Helping Military and Civilian families realize the dream of homeownership since 1990
What is an FHA Loan?
An FHA loan is a loan that is insured by HUD or the Department of Housing and Urban Development.
FHA loans are meant for the purchase of owner-occupied properties (primary residences) only. However, you are able to purchase a multi-unit property as long as you reside in one of the units. Let’s say a that you buy a duplex. If you live on one side and rent at the other you would be able to use FHA financing.
What are the basics of qualifying for an FHA Loan?*
Let's explore an overview of each of the FHA guideline categories
Additional Helpful Information
2021 FHA Loan Limits (One Unit Properties)
San Diego County: $753,250
Orange County: $822,375
Riverside County: $548,250
Los Angeles County: $822,375
You can find the limits for multiple unit properties as well as other counties in the US here: FHA Loan limits by County
Search for FHA Approved Condos to determine if the condo you want is eligible for FHA financing. The list can be a bit cryptic so please reach out if you need help with the search.
Search for HUD owned homes
*This overview is not all inclusive and does not include all guidelines or potential qualifying situations. Contact us or your lender for additional information that applies to your situation.
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Laura Borja | Senior Mortgage Consultant | NMLS#199107
Cell: (619) 992-4061
laura@lauraborja.com
27271 Las Ramblas ste 350 Mission Viejo CA 920691
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Ocean Lending Home Loans Inc. NMLS ID #1626788 (www.nmlsconsumeraccess.org). 27271 Las Ramblas ste 350 Mission Viejo CA 92691 (888) 508-5030. All rights reserved. This is not an offer to enter into an agreement. Information, rates, & programs are subject to change without prior notice and may not be available in all states. All products are subject to credit & property approval. Ocean Lending is not affiliated with any government agency. Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act License# 41DBO76602 and Finance Lender Law License #60DBO71981.