FHA loans allowpeople to qualify under the flexible credit guidelines, and offer low fixed rates and security of a government-insured loan. Click here to find out if an FHA loan is right for you!
Refinancing with an FHA loan
- You can refinance up to 97.75% of your home’s value. Or make a smart financial move and get cash from your home to consolidate your high-interest debt to a low, fixed rate - FHA cash-out refinance loans allow you to take out up to 85% of your home’s value.
- If you are currently in an FHA loan, you could get a lower rate with FHA Streamline refinance. FHA Streamline offers a limited documentation option that could avoid an appraisal and has flexible credit requirements. If you’re in an FHA loan, click here to find out if you qualify for an FHA Streamline refinance loan.
- Our mortgage application and processing uses exclusive technology that cuts the headaches out of getting an FHA loan. We even offer online document signing!
Buying a home with an FHA loan
- Your down payment can be as low as 3.5% of the price of the home.
- FHA also allows seller concessions up to 6% of your home purchase price.
- First-time home buyers can get a tax credit up to $8,000! “First-time home buyers” includes anyone who hasn’t owned a home in the past three years.
- Need a lower payment? Ask a mortgage banker about FHA Rate Break - a 1-year 1% reduction in your interest rate! Instead of taking an ARM, choose FHA Rate Break and enjoy a low payment AND a fixed rate.
Congress has raised the loan limits for FHA loans across the country! For example, in San Francisco, the FHA loan limit went from $362,790 to $625,500. Higher loan limits mean lower rates for more people! Get in touch with us today to find out the current FHA loan limit in your county. Don’t wait until it’s too late!