Question 1

What is the FHA loan limit in Merced County?

Accepted Answer

FHA sets annual loan limits by county. Check HUD's current limit table for Merced County before assuming your target price qualifies.

Question 2

Can I use FHA to buy a duplex in Atwater?

Accepted Answer

Yes — FHA allows 2-4 unit properties if you live in one unit. You can use rental income from the other units to help qualify.

Question 3

How long does FHA mortgage insurance last?

Accepted Answer

On loans with less than 10% down, FHA mortgage insurance runs for the life of the loan. Putting 10% or more down drops it after 11 years.

Question 4

Does FHA allow gift funds for the down payment?

Accepted Answer

Yes. FHA lets you use 100% gift funds for your down payment. The donor must write a signed letter confirming no repayment is expected.

Question 5

What credit score do I need for FHA in Atwater?

Accepted Answer

FHA's minimum is 500, but most lenders in our network want 580 for the 3.5% down program. Below 580 means 10% down.

Question 6

Is FHA a good fit for Atwater first-time buyers?

Accepted Answer

Often yes. Atwater's price range and FHA's flexible credit rules make it a strong match for buyers who haven't built large cash reserves yet.

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