Question 1

What is the FHA loan limit for Butte County?

Accepted Answer

FHA sets county-level limits that change annually. In Butte County, limits typically cover most Gridley purchase prices — confirm the current limit before shopping.

Question 2

Can I use FHA to buy a manufactured home in Gridley?

Accepted Answer

Yes, but separate FHA rules apply. The home must meet HUD standards and be on a permanent foundation.

Question 3

Does FHA mortgage insurance ever go away?

Accepted Answer

Not automatically on most FHA loans. You'd need to refinance into a conventional loan once you reach enough equity.

Question 4

Can I qualify with a recent bankruptcy in Gridley?

Accepted Answer

FHA allows it. Chapter 7 requires a 2-year wait. Chapter 13 may qualify after 12 months of on-time payments with court approval.

Question 5

Is a 3.5% down payment the only FHA option?

Accepted Answer

It's the minimum at 580+ credit. If your score is between 500 and 579, FHA requires 10% down instead.

Question 6

Why use a broker instead of a bank for FHA in Gridley?

Accepted Answer

Banks have internal overlays that can tighten FHA rules. A broker shops across lenders to find one whose guidelines actually fit your file.

FHA Loans in Gridley, CA — Low Down, Real Access