Question 1

What is the FHA loan limit for San Diego County?

Accepted Answer

San Diego County is a high-cost area, so FHA limits exceed the national baseline. Check current limits with us before setting your price range.

Question 2

Can I buy a condo in Encinitas with an FHA loan?

Accepted Answer

Yes, but only in FHA-approved condo projects. We check the HUD approval list before you write an offer.

Question 3

Does FHA mortgage insurance ever go away?

Accepted Answer

Not automatically — if you put less than 10% down, MIP stays for the life of the loan. Refinancing to conventional later is the exit strategy.

Question 4

Can I use FHA for a multi-unit property in Encinitas?

Accepted Answer

Yes, FHA allows 2-4 unit properties if you live in one unit. The rental income from other units can help qualify you.

Question 5

How does FHA compare to conventional in a competitive market?

Accepted Answer

Sellers sometimes prefer conventional offers, but it's not automatic. Strong earnest money and clean terms offset the perceived risk.

Question 6

What credit score do I actually need to get approved?

Accepted Answer

FHA allows 580 for 3.5% down, but lender overlays often push that to 620 or higher. We find lenders that match your actual score.

FHA Loans in Encinitas, CA — Low Down, High Coast