Question 1

What credit score do I need for FHA in Menifee?

Accepted Answer

You need 580 for 3.5% down. Scores from 500-579 qualify with 10% down. Some lenders require higher scores as overlays—we find ones that don't.

Question 2

Can I use FHA for a second home in Menifee?

Accepted Answer

No. FHA only finances primary residences. You must move in within 60 days of closing and live there at least one year.

Question 3

How does FHA mortgage insurance work?

Accepted Answer

You pay 1.75% upfront at closing plus annual MI in monthly payments. MI stays for the loan life with less than 10% down.

Question 4

Do Menifee sellers accept FHA offers?

Accepted Answer

Most do. Some worry about appraisals or repairs, but a solid approval and quick close timeline overcome seller concerns in practice.

Question 5

What are FHA loan limits in Riverside County?

Accepted Answer

Riverside County follows standard FHA limits, covering most Menifee homes. We confirm your target property falls within limits before starting your application.

FHA Loans in Menifee: Low Down Payment Options for Riverside County Buyers