Question 1

What is the FHA loan limit in Santa Clara County?

Accepted Answer

Santa Clara County qualifies as a high-cost area, so FHA limits are higher than national baselines. Check HUD's current limit table — they adjust annually.

Question 2

Can I use FHA to buy a condo in San Jose?

Accepted Answer

Yes, but the condo project must be on HUD's approved list. Many San Jose buildings aren't approved. Verify before making an offer.

Question 3

How much down payment do I need for FHA in San Jose?

Accepted Answer

With a 580+ credit score, you need 3.5% down. On a high-priced San Jose property, that still adds up — budget accordingly.

Question 4

Does FHA mortgage insurance ever go away?

Accepted Answer

Not if you put less than 10% down on a loan originated after June 2013. Plan to refinance into conventional once you build 20% equity.

Question 5

Will sellers in San Jose accept FHA offers?

Accepted Answer

Some won't in a competitive multi-offer situation. A strong pre-approval and experienced agent help. It's a real factor in this market.

Question 6

Can I use FHA if I'm self-employed in San Jose?

Accepted Answer

Yes. FHA allows self-employment income with two years of tax returns. Income must be stable or increasing year-over-year to count.

FHA Loans in San Jose, CA — Low Down, Real Approval