Get FHA Loan in California On Houses With Non-Permitted Additions is a post from: FHA,VA and Conventional Home Loans in all 50 States
There are many houses in California where previous owners have added on rooms, bathrooms and converted garages to living spaces without getting the required permits from the city to make these additions legal. These illegal additions can sometimes make it challenging to get a FHA loan to buy these properties. However, you can still get FHA loan approval to buy a property with an illegal addition on a case-by-case basis.
Here are some things to keep in mind when using a FHA loan in California to buy a house that has had some non-permitted additions:
- When the FHA appraiser appraises the property, they will not be allowed to use any non-permitted square footage in their appraisal. This means the property will have to appraise with only its original square footage
- The FHA loan appraiser will also have to comment that the non-permitted work was done in a “workmanlike manner”. This means the non-permitted additional must look decent, it can’t be completely un-professional done
- Generally if the non-permitted addition has a kitchen, this would not qualify for a FHA loan. The kitchen would have to be taken out.
So those are some quick points to keep in mind when getting a FHA home loan in California to buy a house with non-permitted work. Give us a call at 858-922-7899 or email us at homeloan8@gmail.com if you have any questions at all about any aspects of FHA loan qualification.
Here are some of the most up-to-date advantages of FHA loans in California:
- FHA loan limits in California go all the way up to $729,750 in many areas of the state such as Los Angeles, Orange County, San Jose, San Francisco, Alameda and more. And close to this in San Diego.
- FHA loan rates are the lowest since the 1950′s!
- FHA loan down payment is only 3.5% and that can be a gift from a relative
- FHA loan guidelines allow for a non-occupying co-borrower. So if you cannot qualify with your own income, perhaps you have a relative that can help.
Warmest Regards,
Rob Chomentowski
Sr. Loan Officer (FHA, VA, USDA and conventional loan specialist)
858-922-7899
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