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FHA Loans in Roseville
Roseville's mix of single-family neighborhoods and attached homes creates strong FHA territory. Many buyers here use 3.5% down to get into starter properties.
Placer County prices sit below Sacramento metro peaks but still stretch first-time budgets. FHA financing bridges that gap without requiring 20% down.
The loan limits matter here. FHA caps at $766,550 in Placer County, which covers most Roseville inventory outside premium areas.
You need 580 credit for 3.5% down. Between 500-579 credit, you'll put 10% down instead.
Debt ratios can stretch to 50% with compensating factors. Recent bankruptcy or foreclosure? FHA timelines beat conventional by years.
Job history matters more than job type. Two years of steady income works whether you're W-2, self-employed, or commissioned.
The property needs an FHA appraisal. Some Roseville condos won't qualify if the HOA doesn't meet FHA standards.
Every major lender offers FHA, but pricing varies by hundreds in monthly mortgage insurance. We shop across 200+ lenders to find the best MI factor.
Some lenders price FHA aggressively for credits above 680. Others specialize in 580-620 profiles with recent credit events.
Condo financing gets tricky. Not all lenders approve properties on the FHA spot approval list, so we match deals to lender overlays.
Turnaround times run 21-30 days with experienced FHA underwriters. Slower lenders can drag into 45 days on properties needing appraisal repairs.
Most Roseville buyers choosing FHA fall into two camps: first-timers with limited savings, or credit-rebuild cases who can't hit conventional standards yet.
The upfront mortgage insurance hits at closing—1.75% of the loan amount. On a $500K purchase, that's $8,750 rolled into your loan.
Monthly MI doesn't drop off like it does with conventional loans. You're stuck with it for the loan's life unless you put 10%+ down initially.
Sellers here know FHA appraisals scrutinize property condition. Peeling paint or cracked windows can delay closing if repairs are required.
Conventional loans need just 3% down now, but require 620+ credit and stricter income documentation. FHA wins when your credit sits in the 580-680 range.
VA loans beat FHA on every metric if you're a veteran—no down payment, no monthly MI, better rates. Use your VA benefit first.
Jumbo loans take over above $766,550. Roseville has plenty of homes in that range, especially west of Foothills.
Roseville's condo market includes older complexes built in the 1980s and 1990s. These sometimes fail FHA approval due to deferred maintenance or owner-occupancy ratios.
Newer construction east of Highway 65 usually sails through FHA appraisals. Builders know the requirements and deliver move-in ready properties.
Traffic to Sacramento jobs drives buyer demand here. That 20-minute commute makes Roseville accessible for state workers using FHA.
Property taxes in Placer County run higher than neighboring counties. Factor 1.1-1.3% of purchase price into your monthly payment math.
$766,550 for single-family homes in Placer County. That covers most Roseville inventory except luxury neighborhoods.
Yes, if the complex appears on FHA's approved list or qualifies for spot approval. Many older Roseville condos don't meet standards.
1.75% upfront plus 0.55-0.85% annually depending on down payment and loan amount. Monthly MI stays for the loan's life.
580 minimum for 3.5% down. Scores between 500-579 require 10% down instead.
Sometimes. Appraisers flag peeling paint, broken windows, and safety hazards that sellers must repair before closing.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.