Question 1

What is the FHA loan limit in Marin County?

Accepted Answer

Marin County falls in a high-cost area, so FHA limits exceed the national baseline. Check HUD's current limit table — it updates annually.

Question 2

Can I buy a condo in Novato with FHA?

Accepted Answer

Only FHA-approved condo projects qualify. Check HUD's condo approval list before you make an offer — many Novato complexes are not on it.

Question 3

Does FHA require a home inspection in Novato?

Accepted Answer

FHA requires an appraisal, not a full inspection. Hire your own inspector separately — an appraisal won't catch everything.

Question 4

How long does FHA mortgage insurance last?

Accepted Answer

With less than 10% down, FHA mortgage insurance lasts the full loan term. Put 10% or more down and it drops off after 11 years.

Question 5

Is FHA a good choice in a competitive Marin market?

Accepted Answer

Some sellers prefer conventional buyers due to stricter FHA appraisal rules. A strong offer strategy and fast pre-approval can offset that concern.

Question 6

Can I use gift funds for my FHA down payment?

Accepted Answer

Yes. FHA allows 100% of your down payment to come from a documented gift. The donor cannot be the seller or a party with interest in the deal.

FHA Loans in Novato, CA — Low Down, High Value