FHA Loans

What is an FHA Loan?

FHA loans are an attractive option, especially for first-time homeowners because it is insured by the Federal Housing Administration (FHA).  Primarily, the federal government insures loans for FHA-approved lenders in order to reduce their risk of loss if a borrower defaults on their mortgage payments.Typically the borrower can be approved with 3.5% down vs 20% that is required on other loan programs.

Advantages of an FHA Loan

Eligibility and Requirements

Mortgage Insurance Premiums

Loan Limits

How We Can Help?

Michelle Russell – American Pacific Mortgage is a mortgage lender located in Aliso Viejo California and serves clients all throughout California. We can assist you and see if a FHA loan is right for you. Please contact us for more information or click here to get started today.