| WWW.CEDARMORTGAGE.COM |
| Cedar Mortgage 1715 S. Bascom Ave., Suite 100 Campbell, CA 95008 Ph: (408) 879-9011 Ph: (800) 266-9011 Fax: (408) 879-9543 |
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Federal Housing Administration (FHA) Loans
Generally, most people can qualify for an FHA loan, with the two requirements being a social security number and a valid state driver's license. These programs allow for lower down payments, higher debt-to-income ratios, and more flexible credit package underwriting guidelines. Offered are fixed and/or adjustable rate mortgages, which tend to remain competitive with the conventional market. However, they do have limitations as to maximum loan size, which can vary by county, and occupancy must be owner-occupied. |
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