Question 1

What is the FHA loan limit in San Diego County?

Accepted Answer

San Diego County is a high-cost area, so FHA limits exceed the national baseline. Check current limits before assuming a property qualifies.

Question 2

Can I use FHA to buy a condo in Imperial Beach?

Accepted Answer

Only FHA-approved condo projects qualify. Many Imperial Beach condos aren't on the approved list — verify the project before making an offer.

Question 3

Does FHA work for properties near the beach?

Accepted Answer

FHA requires the home to meet minimum property standards. Flood zone designation can complicate insurance requirements and affect approval.

Question 4

How long does FHA approval take in this area?

Accepted Answer

FHA loans typically close in 30-45 days. Appraisal requirements add time if the property has condition issues.

Question 5

Should I use VA instead of FHA if I qualify?

Accepted Answer

Almost always yes. VA has no down payment requirement and no mortgage insurance. If you're eligible, VA is the stronger program.

Question 6

Can I get an FHA loan with a recent late payment?

Accepted Answer

Late payments hurt but don't automatically disqualify you. Lenders weigh the pattern, timing, and explanation — recent lates are harder to work around.

FHA Loans in Imperial Beach, CA