California FHA Lender, Purchase or Refinance California Advantages to FHA Loans

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Mortgage and Lending with 1st Continental Mortgage

California FHA Lender, Purchase or Refinance California Advantages to FHA Loans

Now California home buyers can take advantage of the fact that California FHA loans are available for them to purchase a new home anywhere in the state as well as refinance their existing home.

California FHA Loan FHA Loans, California   FHA Mortgages California FHA Mortgage Lender offers LOW RATES

Did you know, the FHA home loan provides more security to homeowners than ANY other mortgage program today? In cases of financial difficulty, you have a higher probability of NOT losing your home if you have an FHA home loan Vs. having a conventional or Sub-Prime mortgage loan. Plus, all FHA home loans are FULLY assumable, adding one more layer of protection for you and your family!

We Provide FHA Home Loans in California. Fill out a quick Mortgage application and an FHA Mortgage rep will contact you Quck Mortgage Application

California FHA home loans are easy 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 of Advantages that FHA offers are as follows

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

 

 



 

Using the FHA home loan to purchase a home is really no different that a conventional loan. There are some additional documentation requirements, but these are actually blown out of proportion to discourage the loss of business by those Lenders who can't actually originate the FHA program and want to push you into a conventional mortgage loan program or Sub-Prime bad credit mortgage.

Refinancing an existing FHA Mortgage is actually called a streamline refinance. However, streamline only applies to properties in which you are refinancing your home for rate and term improvement only. If taking cash out, our refinancing with an FHA home loan you will have to go through traditional qualifying processes.

Amazingly enough, you can finance mobile home and land with the FHA home loan program. In some instances, you can get up to 97% loan-to-value and much, much, much lower rates than you will get through any other loan program available today!

The reverse mortgage program is designed for Seniors who are wanting either to cash-out their equity in their home, or create a monthly income stream to supplement their income. In both cases, you make NO monthly payments and it's back by the Federal Government!

The FHA 203K Mortgage program is perfect for that "Fixer Upper" house you want to buy. The one that's perfect for you, in the perfect location, but just needs some renovation!

For those can't qualify for the traditional FHA underwriting standards, 1st Continental Mortgage offers our Exclusive FHA Credit Flex program. This program was developed to help qualified applicants in qualified communities to buy today. If your credit has been recently beat up, this FHA home loan program could be the perfect alternative to those high risk, high default rate sub prime loans.

 

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

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Rainmaker
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Peg Gilliland
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I see that you are new to Active Rain and I just wanted to welcome you. I hope that you enjoy it as much as I do and that you find it a great resource.

May 22, 2008 07:32 AM #1
Rainmaker
114,574
Peg Gilliland
Charlottesville Solutions - Charlottesville, VA
Broker, GRI, CDPE

I see that you are new to Active Rain and I just wanted to welcome you. I hope that you enjoy it as much as I do and that you find it a great resource.

May 22, 2008 07:32 AM #2
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