FHA

97% Financing - 3% Minimum Down Payment (This amount may be reduced to a $0 down payment if you qualify for grants or community assistance programs. Please speak to one of our associates for more information. Many borrowers are unaware they qualify for the $0 down.)

FHA mortgages give new home buyers the opportunity to afford a home. Less than perfect credit is okay!

Examples of what you need to get an FHA loan:
(more detailed information to the right)

For a loan amount of $250,000, your monthly payment will be $1873. (Calculation is based on 3%down, 0.5% pmi and 1.1 tax base. Fully amortized. 6% interest rate on 30 year fixed. 6.31% APR.) This is only an estimate. To qualify, a gross monthly income of $3700. (individual, husband & wife or partners)

For a loan amount of $350,000, your monthly payment will be$2623. (Calculation is based on 3%down, 0.5% pmi and 1.1 tax base. Fully amortized. 6% interest rate on 30 year fixed. 6.25% APR.) This is only an estimate. To qualify, a gross monthly income of $5200. (individual, husband & wife or partners)

For other loan amounts and mortgage calculator, click here.

Please feel free to contact us at anytime with any questions you may have. We are here to help with first time home purchases, loan product selection and full real estate services.

(888) 688-0883
Email: info@rsbrealestate.com

FEDERAL HOUSING AUTHORITY LOANS

FHA - Federal Housing Authority

Loans are financed by HUD approved government lender, IGS. The FHA does not issue loans. The FHA is a government agency that insures private loans to help borrower get the amount they qualify for and reduces risk to private lenders.

The official website for the FHA is http://www.hud.gov

LEARN MORE ABOUT FHA - California (HUD.GOV)

FHA Lending Limits for California -

Maximum insured loan amounts set by the FHA are determined by county.

Example:

ORANGE COUNTY - Single Family Residence $729,750 / Duplex $934,200 / Tri-plex $1,129,250 / Four-plex $1,403,400

For the complete listing of California Counties, please click here.

FHA Loan Qualification Check List

Start here to find out if you have what it takes to pre-qualify. Feel free to contact us at anytime with your questions.

CHECKLIST & Pre-Qualification Examples

PROTECTING YOURSELF FROM FRAUD

RSB & Associates recommends you visit the FHA loan fraud page for more information.