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FHA Mortgage Loan Company offers government insured loans with low rates for refinancing and home financing. We operate our headquarters in Orange County, California but are HUD approved for FHA mortgages in all 50 states. FHA lender offer the FHA guarantee for government lending and streamline refinance guidelines.

Our FHA mortgage company presents a unique home financing opportunity for first time homebuyers and homeowners with less than perfect credit. Currently FHA mortgage loans boast of the lowest rates that have ever been recorded. Get introduced to lenders that can help you understand exactly what home loans are available to you today with your credentials.

FHA Lenders  
 

At FHA Mortgage Loan Company, our goal is to make purchasing your first home a simple, pleasurable exciting, and as hassle-free as the home mortgage process can be. We provide multiple services for FHA lenders. We will help you consider compensating factors when underwriting financing eligibility for borrowers with credit scores as a low as 500. Whether you need cash back or a lower mortgage payment, we can help! Since the beginning our FHA Orange County team in Southern California reached out to 1st time home buyers and people with poor credit. Today, we are extending FHA mortgage loans to people all over the country.

FHA Streamline Refinancing Loans
Fixed-Rate FHA Mortgage Refinance
FHA Mortgage Refinance Loans
FHA Cash Out Refinance Loans
FHA Home Loan Update
FHA Home Loan Services

Finding a FHA Mortgage Lender
FHA Mortgage Lenders
FHA Mortgage Rates
FHA Mortgage Limits


Defining FHA Loan Terms

FHA Mortgage: An insured government loan under Federal Housing Administration division created to ensure fair home financing across America. Be sure to compare purchase or FHA mortgage refinance loans from competitive lenders.

FHA California: FHA loan limits vary from state to state. Our FHA lenders in California offer the maximum loan amounts allowed by the Federal Housing Administration.

FHA Short Refinance: Borrowers with liens that are more than their home value may be eligible for the FHA underwater refinance program.

FHA Down-Payment: 3.5% is all people need to buy a home with FHA.

FHA Streamline: HUD automated the refinance process for existing FHA customers seeking a lower interest rate with no cash involved.

FHA Bridal Registry Loans: The FHA Bridal Registry loan program allows a couple to register with a HUD approved FHA mortgage lender. Friends or family can make gift donations into an account that bears interest and can be utilized for a down-payment when financing an FHA house loan. The Federal Government has insured home refinancing loan programs so can still be part of a great wedding present.

FHA Mortgage Loan Update

FHA mortgage guidelines only require homebuyers to come up with a three percent for the down-payment. In most cases, borrowers with poor or fair credit scores will only qualify for high interest sub-prime mortgages, but FHA has changed all of that. With this loan program for 1st time homebuyers, qualify for a market low rate that is fixed for 15 or 30 years becomes standard. Find out if an equity loan is the right choice when planning to make some home improvements. The minimum FHA mortgage down-payments remain at 3.5% and this excites 1st time home buyers.

Do you know how much of a loan you qualify for?

We are here to answer your home loan questions and direct you towards the best mortgage solution. With our FHA mortgage expertise, you will gain a better understanding of what FHA mortgages can offer and how they compare with conforming and sub-prime loan alternatives.

Has your interest rate adjusted making your payment rise?

FHA mortgage loans have made a recent com-back to the forefront of lending. Suddenly after almost disappearing a few years ago, FHA has taken back a giant market share with new homebuyers and existing homeowners looking to refinance their adjustable rate into a better fixed rate mortgage. After new legislation passed in 2008, thousands of homeowners are eligible to eliminate their variable rate mortgage with a variety of FHA refinance loan programs. Are you looking for a FHA mortgage loan with bad credit? You still only need a 500 fico score to meet FHA's minimum credit score requirement.

FHA Mortgage Loan
   
 

Why a Lending shift from conventional loans to FHA loans?

Conventional loans made by banks and lending institutions that are packaged and sold to Fannie Mae and Freddie Mac are on the decline because of the recent surge in foreclosures. Investors are now wary of investing in mortgage-backed securities (MBS)--the loans packaged and sold by Fannie Mae and Freddie Mac--as a result of the huge losses they have suffered at the hand of the demise of the subprime and Alt-A loan markets. Because investors have such a decreased interest in mortgage-backed securities, lenders have been getting stricter and stricter with their qualification requirements. Now, you need a credit score of at least 660 if you're putting a 20% down payment on a home and a FICO score of 700 if you can't come up with at least 20% down.

FHA Guarantees Fair Lending

Most mortgage analysts agree that the FHA mortgage loan will be focal point for home financing options for many years to come. Guidelines could tighten as loan defaults rise, so lock into a low FHA mortgage while the programs are available. Most politicians, economists and bank executives agree that real estate finance requirements will increase dramatically in the next few years.

FHA faced many obstacles in 2012 and 2013, so the Department of Housing and Urban Development embraced the new challenges with a goal of improving and revamping programs for homeowners looking for affordable refinancing. HUD has said in several reports that they "remain focused on improving FHA mortgages for consumers, while increasing the accountability and requirements for mortgage companies that offer FHA programs." Most experts believe that HUD will keep the FHA aggressive in the years to come. In a sense, American homes were financed by FHA in the 20th century.

FHA now has a requirement of a minimum 500 FICO for loan to values greater than 90%. Borrowers with less than 500 FICO credit scores have a maximum LTV at 90%. The good news is that the Federal Housing Administration still approves bad credit mortgages with FHA. So if a borrower has a past bankruptcy, foreclosure or simply low fico scores they still have opportunities to finance with a FHA mortgage.

The Federal Housing Administration guarantees the insurance for each FHA mortgage loan. There are many advantageous to buying or refinancing with a FHA house mortgage. The interest rates are fixed for 15 or 30-year terms with no penalties for early pay-off or refinance. Mortgage lenders like FHA mortgages because our government guarantees the loan, in case there is a payment default or foreclosure.

Similarly, the level of conventional to FHA endorsements has increased 260.8% on a year over year basis. Based on the MBA survey, application volume for government-insured mortgages was up 133.9 percent in July from a year ago, while application volume for conventional loans was down 50.2 percent, evidence of a shift from conventional to government-insured mortgages.

FHA mortgage finance loans have taken a lot of the market-share for subprime mortgages and the popularity with this government program will continue in 2014 and 2015.

Brochure for Fair Housing Equal Opportunity - New Home Buying

Most down-payment assistance programs have vanished from lending portfolios, but there may still be opportunities on a local level.

The Current FHA Mortgage Rates Ensure Affordable Housing

FHA announced a variety of new home purchase and refinance initiatives to help lower the number of foreclosures. The Federal Housing Administration programs range from first time home buyer loans to a forbearance plan for unemployed borrowers, to a plan encouraging principal reductions, to a FHA refinance option. "Importantly, there are many details of the FHA loan guidelines that were clarified." Green said.

It's no secret that since the housing collapse, that FHA mortgage loan programs have greatly expanded for the benefits of distressed homeowners and first time house buyers alike. If you are looking for financing incentives with solar energy initiatives, you will appreciate the opportunities extended for house improvements and purchasing green energy appliances for your property.

FHA mortgage loans are backed by the government lending institution, the Federal Housing Administration which was created by Housing and Urban Development, also known as HUD. FHA provides mortgage lenders with insurance for each financing transaction. The FHA mortgages were created in 1934 to ensure fair lending for all Americans. Today FHA continues to provide affordable low rate loans to borrowers with all types of credit.

FHA Streamline Refinance When Interest Rates Drop

The Mortgage Bankers Association reported that of the "mortgage applications accepted during the same month last year, 29.1% were for FHA mortgage loans compared to 8.4% the previous year."

HUD announced that 2014 FHA loan limits would remain at 2013 levels, but they are set to expire shortly. Many lenders and loan professionals fear that the Federal Housing Administration will slash FHA loan limits. This would reduce the pool of new home buyers and potential borrowers looking for a refinance. FHA also introduced a new loan modification for FHA borrowers whose mortgage balance exceeded the property value. Getting a FHA mortgage loan after a bankruptcy is still possible.

HUD began taking action to combat the foreclosures and the rising FHA loan defaults. Unfortunately, too many FHA mortgage lenders have used government loan programs as their subprime replacement. They are looking to tighten guidelines on FHA mortgage lenders.

HUD Extends Aid for Homeowners that Are Upside-Down on Their FHA Mortgage

Today underwater homeowners have choices if they are already a FHA customer or if they have a lien owned by Fannie Mae or Freddie Mac. Read the entire article FHA Streamline vs. HARP Refinance on the FHAHLR Blog. Another common thing we have seen quite a few consumers in high cost regions move from loans backed by Fannie Mae or Freddie Mac over to a California FHA mortgage.

Interest rates and guidelines are subject to change without notice on FHA mortgages.