Global Mortgage: San Diego FHA Loans
After several years of struggling through the recession, you have finally found an excellent job with a great salary. You have every reason to believe that your financial situation is stable now and will be for the indefinite future. It feels like a time of opportunity. You are finally ready to settle down in sunny San Diego with your family, and are hoping to buy a beautiful family home. Because of the struggles of recent years, however, you do not have enough money in your account to pay the traditional 20% that many lenders ask for as a down payment. You are having a difficult time finding an interest rate you can afford and loan terms you can handle.
Does This Situation Sound Familiar?
A lot of San Diego buyers are caught up in frustrating circumstances that are similar to this. If you have the financial stability to buy a home but cannot afford that substantial down payment, you may be able to purchase a home with a 3.5% down payment through a San Diego FHA loan. The U.S. Federal Housing Administration backs FHA loans San Diego, so they are a less risky loan option to lenders. This in turn means more reasonable loan terms for you as the borrower.
For first-time home-buyers, not only do FHA loans San Diego have lower down payments, but they also come with low closing costs and less restrictive credit qualifications. So even if your credit has taken a hit over the past few years, you may still be able to get a reasonable loan. The FHA also offers loans for fixer-uppers. So if you have found a San Diego home that could use a little work, you may be able to buy the home and include all the repair costs in a single low interest loan.
We are fully qualified to offer San Diego FHA loans to local customers. Not every mortgage broker in the area can say the same. In fact, many brokers will not even mention FHA loans to you, even if you might qualify, and may instead try to sell you a more expensive product. Most of our customers are repeats and referrals, because we keep your best interests at heart. We want to help you save money. By taking a look at your financial situation, we can see if you might qualify for an FHA loan and some of the most reasonable loan terms in the country. With FHA loans San Diego housing becomes affordable.
Do You Qualify For FHA Loans San Diego?
If you think you may be eligible for FHA loans San Diego, give us a call at (619) 692-3630. If you do qualify for a federally backed loan, we can streamline the application process and help you correctly complete and submit the paperwork in a timely fashion. If you do not qualify for FHA loans San Diego, we may be able to locate another affordable mortgage product for you so that you can move into your San Diego dream home at last.