Question 1

What is the FHA loan limit in Placer County?

Accepted Answer

FHA loan limits adjust annually. Confirm the current Placer County limit with us before setting your home search budget.

Question 2

Can I use an FHA loan to buy a new construction home in Rocklin?

Accepted Answer

Yes. New construction qualifies for FHA financing. The builder's timeline and certificate of occupancy affect your closing date.

Question 3

How long does FHA mortgage insurance last?

Accepted Answer

Put less than 10% down and MIP stays for the loan's life. Put 10% or more down and MIP drops after 11 years.

Question 4

Is FHA better than conventional for Rocklin buyers?

Accepted Answer

Depends on your credit and savings. FHA wins below 680 credit. Conventional wins if you have 20% down or strong credit above 740.

Question 5

Can I use gift funds for my FHA down payment in Rocklin?

Accepted Answer

Yes. FHA allows 100% of the down payment to come from gift funds. The donor must provide a signed gift letter.

Question 6

What credit score do I actually need for FHA approval?

Accepted Answer

FHA allows 580 for 3.5% down. Some lenders add overlays requiring 620 or higher — we find lenders who stick closer to FHA minimums.

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