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FHA loans in Isla Vista, CA

Quick answer

The 2026 FHA loan limit in Isla Vista, CA (Santa Barbara County) is $941,850 for a single-family home, enough for a purchase price up to about $976,000 with 3.5% down. On the $1,241,700 median home value, that down payment is about $43,460 and the estimated payment is $9,679/month at 7.18%, which needs roughly $415,000 a year in income.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsData last updated

Median household income: $24,428; value-to-income ratio 50.83. Isla Vista ranks 59 by home value and 422 by population among 502 places in our CA dataset.

What does an FHA loan cost on a typical Isla Vista home?

ItemIsla Vista
Median home value (Census ACS)$1,241,700
California median home value$695,400
Down payment (3.5%)$43,460
Loan incl. 1.75% upfront MIP$1,219,210
Estimated monthly payment (PITI + MI)$9,679
Income needed (28% / 36%)$415,000 / $323,000
Santa Barbara County 2026 FHA limit (1 unit)$941,850
Max purchase price at the limit$976,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Payment includes California's 0.71% effective property tax rate (Census ACS), $1,655/yr homeowners insurance (NAIC state average) and 0.55% annual FHA MIP.

What is the 2026 FHA loan limit in Isla Vista?

Isla Vista is in Santa Barbara County, a designated high-cost area, where HUD's 2026 one-unit FHA limit is $941,850. With the minimum 3.5% down, that caps the purchase price at about $976,000; above that you'd need a bigger down payment or a conventional loan (conforming limit $941,850).

The Isla Vista median home value of $1,241,700 is 79% above the California median, and above what the county limit supports.

Which down payment assistance programs can Isla Vista buyers use?

FHA loans in nearby cities

University of California-Santa BarbaraGoletaEastern Goleta ValleySanta BarbaraCarpinteriaSan Buenaventura (Ventura)

FHA loan FAQs for Isla Vista

Isla Vista is in Santa Barbara County, where HUD's 2026 FHA limit for a one-unit home is $941,850. With 3.5% down, that supports a purchase price up to about $976,000.

3.5% of $1,241,700 is about $43,460 with a 580+ credit score (10%, or $124,170, with a 500–579 score), plus closing costs.

At the $1,241,700 median value (above the California median of $695,400), the estimated payment of $9,679/month at 7.18% needs about $415,000 a year under the 28% housing guideline, or $323,000 if your total debts stay under 36%.

0 city-level, 0 county-level and 1 statewide programs are verified for this city (1 total). Check each official administrator's eligibility rules and available funds.

Sources

Data last updated October 23, 2026.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.