Question 1

What credit score do I need for FHA in Rohnert Park?

Accepted Answer

You need at least 580 for the 3.5% down program. Scores between 500 and 579 still qualify but require 10% down.

Question 2

Can I use FHA to buy a condo in Rohnert Park?

Accepted Answer

Yes, but the condo project must be FHA-approved. Not all complexes qualify, so confirm approval status before making an offer.

Question 3

How long does FHA mortgage insurance last?

Accepted Answer

With less than 10% down, MIP stays for the life of the loan. Put 10% or more down and it drops after 11 years.

Question 4

Are FHA rates higher than conventional rates?

Accepted Answer

FHA rates are often slightly lower than conventional, but MIP adds to your monthly cost. Rates vary by borrower profile and market conditions.

Question 5

Will sellers in Rohnert Park accept FHA offers?

Accepted Answer

Some sellers hesitate due to FHA property standards. A strong pre-approval and experienced broker help your offer stand out.

Question 6

What is the FHA loan limit for Sonoma County?

Accepted Answer

Sonoma County has higher FHA limits than the national baseline due to local home prices. Contact us for the current limit before you shop.

FHA Loans in Rohnert Park, CA