Fha Loan Requirements California 2024. Getting ready to buy a house in california? The minimum loan limit is $5,000.
California fha loan limits for 2024 have been increased due to home price growth and will range from $498,257 to $1,149,825 depending on the county. To get an fha loan with this lender, you’ll need a down payment of 3.5% and a minimum credit score of 580.
Fha Loan Limits For 2024 For California Have Recently Been Released.
Every year, the fha establishes loan limits that vary based on county.
A Down Payment Of 3.5%.
Occupy the property as a primary residence;
See The Table Below For Details.
Images References :
However, If You Have A Credit Score Of 580 Or Higher, Your Down Payment Requirement Drops To Only 3.5%.
Fha loans are designed for borrowers who are unable to make large down payments.
You Can See Why It's Important That Your Credit History Is In Good Standing.
Loan limits vary by county and home size.
However, We Work With A Few Lenders That Will Go Down To A 500 Credit Score If You Have Compensating Factors, And If You Can Place A Larger Down Payment.