California FHA Home Loan Program Highlights

October 1st, 2010, FHA made substantial changes to their paid "Upfront" and monthly Mortgage Insurance Premiums.

FHA, a basic low down payment family residence loan type, that also includes manufactured home loans, is a widely used loan program that we offer.

FHA up front mortgage insurance premiums change often, as well as the monthly MIPs. Please ask for a custom estimate that will disclose the current mortgage insurance payments.

For a purchase, the minimum down payment for a traditional "stick built" home, is 3.5% at the time of this writing. (10/11). Manufactured homes require 10% down.

Now, you have some general guidelines about a loan program you may be interested in. This is the way to acquire more information to meet your particular financing needs:

Call Judy, mortgage loan originator, on her direct line at 909.797.1024, or write her at judy@sellenslending.com

FHA 203(b) Low Down Payment Program Information.

Written 10/08/11

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