California FHA Loan

Now California home buyers can take advantage of the fact that California FHA loans are available for them to purchase a new home, thanks in part to updated and expanded loan limits. These loan limits apply everywhere in the state (as well as for the refinance of an existing home too).

The California FHA home loan allows you, as a first time home buyer or any qualified California home buyer, to purchase a home with only a 3.5% down payment. If you already have an FHA Loan and want to improve your terms, you can use the low cost streamline refinance mortgage program to quickly improve your rate and lower your payment. Need cash-out? The FHA loan program will allow a cash-out refinance for up to 85% of the existing value of your home.

Purchasing a new home is always an exciting affair! As you have probably waited for this opportunity for quite a long time, finding the right home requires a great deal of research, ultimately followed by the making the right mortgage decision! Just like you would want to find the right home for your family, it is every bit as important to find the right type of mortgage for to fit your family's financial situation. This is where we can help! By offering a broad range of mortgage programs -- of course, including the FHA loan -- the probability exists that we have a home loan product that will suit your requirements and take care of your interests for the long run.

Applying for a California FHA mortgage is an attractive option to most home buyers, partly because the down payment requirements for this loan can be as low as 3.5% (and you can use any number of Down Payment Assistance programs and options to help you meet this requirement). With higher debt ratios and more flexible underwriting, California home buyers and homeowners are finding the FHA program just might be the perfect loan for them!

Qualifying for a CA FHA home loan is much easier compared to a conventional loan, as lenders make decisions based upon credit quality rather than credit scores. Give us a call to find out more!