Why Exactly is FHA becoming so popular in Irvine ,CA.

Only 1 year ago nobody was doing FHA loans. At least not in my area, which is Irvine, CA. FHA loan limits were too low to even buy a home. But now, in Irvine FHA is a big thing. FHA is the best, most flexible loan program available for First Time buyers, or really any home buyer who is looking to put down less than 10% down payment. This is no stated income loan. Everything, and I mean everything, is documented. FHA loans files are 6 inches thick by the time the loan closes, but the home buyer ends up with a great Goverment loan, typically a 30 year fixed program and with minimal down payment.

Now that property values have dropped so much, this is one of the best times in recent memory to buy a home. Homes that were $650,000 only a few years ago can now be bought for $400,000, maybe even less depending on the area.

The first step is to get prequalified or preapproved for a home loan. So get out there and start making it happen.

Authored by Tim Storm, an Orange County, CA Loan Officer – Please contact my office at Frost Mortgage Lending Group for more information about an Orange County, CA home loan.  877-786-4243 x 7.

www.OCFHALoans.com

Call our office today and see how we can help you and your family. Ask for your Free First Time Home Buyer Report.

877.786.4243 x 7 | tstorm (at) ochomebuyerloans.com

* Licensed by California Dept. of Real Estate.  Lic. # 01190897