FHA

FHA loans make homeownership more achievable for everyone, particularly first time buyers, because you don't need a big down payment or perfect credit.

Low Down Payment

FHA loans typically require a down payment of just 3.5% of the purchase price of the home. This is significantly lower than conventional loans, which typically range from 5% to 20%.

Credit Friendly

While FHA loans for consider credit history, they are generally more lenient than conventional loans. Even a credit score in the 500s can qualify for an FHA loan.

Flexible Loan Limits

To ensure that FHA loans remain accessible across income levels and housing markets, FHA loan limits vary by county and are based on the median home prices in each area.

Mortgage Insurance Premiums

Although FHA loans require a Mortgage Insurance Premium, this can be rolled into the loan amount. These insurances allow FHA to offer more favorable terms for lower down payments and credit scores.

Property Standards

Before an FHA loan is approved, appraisers assess the property to ensure it meets the FHA property standards to qualify for financing. These standards ensure that what you buy is structurally sound, safe, and livable.

Assumable

One of the unique FHA loan features is that they are assumable. This means that if you sell, the buyer can take over your FHA loan. This can be beneficial if interest rates have risen since you obtained your loan, as the buyer may be able to assume your lower rate loan, potentially making your home more attractive to buyers.

Property purchase made possible for more people!

Down payments, credit scores, flexible requirements...

You can build equity without the constraints of conventional financing.

Cindy Regan - Originating Branch Manager - NMLS #264375

The Lending Authority a Team of American Financial Network, Inc - NMLS #237341

Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. The Lending Authority a team of American Financial Network, Inc is not an agency of the Federal Government, and is not acting on behalf or at the direction of HUD/FHA.

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Cindy Regan - Originating Branch Manager - NMLS #264375

The Lending Authority an American Financial Network, Inc Team

NMLS #237341

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CORP NMLS# 237341. American Financial Network, Inc. is licensed by the California Department of Financial Protection and Innovation under the California Financing Law License (6038771) and holds a CA Bureau of Real Estate, Real Estate Broker's License (01317581) under Nationwide Mortgage Licensing System (NMLS), unique identifier of 237341. Broker is performing acts for which a license is required. Loans made or arranged pursuant to California Financing Law. Refer to www.nmlsconsumeraccess.org and input NMLS #237341 to see where American Financial Network, Inc. is a licensed lender. In all states, the principal licensed office of American Financial Network, Inc. is 10 Pointe Drive, Suite 330, Brea, CA 92821; Phone: (714) 831-4000 (NMLS ID#237341). This is not an offer for extension of credit or commitment to lend. All loans must satisfy company underwriting guidelines. Not all applicants qualify. Information and pricing are subject to change at any time and without notice. The content in this advertisement is for informational purposes only. Products not available in all areas. 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 (provided you have the capacity to enter into a binding contract), 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. The federal agency that administers our compliance with these federal laws is the Federal Trade Commission, Equal Credit Opportunity, Washington, DC, 20580. American Financial Network, Inc. is an Equal Housing Lender.