Question 1

What credit score do I need for FHA in Palmdale?

Accepted Answer

You need 580 for 3.5% down, though most lenders want 600+. Below 580 requires 10% down and fewer lenders approve it.

Question 2

Can I use FHA on a Palmdale fixer-upper?

Accepted Answer

Standard FHA requires working systems and no safety hazards. Use FHA 203(k) renovation loans for properties needing repairs.

Question 3

How much is FHA mortgage insurance in Palmdale?

Accepted Answer

Upfront MIP is 1.75% of loan amount. Annual MIP runs 0.55%-0.85% depending on down payment and loan term.

Question 4

Does FHA work on Palmdale condos?

Accepted Answer

Only if the complex is FHA-approved. Many Palmdale HOAs aren't approved, which kills financing options fast.

Question 5

Can I cancel FHA mortgage insurance?

Accepted Answer

Only if you put 10% down and wait 11 years. Otherwise it stays for the loan life—refinance to remove it.

Question 6

What's the FHA loan limit in Palmdale?

Accepted Answer

LA County FHA limit is $644,000 for single-family homes in 2024. Above that you need a jumbo loan.

FHA Loans in Palmdale: 3.5% Down on Antelope Valley Homes