Question 1

What is the FHA loan limit in San Bernardino County?

Accepted Answer

FHA sets county-specific limits each year. Check current San Bernardino County limits before you start shopping — they cap what you can borrow.

Question 2

Can I use FHA to buy a condo in Upland?

Accepted Answer

Yes, but the condo complex must be FHA-approved. Many Upland complexes aren't on the approved list — verify before you fall in love with a unit.

Question 3

How much is FHA mortgage insurance?

Accepted Answer

You pay an upfront MIP of 1.75% of the loan amount, plus a monthly premium. On most FHA loans, monthly MIP stays for the life of the loan.

Question 4

Does FHA allow gift funds for the down payment?

Accepted Answer

Yes. The full 3.5% down can come from a gift. The donor must provide a gift letter stating no repayment is expected.

Question 5

Can I get an FHA loan with a past bankruptcy?

Accepted Answer

Chapter 7 requires a 2-year waiting period after discharge. Chapter 13 may qualify after 1 year of on-time plan payments with court approval.

Question 6

Why might a seller in Upland reject my FHA offer?

Accepted Answer

FHA appraisals flag property condition issues that conventional appraisals often overlook. Some sellers don't want the extra scrutiny or repair requirements.

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