Question 1

What is the FHA loan limit for Humboldt County?

Accepted Answer

Humboldt County falls under standard FHA limits set by HUD each year. Check current limits before assuming your target price qualifies.

Question 2

Can I use FHA to buy a fixer-upper in Fortuna?

Accepted Answer

Yes, through the FHA 203k rehab loan. It wraps purchase and repair costs into one loan — useful for Fortuna's older housing stock.

Question 3

Do I pay mortgage insurance forever on an FHA loan?

Accepted Answer

If you put less than 10% down, yes — MIP stays for the loan's life. Putting 10% or more down drops it after 11 years.

Question 4

Can self-employed buyers use FHA in Fortuna?

Accepted Answer

Yes, with two years of tax returns showing stable or growing income. One bad year can complicate the file even if the current year looks strong.

Question 5

Is FHA or USDA better for Fortuna home buyers?

Accepted Answer

USDA wins on monthly cost if the property is USDA-eligible. FHA covers more property types and has no geographic income restrictions.

Question 6

How long does FHA approval take in Fortuna?

Accepted Answer

Typically 30–45 days. Older homes needing repairs or rural properties with well and septic requirements can push that timeline longer.

FHA Loans in Fortuna, CA — Low Down, Real Approval