Question 1

What is the FHA loan limit in Orange County?

Accepted Answer

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

Question 2

Can I use FHA to buy a condo in Irvine?

Accepted Answer

Yes, but the condo complex must be on HUD's approved list. Many Irvine communities are not approved, so verify before making an offer.

Question 3

Does FHA mortgage insurance ever go away?

Accepted Answer

Not automatically with less than 10% down. You'd need to refinance into a conventional loan once you have enough equity.

Question 4

What credit score do I need for FHA in Irvine?

Accepted Answer

580 gets you 3.5% down. Between 500 and 579, lenders require 10% down. Below 500, FHA won't approve the loan.

Question 5

Can I use FHA if I'm self-employed?

Accepted Answer

Yes. FHA accepts self-employment income with two years of tax returns. Lenders average the two years to calculate qualifying income.

Question 6

Is FHA worth it in a high-price market like Irvine?

Accepted Answer

It depends on your credit and savings. FHA's lower entry cost helps, but the loan limit caps borrowing power in Irvine's upper price tiers.

FHA Loans in Irvine, CA — Low Down, Real Approval