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FHA loans are available for people with credit scores of 580 or higher and down payments as low as 3.5% Making these loans more accessible than other mortgages.

FHA just reduced mortgage insurance rates.

We offer CalHFA and Chenoa FHA Down Payment Assistance programs that can cover your entire down payment and closing costs.

We offer “Buy-Downs” paid by the seller which can reduce rates by up to 3% of the current market rate.

Seller can pay up to 6% of your closing costs.

Great option for people whose credit score are 580 and higher, and who have a 3.5% down payment.

These loans are insured by the Federal Housing Administration (FHA).

The FHA protects lenders against defaults on payments. This makes it easier for you to qualify, and allows lenders to offer lower interest rates. Interest rates are historically low and you may also be able to lower your mortgage interest rate!

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What is an FHA Loan

An FHA loan is a mortgage issued by an FHA-approved lender and insured by the Federal Housing Administration (FHA). Designed for low-to-moderate-income borrowers, FHA loans require a lower minimum down payments and credit scores than many conventional loans.

As of 2019, you can borrow up to 96.5% of the value of a home with an FHA loan (meaning you'll need to make a down payment of only 3.5%). You'll need a credit score of at least 580 to qualify. If your credit score falls between 500 and 579, you can still get an FHA loan provided you can make a 10% down payment. With FHA loans, your down payment can come from savings, a financial gift from a family member or a grant for down-payment assistance.

All these factors make FHA loans popular with first-time homebuyers.

Understanding FHA Loans

An FHA loan is a mortgage issued by an FHA-approved lender and insured by the Federal Housing Administration (FHA). Designed for low-to-moderate-income borrowers, FHA loans require a lower minimum down payments and credit scores than many conventional loans.

As of 2019, you can borrow up to 96.5% of the value of a home with an FHA loan (meaning you'll need to make a down payment of only 3.5%). You'll need a credit score of at least 580 to qualify. If your credit score falls between 500 and 579, you can still get an FHA loan provided you can make a 10% down payment. With FHA loans, your down payment can come from savings, a financial gift from a family member or a grant for down-payment assistance.

All these factors make FHA loans popular with first-time homebuyers.