Question 1

What is the FHA loan limit in Merced County?

Accepted Answer

FHA sets county-level limits annually. Merced County's limit covers most Gustine home prices — contact us for the current figure.

Question 2

Can I use FHA to buy a home with acreage in Gustine?

Accepted Answer

Yes, but the land can't be the primary value driver. FHA appraisers evaluate whether the property is residential, not agricultural.

Question 3

Does FHA allow gift money for the down payment?

Accepted Answer

Yes. A family member can gift your entire 3.5% down. The gift must be documented — no repayment expected.

Question 4

How long does FHA mortgage insurance last?

Accepted Answer

With less than 10% down, MIP stays for the full loan term. Put 10% or more down and it drops after 11 years.

Question 5

Can self-employed Gustine borrowers qualify for FHA?

Accepted Answer

Yes, but lenders want two years of tax returns and a current profit-and-loss statement. Net income after deductions is what counts.

Question 6

Is FHA or USDA better for buying in Gustine?

Accepted Answer

USDA often wins — zero down and no ongoing MIP. Gustine falls within USDA-eligible zones, so compare both before deciding.

FHA Loans in Gustine, CA — Low Down, Real Buying Power