Question 1

What is the FHA loan limit in Riverside County?

Accepted Answer

FHA loan limits for Riverside County are set annually by HUD. Check current limits before shopping — they determine your max FHA loan size.

Question 2

Can I use FHA to buy a horse property in Norco?

Accepted Answer

Yes, if the home meets FHA property standards. The appraiser focuses on the dwelling — corrals and outbuildings won't add to your appraised value.

Question 3

Does FHA mortgage insurance ever go away?

Accepted Answer

Not if you put less than 10% down. At 3.5% down, MIP stays for the life of the loan. Refinancing to conventional later is the only exit.

Question 4

What credit score do I need for FHA in Norco?

Accepted Answer

FHA allows 580 for 3.5% down. Some lenders add stricter overlays — we work with wholesale lenders who approve at true FHA minimums.

Question 5

Can FHA be used for investment properties?

Accepted Answer

No. FHA requires owner occupancy — you must live in the home. It's for primary residences only.

Question 6

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

Accepted Answer

FHA is easier to qualify for with lower credit scores. Conventional costs less long-term if you have 5–10% down and a score above 700.

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