Los Angeles, California FHA Lender, Los Angeles FHA Mortgage Programs, FHA Lender LA California

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Mortgage and Lending with 1st Continental Mortgage

Los Angeles, California FHA Lender, Los Angeles FHA Mortgage Programs 

FHA Home Loans for Buying a Home Refinance to an FHA Home Loan is Fast and Easy with FHAhomeLoanMortgage.com

 

The FHA mortgage program was created to help increase homeownership. FHA programs make buying a home easier and less expensive than any other type of mortgage home loan programs. Some highlights of the FHA loan program are:

  • Minimal Down Payment and Closing Costs.
  • Down payment less than 3% of Sales Price
  • 100% Financing options available
  • Gift for down payment and closing costs allowed.
  • No reserves or required.
  • FHA regulated closing costs.
  • Seller can credit up to 6% of sales price towards buyers costs.
  • Easier Credit Qualifying Guidelines such as:
  • 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
  • Easier Debt Ratio & Job Requirement Guidelines such as:
  • Higher Debt Ratio's than other home loan programs.
  • Less than two years on the job is allowed.
  • Self-Employed individuals o.k.

Fill out a Quick Application Call us with any questions in regards to FHA financing at

1-888-427-5442

 

1ST Continental Mortgage is a Los Angeles California's FHA Mortgage Lender.  We are approved by HUD to originate FHA Mortgage loans throughout Florida and beyond.

Los Angeles, California Mortgage Refinance,  Los Angeles, California FHA Mortgage Questions, Los Angeles, California FHA Secure Program Los Angeles, California Home buyer Financing,    FHA Mortgage Programs Have Many benefits for the Florida Homeowners and Florida Home buyer

•·        Low Down Payment of 3% and 100% financing options available.

•·        95% of Appraised Value Cash-Out Refinance

•·        FHA Streamline Refinance  

•·        NO Income Maximum Limits

•·        Gift Funds:  3% down payment can come from FRIEND, FAMILY MEMBER OR NON PROFIT

•·         Seller CAN PAY UP TO 6% OF YOUR CLOSING COST!

•·        Down Payment Assistance  

•·        NO Cash Reserves Required

•·        Gap in Employment OK

•·        Self Employed 1-2 Yrs OK

•·        Permanent Alien OK

•·        NO pre-payment penalty

•·        FHA Secure

For most of us, the purchase of your Los Angeles home is the largest single financial decision we will ever find ourselves making.

If you've been out shopping lenders and brokers, you're probably pretty tired of learning just how big an investment your home purchase is.

The fact is, you need good counsel, a loan program that fits your needs, a great interest rate and a Loan Specialist that will get your loan closed.

A great rate without a loan, well, is just a great rate that does you no good.

What if you don't have a down payment? As your Loan Specialist, that becomes our problem and for us, a problem is just an opportunity to create a solution!

Using our FHA Loan Program, we can use both down payment assistance and seller concessions to structure your home purchase in a way that will absolutely minimize your out of pocket expense's!

1st Continental Mortgage is one of the fastest growing Lenders in the U.S. with a huge variety of programs and options.

In addition, our Loan Specialists are exceptionally knowledgeable and will help to guide you so the process of buying your home is a smooth and enjoyable experience.

Most importantly, you can confidently trust that we will do everything possible to not only get you the best rate possible, but place you in a position where you can actually become a home owner!

Our objective is to place you in the right loan the first time so that you, as our client, won't find yourself in a loan program that really doesn't fit your needs or your financial budget.

You will receive candid counsel and an array of loan options during your purchase, with which you can you use to make your own choices about what is right for you and your family.

 

If you live in Los Angeles California and your  considering the FHA loan program, there really are a number of issues which you should take into consideration. Give an expert 1st Continental Mortgage loan professional a call today at 1-888-427-5442 to discuss your situation. There is no obligation, and your information is treated in strictest confidence!

One of the most important issues relevant to the FHA Loan is in fact credit. While credit score is no factor, your credit quality is. The fact is, you're better off having no credit history, than having recent bad credit history. Primarily, an underwriter will need to know what caused any problems you might have had in the past, to ensure you have addressed and rectified these financial matters. If more recent, within the past 12 months, then we have a much more sophisticated process for getting a pre-approval. You can check out our Credit Repair section and the FHA Guidelines section for more details.

The second issue to give consideration to is the FHA loan limits. The fact is, there are not any Jumbo or Super Jumbo mortgage programs with FHA. These programs are not designed for these types of luxury properties, so you'll want to be certain you home, or your planned purchase amount, falls within the FHA loan limits.

With a refinance or FHA purchase, yes, the FHA closing costs can sometimes be $500 to $1000.00 more per month. There is also the issue of up front MIP (FHA mortgage insurance premiums) which will add to the costs to close, but this amount is financed by the lender. Before you get to discouraged, keep in mind that PMI (private mortgage insurance) is twice as expensive in your monthly payment, and is so because you're not paying any of it up front. Further, the PMI does NOT protect you, it protects only the lender. MIP with the FHA also protects only the lender, however, with the FHA loan comes government protections for you that you will NEVER get with a conventional or bad credit loan.

When rates are going up, typically, the FHA loan rates are lower. Why? It traditionally takes 3 to 5 business days for the rates to react to the market. So, when rates are going down, naturally, you have to wait before locking an FHA loan to give them time to catch up. Otherwise, FHA loan rates are typically as low as traditional interest rates in the conventional loan market.

We've taken time to attempt to help you understand all of the real negatives associated with the FHA loan. The fact is, the FHA loan program offers home buyers and homeowner, far more than any other program today. Most importantly, the FHA loan program offers you security and piece of mind. Something you can't put a price on. Give us a call today to learn how a FHA home loan can benefit your family.

FHA Mortgage lenders, Cities and areas covered by 1ST Continental Mortgage Los Angeles: Acton, Agoura Hills, Alhambra, Altadena, Avalon, Azusa, Baldwin Park, Bell, Bell Gardens, Bellflower, Beverly Hills, Burbank, Calabasas, Canoga Park, Canyon Country, Carson, Castaic, Cerritos, Chatsworth, City Of Industry, Claremont, Compton, Covina, Culver City, Diamond Bar, Duarte, El Monte, El Segundo, Encino, Gardena, Glendora, Granada Hills, Hacienda Heights, Harbor City, Hawaiian Gardens, Hawthorne, Hermosa Beach, Huntington Park, Inglewood, La Canada Flintridge, La Crescenta, La Mirada, La Puente, La Verne, Lake Hughes, Lakewood, Lawndale, Littlerock, Llano, Lomita, Lynwood, Malibu, Manhattan Beach, Maywood, Mission Hills, Monrovia, Montebello, Monterey Park, Mount Wilson, Mt Baldy, Newhall, North Hills, North Hollywood, Northridge, Pacific Palisades, Pacoima, Palmdale, Palos Verdes Peninsula, Panorama City, Paramount, Pearblossom, Pico Rivera, Playa Del Rey, Pomona, Porter Ranch, Rancho Palos Verdes, Reseda, Rosemead, Rowland Heights, San Dimas, San Fernando, San Gabriel, San Marino, San Pedro, Santa Clarita, Santa Fe Springs, Sherman Oaks, Sierra Madre, Signal Hill, South El Monte, South Gate, South Pasadena, Stevenson Ranch, Studio City, Sun Valley, Sunland, Sylmar, Tarzana, Temple City, Toluca Lake, Topanga, Tujunga, Universal City, Valencia, Valley Village, Valyermo, Van Nuys, Verdugo City, Walnut, West Covina, West Hills, West Hollywood, Whittier, Winnetka and Woodland Hills

 

FHA Secured Loan Program

Refinance High Risk, High Payment, ARM Loans

1st Continental Mortgage is pleased to participate in the FHA secured loan program, designed to assist homeowners with ARM loans, to Refinance into a secure fixed rate FHA loan. In August of 2007, FHA introduced the secured loan program to facilitate a borrowers ability to refinance out of an adjustable rate mortgage program who's interest rate reset, or will reset, between June of 2005 up through December of 2009.

Answers to FHA Mortgage Questions

Whether Refinancing or Buying, We
Deliver Good Answers to Great Questions!



I need a mortgage. Why should I do business with you?
What is a Home Loan?
What is a Mortgage?
What is Refinancing?
What is FHA?
What is HUD?
What is Sub Prime?
What is a Lender? Do I need a Lender?
What is a Broker? Should I use a Mortgage Broker?
What is a Mortgage Originator?
What is a Mortgage Loan Processor?
What is a Mortgage Underwriter?
What is a Pre-Approval Letter?
What is a Mortgage Commitment?
What do I need to apply for a mortgage?
What is the difference between a fixed and adjustable rate mortgage?
Can I buy a house using a FHA Loan?
How much mortgage do I qualify for using an FHA Loan?
Does the FHA loan impact how much house I can qualify to buy?
How do I qualify for a home mortgage using the FHA program?
What is the difference between a regular mortgage and a FHA Loan?
Do you have to improve your credit score to get a better rate with FHA?
What is the importance of credit when you apply for an FHA Loan?
I heard the FHA loan is only for 1st time buyers, is that true?
My mortgage company says I should not consider the FHA program. Why should I listen to you and not them?
I want to improve my mortgage term. Can I refinance my FHA loan now?
How soon can I refinance to a new home loan?
How often can I refinance my home?
How can I refinance my home when I have credit problems?
Where can I refinance my home if I'm late on my mortgage?

 

 

 

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
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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

 

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