Question 1

What is the FHA loan limit in Santa Barbara County?

Accepted Answer

Santa Barbara County qualifies as a high-cost area. Confirm the current limit with us before you start shopping — it affects your maximum purchase price.

Question 2

How does FHA mortgage insurance work?

Accepted Answer

FHA requires an upfront MIP of 1.75% plus an annual premium split into monthly payments. It does not automatically drop like conventional PMI.

Question 3

Can I use FHA to buy a fixer-upper in Buellton?

Accepted Answer

Yes — the FHA 203k rehab loan lets you finance purchase and repairs together. The property still must meet basic habitability standards at closing.

Question 4

Do sellers in Buellton accept FHA offers?

Accepted Answer

Some sellers prefer conventional buyers due to appraisal conditions. Strong earnest money and clean terms help your FHA offer compete.

Question 5

What credit score do I need for FHA in California?

Accepted Answer

580 gets you 3.5% down. Scores from 500-579 still qualify but require 10% down. Below 500, FHA is not available.

Question 6

Is Buellton eligible for USDA loans instead?

Accepted Answer

USDA eligibility depends on the specific property address, not just the city. Check with us — some Buellton addresses may qualify for zero down.

FHA Loans in Buellton, CA — Low Down, Real Path to Ownership