Buying a home can be challenging, especially when it comes to understanding mortgage products like the Federal Housing Administration (FHA) loan. However, with more relaxed qualification criteria than other mortgage products, FHA loans can be an excellent option for those with bad credit or a small...
Before you choose what type of loan you’ll use, it's important to weigh the pros and cons. A home is a big purchase, and there’s a lot to consider. Pro: Lower qualification standards. FHA loans are often easier to get than other types of loans. If you have had issues with your...
Home loans/ Mortgage loans/ FHA loans FHA loans Explore FHA loan rates and features. FHA loans are government-backed loans that offer consistent rates, low down payment requirements and flexible qualification guidelines. Prequalify to see how much you might be able to borrow, start your applicatio...
Qualification Requirements Credit scores as low as 580 may qualify Refinance up to 97.75% of your primary home’s value Buy a home with as little as 3.5% down (primary home) Got questions? Give us a call! One of our mortgage specialists would be happy to answer all of your questions and...
FHA loans offer individuals, especially those with more meager credit histories, the opportunity to secure funding to purchase a home. Paying attention to qualification requirements and looking at more than one lender increases a person’s chances of securing an FHA loan. ...
Some of the key FHA loan qualification requirements in California include: Credit score: Griffin Funding can provide FHA loans to borrowers who have a minimum credit score of 550. . Down payment: A minimum down payment of 3.5% of the purchase price is required for FHA loans in California. ...
Minimal paperwork, no appraisal, and easy qualification. FHA 203(k) Renovation Loans: Limited Loan: Perfect for basic home improvements. Standard Loan: Comprehensive for major renovations, including structural work. Also covers mortgage payments during renovations. FHA Cash-Out Refinance Loan: Access ...
Benefits of Using an FHA Loan Easier qualification Flexible loan programs Credit scores may qualify from 580 or better Credit scores below 580 may still qualify if accompanied by compensating factors Low down payment options Down payment can come from gifted funds ...
Step 1 Pre-Qualification Talk to Us to Know Your Options U Step 2 Start a Loan Program Enjoy a Home Shopping Experience Step 3 Pre-Approval Get a Loan Approval on the Terms You Want step 4 Closing Enjoy Your Homeownership How to Apply for an FHA Loan in California? We will gladly...
FHA Loan articles and updates for first time homebuyers, homeowners looking to refinance an existing mortgage, and anyone looking to learn how to buy a home with a low down payment mortgage.