NEW California FHA Loan!!
The New California FHA Home Loan!!
Special Government Home Loans Programs Help Orange County And Southern California Renters Become Homeowners!
Many Orange County and Southern California renters do not understand that government home loans will help you purchase your first home. The government does not lend money—mortgage companies such as TheHomeLoanHero.com lend the money to local Southern California residents. But because of special regulations from the Federal Housing Administration (FHA) we are able to approve Orange County and Southern California home buyers that would ordinarily not be able to purchase a home!
This special California FHA Home Loan Program helps by—
- Allowing for the least amount of cash possible—potential buyers can receive gift funds, grants from non-profit institutions, or borrow the small down payment required.
- Qualification guidelines are quite liberal with no minimum credit scores and relatives can help you qualify without living in the home.
- All potential Orange County and Southern California home buyers are eligible—
California FHA home loans are some of the most competitive mortgage loans on the Orange County and Southern California mortgage market right now. They have lenient credit requirements, low or no down payments, and relatively high loan limits.
Why Not Say Goodbye To Your Landlord?
With government home loan programs helping first time home buyers, the time to purchase your beautiful, new Southern California is now… especially while Orange County California interest rates are low.
California FHA home loans benefit those who would like to purchase a home in Orange County and Southern California… but haven’t been able to put money away for the purchase. It also allows individuals to qualify for a California FHA home loan whose credit has been marred by bankruptcy or foreclosure or other negative events.
WHAT EXACTLY IS AN CALIFORNIA FHA HOME LOAN?
Home ownership rates in America continue to increase at a steady rate due in a large part to the implementation of California FHA home loans more than seventy years ago. Over the years, California FHA home mortgages have helped Americans gain the financial independence that comes with owning a home. By creating jobs and reasonable mortgage rates for the middle class, financing military housing, and producing housing for the low income and the elderly, California FHA mortgage loans have helped Americans become some of the best housed people in the world with over 73 million Americans currently owning their own homes.
HOW CALIFORNIA FHA HOME LOANS WORK…
By serving as an umbrella under which Southern California lenders have the confidence to extend loans to those who may not meet conventional loan requirements, California FHA’s mortgage insurance allows individuals to qualify who may have been previously denied for a home loan in California by conventional underwriting guidelines.
When it comes time for most people to buy a home Southern California, some sort of loan will usually be needed to cover the costs of buying a house as well as the price of the home itself. The median home price in Orange County is approximately $420,000, and since the vast majority of Americans don’t have that kind of cash lying around, they borrow money, usually in the form of a California mortgage loan. A California FHA mortgage loan is a home mortgage loan that is insured by the U.S. government.
Since the government insures the mortgage loan, Southern California lenders will be more willing to give out loans with fewer requirements and stipulations. With a California FHA home loan, the government doesn’t actually give you the mortgage loan, an Orange County mortgage lender does (lenders can be institutions like banks or mortgage lenders and Orange County mortgage brokers).
Any money used to pay for the home will come from the lender, not the U.S. government– the government simply insures that loan so that lenders feel safer about lending to certain people in Southern California. With government insurance, Orange County lenders will give out more loans, since they know that if a borrower can’t pay the loan, the government will step in and cover it.
The agency does not lend money—approved Fannie Mae and Freddie Mac Orange County, CA lenders such as TheHomeLoanHero.com lend the money. But because of special guidelines from Fannie Mae and Freddie Mac we are able to approve Southern California home buyers that would ordinarily not be able to purchase a home with no down payment.
PURCHASE A HOME WITH NO DOWN PAYMENT!!!
Studies by government-sponsored agency Fannie Mae have shown that the number one impediment to home ownership in most areas of Southern California is lack of available cash. Owning a home is part of the American dream—but this dream may not become a reality for those who lack capital…
UNTIL NOW, THAT IS!!
For years you have been able to purchase cars and furniture with no money down. Now you can make the most important purchase of a lifetime with no money down. That’s right. Nothing, zero, zilch. For years, the richest people in Orange County have known they get richer by owning Southern California real estate. Of course, the rich have the cash to purchase a home anywhere they like. But now everyone can participate in the American dream—
Government sponsored agencies Fannie Mae and Freddie Mac are offering a special California home loan program for those with limited incomes and cash for a down payment! Many Orange County and Southern California renters do not understand that Fannie Mae and Freddie Mac will help them purchase homes right here.
Hurry, because we cannot guarantee how long this special commitment of money will be available. Owning a part of the American Dream with no-money-down is available on a first-come first-served basis until the money is gone. Let TheHomeLoanHero.com pre approve your home loan in California and get a no-money-down mortgage for you so that you can find the home of your dreams. What do you have to lose—besides your landlord?
You can learn more about your financing options by downloading our Free Special Report: “Home Buying Tips.”
If you are ready to own your own home, search our properties or to apply for home loan fill out our Home Buyer’s form to see if your Southern California dream home is waiting for you?
Sign Up for Our Buyer’s List
Our properties sell quickly. But – don’t worry – we are constantly purchasing new properties. So, if you don’t see the home you were looking for, sign up for our Retail Buyer’s List. You can let us know what you are looking for and we will notify you with information about our new properties. If you are a real estate investor on the look out for new properties, please feel free to sign up for our Wholesale Buyer’s List.