Question 1

What is the FHA loan limit for San Diego County in 2026?

Accepted Answer

San Diego County has a high-cost FHA limit, but most Coronado properties price above it. Check current limits at HUD.gov before assuming FHA covers your target home.

Question 2

Can I use an FHA loan to buy in Coronado?

Accepted Answer

Technically yes, but most Coronado homes exceed FHA loan limits. You'd need to cover the gap in cash, which defeats the low-down-payment advantage.

Question 3

Why do sellers sometimes reject FHA offers in Coronado?

Accepted Answer

FHA appraisals flag property condition issues that conventional appraisals often overlook. Sellers in a competitive market may prefer buyers with fewer contingencies.

Question 4

Is FHA or VA better for military buyers in Coronado?

Accepted Answer

VA wins almost every time for eligible borrowers. No MIP, no loan limit, and typically lower rates than FHA. Rates vary by borrower profile and market conditions.

Question 5

How long does FHA mortgage insurance last?

Accepted Answer

With less than 10% down, MIP stays for the life of the loan. Put 10% or more down and MIP falls off after 11 years.

Question 6

What credit score do I need for an FHA loan in Coronado?

Accepted Answer

580 gets you the 3.5% down option. Scores between 500 and 579 require 10% down. Below 500, FHA is not available.

FHA Loans in Coronado, CA — What You Need to Know