Question 1

What is the FHA loan limit in Orange County?

Accepted Answer

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

Question 2

Can I use FHA to buy a condo in Garden Grove?

Accepted Answer

Yes, but the condo project must be on FHA's approved list. Verify approval before making an offer.

Question 3

How much is the down payment on an FHA loan?

Accepted Answer

3.5% down if your credit score is 580 or above. You need 10% down if your score is between 500 and 579.

Question 4

Can I use gift money for my FHA down payment?

Accepted Answer

Yes. FHA allows the full down payment to come from a gift. The donor must provide a signed gift letter.

Question 5

How long does FHA mortgage insurance last?

Accepted Answer

For most FHA loans, mortgage insurance stays for the life of the loan. Put 10% down and it drops after 11 years.

Question 6

Is FHA harder to get approved than conventional in Garden Grove?

Accepted Answer

FHA is generally more flexible on credit and down payment. But property condition requirements are stricter — FHA appraisers flag issues that conventional appraisals often pass.

FHA Loans in Garden Grove, CA