FHA Home Mortgage Refinance & Purchase

Our philosophy is simple, to get your mortgage files submitted and funded fast. We always keep our clients in the loop. No delays or excuses. Lets work together

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FHA Mortgage Loans

FHA are available to homeowners who had issues with their credit score or with their loan to value. FHA loans are temporary to buy time to fix low credit score or other issues and to eventually refinance to a new Conventional loan. FHA require 3.5% down payment on the purchase of a home.

FHA Requirements :
  • 2 years Employment.
  • 640 Credit Scores or above
  • 2 years since last Bankruptcy.
  • 3 years since last foreclosure.

If your rate drops .25% or below after 60 days of financing, we will refinance at no cost.

Home Affordable Refinance Program (HARP) is an FHA program

HARP was establish under the Obama HUD program to assist those who are Underwater with their mortgage. Example, if you owe $400,000 and the estimated home value is $300,000, then you are underwater. The program allows homeowners to take advantage of same rate as conventional loans. HARP offers homeowners fix rates with same lenders as conventional loans, and current prevailing rates like A Paper loans.
HARP Requirements:
  • Current on your Mortgage
  • 2 years of employment
  • 640 Credit Scores or above
  • No foreclosures for 2 years
  • No bankruptcy for 3 years

FHA is a tool to help people purchase or refinance a home at low rates, establish a credit rating or acceptable loan to value, that can convert into Conventional Loans in the near future not longer than 6 months. There is an opportunity to get in the market, own or refinance a home, while rates are at all time low, and property values are hedging up.

Call Now (949) 903-0555