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.

FHA Loans

What Our Happy Clients Are Saying

Grand Lending Team

5.0

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David Barnes

20:06 01 Aug 23

Brian and Nichole were so great to work with and great communicators throughout the process.

Roshy Zand

14:40 06 Jul 23

When you work with Brian and Nicole are the best at what they do! why? Here are the reasons and my personal experience:1) He is always available even answering questions that are not relevant to your loan2) He is very honest and professional3) Fast Approval - My loan got approved within a few days!4) Best Rate - Brian will shop around and get you the best rate available in the market5) Honesty and integrity - When you work with Grand lending, you will receive the best service and believe you don't have to go any where else. Thank you Both

Hansol Yi

18:03 06 Jun 23

Brian and Nichole were extremely helpful through the whole loan process! As a first time homebuyer and first time through the process, it was pretty daunting and had so many questions. But Brian and Nichole were responsive to all of our questions and were always looking for the best rate for us. Would recommend Brian and Nichole to anybody looking for a home / loan!

Payton Haight

23:11 27 Jul 22

Brian and Nichole were great to work with and helped us close on our home early - even after they were given a late start (due to no fault of the Grand Lending Team). They were extremely knowledgeable and communicative through the entire process. I would highly recommend working with them!

Laura R

02:52 17 Jun 22

Brian and Nichole were truly amazing throughout the whole process. As a first time home buyer, I had a lot of questions and needed quite a bit of hand- holding throughout the process but they were both incredibly kind and patient with me. They took what felt like a complicated, overwhelming process and made it streamlined and simple. Don’t hesitate to use the Grand Lending team, you’ll be in great hands

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.

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FHA Loans in Orange County

What is the FHA Loan Program?

Benefits of an Orange County FHA Loan

Do You Qualify for an FHA Loan in Orange County?

Apply Now for an Orange County FHA Loan

FHA Loans

What Our Happy Clients Are Saying

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