Question 1

What credit score do I need for an FHA loan in Victorville?

Accepted Answer

You need a minimum 580 credit score for 3.5% down payment. Scores between 500-579 may qualify with 10% down. Rates vary by borrower profile and market conditions.

Question 2

How much down payment is required for Victorville FHA loans?

Accepted Answer

FHA loans require just 3.5% down for qualified borrowers. This can come from savings, gifts from family, or approved down payment assistance programs.

Question 3

Can I buy a condo in Victorville with an FHA loan?

Accepted Answer

Yes, if the condo is in an FHA-approved complex. Your lender can verify approval status and help identify eligible properties in the area.

Question 4

What are FHA loan limits in San Bernardino County?

Accepted Answer

FHA loan limits vary by year and county. Your mortgage broker can provide current limits for San Bernardino County and how they apply to your purchase.

Question 5

Does FHA require mortgage insurance in Victorville?

Accepted Answer

Yes, FHA loans include both upfront and annual mortgage insurance premiums. These protect the lender and enable the low down payment feature.

FHA Loans in Victorville: Affordable Home Financing with Flexible Credit Requirements