Now that 0% down financing is a thing of the past, more and more buyers are taking advantage of FHA financing.  With FHA financing buyers can put at little as 3.5% down. 

You may qualify for FHA financing if you;

• Are a first time home buyer
• Have not owned a home in 3 years
• Own income property and are purchasing your primary residence

The great news about FHA financing is that FICO scores are not nearly as important as they are in conventional financing.  A common misconception with FHA financing is that you will not qualify if you make too much money.  That is simply not the case.  My preffered lender told me last week that he is doing an FHA loan for a client making 400K per year. 

Please contact me at 310-383-3314 or brandi@marinadelreyhomesonline.com if you have any questions regarding FHA financing, and as always please visit www.marinadelreyhomesonline.com for instant access to THE MLS!