FHA Home Loans

FHA Loans can help you purchase your first home with as little as 3.5% down or take cash out of your house during a refinance.

Is a FHA Home Loan the Best Loan for You?

For most Americans, purchasing a home is the largest investment they make and it is usually the largest asset they hold. If you are looking to purchase a new home or refinance an existing mortgage, it is important to understand the mortgage process and the different programs available to you. The first step is understanding which loan type is right for you - Conventional, FHA, VA or Private Portfolio. On this page we will run through some of the benefits of FHA home loans.

Good Credit is Not Mandatory

FHA does not require stellar credit. Ocean Lending is able to finance with FHA mortgages all the way down to 500 FICO.

Affordable Down Payments

One popular benefit of FHA loans are the low down payment requirements. Only 3.5% is required with 580 FICO.

Relaxed Income Requirements

FHA loans allow you to have a larger amount of debt going out allowing you to purchase more than with most conventional loan.

Major Credit Events - OK

FHA has shorter seasoning requirements and can help you sooner out of a Bankruptcy, Foreclosure, or Short Sale when compared to a conventional loan.

Still have some questions? Get a Free Consultation from one of our Loan Experts and let us help you find out what loan is the best for your situation.