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Sacramento FHA Loan

Sacramento FHA Loan:

Sacramento FHA mortgage loans are issued by federally qualified lenders and insured by the U.S. Federal Housing Authority, a division of the U.S. Department of Housing and Urban Development.

FHA loans are an attractive option, especially for first-time homeowners:

Generally easier to qualify for than conventional loans.
Lower down payment requirements.
Cannot exceed statutory loan limits.

Learn more about FHA loans. (Department of Housing and Urban Development)

FHA Purchase

Minimal Down Payment and Closing Costs.
- Down payment less than 3.5% of Sales Price
- 100% Financing options available*
- Gift for down payment and closing costs allowed.
- No reserves or required.
- FHA regulated closing costs.
- Seller can credit up to 6% of sales price towards buyers costs.
Easier Credit Qualifying Guidelines such as:
- Minimum FICO credit score of 620.
- FHA will allow a home purchase two years after a Bankruptcy.

- FHA will allow a home purchase three years after a Foreclosure.

FHA Refinance

Cash-Out Refinance up to 85% for existing or new FHA mortgages.
- Cash-Out up to 85% of your properties value.
- Consolidate first and second mortgages into single loan.
- Bill consolidation programs.
- Easier credit and income qualifications.
- FHA regulated closing costs.
Rate and Term Mortgage Refinancing up to 96.5% of your homes value.
- Consolidate first and second mortgages* into a single loan.
- No FICO score ok or min. 620 credit score.
- Competitive rates for borrowers with a Bankruptcy older than two years.
- Competitive rates for borrowers with a Foreclosure older than three years.
- Easier credit and income qualifications.
- FHA regulated closing costs.
FHA Streamline Refinance for existing FHA loans only.
- No Cost Interest Rate Reductions programs.
- No Income or Credit Qualifications*.
- Zero cost refinance options available.