Question 1

What credit score do I need for FHA in Murrieta?

Accepted Answer

FHA guidelines allow 580 for 3.5% down. Most lenders we work with accept 580, though some require 600-620 based on their overlays.

Question 2

Can I use FHA for a Murrieta condo?

Accepted Answer

Yes, if the complex holds FHA approval. About 60% of Murrieta condos qualify. We verify approval status before you write an offer.

Question 3

How much are FHA closing costs in Riverside County?

Accepted Answer

Expect 2-4% of purchase price. Sellers can contribute up to 6% toward your costs, and the upfront insurance premium gets financed into your loan.

Question 4

Does FHA work for first-time buyers in Murrieta?

Accepted Answer

FHA works for any buyer, not just first-timers. The low down payment and flexible credit make it popular with first-time buyers.

Question 5

When should I choose conventional over FHA?

Accepted Answer

If you have 680+ credit and 5% down, conventional costs less monthly. We run both scenarios so you see the actual payment difference.

FHA Loans in Murrieta: Low Down Payment Access to Riverside County Homeownership