This loan from the Federal Housing Administration has a lower threshold for credit qualifying criteria than most conventional loans. It allows individuals who have limited funds for a down payment or have had a recent bankruptcy or foreclosure, to qualify for a home loan and contribute as little as a 3.5% toward the down payment on a primary residence. FHA can be used for one to four unit properties, and you do not need to be a first-time homebuyer. FHA also offers financing for homes that need rehabilitation funds. There are certain situations whereby you can qualify for more than one FHA loan simultaneously, ask us how! Available for purchase or refinance.
As little as 3.5% Down Payment
Recent Bankruptcy or Foreclosure is OK
1-4 unit properties including condominiums and PUDs
203K Renovation loans
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NMLS #1377835 | CA Department of Real Estate - Real Estate Broker - DRE #01979670