Mission Viejo FHA Loans

It's easy to understand why many people looking for a new home in California 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.

 

Key FHA Loan Benefits for homes in Mission Viejo, Lake Forrest, Irvine, or anywhere throughout California:

• Lower credit score requirements. LamCap Partners can get borrowers qualified for an FHA loan with scores down to 580. Sometimes we can get approvals with even lower FICO scores.
• FHA loans have low monthly mortgage insurance even with very low down payments.
• The federal government caps closing costs to keep them affordable.
• You can qualify more quickly with an FHA loan post-bankruptcy or foreclosure than the majority or other mortgage types.
• With FHA loans in Mission Viejo, Lake Forrest, Irvine, or anywhere throughout California requiring only a 3.5 percent down payment of the purchase price, we can get many people into affordable loans that wouldn't qualify otherwise.
• FHA loans are often a great option for first-time homebuyers.

New Changes in FHA Loans in Mission Viejo, Orange County, and throughout California:

In response to the growing housing situation in the United States, the loan limits for FHA Loans have been temporarily raised. Depending on where you live you might find it even easier to qualify for an FHA loan.

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 888-472-3330 or contact us via email by clicking here.

These materials are not from HUD or FHA and were not approved by HUD or a government agency.