2014 California FHA Loan Limits

County One-Family Two-Family Three-Family Four-Family
Alameda County $625,500 $800,775 $967,950 $1,202,925
Alpine County $463,450 $593,300 $717,150 $891,250
Amador County $332,350 $425,450 $514,300 $639,150
Butte County $293,250 $375,400 $453,750 $563,950
Calaveras County $373,750 $478,450 $578,350 $718,750
Colusa County $271,050 $347,000 $419,425 $521,250
Contra Costa County $625,500 $800,775 $967,950 $1,202,925
Del Norte County $271,050 $347,000 $419,425 $521,250
El Dorado County $474,950 $608,000 $734,950 $913,350
Fresno County $281,750 $360,700 $436,000 $541,800
Glenn County $271,050 $347,000 $419,425 $521,250
Humboldt County $327,750 $419,550 $507,150 $630,300
Imperial County $271,050 $347,000 $419,425 $521,250
Inyo County $369,150 $472,550 $571,250 $709,900
Kern County $271,050 $347,000 $419,425 $521,250
Kings County $271,050 $347,000 $419,425 $521,250
Lake County $271,050 $347,000 $419,425 $521,250
Lassen County $271,050 $347,000 $419,425 $521,250
Los Angeles County $625,500 $800,775 $967,950 $1,202,925
Madera County $271,050 $347,000 $419,425 $521,250
Marin County $625,500 $800,775 $967,950 $1,202,925
Mariposa County $322,000 $412,200 $498,250 $619,250
Mendocino County $373,750 $478,450 $578,350 $718,750
Merced County $271,050 $347,000 $419,425 $521,250
Modoc County $271,050 $347,000 $419,425 $521,250
Mono County $529,000 $677,200 $818,600 $1,017,300
Monterey County $483,000 $618,300 $747,400 $928,850
Napa County $592,250 $758,200 $916,450 $1,138,950
Nevada County $477,250 $610,950 $738,500 $917,800
Orange County $625,500 $800,775 $967,950 $1,202,925
Placer County $474,950 $608,000 $734,950 $913,350
Plumas County $336,950 $431,350 $521,400 $648,000
Riverside County $355,350 $454,900 $549,850 $683,350
Sacramento County $474,950 $608,000 $734,950 $913,350
San Benito County $625,500 $800,775 $967,950 $1,202,925
San Bernardino County $355,350 $454,900 $549,850 $683,350
San Diego County $546,250 $699,300 $845,300 $1,050,500
San Francisco County $625,500 $800,775 $967,950 $1,202,925
San Joaquin County $304,750 $390,100 $471,550 $586,050
San Luis Obispo County $561,200 $718,450 $868,400 $1,079,250
San Mateo County $625,500 $800,775 $967,950 $1,202,925
Santa Barbara County $625,500 $800,775 $967,950 $1,202,925
Santa Clara County $625,500 $800,775 $967,950 $1,202,925
Santa Cruz County $625,500 $800,775 $967,950 $1,202,925
Shasta County $273,700 $350,350 $423,500 $526,350
Sierra County $304,750 $390,100 $471,550 $586,050
Siskiyou County $271,050 $347,000 $419,425 $521,250
Solano County $400,200 $512,300 $619,300 $769,600
Sonoma County $520,950 $666,900 $806,150 $1,001,850
Stanislaus County $276,000 $353,300 $427,100 $530,750
Sutter County $271,050 $347,000 $419,425 $521,250
Tehama County $271,050 $347,000 $419,425 $521,250
Trinity County $271,050 $347,000 $419,425 $521,250
Tulare County $271,050 $347,000 $419,425 $521,250
Tuolumne County $331,200 $424,000 $512,500 $636,900
Ventura County $598,000 $765,550 $925,350 $1,150,000
Yolo County $474,950 $608,000 $734,950 $913,350
Yuba County $271,050 $347,000 $419,425 $521,250

First Time Home Buyer Mortgage

First Time Home Buyer Mortgage Programs
First Time Home Buyer Mortgage Programs

Own a Home With First Time Home Buyer Mortgage Programs

Is it time for you to finally get out there and purchase your first home? If so, you already know what a big step it is finally being able to realize your American dream. Not only does a home give you a sense of ownership pride, it is a good investment in your future.

Several First Time Home Buyer Mortgage Programs Are Available

There are several first time home buyer mortgage programs specially tailored to the first time home buyer and you will be able to find one that suits your needs, as well as your ability to pay back the loan. Before buying your first home, make sure that your mortgage lender goes over these buyer programs with you so you can find the one that is perfect for you.

FHA First Time Home Buyer Mortgage Programs

FHA loans are the longest tenured first time buyer mortgage programs available for helping the first time home buyer. FHA loans guarantee your loan will be paid back to the lender. It is a sort of insurance that guarantees your loan. FHA loans are perfect for those who have less than perfect credit or for those who can’t afford paying a large payment up front for their home. FHA will not help you get into a home that is not in your price ability to pay back, but it will assist you into getting an affordable home. Pay attention to the prices and don’t let anyone talk you into a home that is over your planned budget.

FHA applications are not unlike those of conventional loans. You need 3 years worth of proof of income, an accounting of your current debt, rent, alimony, and social security. You do not have to worry about the debts that can be paid completely in less than a year because this debt is considered short term and will not count against you.

When you are trying to figure out what you can afford, it is best to go by FHA standards when calculating. Twenty-nine percent of your income can go towards the cost of housing and 41% can go towards your expenses and other debt. If you have a number in mind that is affordable to you, it is best to stick with that number or below when you are out house hunting.

It really doesn’t matter whether or not this is your first home; FHA is there to offer a hand but you should still check around and see what other mortgages are available to you. Remember, this is an investment and it will take the next 30 years to pay it off.

If you want to learn more about FHA loans and how they can help you with the purchase of your new home, you can talk to your lender or visit the FHA website at www.fha.gov. You will find all of the information you need that will allow you to make an informed decision.

Local and State First Time Home Buyer Mortgage Programs

Many areas have local and state programs that you can take advantage of while trying to purchase your new home and all it takes is a small amount of elbow work to research what it is you are looking for. Talk to your realtor because realtors are always a wealth of information and picking their brains may lead you to the right choice for you. If you want to talk to your lender, they are also familiar with the different types of loans that are available. Don’t rush, take your time and you will be sure to find the home of your dreams with first time home buyer mortgage programs.

Mortgage for First Time Home Buyers

mortgage for first time home buyers
Mortgage for First Time Home Buyers

How to Apply for a Mortgage for First Time Home Buyers

A first time home buyer can find it easy to shop for a home mortgage these days. You no longer have to struggle with traveling from place to place trying to find a loan. Applying for a mortgage for first time home buyers online has made the process much easier and you can compare rates in your own spare time.

Three Simple Steps To Get a Mortgage for First Time Home Buyers

In a few simple steps, you will be able to find the perfect mortgage for first time home buyers that will suit you and your financial needs by going online. Here are the steps you will want to take while trying to secure your first loan:

First, select the terms of the mortgage for first time home buyers

The terms of your mortgage for first time home buyers are going to have an effect on your payment and the interest rate. If you want to get the most value for your money, it is best to look for an adjustable rate loan. Your payments will start out low but will grow in time. If you want to stay within a steady budget, look for a loan that is set at a fixed rate as this will allow you to know exactly what you’re paying for the remainder of the loan. If you choose a loan that will be paid off in 15 years, you should know that the payments will be at least 1/3 higher than the average 30-year mortgage but you will be saving a substantial amount in final costs by cutting the interest considerably.

Second, know the mortgage for first time home buyers that you’re getting into.

Make sure you are clear about payback interest rates because a higher rate on your mortgage for first time home buyers can have you spending thousands more in the long run.  If you want to buy a home and sell it off rather rapidly, you should look for a loan that offers lower closing costs. If you plan on staying in your home for several years then taking advantage of lower rates will be in your best interest.

Third, get your mortgage for first time home buyers online.

You can get your mortgage for first time home buyers started right online saving you the headache of running all over town to get to the lender. Even if you have not found the home of your choice, you can get pre-approved for a loan that will help you when it comes to placing your bid on a home. You can get all of your forms in the mail and the headache of finding the right mortgage for first time home buyers has been greatly reduced.