Options for an FHA Loan in Arcadia, Pasadena, Sacramento, San Diego, San Jose & Ventura, CA Residents

FHA loans make the dream of home ownership more attainable. We are the trusted resource for these loans in San Diego, San Jose, Sacramento, Arcadia, Pasadena, and Ventura, California. In fact, we assist clients in every part of the state, so we have a very wide reach. Our team members have a wealth of experience connecting people with the funding that they need, and we are always ready to help our neighbors throughout the Golden State.

First time home buyers that would find it difficult to qualify for a conventional mortgage often turn to FHA loans. These mortgages are guaranteed by the federal government, so lenders know that they are protected from defaults. FHA loans make is easier for people with limited resources to enjoy the benefits of home ownership, because you do not need fantastic credit and a large down payment to qualify.

You can obtain an FHA loan with just 3.5 percent of the purchase price as a down payment. To qualify for this low initial outlay, you must have a credit score of at least 550. This very modest requirement makes it possible for many people with limited or spotty credit histories to own their own homes. Plus, there is more good news for people with less than perfect credit. As long as you can come up with 10 percent as your down payment, you can qualify for an FHA loan with a credit score that is as low as 500 in some cases.

The Key to Wealth Building!

If you are paying rent every month, you gain nothing as you build wealth for your landlord. On the other hand, if you own your own home, you are building wealth for yourself as your equity grows year by year. To add to the appeal, here in California, a mortgage payment will typically be lower than what the rent would be for the same house. In addition to the financial advantages, you also enjoy the pride of home ownership, and that is something that is priceless.

We are here to help if you would like to learn more about FHA loans, and we go the extra mile to make things happen for our clients. You can get the ball rolling if you click this link or you can simply give us a call at 844-664-8048.