FHA

If you’re a first time homebuyer, with limited down payment, an FHA loan may be the best fit for your needs.  FHA is an alternative to conventional financing and provides flexibility for homebuyers.

FIND OUT MORE ABOUT THIS PROGRAM AND ELIGIBILITY REQUIREMENTS FROM YOUR REDONDO MORTGAGE CENTER LOAN CONSULTANT

Low 3.5% down payment

The entire 3.5% down payment can be 100% gifted from parents, relatives, or an employer

FHA allows seller to give up to 6% of the home’s purchase price to an FHA buyer to pay closing costs

Qualify for FHA loan with a lower credit score than other loan programs because it is government-based

Limited equity for refinancing? This may also be an option for borrowers with little restrictions

Talk to your Redondo Mortgage Center loan officer to clarify which loan program may best meet your needs.