Down Payment Options

Home in California

As a First Time Home Buyer you have several loan program options when it comes to financing your home purchase. The two most popular options are either a Conventional loan or a FHA loan and both offer programs with a low down payment option. Even with a 580 or higher credit score. The idea of the traditional 20% down payment … Read more

FHA Mortgage Rates In California

Home Green

Through various mortgage lenders the Federal Housing Administration (FHA) offers low FHA mortgage rates in California for those with less than perfect credit and/or those with loan down payments. Before the 2008 mortgage crisis FHA mortgages in California were a small percentage of the market. Currently FHA is a major player as homeowners and home buyers look for alternatives to … Read more

What Do I Need To Qualify-FHA

mortgage payment calculation

The FHA home loan program is one of the most popular loan programs in California. If you have a credit score above 620, a 3.5% down payment (which can be gifted), and a job with steady income you might qualify for a FHA loan. Some qualify with below a 620 credit score. The FHA home loan program is the loan … Read more

How Do I Refinance My FHA Mortgage

Home Owners

Refinancing your current FHA mortgage is a simple step by step process that usually can be completed in less than 30 days. As a homeowner you have several options open to you and it’s important you have a good understanding of what’s out there before you move forward. Do you currently have a FHA mortgage and are you looking to … Read more

FHA Streamline Refinance

A Brown Home

One of the great refinance programs in the mortgage industry is the FHA Streamline Refinance program. It just may be the easiest and most efficient way to refinance a mortgage. Thousands of homeowners every year decide to access the program which allows a homeowner to lower their interest rate which puts them in a better financial situation. Some homeowners save … Read more

FHA Mortgage Insurance

FHA Mortgage Insurance Premium

FHA Mortgage Insurance (MI) is an insurance policy the homeowner pays in case of default. There are two forms; the first is a one time upfront amount at the time of closing and the second is a monthly amount that is attached to your mortgage payment each month. MI is apart of every FHA home loan issued. MIP is one … Read more