Question 1

What is the FHA loan limit in Santa Clara County?

Accepted Answer

Santa Clara County qualifies for high-cost FHA limits. Check current HUD limits before you set your purchase price — they adjust annually.

Question 2

Can I use FHA to buy a condo in Mountain View?

Accepted Answer

Yes, but the condo complex must be on HUD's approved list. Many Mountain View HOAs are not FHA-approved, so verify early.

Question 3

How long does FHA mortgage insurance last?

Accepted Answer

With less than 10% down, FHA mortgage insurance (MIP) stays for the life of the loan. Putting 10% down drops it after 11 years.

Question 4

Will sellers in Mountain View accept FHA offers?

Accepted Answer

Some won't, especially in multiple-offer situations. A strong pre-approval letter and clean terms can help offset that bias.

Question 5

Does RSU income count for FHA qualifying in Mountain View?

Accepted Answer

It can, with proper documentation. Lenders typically need a two-year history and proof the income will continue.

Question 6

Is FHA better than conventional for first-time buyers here?

Accepted Answer

It depends on your credit score. Below 660, FHA usually wins on rate and approval odds. Above 680, conventional is often cheaper overall.

FHA Loans in Mountain View, CA