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San Jose, CA 95121

FHA Loan

Affordable Homeownership for All

FHA Loans are a popular home loan alternative for a distinct purpose. If you're a first-time homebuyer or have a lower credit score, and you desire manageable monthly payments alongside the security of a fixed interest rate, then the FHA Loan could be the right solution for you.

Empowering you to buy the home you deserve

It only takes 3-minutes to explore your options, and it won’t affect your credit score — no commitment required.

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FHA Loan Requirements

Minimum 580 Credit Score

Most lenders require a minimum credit score of 580 for FHA loans.

3.5% Down Payment

FHA loans require a down payment of 3.5% for borrowers with a credit score of 580 or higher.

2% – 5% In Closing Costs

You’ll need 2% – 5% of the total purchase price to cover closing costs.

Debt-To-Income Ratio ≤ 43%

You’ll need a debt-to-income ratio (DTI) of no more than 43%

FHA Loan Benefits

Lower credit score requirements

Providing an opportunity for homeownership to individuals who may not qualify for conventional financing.

Low down payment options

Making it more accessible for borrowers who have limited funds available for a down payment.

More lenient qualification criteria

Taking into account factors such as credit history, debt-to-income ratio, and employment history, making it easier for borrowers to qualify.

Assumable loans can benefit future buyers

Allowing qualified buyers to assume your FHA loan and potentially making your home more attractive to buyers.

FHA Loan Loan Options

FHA 15-Year Fixed

The FHA 15-year fixed mortgage delivers the certainty of a guaranteed, comparatively lower monthly mortgage payment for its shorter term, suited for new buyers.

FHA 25-Year Fixed

The FHA 25-year fixed mortgage provides the confidence of a steady, relatively lower monthly mortgage payment over its duration, favorable for entry-level buyers.

FHA 30-Year Fixed

The FHA 30-year fixed mortgage presents the relief of a locked-in, lower monthly mortgage payment, ideal for first-time homeowners.

See what's possible

Use our calculators to see what homeownership could look like for you.

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LOAN OPTIONS

30-Year Fixed

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3005 Silver Creek Rd STE 210-214, San Jose, CA 95121

(408) 532-1278

mortgage@pacificwide.com

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