Question 1

What is the FHA loan limit in Marin County?

Accepted Answer

Marin is a high-cost area, so FHA limits exceed the national baseline. Check current HUD guidelines — limits adjust annually.

Question 2

Can I use FHA to buy a condo in Larkspur?

Accepted Answer

Only if the condo complex is on HUD's approved list. Confirm approval status before writing an offer.

Question 3

How long does FHA mortgage insurance last?

Accepted Answer

For most FHA loans with less than 10% down, mortgage insurance stays for the life of the loan. It does not auto-cancel like conventional PMI.

Question 4

Is FHA a good fit for Larkspur's price range?

Accepted Answer

It depends on the purchase price. If you're near the FHA limit ceiling, a jumbo or conventional loan may be the only option.

Question 5

What credit score do I need for FHA in California?

Accepted Answer

FHA requires 580 for 3.5% down. Some lenders set their own minimums higher — we find lenders who work with your actual score.

Question 6

Can a first-time buyer use FHA in Larkspur?

Accepted Answer

Yes. FHA is not limited to first-time buyers, but it's popular with them due to the low down payment requirement.

FHA Loans in Larkspur, CA — What You Need to Know