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FHA LENDER LOS ANGELES California, FHA mortgage program was created to help Increase homeownership.

By Eric boyle

Mortgage and Lending with 1st Continental Mortgage

May 19, 2008 11:06 PM

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

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

Welcome to the 1st Continental Mortgage FHA home loan program options. We're very excited that you've elected to give consideration to the very real and many benefits the FHA home loan has to offer the average homeowner and home buyer.

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!

The fact is, there are a wide range for FHA home loans available to qualified applicants. The real truth is, these programs do not consider your credit score. Many people find this very difficult to believe, but it is in fact dictated by the Government that credit scores cannot be considered during underwriting, Only credit quality. This gives consumers who might not otherwise have an opportunity at a low fixed interest rate mortgage, ample opportunity to succeed and it is one of the biggest benefits that many FHA home loans offer to people just like you.

The FHA home loan programs vary, and to learn more, simply select the FHA loan product type that interest you from the main navigation menu, or use the links in our brief overview below:

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 home loan 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.

As you can see, our program diversity is uniquely ours. We serve a broad range of clients across the country and it goes without saying; Whether you have outstanding credit, or credit challenges, the FHA home loan programs offer homeowners and home buyers alike, unmatched benefits with exceptionally competitive rates. Give us call today!

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

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 1^ST 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?

Comments(3)

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Ted Mackel

Keller Williams Realty Simi Valley - Simi Valley, CA

Simi Valley Real Estate Agent

Welcome to Activerain. Congratulations on your first post. That is a great way to start. Make sure to get around and check out other blogs so you can cut the learning curve!

May 20, 2008 12:45 AM

Kelly Winch

Cascades Sotheby's International Realty - Sunriver, OR

Broker, CDPE

Welcome to Active rain - watch out it can be very addicting. Congrats on the 1st post.

May 20, 2008 02:22 AM

Stefan Geyer

SOA Realty - Aurora, CO

I was just notifed today the FHA will no longer allow seller down payment assistance, is this accurate?

May 20, 2008 01:28 PM

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Eric boyle

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