Question 1

Can I use FHA to buy a fixer-upper in Visalia?

Accepted Answer

FHA 203(k) loans let you roll renovation costs into your mortgage. The home must be livable at closing, and you'll need detailed contractor bids upfront.

Question 2

Does FHA work for manufactured homes in Tulare County?

Accepted Answer

Yes, but the home must be built after June 1976 and permanently fixed to a foundation you own. Most lenders require the unit to be at least 400 square feet.

Question 3

What down payment assistance programs work with FHA in Visalia?

Accepted Answer

CalHFA's MyHome Assistance provides 3.5% in deferred-payment loans that stack with FHA. You need 660+ credit and can't exceed income limits based on household size.

Question 4

How long after bankruptcy can I get FHA approval?

Accepted Answer

Two years after Chapter 7 discharge, one year into a Chapter 13 repayment plan with court approval. You must rebuild credit to at least 580 during that waiting period.

Question 5

Can self-employed farm workers in Visalia use FHA?

Accepted Answer

Absolutely, but you need two years of tax returns showing consistent income. We average your net profit after deductions, which often lowers your qualifying income significantly.

FHA Loans in Visalia: Low Down Payments for Central Valley Buyers