FHA Mortgage Loans
FHA Loans in San Diego
Federal Housing Administration (FHA) loans are government-insured mortgages designed for lower income borrowers to provide more – and better – housing opportunities. FHA mortgage loans have more flexible qualifying requirements than many other types of home loan.
FHA Loans 101
Is an FHA Loan Right for Me?
If you have a low credit score or a small deposit, an FHA loan might be right for you. The qualifying requirements for this type of loan are less strict.
Benefits of an FHA Loan
Own A Home
If you’re stuck renting and can’t afford a large deposit, an FHA loan could get you into your own home.
Low Down Payment
You only need a deposit of 3.5% to qualify for an FHA loan. By contrast, some programs require 20%.
Get Past Poor Credit
It’s possible to get an FHA loan with a credit score as low as 500 (with a 10% deposit). See your options.
Relaxed Qualification
All requirements for an FHA loan are more relaxed than other loan programs – including your debt-to-income ratio.
FHA Mortgage Loan Eligibility Requirements
- Credit score above 500
- Small down payment of just 3.5%
- Consistent and documentable income
- Primary residence must be home purchased
FHA Loan FAQs
What Our Clients Say
Craig was instrumental in me and my wife buying our first home together. He was able to get us a great rate, even with my low [credit] score, and we were able to move into our new home. We are very pleased with the service and professionalism Craig provided us and will continue to work with him for all of our housing finances in the future.
Begin Your Home Loan Journey Today
Ready to get started? Get a quick quote or contact Craig to ask questions and discuss your options.
