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Marin County, California FHA, VA, and USDA Loan Information

A mountain biker's view of San Francisco from Marin County
Just across the Bridge from San Francisco, Marin County offers outdoor adventure close to the City.

Table of Contents

What are the government loan limits in Marin County, CA?

What parts of Marin county are eligible for USDA loans?

Do I need flood insurance?

How do I learn about Property Taxes in Marin County

What is the median home price in Marin County, CA?

How many people live in Marin 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 Marin

About Marin County

Approved Condominium Projects in Marin County

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

FAQ

What are the government loan limits in Marin County?

  • FHA Loan Limit $765,600 (Single family residence) / $980,325 (Duplex) / $1,184,925 (Triplex) / $1,472,550 (Fourplex)
  • USDA Loan Limit $612,400
  • 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 Marin county are eligible for USDA loans?

Parts of Marin County are eligible for USDA loans, particularly in the mountain regions. Properties in Fairfax, Lagunitas, Inverness, Bolinas, and Stinson Beach are eligible, as well as some other areas.

Eligible Zip Codes: 94924, 94929, 94930, 94933, 94937, 94938, 94940, 94946, 94950, 94956, 94963, 94965, 94970, 94971, 94973

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Do I need flood insurance?

The USDA, FHA, and VA all require people to purchase flood insurance on homes located in Special Flood Hazard Areas. In Marin County there are many flood plains, especially in the low-lying areas.
Your agent can help you determine whether you’d be required to purchase flood insurance on a particular property.

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How do I learn about Property Taxes in Marin County?

For questions about property tax, you can get in touch with the Marin County Assessor, Shelly Scott. Her office is located in the county Civic Center, a historic Frank Lloyd Wright building. The address is:


ARCC General Information
3501 Civic Center Drive, Suite 208
San Rafael, CA 94903

In addition, you can contact the Assessor about appraisals or to see if you qualify for property tax exemptions. The county offers them for disabled veterans, homeowner-occupiers, or senior citizens. Buyers can also apply to have the value of existing solar panels excluded from the assessment.


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What is the median home price in Marin County, CA?

As of February 2020, the median home price in Marin County is $1,105,000 and the median household income is $110,217.

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How many people live in Marin County?

Marin County has a population of 259,666. Over 93% of adults in the county has a high school diploma and almost 59% have a bachelor’s degree or higher.

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What are the major cities?

The largest city in Marin is the county seat in San Rafael. Other notable cities are Mill Valley, Novato, Fairfax, and Sausalito. Much of Marin County is located on the coast. With the ocean and estuaries, wherever you live in Marin, you’re going to be near the water.

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

You can view all of the properties available for sale in Marin 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.

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How to Buy a Home in Marin County

Are you interested in buying a home in Marin? This is a step by step guide to all the ins and outs of the homebuying process. For more detail about FHA loans, be sure to check out our complete guide. We also have an in-depth guide to VA loans and the USDA’s Rural Development home loan program.
For now, let’s look at the basic steps to buying a home – and what you’ll have to look out for in Marin 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 Marin 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 Marin 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 Marin County

Located just north of the Golden Gate Bridge, Marin County is one of the most beautiful places in California. While the scenery may look relaxing, residents can’t live without some excitement. Marin was the birthplace of mountain biking! This mix of thrilling adventure and taking time to smell the roses is what makes Marin such a unique and fun place to live.

Family life & Education

One of the things that makes residents fall in love with Marin County is its family-friendly atmosphere. The county is a safe place to raise a family. Plus, many of the neighborhoods are full of parks and hiking trails to get the kids away from the screen and into the great outdoors.

Marin is also one of the most educated counties in California, so it’s no surprise they invest heavily in education. There are dozens of K-12 schools in the county that provide a variety of educational environments. In addition to the traditional public schools, there are Montessori programs, Jewish, Catholic, and Christian religious schools, and a French-language school just over the bridge in San Francisco.

The county is also home to two colleges. The College of Marin is a community college with two campuses – one in Kentfield and another in Novato. There is also the 4-year Dominican University. In addition, Marin students are near to countless reputable schools in San Francisco and Berkeley.

Local Business

Marin County is also a great place to do business. With the whole Bay Area as your market, you aren’t hurting for customers. The area’s economic hubs in San Rafael and Novato are friendly to new businesses. In addition, close-knit communities like Fairfax come out to support local businesses. Startups and tech businesses will also find that operating space comes cheaper in Marin than in San Francisco – plus people love the quality of life in the county.

However, small businesses often find trouble securing financing, especially in the early years. Because of this, the Small Business Administration (SBA) has created loan programs that finance small businesses which struggle to get other loans. SBA loans provide up to $5 million for working capital or to purchase real estate and equipment.

Arts, Culture, and Adventure

Daily life in Marin County puts you in touch with the Bay Area’s vibrant arts scene. The Mill Valley Film Festival brings excellent programming to the area each year. Stop by the Christopher B. Smith Rafael Film Center in downtown San Rafael to see the latest arthouse films. There are also countless chances to enjoy local music in the county. Whether it’s punk rock or pirate folk, you’ll be able to find your niche. Plus, you’re just over the bridge from San Francisco, where you can see theater, opera, or a ball game.

One of the best parts of Marin County is the great outdoors. Mount Tamalpais (aka “Mount Tam”) and China Camp State Park are home to iconic biking and hiking trails. There are also miles of shoreline, perfect for a campfire or day on the beach. If you’re a birder, the forests and estuaries will quickly become your favorite hangouts. There, you can see the local waterfowl and migrating birds.

Marin County offers clean air and great quality of life without having to shy too far away from the city. The local charm of Fairfax, city bustle of San Rafael, and beach life of Stinson Beach are just some of the great communities that you could come to call home. For a mix of relaxation and adventure, it’s hard to beat Marin.

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Approved Condos in Marin County

There are currently no approved condominiums in Marin. If you want to get a condo approved, follow this link. At FedHome Loan Centers, we can get almost any condo approved.

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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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