FHA Purchase Loan
With Credit Score as Low as 550
The Federal Housing Administration (FHA) has a number or purchase loan programs to help you become a home owner, and we can help find you the right loan program to suit your needs. There are lots of programs and options to choose from, but rest assured, that from start to finish, we know FHA and can get you the best loan for which you're qualified. Since we are experts in FHA loans, you can be sured that we can make the process as smooth and efficient as possible.
Credit scores as low as 550
Debt to income ratio up to 43%
Fixed rate, adjustable rate, and high balance loan options
Only 10% down payment
May be eligible for reduced wait times for bankruptcy and foreclosure
Up to a 3% rebate of loan size to pay for closing costs and prepaid items
* Programs available only to qualified borrowers.
Programs subject to change without notice.
** Underwriting terms and conditions apply. Some restrictions may apply.
CalHFA FHA Program
The CalHFA FHA Program is an FHA-insured loan featuring a CalHFA 30 year fixed interest rate first mortgage.
Borrower Requirements
Occupy the property as a primary residence; non-occupant co-borrowers are not allowed.
CalHFA borrowers must complete homebuyer education counseling and obtain a certificate of completion through an eligible homebuyer counseling organization.
Property Requirements
Sales price of the home cannot exceed CalHFA's sales price limit
Be a single-family, one-unit residence, including approved condominium/PUDs
Manufactured housing is permitted
Condominiums must meet the guidelines of the first mortgage
There is a five acre maximum on the size of the property
VA Mortgage & Military Service
100%
FINANCING
Backed by the Department of Veterans Affairs, VA loans are designed to help qualified Veterans, Reservists, and Active Duty Member finance their homes
Benefits
A VA Loan can be a great option, especially if you have limited funds for a down payment or closing costs or if you prefer to keep cash reserves for other investments and expenses.
No Monthly Mortgage Insurance Premiums
No Funding Fee for Disabled Vets
Not Limited to First-Time Home Buyers
Closing Costs May Come From a Gift or Be Paid by Seller
VA IRRRL-Streamline Rate Reduction Refinances
Competitive Fixed Interest Rates