Question 1

What is the FHA loan limit in San Bernardino County?

Accepted Answer

San Bernardino County follows FHFA-set FHA limits updated annually. Check current limits before locking in your purchase price.

Question 2

Can I use FHA to buy a home in Rialto with a 600 credit score?

Accepted Answer

Yes. 600 qualifies for 3.5% down under FHA guidelines. Some lenders impose overlays, so not every lender will approve at 600.

Question 3

How much is FHA mortgage insurance?

Accepted Answer

Upfront MIP is 1.75% of the loan amount. Annual MIP runs 0.55% on most 30-year loans and is paid monthly.

Question 4

Does FHA allow gifts for the down payment?

Accepted Answer

Yes. The full 3.5% can come from a gift from a family member. The gift must be documented with a signed gift letter.

Question 5

Can I remove FHA mortgage insurance later?

Accepted Answer

Not by paying down the balance alone. You refinance into a conventional loan once you reach 20% equity to drop MIP.

Question 6

Is FHA or conventional better for a Rialto first-time buyer?

Accepted Answer

Depends on your credit score. Below 660, FHA usually wins on rate and cost. Above 700, conventional gets competitive.

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