Question 1

What is the FHA loan limit in San Joaquin County?

Accepted Answer

San Joaquin County falls under standard FHA loan limits set annually by HUD. Check HUD's current limit table before assuming your purchase price qualifies.

Question 2

Can I use gift money for my FHA down payment in Lodi?

Accepted Answer

Yes. FHA allows the full down payment to come from a gift. The donor must sign a gift letter stating no repayment is expected.

Question 3

How long does mortgage insurance last on an FHA loan?

Accepted Answer

With less than 10% down, MIP lasts the life of the loan. Putting 10% or more down drops it after 11 years.

Question 4

Does FHA work for condos in Lodi?

Accepted Answer

Only FHA-approved condo projects qualify. The condo association must meet FHA's certification requirements — not all Lodi complexes are on that list.

Question 5

Can a self-employed borrower get an FHA loan in Lodi?

Accepted Answer

Yes, but lenders need 2 years of tax returns and may average your net income — not gross revenue. Strong documentation is critical.

Question 6

Is FHA or conventional better for a Lodi first-time buyer?

Accepted Answer

Depends on your credit score and savings. Below 640 credit or under 5% down, FHA usually wins. Above that, run both scenarios.

FHA Loans in Lodi, CA — Low Down Payment, Real Approval Path