Question 1

What's the FHA loan limit in Orinda?

Accepted Answer

$1,249,125 for a single-family home in Contra Costa County. This limit applies to all cities in the county including Orinda.

Question 2

Can I remove FHA mortgage insurance?

Accepted Answer

Only if you put 10%+ down—then it drops after 11 years. Otherwise MI stays for the loan's life unless you refinance to conventional.

Question 3

Do Orinda sellers accept FHA offers?

Accepted Answer

They do, but conventional offers get preference in multiple bid scenarios. Strong pre-approval and quick close timeline improve acceptance odds.

Question 4

What credit score do I need for FHA?

Accepted Answer

580 minimum for 3.5% down. Some lenders accept 500-579 with 10% down, but most overlay that requirement out entirely.

Question 5

How does FHA compare to conventional in Orinda?

Accepted Answer

Conventional costs less above $700K if you have 680+ credit and 5% down. FHA works better for lower credit scores or 3.5% down.

FHA Loans in Orinda: Government-Backed Financing for Contra Costa County Buyers