FHA 203(k) Loan

203kThe Federal Housing Administration insures these loans to give people with less-than-perfect credit the opportunity to finance a home with a low down payment.

  • Low credit score requirements.
  • Compensating factors are considered to qualify for this loan.

General Loan Requirements

Your Down Payment    
3.5%

Terms Available
30
(fixed rates only)

Minimum Credit Score
500

Mortgage Insurance
Yes

Maximum Loan Limit
SLO County $687,500
Monterey County $729,750
Santa Barbara County $729,750