Question 1

What is the 2026 conforming loan limit in Marin County?

Accepted Answer

The 2026 conforming limit is $1,249,125. Loans above this amount are jumbo loans. Jumbo loans typically require stronger credit and a larger down payment.

Question 2

Is Marin County an FHA high-cost area?

Accepted Answer

Yes. Marin County is designated as an FHA high-cost area. This means FHA loan limits match the conforming limit of $1,249,125 for 2026.

Question 3

Is Marin County a VA high-cost area?

Accepted Answer

Yes. Marin County qualifies as a VA high-cost area. VA loan limits in 2026 are $1,249,125, the same as the conforming ceiling.

Question 4

What down payment do I need to buy in San Rafael?

Accepted Answer

Down payment requirements vary by loan type. Conventional loans typically require 5% to 20% down. FHA allows 3.5% down with a 580+ credit score. VA loans offer zero down for eligible veterans.

Question 5

Do I need 20% down to avoid PMI?

Accepted Answer

Yes. On a conventional loan, 20% down (80% LTV) eliminates PMI. Below 20% down, PMI applies until you reach 78% LTV through payments or refinancing.

Question 6

What credit score do I need for an FHA loan?

Accepted Answer

FHA requires a minimum 580 FICO score for a 3.5% down loan. Some lenders may require 620+ for better terms. Higher scores typically qualify for lower rates.

Question 7

How long does FHA mortgage insurance last?

Accepted Answer

FHA mortgage insurance (MIP) runs for the life of the loan if you put down less than 10%. With 10% or more down, MIP cancels after 11 years of payments.

Question 8

Can I get a VA loan with zero down in San Rafael?

Accepted Answer

Yes. VA loans offer zero-down financing for eligible veterans, active duty, and surviving spouses with a Certificate of Eligibility. A funding fee replaces PMI.

Question 9

What is the VA funding fee?

Accepted Answer

The VA funding fee is 2.15% of the loan amount on your first VA loan at zero down. It's rolled into the loan balance. Veterans with a 10%+ disability rating are exempt.

Question 10

How does the new mountaintop access affect San Rafael property values?

Accepted Answer

The newly opened mountaintop hiking access may increase appeal for outdoor-focused buyers. Proximity to recreation often supports property values in Marin County communities.

Question 11

What does the Marin County median household income tell me about affordability?

Accepted Answer

Marin County's median household income is $142,785. This benchmark helps lenders assess debt-to-income ratios. Your personal income must support the loan amount you're seeking.

Question 12

Are jumbo loans available in San Rafael above $1,249,125?

Accepted Answer

Yes. Jumbo loans are available for purchases above the $1,249,125 conforming limit. Jumbo loans typically require 700+ credit, 20%+ down, and 6-12 months of liquid reserves.

Question 13

Can I use a USDA loan in San Rafael?

Accepted Answer

USDA loans are available only in designated rural areas. San Rafael is urban and does not qualify for USDA financing. Conventional, FHA, and VA loans are your primary options.

Question 14

What is the difference between FHA and VA loan limits in Marin County?

Accepted Answer

In 2026, both FHA and VA loan limits in Marin County are $1,249,125. The key difference is down payment: FHA requires 3.5% minimum, while VA offers zero down for eligible borrowers.

San Rafael mortgage questions answered