We help first-time buyers, low-to-moderate-income families, and those with less-than-perfect credit become homeowners through FHA loans. With flexible credit requirements and a low down payment starting at just 3.5%, FHA loans make it easier to qualify and buy your dream home in California.
FHA Loans in California
About
What Is an FHA Loan?
An FHA loan is a mortgage insured by the Federal Housing Administration (FHA). It’s designed to make homeownership more accessible to borrowers who might not meet the stricter requirements of conventional loans. Because the loan is backed by the government, lenders can offer lower down payments, lenient credit standards, and competitive interest rates.
You may qualify for an FHA home loan if you meet these general requirements:
- Credit Score: Minimum 580 for 3.5% down payment (or 500 with 10% down).
- Down Payment: As low as 3.5% of the home price.
- Debt-to-Income Ratio: Typically below 50%.
- Steady Employment: Proof of stable income for the past two years.
- Primary Residence: The home must be your main residence — not an investment property.
Benefits
Benefits of an FHA Loan
Low Down Payment
Get started with as little as 3.5% down.
Flexible Credit Requirements
Perfect for buyers with limited credit history.
Competitive Interest Rates
Lower rates mean more affordable payments.
Assumable Loans
Your loan can be transferred to another qualified buyer.
Easier Qualification
Designed for first-time and moderate-income buyers.
Option to Refinance
Simplify your payments later with an FHA Streamline Refinance.
Types
Types of FHA Loans We Offer
FHA Fixed-Rate Mortgage
Best For: Long-term stability
Highlights: Consistent payments for 15–30 years
FHA Adjustable-Rate Mortgage (ARM)
Best For: Short-term homeowners
Highlights: Lower initial rate for the first few years
FHA 203(k) Renovation Loan
Best For: Buyers improving homes
Highlights: Finance both purchase and renovation costs
FHA Streamline Refinance
Best For: Current FHA borrowers
Highlights: Quick, no-appraisal refinance process
Comparison
FHA Loan vs. Conventional Loan
FHA Loan
- Down Payment: 3.5%
- Credit Score: 580+
- Mortgage Insurance: Required (MIP)
- Eligible Borrowers: First-time & low-income buyers
- Property Type: Primary residence only
Conventional Loan
- Down Payment: 3-20%
- Credit Score: 620+
- Mortgage Insurance: Removable at 20% equity
- Eligible Borrowers: Anyone
- Property Type: Primary, secondary, or investment
FAQs
Frequently
Asked Questions
Still have a question?
JLLendingTeam: A collaborative group specializing in providing tailored lending solutions and financial support for clients.
Can I qualify for an FHA loan with low credit?
Yes. FHA loans allow scores as low as 580 with a 3.5% down payment.
What is Mortgage Insurance Premium (MIP)?
It’s a small monthly insurance fee that protects lenders and enables easier qualification for borrowers.
Can I use an FHA loan for a fixer-upper?
Yes! The FHA 203(k) program lets you finance both the home purchase and renovation costs.
Can I refinance my existing FHA loan?
Yes, with the FHA Streamline Refinance, you can lower your rate and skip most paperwork.
Still have a question?
JLLendingTeam: A collaborative group specializing in providing tailored lending solutions and financial support for clients.
JL Lending Team
Why Choose Us for FHA Loans?
Local Experts
Serving California’s veterans with deep knowledge of the state’s housing market.
Fast, Tech-Enabled Process
Apply, upload documents, and track your loan online.
Personalized Guidance
We’re not tied to one lender — we find the best loan for you.
Contact Us
Ready to Get Started with Your FHA Loan?
Buying your first home in California doesn’t have to be hard. Let JL Lending Team guide you through the FHA process and get you approved faster.
Start today and move into your new home with confidence.