FHA Home Loan In San Diego

Get the dream house you want with an FHA home loan! Contact today to see if you qualify for a FHA loan in San Diego County.

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Let us help you achieve your dreams with a Federal Housing Administration (FHA) Loan featuring a lower down payment. As San Diego FHA lenders we’re here to answer any of your questions. FHA insured loans often give potential homeowners the option of making a lower down payment than they would need to make if using a traditional, non-FHA insured mortgage. There are many FHA loan benefits that make it the perfect home loan for you. Contact us today online or call us at 858-242-5647 to find out more about his loan option or get pre-approved.

  • If looking to Refinance a FHA Loan or to Refinance FHA loan to a Conventional loan, we can help too!

san diego fha home loanGetting To Know The Federal Housing Administration 
The Federal Housing Administration (FHA) is a government entity that offers mortgage insurance on loans made by FHA-approved lenders. The FHA provides insurance on mortgages for many different types of homes including single-family and multifamily homes. The FHA is completely funded by its own self-generated income, meaning there is no cost to taxpayers for its operation and services.

What Are FHA Loans?
FHA loans are insured by the Federal Housing Administration. These loans are designed to help first-time homebuyers and experienced homeowners alike by providing them with a low down payment option.  FHA mortgage insurance serves as protection for lenders in the event of a homeowner defaulting on their home loan. Energy-efficient mortgages, reverse mortgages, refinances and renovation loans also available.

FHA Loans Benefit Everyone

FHA loans don’t just benefit the potential homeowner – they also are beneficial for the economy as a whole.  They stimulate economic development in the form of expanding tax bases and creating jobs.

In fact, the FHA was created in 1934 as a direct response to difficulties in the housing industry such as unfavorable mortgage loan terms, low rates of homeownership nationwide and widespread unemployment among construction workers.

San Diego FHA Mortgage

A FHA loan in San Diego may be your best option. Contact a Mortgage loan officer today, Synergy One Lending UTC helps those in San Diego and throughout California to get to home loan they need to get the house they want. Call 858-242-5647 for mortgage rates.

Advantages Of FHA Loans:

Lower Down Payment Requirements

For first-time homebuyers this can be a real advantage. You could put down as little as 3.5% of the purchase price.

 

Lower Credit Score Requirements

Borrowers can  qualify for an FHA loan with credit scores lower than conventional home loans.

 

Can Offer Lower Interest Rates

Since the government is backing the loan for you, a lower interest rate can be achieved. 

 

Easier Approval Than Conventional Loans

It’s generally easier to get approved for an FHA loan, as compared to a conventional mortgage. If you don’t have the 20% to put down for a conventional loan you would need to get approved by a private mortgage lender insurance provider as well.

Disadvantage Of FHA Loans:

  • Subject to mortgage insurance (for full term of mortgage in many cases)
  • Mortgage insurance harder to cancel
  • Fewer loan options than conventional loans

Resources For Home Buyers

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The Home Loan Process

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Let Us Be The Stepping Stone To The Home Of Your Dreams!

Begin your home loan process today! Our mortgage lenders are standing by.
Request a free personalized rate quote. 858-242-5647

Refinance Your FHA Loan

Refinance your FHA loan with the mortgage experts at Synergy One Lending UTC even if you have less than perfect credit. Many homeowners who have difficulty paying their mortgage move from a conventional mortgage to an FHA Loan, which may lower your interest rate and monthly payments. We’ll help you refinance your home with an FHA loan to meet with your financial needs. 

Apply For An FHA Loan
Find San Diego County FHA Loan Information as well as other Southern California areas:

Reach out to one of our mortgage professionals for current fha loan limits and mortgage rates – 858-242-5647

Apply For An FHA Loan