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Contra Costa County, California FHA, VA, and USDA Loan Information

Seal of Contra Costa County, California

Table of Contents

What are the government loan limits in Contra Costa County, CA?

What parts of Contra Costa county are eligible for USDA loans?

Do I need flood insurance?

How do I learn about Property Taxes in Contra Costa County

What is the median home price in Contra Costa County, CA?

How many people live in Contra Costa County?

What are the major cities?

How do I see FHA- and VA-Approved homes for sale?

Is there a cost to have a real estate agent represent me?

What closing costs do I need?

How can I get assistance with closing costs?

How to Buy a Home in Contra Costa

About Contra Costa County

Approved Condominium Projects in Contra Costa County

How much of a loan can I qualify for, based on my income?

FAQ

What are the government loan limits in Contra Costa County?

  • FHA Loan Limit $765,600 (Single family residence) / $980,325 (Duplex) / $1,184,925 (Triplex) / $1,472,550 (Fourplex)
  • USDA Loan Limit $581,220
  • VA Home Loan Limit $0 down up to $3,000,000 / 2 open VA loans at one time $765,600 *(Call 888-573-4496 for details).


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What parts of Contra Costa county are eligible for USDA loans?

There are a few areas in Contra Costa County that are eligible for USDA Rural Development loans. The areas of Discovery Bay, Bethel Island, Byron, Clayton, and Knightsen are the only places where you can find USDA-eligible properties.

Eligible Zip Codes: 94505, 94511, 94514, 94517, 94548

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Do I need flood insurance?

The FHA, USDA, and VA all require flood insurance in Special Flood Hazard Areas. In Contra Costa County, there are floodplains along the bay and most of the rivers. In addition, much of Contra Costa County is at risk form flash floods. However, some areas, like Antioch, are less prone to flooding.

Also, because the county has taken steps to reduce flood risks, residents in Contra Costa County can get a 25% reduction on their flood insurance premiums.

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How do I learn about Property Taxes in Contra Costa County?

Gus Cramer is the Contra Costa County Assessor. His office can help you learn about your property taxes and apply for property tax relief. In fact, disabled veterans, senior citizens, and owner-occupiers may be exempt from some of their property taxes. The Assessor’s office can tell you more. It is located at: 2530 Arnold Drive Suite 100 Martinez, CA 94553
Many of the services they provide can also be accessed online through the Assessor’s Office website.


Veterans, owner-occupiers, and senior citizens may be eligible for property tax relief. You can find out whether you qualify through the county assessor. In addition, the Assessor’s Office can do re-appraisals to determine property values and flood risks.


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What is the median home price in Contra Costa County, CA?

As of February 2020, the median home price in Contra Costa County is $599,500.

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How many people live in Contra Costa County?

Contra Costa County has a population of 1,150,215. It has a veteran population of 49,245. In addition, the county has 19 incorporated cities. The main industries are shipping and fishing, oil, and chemical production. The city is also home to many commuters who work elsewhere in the greater Bay Area.

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What are the major cities?

Antioch is the largest city in Contra Costa County. Other notable cities are Concord, Richmond, and Brentwood.

How do I see FHA- and VA-Approved homes for sale?

You can view all of the properties available for sale in Contra Costa County through the Multiple Listing Service. You can also see approved condos at the bottom of this page.

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Is there a cost to have a real estate agent represent me?

The seller must pay real estate professionals’ commission, not the buyer. This means that, as a homebuyer, there is no cost to have a real estate agent represent you. In fact, it’s a good idea to get your own agent in order to have someone in your corner during the negotiation process.

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What closing costs do I need?


For FHA loans, closing costs can end up being 3-4% of the loan amount. These costs include origination fees from the lender, any discount points purchased for a better interest rate, and pre-paid items like insurance and taxes.

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How can I get assistance with closing costs?

There are several ways to reduce the amount you have to pay at closing. One way is to get down payment assistance. The FHA’s Within Reach program provides grants to help low- and middle-income families with their down payment. There is also the CalHome program, which offers down payment assistance and to reduce or finance other closing costs.

How to Buy a Home in Contra Costa County

Are you interested in buying a home in Contra Costa? This is a step by step guide to all the ins and outs of the homebuying process. For more information about FHA and other government-backed loans, click this link.
For now, let’s look at the basic steps to buying a home – and what you’ll have to look out for in Contra Costa County.

  1. Get in touch with a loan officer – give us a call at 877-432-5626

    We can help you figure out what type of loan you might qualify for. Programs through the VA, USDA, and FHA allow you to buy a home with a small down payment – or no down payment at all. We will also check your credit and income to see how much of a loan you can qualify for. When we do this, we do a “soft pull” on your credit. This is different from an official credit inquiry and won’t hurt your credit score.

  2. Compare loan offers.

    Either call us or fill out the form on this page.

  3. Give your Loan Officer the information they need to find you a loan

    For a purchase loan or cash-out refinance:

    • Your ID
    • Previous two years of W2s
    • Most recent 30 days paystubs
    • Most recent 60 days bank statements
    • Landlord and HR/Payroll Department contact info

    For a refinance loan, you will also need information on the loan you want to refinance.


  4. Compare Loan offers

    Compare the interest rates and APRS – but keep in mind that the fixed- and adjustable-rate mortgages are apples and oranges. Use the Loan Estimate to compare the true costs of each loan, both month-to-month and over the life of the mortgage.

  5. Find a home

    Get connected with a FedHome Loan Centers Real Estate Agent. Once you meet with them to talk about your wants and needs, you can sign up for the property search feed. This will give you alerts about homes for sale in Contra Costa County. Now you’re ready to preview properties and start touring homes.

  6. Make an offer and negotiate the terms of the sale

  7. Get the necessary and recommended inspections

    Required Inspections:

    • Termite Inspection
    • Well or septic inspections, if applicable
    • We can help you check if your home is in one of the Contra Costa County flood hazard areas.

    Recommended Inspections:
    Home Inspection, Roof Inspection, Sewer Inspection

  8. Get the home appraised

    Construction loans require a construction appraisal and permit approval

  9. Lock in your interest rate

    Pro Tip: Wait until the appraisal to lock in your loan rates. If it turns out you need to make repairs, it can push the closing back. Then you run the risk of losing that rate or having to pay an extension fee.

  10. Close the deal and get packing!

    You’re ready to go!

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About Contra Costa County

Contra Costa County is made up of 19 cities and one large unincorporated area. The cities of Walnut Creek, San Ramon, and Richmond are all commuter hubs. BART connects them to the rest of the San Francisco Bay Area. In fact, BART was extended out to Antioch in spring of 2018. This means that almost all of Contra Costa County is connected to the rest of the region by rail.

Contra Costa is also home to important museums and historical sites. At the Blackhawk Museum, you can see a wide range of antique cars. The Lindsay Wildlife Experience is a great place to learn about many different plant and animal species. You can even learn what it’s like to be a beekeeper.

To really breathe in the county’s history, you can take a trip out to the Eugene O’Neill or John Muir National Historic Sites. In addition to learning about these important figures in California history, you can take in the local ambiance on one of the many trails.

For people who want even more of the outdoors, there are hundreds of parks throughout Contra Costa County. For example, Mount Diablo State Park contains the region’s most famous landmark, Mount Diablo itself. The view from the top is a true must-see.

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Approved Condos in Contra Costa County

Currently there are no VA- or FHA-Approved condominiums in Contra Costa County. To see about getting a condo project approved, follow this link to get in touch.

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How much of a loan can I qualify for, based on my income?

Monthly Income Purchase Price
$2,628.90 $195,175.91
$2,832.00 $210,254.55
$3,181.50 $236,202.27
$3,612.00 $268,163.64
$3,985.50 $295,893.18
$4,361.10 $323,778.64
$4,971.90 $369,125.91
$5,761.50 $427,747.73
$6,892.20 $520,625.00
$5,199.60 $368,791.82
$5,743.80 $408,815.91
$6,249.90 $450,287.73
$6,998.10 $501,960.45
$9,776.70 $725,845.91
$5,568.00 $413,381.82
$6,574.80 $488,129.09
$7,569.60 $561,985.45
$5,141.40 $381,710.00
$6,345.30 $471,090.45
$7,639.80 $567,197.27
$8,360.10 $620,674.09
$9,260.70 $687,536.82
$10,095.30 $749,499.55
$12,165.00 $903,159.09
$13,929.60 $1,034,167.27
$17,511.00 $1,300,059.09
$18,406.80 $1,366,506.06

Purchase Price subject to credit and income evaluation.

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