FHA Loans

FHA Loans

FHA mortgage loans are issued by federally qualified lenders and insured by the U.S. Federal Housing Authority, a division of the U.S. Department of Housing and Urban Development.

FHA loans are an attractive option, especially for first-time homeowners:

  • Generally easier to qualify for than conventional loans
  • 3.5% down payment
  • Cannot exceed statutory loan limits
  • Can lend to as low as a 500 credit score– Ask us for more details!

 

FHA Streamline Refinance
No income qualification
Zero closing costs
No appraisal needed

 
 
FHA Maximum Loan Limits
 

FHA Standard Loan Limits
California Properties Located In Units Maximum Base Loan Amount
Kern County 1 $331,760
2 $424,800
3 $513,450
4 $638,100
Los Angeles County
&
Orange County
1 $765,600
2 $980,325
3 $1,184,925
4 $1,472,550
Riverside County
&
San Bernardino County
1 $442,750
2 $556,800
3 $685,100
4 $851,450
Ventura County
1 $713,000
2 $912,750
3 $1,103,350
4 $1,371,150
For additional Maximum Base Loan Amounts for other counties not listed above, please email WBao@NHFunding.net
 

FHA Jumbo / High Balance Loan Limits
Properties Located in Units Maximum Base Loan Amount*
California 1 $636,150
2 $814,500
3 $984,525
4 $1,223,475
*Maximum Base Loan Amount is the lesser of amount as per table above or Maximum County Limit (//entp.hud.gov/idapp/html/hicostlook.cfm for County limits)
 
For more information about FHA loans, please visit http://portal.hud.gov/hudportal/HUD?src=/buying/loansFor more information about Common Questions from First-Time Hombuyer’s please click here http://portal.hud.gov/hudportal/HUD?src=/topics/common_questions