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Home Sweet Home
>> CALL NOW! (800) 266-2109 <<

1/2 % Down Payment
Available Now!!!
Unlimited Funds!

  • FHA 30 year Fixed at 96.5% LTV
  • Second Mortgage 15 year Fixed at 8.25% for up to 3% of sales price
  • Minimum credit score 620
  • Does NOT have to be First Time Homebuyer
    Seller can pay up to 6% closing costs
  • Maximum Debt to Income ratios:
    • credit score 620-659 = 45%
    • credit score 660+ = 47%
  • Borrower qualifying income may not exceed 120% of HUD Area Median Income (See income guidelines below)
  • Total CLTV 99.5%

County Program Income Limit FHA Loan Limit
Los Angeles County:     
$74,520     
$729,750
Orange County: $103,320 $729,750
Riverside County: $77,400 $500,000
Sacramento County $87,360 $580,000
San Bernardino: $77,400 $500,000
San Diego: $89,880 $697,500
San Francisco County: $116,160 $729,750
San Joaquin Country: $76,320 $488,750
Ventura County: $103,320 $729,750

CLICK HERE TO VIEW ALL CALIFORNIA COUNTY INCOME LIMITS.

Sample Scenario # 1:
(Purchase Price: $150,000)

1st: 96.50% ($150,000 x 96.50%) $144.750.00 +
2nd (Down Payment): 3% ($150,000 x 3%) $4,500.00 +
Total Financing 1st & 2nd: 99.5% of Sales Price $149,250.00 =
Borrower Required Down Payment: 1/2% ($150,000 x .5%) $750.00

Borrower Contribution: 1/2% ($750) for DP (Seller pay for Closing Costs)

Principle/Interest- $914 +
Taxes- $156 +
Insurance- $52 +
MI- $68 +
2nd- $43
Payment= $1233


Sample Scenario # 2:
(Purchase Price: $200,000)

1st: 96.50% ($200,000 x 96.50%) $193,000.00 +
2nd (Down Payment): 3% ($200,000 x 3%) $6,000.00 +
Total Financing 1st & 2nd: 99.5% of Sales Price $193,000.00 =
Borrower Required Down Payment: 1/2% ($200,000 x .5%) $1,000.00

Borrower Contribution: 1/2% ($1,000) for DP (Seller pay for Closing Costs)

Principle/Interest- $1220 +
Taxes- $208 +
Insurance- $70 +
MI- $91 +
2nd- $58
Payment= $1647


Sample Scenario # 3:
(Purchase Price: $325,000)

1st: 96.50% ($325,000 x 96.50%) $313,625.00 +
2nd (Down Payment): 3% ($325,000 x 3%) $9,750.00 +
Total Financing 1st & 2nd: 99.5% of Sales Price $323,375.00 =
Borrower Required Down Payment: 1/2% ($325,000 x .5%) $1,625.00

Borrower Contribution: 1/2% ($1,625) for DP (Seller pay for Closing Costs)

Principle/Interest- $1982 +
Taxes- $338 +
Insurance- $113 +
MI- $148 +
2nd- $94
Payment= $2675


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1-800-266-2109
www.123
GoFHA.com
28570 Marguerite Parkway, Ste. 219
Mission Viejo, CA 92692