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FHA Home Purchase Loans

An FHA loan is a mortgage that is insured by the Federal Housing Administration. FHA loans usually have less rigorous lending standards and lower down-payment requirements, this makes FHA loans popular with first time home-buyers. FHA is an agency within the U.S. Department of Housing and Urban Development.

Why a FHA loan

  • Do you need less stringent qualification and credit requirements?
  • Is your down payment less than 20%?
  • Do you have less than perfect credit?

FHA loan qualification requirements

  • Credit scores as low as 580 may qualify
  • Buy a home with as little as 3.5% down [ primary residence ]
  • Debt to income ratio less than 55%
  • 3 months of payment reserves required
  • Loan amount must be under FHA Mortgage Limits [ check here ]

How an FHA loan works

  • Pay your mortgage at any time without pre-payment penalties
  • 30-, 25-, 20- and 15-year terms are all available with fixed rates
  • 5-year adjustable-rate mortgages are available

When your ready to start your FHA loan, we are experts to guide you through the entire process, the first step is getting you pre-approved. You can complete the form below and or if you prefer to speak with one of our mortgage advisors, we would be happy to speak with you at 626-840-8343.