FHA Loans

  With a down payment as low as 3.5%

It's easy to understand why many people looking for a new home in California are turning to FHA insured loan programs. Since 1930 FHA Loans are insured by the Federal Housing Administration, FHA loans can be helpful for first-time homebuyers, but you don’t have to be a first-time buyer to qualify. They also may be a good option if you have less-than-perfect credit since they have an easier qualifying process than most conventional home loans.homebuyers have an easier time qualifying for a mortgage.

 

Key FHA Loan Benefits:

• Lower credit score requirements. LamCap Partners can get borrowers qualified for an FHA loan with scores down to 580. Sometimes we can get approvals with even lower FICO scores.
• FHA loans have low monthly mortgage insurance even with very low down payments.
• The federal government caps closing costs to keep them affordable.
• You can qualify more quickly with an FHA loan post-bankruptcy or foreclosure than the majority or other mortgage types.
• FHA loans  requiring only a 3.5 percent down payment of the purchase price, we can get many people into affordable loans that wouldn't qualify otherwise.
• FHA loans are often a great option for first-time homebuyers.

New Changes in FHA Loans in California:

In response to the growing housing situation in the United States, the loan limits for FHA Loans have been temporarily raised. Depending on where you live you might find it even easier to qualify for an FHA loan.

As FHA Loan specialists we can help you understand any new changes to the FHA loan program. We're here to create a customized solution that works best for you and your family. To learn more call us at 949-322-3044 or contact us via email by clicking here.

These materials are not from HUD or FHA and were not approved by HUD or a government agency.