California FHA Lender, Purchase or Refinance California Advantages to FHA Loans
Minimal Down Payment and Closing Costs up to $ 729,750 for 2008 Only
· Down payment less than 3% of Sales Price and 100% financing options available
· Gift for down payment and closing costs are allowed up to 6% of Sales price.
· No reserves or savings required.
· Easy Credit Qualifying Guidelines
· No minimum FICO score or credit score requirements.
· FHA will allow a home purchase 2 years after a Bankruptcy.
· FHA will allow a home purchase 3 years after a Foreclosure.
Apply for FHA HOME LOAN TODAY!! at http://www.fhamortgagefhaloan.com
How can FHA Benefit the California Homebuyer?
- Low Down Payments
- Low Closing Costs
- Easy Credit Qualifying
What kind of programs does FHA have to offer me?
•· California First Time Homebuyers: can have a down payment for as little as 3% of the purchase price, with closing costs included as part of the loan.
•· California Home Renovation: buy a home, re-model or renovate, and include the costs in the loan. Or renovate or repair a home you own, by refinancing your current mortgage to include of repairs in the loan.
•· California FHA Energy-Efficient Loan: energy improvements into the mortgage.
•· California FHA Secure: a refinancing option for those with Adjustable Rates
http://www.fhahomeloanmortgage.com/
California Mobile home loans
MUST BE ON PERMANENT FOUNDATION AND OWN LAND
Minimal Down Payment and Closing Costs.
· Down payment less than 3% of Sales Price and 100% Financing options available
· Gift for down payment and closing costs are allowed up to 6% of Sales price.
· No reserves or savings required.
· Easy Credit Qualifying Guidelines
· No minimum FICO score or credit score requirements.
· FHA will allow a home purchase 2 years after a Bankruptcy.
· FHA will allow a home purchase 3 years after a Foreclosure.
http://www.fhahomeloanmortgage.com/also known as 1st Continental Mortgage New Mexico Mortgage company is dedicated to spreading the word about the benefits of the FHA mortgage programs available to first time homebuyers. With the sub prime market in turmoil and many lenders tightening up guidelines many mortgage companies are going back to the basics. Not only is the FHA mortgage easy to qualify for but there are many advantages to the program that the average American in unaware of.
FHA mortgages are less expensive and easier for the first time homebuyer to qualify for. The program was created to help to increase homeownership in the United States. FHA program makes buying a home easier and less expensive than other types of real estate mortgage Programs. Some examples include,
Federal Housing Administration is a government program overseen by Housing and Urban Development (HUD) to help low to moderate income to help Americans to obtain FHA mortgage loan on a 1-4 unit home.
Income Requirements for an FHA Mortgage Loan:
There is no minimum income requirement to obtain an FHA mortgage Insurance, however, FHA would like to see steady income for at least 2 years, and demonstrate a consistently payment history.
Debt-to-Income Ratio:
The FHA allows you to use 31% of your gross monthly income towards housing costs and 43% towards housing expenses reflected on your credit report. With a conventional loan the debt to income rations allows only 28% toward housing and 36% towards housing expenses and other debt. These requirements are not etched in stone and buyers can exceed these ratios if, you have a large down payment, have substantial cash reserves and other means to satisfy the mortgage payments.
Down Payment:
In order to qualify for an FHA mortgage you must have a down payment of at least 3% of the purchase price of the home. These funds can come from a friend, family member or a non profit.
| MSA Name | MSA Code | Division | County Name | County Code |
State | One-Family | Two-Family | Three-Family | Four-Family | Last Revised |
| OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION | 41860 | 36084 | ALAMEDA | 001 | CA | $729,750 | $934,200 | $1,129,250 | $1,403,400 | 03/05/2008 |
| NON-METRO | 99999 | ALPINE | 003 | CA | $547,500 | $700,900 | $847,200 | $1,052,900 | 03/05/2008 | |
| NON-METRO | 99999 | AMADOR | 005 | CA | $443,750 | $568,050 | $686,650 | $853,350 | 03/05/2008 | |
| CHICO, CA (MSA) | 17020 | BUTTE | 007 | CA | $400,000 | $512,050 | $618,950 | $769,250 | 03/05/2008 | |
| NON-METRO | 99999 | CALAVERAS | 009 | CA | $462,500 | $592,050 | $715,700 | $889,450 | 03/05/2008 | |
| NON-METRO | 99999 | COLUSA | 011 | CA | $397,500 | $508,850 | $615,100 | $764,400 | 03/05/2008 | |
| OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION | 41860 | 36084 | CONTRA COSTA | 013 | CA | $729,750 | $934,200 | $1,129,250 | $1,403,400 | 03/05/2008 |
| CRESCENT CITY, CA (MICRO) | 18860 | DEL NORTE | 015 | CA | $311,250 | $398,450 | $481,650 | $598,550 | 03/05/2008 | |
| SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA (MSA) | 40900 | EL DORADO | 017 | CA | $580,000 | $742,500 | $897,500 | $1,115,400 | 03/05/2008 | |
| FRESNO, CA (MSA) | 23420 | FRESNO | 019 | CA | $381,250 | $488,050 | $589,950 | $733,150 | 03/05/2008 | |
| NON-METRO | 99999 | GLENN | 021 | CA | $287,500 | $368,050 | $444,900 | $552,900 | 03/05/2008 | |
| EUREKA-ARCATA-FORTUNA, CA (MICRO) | 21700 | HUMBOLDT | 023 | CA | $393,750 | $504,050 | $609,300 | $757,200 | 03/05/2008 | |
| EL CENTRO, CA (MSA) | 20940 | IMPERIAL | 025 | CA | $325,000 | $416,050 | $502,900 | $625,000 | 03/05/2008 | |
| BISHOP, CA (MICRO) | 13860 | INYO | 027 | CA | $437,500 | $560,050 | $677,000 | $841,350 | 03/05/2008 | |
| BAKERSFIELD, CA (MSA) | 12540 | KERN | 029 | CA | $368,750 | $472,050 | $570,600 | $709,150 | 03/05/2008 | |
| HANFORD-CORCORAN, CA (MSA) | 25260 | KINGS | 031 | CA | $325,000 | $416,050 | $502,900 | $625,000 | 03/05/2008 | |
| CLEARLAKE, CA (MICRO) | 17340 | LAKE | 033 | CA | $401,250 | $513,650 | $620,900 | $771,650 | 03/05/2008 | |
| SUSANVILLE, CA (MICRO) | 45000 | LASSEN | 035 | CA | $285,000 | $364,850 | $441,000 | $548,050 | 03/05/2008 | |
| LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN D | 31100 | 31084 | LOS ANGELES | 037 | CA | $729,750 | $934,200 | $1,129,250 | $1,403,400 | 03/05/2008 |
| MADERA, CA (MSA) | 31460 | MADERA | 039 | CA | $425,000 | $544,050 | $657,650 | $817,300 | 03/05/2008 | |
| SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLI | 41860 | 41884 | MARIN | 041 | CA | $729,750 | $934,200 | $1,129,250 | $1,403,400 | 03/05/2008 |
| NON-METRO | 99999 | MARIPOSA | 043 | CA | $412,500 | $528,050 | $638,300 | $793,250 | 03/05/2008 | |
| UKIAH, CA (MICRO) | 46380 | MENDOCINO | 045 | CA | $512,500 | $656,100 | $793,050 | $985,600 | 03/05/2008 | |
| MERCED, CA (MSA) | 32900 | MERCED | 047 | CA | $472,500 | $604,900 | $731,150 | $908,650 | 03/05/2008 | |
| NON-METRO | 99999 | MODOC | 049 | CA | $271,050 | $347,000 | $419,400 | $521,250 | 03/05/2008 | |
| NON-METRO | 99999 | MONO | 051 | CA | $462,500 | $592,050 | $715,700 | $889,450 | 03/05/2008 | |
| SALINAS, CA (MSA) | 41500 | MONTEREY | 053 | CA | $729,750 | $934,200 | $1,129,250 | $1,403,400 | 03/05/2008 | |
| NAPA, CA (MSA) | 34900 | NAPA | 055 | CA | $729,750 | $934,200 | $1,129,250 | $1,403,400 | 03/05/2008 | |
| TRUCKEE-GRASS VALLEY, CA (MICRO) | 46020 | NEVADA | 057 | CA | $562,500 | $720,100 | $870,450 | $1,081,750 | 03/05/2008 | |
| SANTA ANA-ANAHEIM-IRVINE, CA METROPOLITAN DIVISION | 31100 | 42044 | ORANGE | 059 | CA | $729,750 | $934,200 | $1,129,250 | $1,403,400 | 03/05/2008 |
| SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA (MSA) | 40900 | PLACER | 061 | CA | $580,000 | $742,500 | $897,500 | $1,115,400 | 03/05/2008 | |
| NON-METRO | 99999 | PLUMAS | 063 | CA | $410,000 | $524,850 | $634,450 | $788,450 | 03/05/2008 | |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (MSA) | 40140 | RIVERSIDE | 065 | CA | $500,000 | $640,100 | $773,700 | $961,550 | 03/05/2008 | |
| SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA (MSA) | 40900 | SACRAMENTO | 067 | CA | $580,000 | $742,500 | $897,500 | $1,115,400 | 03/05/2008 | |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (MSA) | 41940 | SAN BENITO | 069 | CA | $729,750 | $934,200 | $1,129,250 | $1,403,400 | 03/05/2008 | |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (MSA) | 40140 | SAN BERNARDINO | 071 | CA | $500,000 | $640,100 | $773,700 | $961,550 | 03/05/2008 | |
| SAN DIEGO-CARLSBAD-SAN MARCOS, CA (MSA) | 41740 | SAN DIEGO | 073 | CA | $697,500 | $892,950 | $1,079,350 | $1,341,350 | 03/05/2008 | |
| SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLI | 41860 | 41884 | SAN FRANCISCO | 075 | CA | $729,750 | $934,200 | $1,129,250 | $1,403,400 | 03/05/2008 |
| STOCKTON, CA (MSA) | 44700 | SAN JOAQUIN | 077 | CA | $488,750 | $625,700 | $756,300 | $939,900 | 03/05/2008 | |
| SAN LUIS OBISPO-PASO ROBLES, CA (MSA) | 42020 | SAN LUIS OBISPO | 079 | CA | $687,500 | $880,100 | $1,063,850 | $1,322,150 | 03/05/2008 | |
| SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLI | 41860 | 41884 | SAN MATEO | 081 | CA | $729,750 | $934,200 | $1,129,250 | $1,403,400 | 03/05/2008 |
| SANTA BARBARA-SANTA MARIA, CA (MSA) | 42060 | SANTA BARBARA | 083 | CA | $729,750 | $934,200 | $1,129,250 | $1,403,400 | 03/05/2008 | |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (MSA) | 41940 | SANTA CLARA | 085 | CA | $729,750 | $934,200 | $1,129,250 | $1,403,400 | 03/05/2008 | |
| SANTA CRUZ-WATSONVILLE, CA (MSA) | 42100 | SANTA CRUZ | 087 | CA | $729,750 | $934,200 | $1,129,250 | $1,403,400 | 03/05/2008 | |
| REDDING, CA (MSA) | 39820 | SHASTA | 089 | CA | $423,750 | $542,450 | $655,700 | $814,900 | 03/05/2008 | |
| NON-METRO | 99999 | SIERRA | 091 | CA | $285,000 | $364,850 | $441,000 | $548,050 | 03/05/2008 | |
| NON-METRO | 99999 | SISKIYOU | 093 | CA | $293,750 | $376,050 | $454,550 | $564,900 | 03/05/2008 | |
| VALLEJO-FAIRFIELD, CA (MSA) | 46700 | SOLANO | 095 | CA | $557,500 | $713,700 | $862,700 | $1,072,150 | 03/05/2008 | |
| SANTA ROSA-PETALUMA, CA (MSA) | 42220 | SONOMA | 097 | CA | $662,500 | $848,100 | $1,025,200 | $1,274,050 | 03/05/2008 | |
| MODESTO, CA (MSA) | 33700 | STANISLAUS | 099 | CA | $423,750 | $542,450 | $655,700 | $814,900 | 03/05/2008 |
Proudly Serving These Communities:
Anaheim | Arcadia | Arcata | Bakersfield | Berkeley | Bishop | Carlsbad | Carpinteria
Cedar Ridge | Chico | Clearlake | Corcoran | Costa Mesa | Crescent City North | Daly City | Danville | Downey | El Cajon | El Centro | Escondido | Eureka | Fairfield
Fortuna | Fremont | Fresno | Glendale | Grass Valley | Hanford | Hayward | Huntington Beach
Irvine | La Jolla | Laguna Hills | Lodi | Long Beach | Los Angeles | Madera
Marina Del Rey | Merced | Mission Viejo | Modesto
Napa | Newport Beach | Oakland | Ontario | Oxnard | Palm Desert
Palm Springs | Palo Alto | Pasadena | Paso Robles | Petaluma
Pleasant Hill | Pleasanton | Porterville | Rancho Santa Margarita | Red Bluff
Redding | Redondo Beach | Redwood City | Riverside | Roseville | Sacramento | Salinas
San Bernardino | San Diego | San Francisco | San Jose
San Luis Obispo | San Marcos | San Mateo | San Rafael | Santa Ana | Santa Barbara
Santa Clara | Santa Cruz | Santa Maria | Santa Monica | Santa Rosa
South Lake Tahoe | Stockton | Sunnyvale | Thousand Oaks | Torrance | Truckee | Ukiah
Vacaville | Vallejo | Ventura | Visalia | Walnut Creek | Watsonville | Yuba City Proudly Serving These Counties:
Contra Costa | Marin | Mendocino | Monterey | Orange | Placer | San Bernardino | Sonoma
Alameda | Alpine | Amador | Butte | Calaveras | Colusa | Del Norte | El Dorado | Fresno
Glenn | Humboldt | Imperial | Inyo | Kern | Kings | Lake | Lassen | Los Angeles | Madera
Mariposa | Merced | Modoc | Mono | Napa | Nevada | Plumas | Riverside | Sacramento
San Benito | San Diego | San Francisco | San Joaquin | San Luis Obispo | San Mateo
Santa Barbara | Santa Clara | Santa Cruz | Shasta | Sierra | Siskiyou | Solano
Stanislaus | Sutter | Tehama | Trinity | Tulare | Tuolumne | Ventura | Yolo | Yuba
Other FHA Links listed below
FHA CONNECTION
Https://entp.hud.gov/clas/
FHA CONNECTION may be accessed by password only by registered lenders
FHA Frequently Asked Question
1st Continental Mortgage
http://www.fhamortgageprograms.com/faq/fha.shtml
FHA Frequently Asked Questions for Homebuyers
http://www.fhamortgageprograms.com/florida/
GOLDEN FEATHER REALTY
Http://www.goldenfeather.com/
The contact to bid on HUD-acquired properties.
HUD SANTA ANA
http://www.hud.gov/local/sna/index.html
HUD's SANTA ANA HOMEOWNERSHIP CENTER
http://www.fhamortgageprograms.com/mortgage/fha-loan-program.shtml
HUD REFERENCE GUIDE (4155)
http://www.hud.gov/hoc/sna/snapintr.htmll
SANTA ANA HOC REFERENCE GUIDE
FHA underwriting guidelines
http://www.fhamortgagefhaloan.com/
HUD HOME PAGE
Http://www.hud.gov/
United States Department of Housing and Urban Development (HUD) Home Page.
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HUD LENDERS & SERVICERS Http://www.hud.gov/lenders1.html |
http://www.fhamortgagefhaloan.com/
HUD INFORMATION
Http://www.hud.gov/mortprog.html
FEDERAL MORTGAGE PROGRAM INFO: approved condos, loan limits, counseling centers, etc.
http://www.fhamortgagefhaloan.com/
HOME BUYERS INFORMATION
Http://www.hud.gov/mortconv.html
Mortgage calculators, wish list, FHA programs, shopping for a home, building, rehab, ARM Handbook
http://www.fhamortgagefhaloan.com/
FHA ON MOBILE HOMES
http://www.hud.gov/offices/hsg/sfh/title/repair.cfm
FHA on Mobile Home Information
http://www.fhamortgageprograms.com/mortgage/fha-loan-limits.shtml
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