Home Mortgage News

How Much Can I Buy with an FHA Loan

FHA LoanIf you looking to purchase a home using an FHA (Federal Housing Administration) loan because you are looking to put a lower down payment, there are limits on how much you can buy. As you probably already know the minimum down payment needed for an FHA loan is 3.5 percent.

Depending on the county you will be purchasing in the loan limits vary. Here’s a breakdown of the FHA loan limits and the maximum purchase price which includes the 3.5 percent down payment.


County                                Purchase Price                                 Loan Limit

Los Angeles / Orange                  $756,218                                                              $729,750

San Bernadino / Riverside            $518,135                                                              $500,000

San Diego                                  $722,798                                                              $697,500

FHA stands for Federal Housing Administration; the FHA is an arm of the Department of Housing and Urban Development (HUD). The primary focus of the FHA is to encourage homeownership in the United States. To do this, the FHA insures mortgages against borrower default. By insuring mortgages, the FHA makes homeownership possible for a broader range of buyers.

To qualify for an FHA loan borrowers must meet certain criteria. The FHA requires that borrowers pay the initial mortgage insurance payment and make subsequent premium payments every year. In addition, borrowers are subject to the credit standards established by the FHA. Although FHA mortgage insurance grants flexibility in lending terms, there are limits to the amount of a mortgage loan and type of property. According to the FHA, loan amounts vary by conditions in the borrower’s area. The FHA insures mortgages on single homes and buildings that contain one to four housing units, as long as one of the units is owner-occupied.

FHA purchase price based on minimum down payment of 3.5% effective 2009. These loan limits were updated January 10, 2012. The loan limits may and will change in the future. Contact us for any updates.

[contact-form-7 404 "Not Found"]

Current Homes For Sale  in the City of Fullerton

To See Homes For Sale in Other Areas Search HERE

[idx-listings city=”Fullerton” minprice=”250000″ maxprice=”9000000″ propertytypes=”516″ orderby=”Price” orderdir=”ASC” count=”12″ showlargerphotos=”true”]


By Diego Loya

Diego Loya is a Realtor - Broker at Home Living Real Estate Brokerage, a Orange County full services real estate company. Over the past 12 years, Diego has helped homeowners sell and buy their homes. He's loves educating and empowering real estate consumers. You can find him on Google, Facebook and Twitter.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.