Question 1

What is the FHA loan limit in Orange County?

Accepted Answer

Orange County FHA limits exceed the national floor. Check current limits before shopping — prices in Los Alamitos can push against those ceilings.

Question 2

Can I use FHA to buy a condo in Los Alamitos?

Accepted Answer

Yes, but the condo project must be FHA-approved. Many Orange County HOA communities aren't on the approved list, so verify before making an offer.

Question 3

How long does FHA mortgage insurance last?

Accepted Answer

On most FHA loans with less than 10% down, MIP lasts the full loan term. Put 10% or more down and it drops off after 11 years.

Question 4

Is FHA harder to get accepted in competitive offers?

Accepted Answer

Some sellers prefer conventional offers. A strong pre-approval letter and fast closing timeline help close that gap in a competitive market like Los Alamitos.

Question 5

Can I refinance out of FHA later to remove MIP?

Accepted Answer

Yes. Once you build enough equity, refinancing into a conventional loan eliminates monthly MIP. Many borrowers do this within a few years.

Question 6

Do I need two years of employment to qualify?

Accepted Answer

FHA wants a two-year employment history, but job changes within the same field are generally acceptable. Gaps require explanation and documentation.

FHA Loans in Los Alamitos, CA