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FHA Loans

FHA loans are mortgages that are government-insured by the Federal Housing Administration, or FHA. Although being a first-time homebuyer is not a requirement of an FHA loan, this loan makes a lot of sense for many first-time buyers. FHA loans start with as little as 3.5% down and offer more flexible and lenient credit requirements and underwriting guidelines.

For example, FHA loans have a minimum credit score requirement of 500 whereas conventional loans typically require a 620 credit score. FHA loans also allow you to purchase a multi-unit property with a 3.5% down payment as long as you will be living in one of the units. So hypothetically, you could purchase a 4-plex with just 3.5% down and immediately have three units producing rental income!


Working with Solcosta Home Loans

  • Since we are a mortgage broker and not a bank, we have the ability to shop multiple lenders to get you the best deal possible.
  • We offer a wide variety of loan products, and we can help you find the loan that is right for you!
  • We are fast and efficient and have the ability to close most of our loans in 18 days or less.
  • We are locally owned and operated in Northern California. That means when you call or email us, you will be speaking with us directly.
*Solcosta Home Loans is not affiliated with or acting on behalf of or at the direction of FHA, VA, USDA or the Federal Government.
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