Question 1

What credit score do I need for FHA in Hanford?

Accepted Answer

580 gets you 3.5% down. Lower scores to 500 require 10% down, but most lenders won't approve that range.

Question 2

Can I use FHA for a fixer-upper in Hanford?

Accepted Answer

Standard FHA requires homes move-in ready. FHA 203k rehab loans cover renovations but add complexity and costs.

Question 3

How much is FHA mortgage insurance in Kings County?

Accepted Answer

1.75% upfront (usually rolled into loan) plus 0.55%-0.85% annual premium. Rate depends on loan amount and down payment.

Question 4

Do Hanford sellers accept FHA offers?

Accepted Answer

Most do, but prepare for appraisal repair pushback. Older homes often need work to meet FHA property standards.

Question 5

Can I buy a Hanford home with FHA and no money down?

Accepted Answer

You need 3.5% down minimum. Seller concessions cover closing costs, and gift funds work for the full down payment.

FHA Loans in Hanford: 3.5% Down on Kings County Homes