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FHA Loans.

Get a FREE quote on an FHA Loan & save thousands of dollars per year.

Program overview

The Lowdown on FHA Loans…

Our FHA Loan Rates Are Low & Our Process is Quick & Painless. An FHA loan is a mortgage loan that is insured by the Federal Housing Administration (FHA). Essentially, the federal government insures loans for FHA-approved lenders in order to reduce their risk of loss if a borrower defaults on their mortgage payments. The FHA program was created in response to the rash of foreclosures and defaults that happened in 1930s; to provide mortgage lenders with adequate insurance; and to help stimulate the housing market by making loans accessible and affordable.

Why FHA?

Why an FHA Loan?

Typically an FHA loan is one of the easiest types of mortgage loans to qualify for because it requires a low down payment and you can have less-than-perfect credit. An FHA down payment of 3.5% is required. Borrowers who cannot afford a traditional down payment of 20% or can't get approved for private mortgage insurance should look into FHA loans.

Loan features

FHA programs we offer.

Fixed Rates
Adjustable Rate (ARM)
3.5% Down Payments
Jumbo & Super Jumbo
Terms from 5 to 30 Years
FHA eligibility

Who qualifies for an FHA loan?

FHA loans are one of the easiest types of mortgages to qualify for — low down payment and less-than-perfect credit are both okay.

  • 3.5% down payment minimum. A fraction of what conventional loans typically require.
  • Lower credit-score thresholds. Borrowers who can't get approved for private mortgage insurance should look at FHA.
  • Down payment can be a gift. From a family member, employer, or charitable organization.
  • Owner-occupied properties only. Single-family, condos, 2–4 unit buildings (you live in one).
  • FHA loan limits apply. Limits vary by county; we'll confirm yours during the rate quote.
  • Mortgage insurance premium (MIP) required. Upfront and monthly — the trade-off for the low down payment.
FAQ

Common questions answered.

FHA officially accepts 580+. We may be able to work with lower scores if other compensating factors are strong. Call us to discuss your specific situation.
Yes. FHA allows gifts from family members. We'll need a gift letter from the donor stating the funds are a gift with no repayment expectation.
FHA insurance protects the lender if you default. You pay an upfront premium (typically 1.75%) and annual insurance premiums rolled into your monthly payment. This is how FHA can approve lower-credit borrowers.
If your down payment is less than 10%, you pay insurance for the life of the loan. With 10% or more down, insurance drops after 11 years. You can also remove insurance by refinancing.
Limits vary by county and property type. Most counties in our service area range from $500K to $1M+. We'll confirm the exact limit for your property.
Yes. FHA allows seller concessions up to 6% of the purchase price. This can reduce or eliminate your out-of-pocket costs at closing.

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For veterans

VA Loan

Zero down, no PMI. If you served, VA offers even better benefits than FHA without mortgage insurance.

 Conventional option

30-Year Fixed

If your credit has improved, conventional loans offer no mortgage insurance with 20% down.

Ready to become a homeowner?

FHA pre-approval takes minutes. We'll explain the insurance costs and walk you through the process.

Apply now Call (949) 296-0636