East West Mortgage is helping out consumers with their FHA mortgage needs in a wide area of California including Los Angles, Sacramento, San Diego and other locations with in the states. East West Mortgage team filled company has the tools and information needed for consumers in need of guidance through the maze of the FHA loans.
What is Your Credit Situation
For most loans that mortgage lenders provide, consumers would need to have a good credit history, but not with the FHA loan. Federal Housing Administration (FHA) allows consumers to have minor past credit problems as long as the explanation to the issue is valid. For those who are not yet familiarized with the FHA loan it does not provide loans but instead it insures the loan.
How Much Can You Afford
Most of the time there is no limit to the amount lenders can provide under the FHA program. Generally mortgage lenders can lend up to $417,000 with no money down. The FHA loan is great for consumers, who are looking to buy their first home, remodel their current home or to fix an investment property, but FHA is more popular for first time homebuyers, it is more of an ideal solution for them. You achieve great benefits with the FHA mortgage loan: 100% financing option available, down payment is less than 3% of sales price, seller can credit up to 6% of sales price towards buyers cost.
East West Mortgage has been offering great mortgage solutions that you can't refuse since 1986, contact us today. We can be contacted through our toll-free number at 1-800-880-4202, or come visit us at our wonderful office building filled with talented loan officers located at 1604 Springhill Rd, Vienna, VA 22182.
