California FHA Loans

California FHA Loans

California FHA Loans / FHA Loans for California

California FHA loans make it easier for homebuyers with little to no money down or those with less than perfect credit to purchase a new home. Typical FHA loans require a minimal down payment of 3.5% but when combined with various other home buyer programs, it is possible to purchase with only 1% down or less.

FHA Loan Features

1- Low Down payment

2- Lower credit requirements

3-  Mo prepayment penalties

California FHA Loan Benefits
1- Less money to come up with at closing and gift money can be used

2- Helps home buyers with little established credit or with past credit issues to qualify for a home purchase

3- Pay off your mortgage sooner without incurring penalties

FHA Loans Make Financing Easier

California home buyers and well as home sellers may look to FHA loans for easier financing and programs designed to assist with a variety of financing options.  With and FHA home purchase loan, California home buyers may now purchase a home with less money down even if they have had previous credit issues.  Current homeowners may take advantage of the flexible FHA Streamline Refinance program, and seniors 62 years of age or older wanting to tap into the equity in their home may opt for the FHA reverse mortgage- Home Equity Conversion Mortgage (HECM).  Homeowners that currently have an FHA loan and who are struggling with mortgage payments may also take advantage of the FHA Pre-foreclosure Sale Program (PFS).

Through HUD, the FHA has created a variety of guaranteed loan programs to assist homebuyers and home sellers achieve their homeownership and financing objectives.

Please complete the information on the form on this page, and without cost or obligation an FHA loan specialist will contact you to discuss your options.

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