FHA Loans Give Homebuyers More Options!
The FHA mortgage can make your homebuying dream a reality with competitive rates and a low down payment.
The FHA Loans Offer
- Minimum 500 fico score may qualify 10% down
- Minimum 580 fico score may qualify 3.5% down
- No Pre-payment Penalty
- Assumable
- Lower interest rates than conventional loans
- Very low down payment which can be a gift
- Payment includes taxes and insurance
- Accommodates lower credit scores
- Available for SFR, condo, duplex, 3-4 units, manufactured
- Seller can pay 6% closing costs, prepaids
- No Fico Score with alternative credit Ok
- BK 2 yrs Ok
- Foreclosure, short sale, deed in lieu 3 yrs Ok
- Easier guidelines to qualify
- Up to $453,100 and High Balance/Jumbo $679,650
- 203k, 203k streamline rehab loans are available CA only