FHA Loans

FHA loans are an attractive option, especially for first-time homeowners in Santa Cruz, Capitola, Aptos, Watsonville and Soquel, as well as all of California, 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.

What is a FHA Loan?

A FHA Loan is provided by the Federal Housing Administration and has a lower down payment.

Benefits of FHA Loans

There are many benefits to FHA Loans beyond just a lower down payment.

FHA Loan Eligibility

FHA Loans have more flexible requirements than a traditional conventional mortgage.

FHA Loan Limits

Different counties have different limits on how much you can borrow for an FHA Loan.

Get Pre-Approved for a FHA Loan

If you are a first time home buyer, or simply seeking a lower down payment in Soquel, or anywhere in California, contact Jeri Skipper - Pacific Inland Home Loans at (831) 818-0299 for more information, or fill out the form on this page.