Question 1

What is the FHA loan limit in Santa Clara County?

Accepted Answer

The 2026 FHA limit for Santa Clara County is $1,209,750. That's the high-cost ceiling set by HUD.

Question 2

Can I use an FHA loan to buy a condo in Los Gatos?

Accepted Answer

Yes, but the condo complex must be on HUD's approved list. Many complexes in Los Gatos are not approved — check before you make an offer.

Question 3

How much do I need to put down with an FHA loan?

Accepted Answer

With a 580+ credit score, 3.5% down is the minimum. Below 580, lenders require 10% down.

Question 4

Will FHA mortgage insurance ever go away?

Accepted Answer

Not with under 10% down — MIP stays for the life of the loan. Putting 10% or more down cuts MIP to 11 years.

Question 5

Is FHA a good fit for Los Gatos home prices?

Accepted Answer

It depends on the property. Entry-level condos and townhomes can work. Most single-family homes exceed FHA limits or appraisal thresholds.

Question 6

Can a seller refuse an FHA offer in Los Gatos?

Accepted Answer

Yes, legally sellers can decline any offer. FHA's stricter appraisal rules make some sellers prefer conventional buyers in competitive situations.

FHA Loans in Los Gatos, CA — What You Need to Know