Purchase or Refinance with an FHA Mortgage Loan

If you are a first-time home buyer, you have come to the right place.  We specialize in FHA mortgage loans and working with first time home buyers in California.  FHA home loans are not only for first time buyers, they can be used even if you have previously owned property.  You can purchase a new home with just a 3.5% down payment and your credit does not have to be perfect. Check out our FHA purchase loan page for more information.

If you are looking to refinance your home, FHA home loan programs allow cash out up to 95% loan-to-value (LTV). They also have a streamline refinance if your current mortgage  is an FHA loan.  Although you cannot take cash out on a streamline refinance, it is a great option if you have a higher interest rate and you are looking to lower your payments.  Go to the FHA streamline refinance webpage to read more about this program.

What is FHA?

FHA stands for the Federal Housing Administration.  FHA does not lend directly to the public.  They insure the loans that are made by FHA approved lenders.  They are the largest insurer of loans in the world, insuring more than 34 million properties.

FHA provides lenders with protection against losses in the case a borrower defaults on their home loan.  FHA pays a claim to the lender if the borrower defaults on their loan which results in less of loss to the lender.

Do You Qualify for a FHA Mortgage?

We have a lot of underwriting guideline information on our website.  Feel free to look around.  If you are not sure if you qualify for a home loan, fill out our short pre-qualification form below.  We will call you within 24 hours to discuss your personal loan scenario to see if you qualify for an FHA mortgage loan.  If by chance you do not qualify at this time, we will work with you to help you to prepare to qualify for an FHA loan in the near future. 

Contact us today at 818-920-1600.