from a gift. The donor must provide a signed gift letter and paper trail.

Question 5

Is FHA harder to get accepted in competitive Berkeley offers?

Accepted Answer

Some sellers prefer conventional financing. A clean pre-approval and flexible terms can offset that perception.

Question 6

What credit score do I need for FHA in Berkeley?

Accepted Answer

Most lenders want 580+ for the 3.5% down option. Scores between 500 and 579 require 10% down and fewer lenders will approve you.

FHA Loans in Berkeley, CA — Low Down, Real Approval