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FHA-FHA Los Angeles

Real Estate Agent with Munson Realty Southern California Real Estate


FHA-3.5% Down Payment-Government backed loan



FHA loans are perfect for first time home buyers who don't have a 20% down payment saved or who need assistance with more flexible qualification requirements. FHA-approved lenders offer  FHA loans that are insured by the Federal Housing Administration (FHA). Because FHA loansare designed to help first-time home buyers, there are differences compared to traditional loans. One difference is that income and allowable debt are subject to more flexible loan qualification requirements than a traditional loan, making it easier to qualify for this type of loan. Another difference is that there's a maximum loan amount, the limit of which varies depending on where the home is located.

Tough time finding the money for a down payment?

If accumulating a down payment to buy a home is a challenge that seems insurmountable, then a a FHA loan should be something to consider. Before you decide to purchase a home, ask yourself whether you are confident you will be able to comfortably pay the monthly mortgage payment (not just principal and interest, but taxes and insurance as well). Also consider whether you will be able to budget the money you'll need for unexpected emergencies in addition to your monthly home payment. Would waiting until you can save up for a 20% down payment make better financial sense for you? Traditional home lending requirements can be stringent, so access to more flexible qualification requirements can be valuable to some home buyers. FHA loan programs can dramatically change your prospects of obtaining a home loan. But keep in mind that, while these programs can help you get into a home, they still depend on you to ensure that the monthly home payment you commit to is one that you can comfortably afford. If you qualify, you'll still want to work through the numbers with your lender to make sure you're prepared for a rewarding, successful long-term home ownership experience. Mortgage insurance and FHA loans: FHA mortgage insurance protects the lender if a borrower defaults on the FHA loan. Each FHA borrower pays a mortgage insurance premium. The premiums are collected and used by the FHA to reimburse the lender (not the borrower) should the borrower default and the lender must foreclose upon the loan/sustain a loss. This insurance enables a lender to provide loan options and benefits often not available through conventional financing. Still curious about FHA? Check out these FHA  frequently asked questions and answers.Or contact us here if you are looking for a FHA specialist or need to get qualified.

Comments (8)

Bas Panch
SCV Home Buyer - Valencia, CA

Hi Stephen,

Thanks for sharing the video and this really useful information that I think will help a lot of first time home buyers who don't have enough saved for a downpayment. It's always great to know what your options are, a lot of people don't. Keep up the good work as a top Pasadena Short Sale Agent!

Mar 30, 2012 12:03 PM
Stephanie Anson
Anson Properties - Gainesville, FL
Estates | Homes | Land | Investments

Thanks for this video stephen, your presentation looks really great, buyers having a hard to find down payment should contact you as the Pasadena Short Sale Agents expert, you can help them get a home loan that is fit to their finances. Good Job!

Mar 30, 2012 02:41 PM
Christine Pappas - REALTOR®
eXp Realty - Willoughby, OH
When You’re Ready To Move, I’m Ready To Help

Very helpful video presentation!  It’s useful to your Pasadena home buyers and to your Pasadena Homes for Sale sellers to get a better understanding of how many buyers are purchasing their Pasadena homes in today’s real estate market.

Apr 02, 2012 03:41 AM
Kim & Kristine Halverson
Sotheby's & Knipe ERA - Bend, OR
Sisters, Realtors

Hi Stephen,

Great choice of Blog and Excellent Presentation.I'm sure alot of buyers will be interested in talking to you.You're definitely the finest Pasadena Short Sale Agent.Best of Luck!


Apr 02, 2012 03:45 AM
Katerina Gasset
The Gasset Group & Get It Done For Me Virtual Services - Provo, UT
Amplify Your Real Estate & Life Dreams!

Hi Stephen,

As always your blog never fails us to be informed.Thanks for sharing the video ,definitely the new home buyers will be educated about this.You are definitely one expert pasadena short sale agent. 

Apr 17, 2012 02:18 AM
Jayne Clement
Keller Williams Realty - Los Feliz, CA
Los Angeles Short Sale Agents

Hi Stephen,

Good Idea here in making a video,it is more easier for us to understand it.Well done ,Hoping for more blogs to come and Good luck in being the best pasadena short sale agent. 

Apr 17, 2012 02:50 AM
James A. Browning
Browning Real Estate School/REO Institute - International, IT
MRE REOCertified(R) SSCertified

Thank you for sharing your blog; we need Real estate Professionals to share their comments and information regarding their markets and experiences. Thanks again from beautiful Colorado; Spring is here in the Rocky Mountains

Apr 22, 2012 01:18 AM
Petra Norris
Lakeland Real Estate Group, Inc. - Lakeland, FL
Realtor, Lakeland FL Homes for Sale

Stephen,another informative blog from you.what can I say,you really know everything a Pasadena Short Sale Agent should know.More success to you!


Apr 26, 2012 03:59 AM