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What is FHA Loan?


Kuljinder Singh Tatla Real Estate and Mortgage Broker in Riverside California answer mortgage related questions

Want to know what is FHA Loan?

The Federal Housing Administration’s loan programs enable more buyers to qualify for a mortgage. With more flexible credit guidelines, FHA mortgages can be a viable choice for first time buyers, buyers with less than perfect credit, self-employed buyers, buyers with limited liquid assets for a down payment or buyers with short or interrupted employment histories.
FHA loans can also be used to refinance an existing mortgage. The down payment on an FHA loan can be as low as 3.5% of the purchase price. To reduce the amount of cash needed at closing, the upfront mortgage insurance premium can be included in the mortgage. Borrowers are also responsible for paying monthly mortgage insurance premiums.
Additional information can be found at hud.gov
   

What are the Basic Types of Loans?

  • Conventional / Fixed Rate Mortgage. Conventional fixed rate loans are a safe bet because of their consistency — the monthly payments won't change over the life of your loan
  • Interest-Only Mortgage
  • Adjustable Rate Mortgage (ARM)
  • FHA Loans
  • VA Loans
  • Combo / Piggyback
  • Balloon
  • Jumbo

Kuljinder Tatla
Broker/ Loan Officer
U2 FUNDING INC

Ph: 909-233-7891
921 Park St, Unit A
Perris, CA 92570
DRE# 01868883, NMLS# 01690863
DRE# 02124666, NMLS# 02050444
Equal Housing Lender Riverside CA Kuljinder Tatla
EVERY HOME LOAN HAS A STORY. LET'S WRITE YOURS!
All information is deemed reliable but not guaranteed. Neither mortgage company or website company shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Information subject to change without notice. This is not an offer for extension of credit or a commitment to lend.





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Kuljinder Tatla Mortgage Broker Realtor in California

Kuljinder Singh Tatla
Call, Text, Whatsapp:
909-233-7891

Your California Mortgage Broker

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