Question 1

What's the FHA loan limit in Atascadero?

Accepted Answer

San Luis Obispo County has an $806,500 FHA limit as of 2026. Properties above that price need conventional or jumbo financing.

Question 2

Can I use FHA with a 600 credit score in Atascadero?

Accepted Answer

Yes. A 600 score qualifies for 3.5% down FHA financing. Rates vary by borrower profile and market conditions.

Question 3

How much is FHA mortgage insurance in Atascadero?

Accepted Answer

You pay 1.75% upfront plus 0.55%-0.85% annually based on loan amount and down payment. This insurance protects lenders, not you.

Question 4

Do Atascadero sellers accept FHA offers?

Accepted Answer

Most do. Some reject FHA in hot markets due to appraisal repair requirements. Strong pre-approval and quick close timelines help.

Question 5

Can I buy a fixer-upper with FHA in Atascadero?

Accepted Answer

Major repairs need completion before closing on standard FHA loans. FHA 203k renovation loans fund repairs but add complexity and cost.

FHA Loans in Atascadero: Low Down Payment Financing for San Luis Obispo County Buyers