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Campbell sits in the heart of Silicon Valley. Home prices here run high, which makes FHA's low down payment structure attractive to first-time buyers.
Santa Clara County is one of the priciest counties in California. FHA loans give buyers a real path in without a massive cash reserve.
580 (3.5% down)
Min Credit Score
3.5%
Minimum Down Payment
Up to 6%
Seller Concession Max
1.75% of loan
Upfront MIP
2 years required
Employment History
FHA Loans in Campbell
You need a 580 credit score to put 3.5% down. Drop below 580 and lenders require 10% down — still less than conventional.
FHA requires two years of employment history. Self-employed borrowers need two years of tax returns showing stable income.
Local decision guide
Use this guide to connect fha loans eligibility, lender expectations, and local market factors before comparing payment options in Campbell.
Campbell sits in the heart of Silicon Valley. Home prices here run high, which makes FHA's low down payment structure attractive to first-time buyers.
Santa Clara County is one of the priciest counties in California. FHA loans give buyers a real path in without a massive cash reserve.
You need a 580 credit score to put 3.5% down. Drop below 580 and lenders require 10% down — still less than conventional.
Not every lender prices FHA the same. Some add overlays — stricter requirements on top of FHA minimums — that can kill a deal.
We shop your file across 200+ wholesale lenders. That means we find who actually approves your profile, not just who advertises FHA.
FHA's mortgage insurance premium (MIP) stays for the life of the loan if you put less than 10% down. That cost adds up in Campbell's price range.
Once you hit 20% equity, refinancing into a conventional loan removes MIP entirely. Plan that exit from day one.
Conventional loans drop PMI once you reach 20% equity without refinancing. FHA doesn't offer that automatically — it's a real cost difference.
VA loans have no down payment and no MIP at all. If you've served, VA beats FHA every time in Santa Clara County.
Campbell's competitive offer environment means sellers sometimes prefer conventional buyers. An FHA offer isn't weak — but your agent needs to present it right.
Santa Clara County's FHA loan limits allow you to finance higher-priced homes than most California counties. That matters here.
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.
Only FHA-approved condo projects qualify. Run the address through HUD's condo lookup tool before writing an offer.
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.
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.
Sellers can contribute up to 6% of the purchase price toward your closing costs. In Campbell's market, negotiate this into your offer.
It depends on your credit and down payment. FHA wins below a 680 score. Above that, conventional often costs less over time.