Question 1

What's the FHA loan limit in San Anselmo?

Accepted Answer

$1,249,125 for single-family homes in Marin County. This covers most non-luxury properties in San Anselmo but excludes higher-end estate homes.

Question 2

Can I use FHA for a condo in San Anselmo?

Accepted Answer

Only if the complex is FHA-approved. Check the HOA's approval status before writing an offer—individual unit approval isn't enough.

Question 3

Does FHA work in competitive San Anselmo markets?

Accepted Answer

Yes, especially with strong pre-approval and quick closing timelines. Sellers care more about certainty than loan type when offers are clean.

Question 4

How much is mortgage insurance on FHA?

Accepted Answer

1.75% upfront plus annual premiums around 0.55-0.85% of the loan balance. On a $900K loan, expect roughly $550-$650 monthly for MI.

Question 5

What credit score do I need for FHA in Marin?

Accepted Answer

580 for 3.5% down payment, though some lenders add overlays requiring 600-620. We find lenders at true FHA minimums.

FHA Loans in San Anselmo: Low Down Payment Access to Marin County