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.
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.
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.
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:
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.
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.
Grand Avenue Realty & Lending is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.