FHA Loans

An FHA Loan is a mortgage loan insured by the Federal Housing Administration (FHA). The FHA does not provide the loan; rather, it insures the loan for the lender.

The FHA was formed in 1934, and joined the Department of Housing and Urban Development in 1965. The organization has insured more than 33 million home mortgages since its inception. Today it continues to help all families move into their dream homes, by making it easier to obtain mortgages.

Features of an FHA Loan:

• Only 3.50% down payment for primary residence
• No first-time home buyer requirements
• Room for lower FICO score
• Non-occupant co-signers allowed
• Gift funds allowed for down payment and/or closing costs

Important information: Annual and Up-front mortgage insurance premiums are required. Maximum loan amounts vary by property location. Up front mortgage insurance is no longer able to be dropped, unless you refinance to conforming at some later date. This is not a commitment to lend. This is no guarantee you will qualify or an offering of credit. Terms and conditions change.

Talk to me about your lifetime financial goals. I will find the right loan for you.

Caroline Gerardo NMLS# 324982

(949) 784-9699

Newport Beach, California 92660

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