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FHA Loans in Orange County

What if there were a way you could put down less on a new home, enjoy easier credit qualification, and take advantage of low interest rates and other exciting benefits?

All of that is possible if you are eligible for an FHA loan in Orange County. This special program is popular among first time homebuyers, but you may be eligible even if “first time homebuyer” does not describe you.

FREE FHA Loan Rate Quote!FREE FHA Loan Rate Quote!

What is the FHA Loan Program?

The FHA loan program is offered by the Federal Housing Administration (FHA). By insuring your loan, the FHA reduces your risk profile. When your risk profile is low, that opens the doors to all kinds of benefits that you might not get from a regular conventional loan.

Benefits of an Orange County FHA Loan

If you are eligible for an FHA loan, here are some of the great advantages waiting for you:

If you don’t have perfect credit, you can still qualify for excellent rates and terms.

Your minimum required down payment is only 3.5% and it can come from a gift.

The seller might be willing to pay the closing costs. If not, they will likely be minimal.

Select a fixed or adjustable rate mortgage (ARM) based on your needs.

Apply for funding to finance home purchase, construction, improvements and more.

Do You Qualify for an FHA Loan in Orange County?

FHA loans are the favored product of first time homebuyers in Orange County. But being a first time homebuyer is not a requirement. FHA loans are even available to move-up homebuyers.

These are the requirements you’ll need to meet to obtain an FHA loan:

Credit scores can be as low as 580.
Your debt-to-income ratio can go as high as 56.9%.
FHA loan candidates need to document at least two years of steady employment to qualify (the most recent two years). Schooling counts if you go straight to work after graduating.
If you have declared bankruptcy, you may still be eligible for an FHA loan, but it must be two years or more behind you.
If you have been foreclosed on, this also will not disqualify you, but at least three years must have passed.
You need to have a clear credit alert interactive voice response system (CAIVRS) report.
You can only use an FHA loan to finance the purchase of a home which will be your primary residence. If you are in the market for a second home or investment property, an FHA loan is not a suitable option.

Because FHA loans have such flexible qualification criteria, it is always worth checking to see whether you are eligible before you apply for a loan which is not insured by the government.

For this reason, when you come in for your consultation, we will always check whether you can take advantage of the great benefits of an FHA loan.

Apply Now for an Orange County FHA Loan

If you are ready to find out whether you qualify for an FHA loan with a 3.5% down payment and competitive interest rates, please call us today at (949) 202-5332. We are excited to help you purchase your OC home with an affordable loan.

FHA Loan Rate Quote!FHA Loan Rate Quote!