Question 1

What is the FHA loan limit in Marin County?

Accepted Answer

Marin County qualifies for high-cost FHA limits. Check HUD's current schedule — limits adjust annually and matter a lot in this market.

Question 2

Can I use an FHA loan to buy a home in Ross?

Accepted Answer

Technically yes, but Ross prices typically exceed FHA limits. You'd need to cover the gap in cash or switch to a jumbo loan.

Question 3

Does FHA mortgage insurance ever go away?

Accepted Answer

On most FHA loans with less than 10% down, MIP lasts the life of the loan. Put 10% or more down and it drops after 11 years.

Question 4

Is FHA better than conventional for low credit scores?

Accepted Answer

Yes. FHA pricing holds up better below 680. Above 700, conventional usually wins on total cost.

Question 5

Can I buy a duplex in Marin County with FHA?

Accepted Answer

Yes — FHA allows 2-4 unit properties if you live in one unit. That's one of the stronger FHA use cases in a high-cost area.

Question 6

What credit score do I need for FHA in California?

Accepted Answer

580 for 3.5% down. Some lenders set overlays at 620 or higher — that's their call, not FHA's minimum.

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