Question 1

What is the FHA loan limit in Ventura County?

Accepted Answer

Ventura County is a high-cost area, so FHA limits exceed the national baseline. Confirm the current limit with us before targeting a price range.

Question 2

Can I use FHA to buy a condo in Moorpark?

Accepted Answer

Only FHA-approved condo projects qualify. We can check approval status for any Moorpark complex you're considering.

Question 3

How long does FHA mortgage insurance last?

Accepted Answer

With less than 10% down, MIP lasts the full loan term. Put 10% or more down and it drops off after 11 years.

Question 4

Can a seller pay my closing costs on an FHA loan?

Accepted Answer

Yes. FHA allows seller concessions up to 6% of the purchase price. This is a real negotiating tool in slower markets.

Question 5

Does FHA work for self-employed buyers in Moorpark?

Accepted Answer

Yes, but lenders require two years of tax returns and use your net income, not gross. Low reported income is the most common problem.

Question 6

Is FHA a good fit if I've had a recent bankruptcy?

Accepted Answer

FHA has some of the shortest waiting periods — 2 years after Chapter 7 discharge. You still need rebuilt credit and stable income.

FHA Loans in Moorpark, CA — Low Down, Real Access