FHA Home Loans

We Can Help You Get the Right FHA Loan for Your Home Purchase in Santa Rosa, CA


FHA Home Loans

Providing Mortgage Placement putting YOU First as our First Priority

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.

Understanding FHA Home Loan Requirements

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.

  • FICO® credit score at or above 580 in order to get a 3.5% down payment.
  • FICO® credit score between 500 and 579 in order to get a 10% down payment.
  • MIP (Mortgage Insurance Premium)
  • Debt-to-income ratio must be less than 43%
  • Proof of income and employment
  • Only applies if the home will be the borrower’s primary residence

If you don’t have the savings to make the downpayment on an FHA loan, it can be funded by a gift or a grant for down payment assistance. Not all houses qualify for an FHA home loan. Homes that will require significant renovations typically do not meet FHA standards. Contact You First Mortgage to get more information.


Pros and Cons of FHA Loans

What are the pros of FHA home loans?

  • Low down payment
  • Available to borrowers with lower credit scores
  • Available to borrowers with higher debt-to-income ratios
  • Can be used for single and multi-family homes and condominiums

What are the cons of FHA loans?

  • Upfront mortgage insurance fee upon closing
  • Monthly mortgage insurance premiums until you pay off 20% of the home’s value

FHA home loans have pros and cons depending on your financial situation and needs. The main disadvantage is paying mortgage insurance premiums (MIPs). This coverage protects the lender in the event that you default on the loan. This is how FHA loans are able to have such flexible requirements.


Why Work with Us?

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.


You First Mortgage is a licensed mortgage broker based in Santa Rosa, CA. When you partner with us, we put your interests above all other priorities. With versatile real estate industry experience in the local market, our advisors can provide reliable guidance when it comes to choosing home financing options. We are CalHFA Certified for Government Down Payment Assistance.

Providing Mortgage Placement putting
YOU First as our First Priority
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Ashley D.
5 star rating
9/09/2019 - Yelp

Austin helped us buy our first home in under a month and we couldn't be happier as first time home... read more

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9/02/2019 - Zillow

Highly likely to recommend Austin helped make home ownership in Northern California a reality for our family. He was always on call to help... read more

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al nayeri
7/26/2019 - Zillow

Highly likely to recommend Austin is a true gentleman and a professional on top of his game. He not only knows the real estate... read more

The information contained on this website is presented for informational and marketing purposes only and is not to be understood as financial advice. You should consult with a representative from You First Mortgage for further information, the mere act of contacting You First Mortgage does not create a client relationship. As a result, you should never send any confidential information to our office until representation or client relationship has been established.

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