A mortgage lender in Santa Clarita explains how FHA (Federal Housing Administration) loans can be used to purchase a house, who qualifies for these loans and where to learn more.
Santa Clarita mortgage lender American Family Funding advised that FHA loans may be “just the tool” some Santa Clarita families could use to purchase a home.
These loans, American Family Funding officials said, present “an opportunity (for home-ownership), particularly for first-time homebuyers or those looking to buy a fixer-upper.”
Specifically, this is because “FHA loans are insured by the Federal Housing Administration so that lenders like American Family Funding can get you better pricing,” officials from the Santa Clarita mortgage lender explained.
In order to qualify for an FHA loan, American Family Funding officials said that filers must have “reasonable debt-to-income ratios.”
“In general, you have to be better than 29/41, but some programs allow up to 55 percent,” officials further elaborated.
In addition, filers are required to have a “decent” credit score.
“You don’t need wonderful credit to get an FHA loan,” said officials from the Santa Clarita mortgage lender.
Those worried about their credit or debt-to-income ratio are assured that American Family Funding experts can help them to “find out more about qualification” for FHA and other home mortgage loans.
Offering a full range of mortgage resources, American Family Funding describes themselves as a full-service provider of home loans. They work with each client according to their unique financial situation to find “the right loan with the best rates, terms and costs” for them.
“We are here to help you throughout each step of the loan process,” American Family Funding officials said.
Additionally, American Family Funding offers online services so clients can consider their loan options from the comfort of their own home. This at-home service is especially useful during the “Safer at Home” orders in place during the current coronavirus pandemic.
“You not only have access to the best loans available in the marketplace,” American Family Funding officials explained, “you can also review loan alternatives and even apply for your loan at your convenience online – 24 hours a day, seven days a week.”
Santa Clarita mortgages lender American Family Funding can help you fulfill your dream of home ownership. A highly rated Santa Clarita mortgages lender, American Family Funding maintains a focus on community involvement and a commitment to giving back whenever possible. A friendly mortgage advisor will make the first time homebuyer experience an easy and stress-free experience — even with bad credit or a low down payment. The Santa Clarita home loan officers at American Family Funding also specialize in VA loans, reverse mortgages, refinancing and the STAR Loan Program.
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