How do I get a fha loan in California?
To get a fha loan in California, you'll work with Sample Officer (NMLS NMLS-PLACEHOLDER), a loan officer individually licensed in California. An FHA loan is a government-insured mortgage designed for first-time buyers and buyers with lower credit or smaller down payments. Mortgage Go originates FHA loans through licensed loan officers for primary residences in the states where each officer is individually licensed.
Key facts
- Minimum down payment
- Placeholder — pending compliance
- Minimum credit score
- Placeholder — pending compliance
- Loan term
- 15 or 30 years
- Property eligibility
- Primary residence only
Frequently asked questions
What is an FHA loan?+
An FHA loan is a mortgage insured by the Federal Housing Administration. It is designed to make homeownership accessible to buyers who may not qualify for a conventional loan due to credit or down-payment constraints.
Do FHA loans have mortgage insurance?+
Yes. FHA loans require both an upfront mortgage insurance premium and an annual premium paid monthly. In most cases that annual premium stays for the life of the loan.