Question 1

What is the FHA loan limit in Santa Cruz County?

Accepted Answer

HUD sets limits annually for each county. Confirm the current Santa Cruz County limit before shopping — it caps your purchase price with FHA financing.

Question 2

Can I buy a condo in Scotts Valley with FHA?

Accepted Answer

Yes, but the condo complex must be on HUD's approved list. Many complexes aren't. Check before you make an offer.

Question 3

Does FHA mortgage insurance ever go away?

Accepted Answer

Not if you put less than 10% down — it lasts the life of the loan. Put 10%+ down and it cancels after 11 years.

Question 4

How does FHA compare to conventional in Scotts Valley?

Accepted Answer

FHA is easier to qualify for with lower credit scores. Conventional wins on long-term cost if you have strong credit and can hit 20% down.

Question 5

Can sellers reject FHA offers in Scotts Valley?

Accepted Answer

Legally no, but sellers favor conventional buyers in competitive markets. A strong offer and pre-approval letter help level the playing field.

Question 6

What property types qualify for FHA in Scotts Valley?

Accepted Answer

Single-family homes, 2-4 unit properties, and approved condos qualify. The property must be your primary residence — no investment properties.

FHA Loans in Scotts Valley, CA