Question 1

What is the FHA loan limit in Ventura County?

Accepted Answer

Ventura County falls in a high-cost area. Check current HUD limits before assuming FHA covers your target price in Ojai.

Question 2

Can I use FHA to buy a fixer-upper in Ojai?

Accepted Answer

Yes — the FHA 203k loan covers purchase plus renovation costs. It works well for Ojai's older housing stock.

Question 3

Do FHA loans work in Ojai's competitive market?

Accepted Answer

They can. A strong pre-approval and flexible close date help. Some sellers hesitate, but it's not a dealbreaker with the right setup.

Question 4

How long does FHA mortgage insurance last?

Accepted Answer

Put less than 10% down and MIP stays for the loan's life. Put 10% or more and it drops off after 11 years.

Question 5

What property types does FHA cover in Ojai?

Accepted Answer

Single-family homes, condos on the FHA approval list, and 2-4 unit properties — as long as you occupy one unit.

Question 6

Can I get an FHA loan with past credit problems?

Accepted Answer

FHA is the most forgiving government loan on credit. Two years past a bankruptcy or three years past a foreclosure, you may qualify.

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