Question 1

What is the FHA loan limit in Santa Clara County?

Accepted Answer

Santa Clara County qualifies for high-cost FHA limits. Check HUD's current limit table — it updates annually and directly affects your max purchase price.

Question 2

Can I use FHA to buy a condo in Campbell?

Accepted Answer

Only FHA-approved condo projects qualify. Run the address through HUD's condo lookup tool before writing an offer.

Question 3

How much is FHA mortgage insurance in 2026?

Accepted Answer

FHA charges an upfront MIP of 1.75% of the loan amount plus an annual premium. Annual MIP varies by loan size and term. Rates vary by borrower profile and market conditions.

Question 4

Does FHA work if I'm self-employed in Campbell?

Accepted Answer

Yes, but lenders want two years of tax returns and a year-to-date profit and loss statement. Your net income — not gross — is what counts.

Question 5

Can a seller pay my closing costs on an FHA loan?

Accepted Answer

Sellers can contribute up to 6% of the purchase price toward your closing costs. In Campbell's market, negotiate this into your offer.

Question 6

Is FHA or conventional better for a Campbell home purchase?

Accepted Answer

It depends on your credit and down payment. FHA wins below a 680 score. Above that, conventional often costs less over time.

FHA Loans in Campbell, CA — Low Down, Real Approval