Question 1

Can I use FHA to buy in Gonzales with bad credit?

Accepted Answer

You can qualify with a 580 score and 3.5% down. Below 580 requires 10% down and fewer lenders will touch it.

Question 2

Does Gonzales qualify for USDA instead of FHA?

Accepted Answer

Much of Gonzales falls in USDA-eligible zones. If your income is under the USDA limit, that's worth checking first.

Question 3

How does FHA handle agricultural or seasonal income?

Accepted Answer

FHA accepts it with a 2-year history. Lenders will average your income and want to see consistent employment patterns.

Question 4

Will FHA MIP increase my monthly payment significantly?

Accepted Answer

Yes. FHA charges an upfront MIP plus monthly MIP. On most loans it adds meaningful cost — run the numbers against USDA or conventional.

Question 5

Can family help with my FHA down payment in Gonzales?

Accepted Answer

Yes. FHA allows 100% of your down payment to come from gift funds. The donor just needs to sign a gift letter.

Question 6

What property types qualify for FHA in Gonzales?

Accepted Answer

Single-family homes, FHA-approved condos, and 2-4 unit properties qualify. The home must pass an FHA appraisal for safety and condition.

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