Question 1

What credit score do I need for FHA in Antioch?

Accepted Answer

You need 580 for 3.5% down. Below 580 requires 10% down, though most lenders won't go below 580 regardless of down payment size.

Question 2

Can I use FHA for a condo in Antioch?

Accepted Answer

Yes, but the condo complex must be FHA-approved. Many Antioch complexes aren't on the approved list, which limits your options.

Question 3

How much are closing costs on Antioch FHA loans?

Accepted Answer

Expect 2% to 5% of the loan amount. The 1.75% upfront mortgage insurance premium adds to this total at closing.

Question 4

Does FHA work for investment properties in Antioch?

Accepted Answer

No. FHA requires owner occupancy. You must live in the property as your primary residence for at least one year.

Question 5

Can sellers pay my closing costs with FHA?

Accepted Answer

Yes, sellers can contribute up to 6% of the purchase price toward your closing costs. This is higher than conventional loans allow.

FHA Loans in Antioch: Lower Down Payments, Flexible Credit Requirements