Question 1

What is the FHA loan limit for Sonoma County?

Accepted Answer

Sonoma County is a high-cost area, so FHA limits exceed the national baseline. Contact us for the current limit — HUD updates these figures annually.

Question 2

Can I use FHA to buy a condo in Cotati?

Accepted Answer

Yes, but the condo complex must be on HUD's approved list. Many Cotati condos qualify — we verify this before you get attached to a unit.

Question 3

How long does FHA mortgage insurance last?

Accepted Answer

On loans with less than 10% down, it lasts the full loan term. You'd need to refinance into a conventional loan to remove it once you have enough equity.

Question 4

Does FHA work for self-employed buyers in Cotati?

Accepted Answer

Yes. You'll need two years of tax returns and a CPA letter confirming your business. Lenders average your net income — write-offs can hurt your qualifying income.

Question 5

Can I get an FHA loan after bankruptcy in Sonoma County?

Accepted Answer

Chapter 7 requires a two-year wait after discharge. Chapter 13 may allow approval after one year with court permission and clean payment history.

Question 6

Is FHA or conventional better for buying in Cotati?

Accepted Answer

FHA wins if your credit is under 680 or your down payment is tight. Above that threshold, conventional usually costs less over time.

FHA Loans in Cotati, CA — Low Down, Real Path to Ownership