Question 1

What credit score do I need for FHA in Firebaugh?

Accepted Answer

You need 580 for 3.5% down or 500 for 10% down. Most lenders prefer 580 minimum with documented income.

Question 2

Can farm workers qualify for FHA loans?

Accepted Answer

Yes, if you show two years of seasonal work history. Lenders average your income across full cycles including off-season.

Question 3

Does FHA mortgage insurance ever go away?

Accepted Answer

Only if you put 10%+ down, it drops after 11 years. With 3.5% down, it lasts the full loan term.

Question 4

Will older Firebaugh homes pass FHA inspection?

Accepted Answer

Many do, but FHA requires working systems and safety standards. Sellers sometimes need to make repairs before closing.

Question 5

Can I use gift money for my FHA down payment?

Accepted Answer

Yes, family members can gift your entire down payment. You need a signed letter documenting the gift with no repayment expected.

Question 6

How does FHA compare to USDA loans here?

Accepted Answer

USDA offers zero down but caps income around $103,500 for most households. FHA requires 3.5% down with no income limit.

FHA Loans in Firebaugh: Flexible Credit, Low Down Payment Options