The FHA loan limits in Solano County, California are as follows:
Single – $431,250
Duplex – $552,050
Tri-plex – $667,350
Four-plex – $829,350
With Solano County being located just north of San Francisco and the Bay Area it should come as no surprise that the FHA loan limits are a little bit higher in this area than some of the other more rural or non-metro counties in northern California. Those not wanting to pay the very high home prices in San Francisco or Oakland many consider buying a home in Solano County. There are a number of amazing small towns and cities in this part of California that people love calling home.
Before making any decision when it comes to a home purchase it is a wise choice to consider the financing options. Those looking to finance a home mortgage may want to consider a California FHA home loan. There are a number of reasons California residents will look at an FHA loan. One of the most popular reasons to consider an FHA loan is the fact that the down payment can be much lower than a conventional home mortgage loan. Instead of having to save up or receive gifts of 20% of the mortgage loan borrowers can put down 3.5%. This is a huge different as a large number of California families do not have tens of thousands of dollars sitting around.
Some of the neighborhoods in Solano County are as follows:
- Benicia
- Dixon
- Fairfield
- Rio Vista
- Suisun City
- Vacaville
- Vallejo
- Allendale
- Benicia
- Dixon
- Elmira
- Fairfield
- Green Valley
- Hartley
- Rio Vista
- Suisun City
- Vacaville
- Vallejo
We strongly encourage all potential home buyers to use a mortgage calculator to determine how much money they are going to spend on a home loan over the course of the loan term. Even if you are getting lower monthly mortgage payments you may be paying more in the long run. Allow our team at ABLEnding to help you determine which loan type is the best for you.
Learn more about how ABLEnding can help you with your FHA Loan, Click here.