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

Table of Contents

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

What parts of Mariposa county are eligible for USDA loans?

Do I need flood insurance?

How do I learn about Property Taxes in Mariposa County

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

How many people live in Mariposa 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 Mariposa

About Mariposa County

Approved Condominium Projects in Mariposa County

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

FAQ

What are the government loan limits in Mariposa County?

  • FHA Loan Limit $331,760 (Single family residence) / $424,800 (Duplex) / $513,450 (Triplex) / $638,100 (Fourplex)
  • USDA Loan Limit $363,200
  • VA Home Loan Limit $0 down up to $3,000,000 / 2 open VA loans at one time $510,400 *(Call 888-573-4496 for details).


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What parts of Mariposa county are eligible for USDA loans?

All of Mariposa County is eligible for USDA Rural Development loans.

Eligible Zip Codes: 93623, 95306,95311, 95318, 95325, 95338, 95345, 95389

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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 Mariposa 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 Mariposa County?

For questions about property tax, you can get in touch with the Mariposa County Assessor, Vincent P. Kehoe. His office is located at:
4982 10th Street
P.O. Box 35
Mariposa, CA 95338

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 Mariposa County, CA?

As of February 2020, the median home price in Mariposa County is $325,000 and the median household income is $51,199.

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How many people live in Mariposa County?

Mariposa County has a population of 17,471.

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What are the major cities?

There are no incorporated cities in Mariposa County; there aren’t any stop lights either! The county is full of rural areas and charming small-town communities. Some of the best-known of these communities are Yosemite Valley, Mariposa, Fish Camp, and El Portal.

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

You can view all of the properties available for sale in Mariposa 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 Mariposa County

Are you interested in buying a home in Mariposa? 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 Mariposa 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 Mariposa 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 Mariposa 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 Mariposa County

Mariposa County is located in central California and is home to one of the most famous vistas in the country: most of Yosemite National Park lies within county lines. Because of this, it’s no surprise that many residents are drawn to the area because of the natural beauty that surrounds them.

In fact, Mariposa County is something of an artistic hotspot. Local photographers, painters, and sculptors make works inspired by the scenery around them. Mariposa County is also working to build a welcoming environment for local small businesses.

For example, the Made in Mariposa initiative helps to promote local businesses. From arts and agriculture to manufacturing, you’ll be surprised how much is Made in Mariposa. The program features products that use more than half of their raw materials or labor from the county. The program also hosts tradeshows and events for members to boost the profile of local products.

Small businesses can also benefit from SBA loans. These loans provide up to $3 million and can be used as working capital or to finance the purchase of equipment or real estate.

Mariposa County has just one school district and 8 schools, which serve about 1,700 students. Despite the rural and remote locations of some of the schools, the county is using Broadband Internet Infrastructure Grants to improve internet connections at local schools.

The county is also home to a rich cultural scene. For example, the annual butterfly festival celebrates the county’s Spanish namesake as well as the seasonal Monarch migration. Each May, families flock to the small town of Mariposa to see butterflies raised by local schoolchildren. There is also a festival atmosphere with music, art, and food from local vendors.

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Approved Condos in Mariposa County

There are currently no approved condominiums in Mariposa. 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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