Question 1

What is the FHA loan limit for Riverside County?

Accepted Answer

Riverside County FHA limits are set annually by HUD. Contact us for the current limit — it directly caps how much you can borrow with FHA here.

Question 2

Can I use FHA to buy a home in Hemet with bad credit?

Accepted Answer

FHA allows scores down to 500. Below 580, you need 10% down and lender options narrow significantly.

Question 3

Does FHA mortgage insurance ever go away?

Accepted Answer

Not if you put less than 10% down — MIP stays for the loan's life. Put 10%+ down and MIP drops off after 11 years.

Question 4

Are there FHA-approved condos in Hemet?

Accepted Answer

FHA condo loans require the complex to be on HUD's approved list. We check that before you write an offer.

Question 5

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

Accepted Answer

Yes. FHA allows the full 3.5% down to come from a gift. The donor just needs to sign a gift letter — no repayment expected.

Question 6

How does FHA compare to conventional for a Hemet first-time buyer?

Accepted Answer

FHA wins on credit flexibility. Conventional wins on long-term cost above 620 credit. We model both for every first-time buyer.

FHA Loans in Hemet, CA — Low Down, Real Access