FHA Loan

fhaThe Federal Housing Administration insures these loans to give people with low-to-moderate incomes the opportunity to finance a home with a low down payment.

  • Perfect for first time home buyers
  • Down payments as low as 3.5% for those who qualify

General Loan Requirements

Your Down Payment
3.5% of loan amount

Terms Available
10, 15, 20, 25, 30 years
(fixed rates and adjustable rates avail.)

Minimum Credit Score
640*
*Unless approved by FHA Choice.

Mortgage Insurance
Required

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