Question 1

What's the minimum credit score for FHA in Buena Park?

Accepted Answer

580 gets you 3.5% down. Scores between 500-579 require 10% down.

Question 2

Does FHA mortgage insurance ever go away?

Accepted Answer

Not on most FHA loans. MIP stays for the loan's life unless you refinance into a conventional loan.

Question 3

Can I use FHA to buy a condo in Buena Park?

Accepted Answer

Yes, but the condo project must be FHA-approved. Check HUD's approved condo list before making an offer.

Question 4

What's the FHA loan limit for Orange County?

Accepted Answer

HUD sets Orange County limits annually. Confirm the current ceiling before you start shopping.

Question 5

Can I use gift funds for my FHA down payment?

Accepted Answer

Yes. FHA allows 100% of the down payment to come from a documented gift. The donor can't be the seller.

Question 6

How long does FHA approval take in Buena Park?

Accepted Answer

Most FHA closings run 30-45 days. Stricter appraisal requirements can add time if repairs are needed.

FHA Loans in Buena Park, CA — Low Down, Real Approval