Question 1

What is the conforming loan limit in Fairfax for 2026?

Accepted Answer

The 2026 conforming limit for Fairfax is $1,249,125. Loans above this amount are jumbo loans. Jumbo loans typically require 20% down and a 700+ credit score.

Question 2

Is Fairfax an FHA high-cost area?

Accepted Answer

Yes. Fairfax is designated as an FHA high-cost area in 2026. FHA loan limits match the conforming limit of $1,249,125.

Question 3

Is Fairfax a VA high-cost area?

Accepted Answer

Yes. Fairfax qualifies as a VA high-cost area in 2026. VA loan limits here reach $1,249,125 for eligible veterans with zero down.

Question 4

How much do I need to put down on a conventional loan in Fairfax?

Accepted Answer

Conventional loans typically require 3% to 5% down for first-time buyers. With 20% down or more, you avoid PMI. Less than 20% down means mortgage insurance applies.

Question 5

What credit score do I need to buy in Fairfax?

Accepted Answer

Most conventional lenders require a minimum FICO of 620. FHA loans accept scores as low as 580 with 10% down. VA loans typically require 620 or higher.

Question 6

How does Marin County's median income affect my qualification?

Accepted Answer

Marin County's median household income of $142,785 sets the baseline for income-based programs. Your personal income must meet the lender's debt-to-income limits, typically 43% to 50%.

Question 7

Can I get a VA loan with zero down in Fairfax?

Accepted Answer

Yes. VA loans allow zero down for eligible veterans and active duty service members. The funding fee is 2.15% of the loan amount for first-time use.

Question 8

What is the FHA upfront mortgage insurance premium in Fairfax?

Accepted Answer

FHA upfront MIP is 1.75% of the loan amount. This rolls into your loan balance. Annual MIP then applies for the life of the loan if down payment is under 10%.

Question 9

How does the new public hiking access affect Fairfax property values?

Accepted Answer

The newly opened mountaintop hiking area increases recreational appeal in Marin. Properties near outdoor access often see steady demand. This supports long-term neighborhood desirability.

Question 10

What is a jumbo loan and when do I need one in Fairfax?

Accepted Answer

A jumbo loan exceeds the $1,249,125 conforming limit. Jumbo loans typically require 20% down, 700+ FICO, and 6-12 months of reserves. Rates usually run 0.125% to 0.5% above conforming.

Question 11

Do I need to be a first-time buyer to qualify in Fairfax?

Accepted Answer

No. Fairfax welcomes repeat buyers and investors. Qualification rules are the same regardless of prior ownership. Investment properties may require higher down payments.

Question 12

How long does closing typically take in Fairfax?

Accepted Answer

Most conventional loans close in 30 to 45 days. FHA and VA loans may take 45 to 60 days. Expedited closings are possible with complete documentation upfront.

Question 13

Can I lock my rate for 60 days in Fairfax?

Accepted Answer

Yes. Most lenders offer 30, 45, and 60-day rate locks. Longer locks may carry a small fee. Lock your rate once you're under contract.

Question 14

What closing costs should I expect in Fairfax?

Accepted Answer

Closing costs typically range from 2% to 5% of the loan amount. This includes appraisal, title, escrow, and lender fees. Ask your lender for a Loan Estimate within three business days.

Question 15

Does Bar Auklet's opening in Point Reyes Station affect Fairfax's appeal?

Accepted Answer

Bar Auklet, a new seafood restaurant in nearby Point Reyes Station, adds dining options to the Marin area. Expanded amenities support neighborhood appeal for buyers seeking local culture and dining.

Fairfax mortgage questions answered