Question 1

What is the FHA loan limit in Napa County?

Accepted Answer

Napa County qualifies for higher FHA limits due to local home prices. Check HUD's current limit before setting your max purchase price.

Question 2

Can I use FHA to buy a condo in American Canyon?

Accepted Answer

Yes, but the condo project must be FHA-approved. Not all complexes qualify — check the HUD approval list first.

Question 3

How long does FHA mortgage insurance last?

Accepted Answer

If you put less than 10% down, MIP stays for the life of the loan. At 10% or more, it drops after 11 years.

Question 4

Is FHA a good fit for first-time buyers here?

Accepted Answer

It's one of the strongest options for first-time buyers with limited savings. The 3.5% down requirement is hard to beat at this price point.

Question 5

Can I get an FHA loan with past credit issues?

Accepted Answer

FHA is more forgiving than conventional. Bankruptcies and foreclosures have waiting periods, but approval is possible sooner than most expect.

Question 6

Do FHA rates differ from conventional rates?

Accepted Answer

FHA rates are often competitive with conventional, sometimes lower. Rates vary by borrower profile and market conditions — always compare both.

FHA Loans in American Canyon, CA