Question 1

What is the FHA loan limit in Alameda County?

Accepted Answer

Alameda County falls in a high-cost area, so FHA limits are set above the national baseline. Contact us for the current limit — they adjust annually.

Question 2

Can I use FHA to buy a multi-unit property in Hayward?

Accepted Answer

Yes, up to 4 units — but you must live in one of them. It's a solid strategy for house hacking in the East Bay.

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. That's a real cost to factor into your decision.

Question 4

Does FHA allow gifts for the down payment?

Accepted Answer

Yes. The full 3.5% down can come from a documented gift. The donor just needs to sign a gift letter — no repayment expected.

Question 5

Will FHA work on a fixer-upper in Hayward?

Accepted Answer

A standard FHA loan won't close on a home needing major repairs. Look at the FHA 203k rehab loan — it wraps repair costs into the mortgage.

Question 6

How does my credit score affect my FHA rate?

Accepted Answer

FHA rates shift with credit score. A 620 borrower pays more than a 700 borrower. Rates vary by borrower profile and market conditions.

FHA Loans in Hayward, CA — Low Down Payment, Real Path to Ownership