It's easy to understand why many people looking for a new home are turning to FHA insured loan programs. Because FHA Loans are insured by the Federal Housing Administration homebuyers have an easier time qualifying for a mortgage. Those who typically benefit most by an FHA loan are first-time home buyers and those who have less than perfect credit.
The links to the right are articles aimed at helping you better understand FHA loans. With this information you can make a more informed decision on whether these government insured loans are right for you and your family.
New Changes in FHA Loans
99% Financing- Pacific Residential Mortgage is proud to offer the CalHFA loan programs that allows for a 96.5% first mortgage along with a 2.5% second mortgage The seller can contribute up to 6% towards the closing costs and this enables the buyer that to come in with as little 1% total out of pocket expense. This program is for first time buyers only and has a maximum loan amount of $417,000. This loan program also typically offers below market interest rates. Please call now for more information.
580 FICO -Pacific Residential Mortgage is one of a select group of mortgage brokers that can offer FHA financing with credit scores as low as 580. So if you have been turned down due to your credit score we may be able to help.
As FHA Loan specialists we can help you understand any new changes to the FHA loan program. We're here to create a customized solution that works best for you and your family. To learn more call us at 949-363-1018 or contact us via email by clicking here.
Pacific Residential Mortgage Corp 522 N Cleveland St
Oceanside, California 92054 NMLS #232940
Licensed by the CA Dept of Real Estate, license #01309738. License information # (877) 373-4542
