first time home buyers looking for a VA, FHA mortgage loan in Downey, Los Angeles County? You may be qualified. A mortgage consultant from Powerhouse Mortgage Inc can help determine the right mortgage option for you.
Taking advantage of the FHA loan program is a great way for first-time buyers (or anyone hoping for a low down payment) to buy a home. Note that the FHA does not make home loans—similar to how VA loans are guaranteed by the Department of Veteran Affairs—the FHA simply insures them...
“You don’t have to be a first-time homebuyer to take advantage of FHA,” says Richie Helali, a HomeLight mortgage specialist. “But FHA guidelines are a little more relaxed. If somebody’s credit isn’t strong enough, they may not qualify for another loan. But there’s a chance the...
FHA loan requirement - Online mortgage company specializing in FHA loans for first time home buyers and refinance current homeowners. FHA minimum credit score to buy a house or refinance is 500.
The PERFECT HOME is waiting for you -- let us find you the perfect loan to go with it. No matter what type of loan you need, we're with you every step of the way. Let us be the stepping stone to the home of your dreams. REFINANCING is easy with our professionals' help. We mak...
USDA vs FHA loans for first-time home buyers As a first-time homebuyer, the right choice between the USDA and FHA loan will vary based on your situation. For many first-time home buyers, especially low-income families, saving up for the down payment is the biggest hurdle. After all,...
One of the most flexible loan types for both first-time and repeat home buyers, FHA loans requires just 3.5% down and have lenient credit guidelines.
Alternatively, buyers who can't qualify for an FHA loan may use another loan product, such as an FHA 203(k) loan, which allows the purchase of a home that has significant problems. FHA Minimum Property Standards When a homebuyer takes out a mortgage, the property serves ascollateralfor the...
FHA loan limits are generally calculated as a percentage of the county's median home price. For example, the 2025 limit for a single-family home in Alameda County, California, is $1,209,750, while the limit in Bullock County, Alabama, is $524,225. ...
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