FHA Loans

FHA loans are an attractive option, especially for first-time homeowners because it is insured by the Federal Housing Administration (FHA).  Primarily, 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. Typically the borrower can be approved with 3.5% down vs 20% that is required on other loan programs.

Advantages of FHA Loans

FHA Loans offers borrowers with who have little money for a down payment with less than perfect credit secure mortgage loans.   FHA loans allow homeowners to refinance with little to no equity.  Let us walk you through the home loan approval process.  It is easier than you might think.

Easy to get approved for FHA Loans

2 yr old Chapter 7 Bankruptcy okay

Just finished your Chapter 13 Bankruptcy okay

Lower credit scores allowed

Higher Debt to Income Ratios allowed

Gift funds allowed

FHA Loan Limits

Loan Limits are determined by the County that the property is in based on the median sales price.   Loan limits increase if the property is 2, 3 or 4 units.   You must occupy a unit as your primary residence but receive rental income from the remaining units.

Apply for a FHA Loan today

Parkview Investment & Loan is proud to help families with FHA loans for San Diego, Chula Vista, National City, Imperial Beach as well as the whole state of California.  If you are looking to refinance your current FHA loan to a lower interest rate or buy your first home we can help.  Call Parkview Investment & Loan today at 858-337-6968 or fill out the quick quote on the right to speak to a FHA professional.

 

FHA