Are you looking to purchase your first home? The idea of making a large down payment sounds out of reach to many low-to-moderate-income individuals and families. That's why FHA home loans were created. The Federal Housing Administration (FHA) insures mortgages issued by approved lenders such as banks. They require lower down payments than many conventional loans. FHA home loan requirements also allow borrowers with lower credit scores and higher debt-to-income ratios. You First Mortgage is a licensed mortgage brokerage firm that can help you shop FHA loans in the Santa Rosa, CA area. Our qualified professionals can assess the pros and cons of using an FHA loan in your unique situation.
We know how much you want to turn the key and open the door to your new home. We take the work out of finding financing options, making the process easy and convenient for you. Get pre-approved and get a variety of mortgage options from our network of lenders. We have access to and knowledge of many home loans. If an FHA home loan is right for your situation, we'll help you get one that works for you. Call (707) 919-3103 or fill out our online contact form to get in touch with us. We're looking forward to meeting you and helping you secure your first home.
As of 2019, an FHA loan can cover up to 96.5% of the home's value with a 3.5% down payment. The requirements are designed to help lower-income borrowers become homeowners. Do you meet the FHA home loan requirements? Contact You First Mortgage to find out if you qualify and get pre-approved.
What are the pros of FHA home loans?
The FHA does not issue FHA home loans. They approve and insure lenders to issue these loans for lower-income borrowers. You First Mortgage is an FHA brokerage that assists clients in the Santa Rosa, CA area. We have established relationships with a large network of FHA-approved lenders. You may save time, get more options, and save money on fees by working with a broker like You First Mortgage rather than going straight to lenders yourself. Our experience and resources allow us to assist you throughout your home buying process.