San Rafael FHA mortgage broker
FHA loans have been helping people become homeowners since 1934.
Some benefits of FHA are:
- Low down payments--as low as 3.5% of the purchase price
- Low closing costs
- Easy credit qualifying
- Cosigner(s) ok
- Higher debt to income ratios allowed vs. conventional home loans
- FICO as low as 500 allowed
Buying your first home?
FHA might be just what you need. Your down payment can be as low as 3.5% of the purchase price, and most of your closing costs and fees can be included in the loan. Available on 1-4 unit properties.
Want a fixer-upper?
FHA has a loan that allows you to buy a home, fix it up, and include all the costs in one loan. Or, if you own a home that you want to re-model or repair, you can refinance what you owe and add the cost of repairs - all in one loan.
Want to make your home more energy efficient?
You can include the costs of energy improvements into an FHA Energy-Efficient Mortgage.
How about manufactured housing and mobile homes?
Yes, FHA has financing for mobile homes and factory-built housing. The unit must be on its own land and affixed via an acceptable foundation and must have been built post June 15, 1976.