CA FHA Mortgages


CA FHA Mortgages are low-cost, federally insured home mortgage loans that have come to the rescue of the residents of California, who are worst affected by the sub prime mortgage crisis. Offering a variety of options, CA FHA Mortgages requires you to put a measly 3.5% of the sales price for the down payment and closing costs.


CA FHA Mortgages are low-cost, federally insured home mortgage loans that have come to the rescue of the residents of California, who are worst affected by the sub prime mortgage crisis. Offering a variety of options, CA FHA Mortgages requires you to put a measly 3.5% of the sales price for the down payment and closing costs.


Under CA FHA Mortgages, you can buy owner occupied properties, planned unit developments, condominiums, manufactured homes and family residences.


Income is not an issue; however, the borrowing limits in most areas of the country are smaller than that of conventional mortgages. In the case of a larger mortgage, an FHA loan may not fit your needs as well as a conventional mortgage loan. Check the FHA loan limits in your area. So now, if you are ready to apply for your FHA Home Loan, let's have a look at the qualification requirements.


  • Stable employment of two years, if possible with the same employer
  • The income for the last years should be consistent or backed by an increase
  • The mortgage payment assigned should be no more than 30 percent of your gross income.

Following three main types of loans are provided under CA FHA Mortgages:

FHA Rate/Term Refinance, which is meant for borrowers who want to refinance their existing conventional fixed rate or Adjustable Rate Mortgage (ARM) mortgage into an FHA loan. It provides the borrowers with an FHA insured fixed rate mortgage.

FHA Cash-Out Refinance serves those homeowners whose properties have increased in value over time and who wish to access the equities that they have built up in their homes.

FHA Streamline Refinance is aimed at converting a current FHA ARM mortgage into a fixed rate or lowering the interest rate on a current FHA loan. It does not require appraisal, qualifying debt ratios, income verification or bulky paperwork as in a normal refinance.

Maximum Loan Amount for CA FHA Mortgages



The maximum loan amount offered under CA FHA Mortgages depends upon the county you are living in. The current highest limit in California is $729,750, whilst the lowest maximum amount available is $285,000. The US government agency, Federal Housing Administration has recently revised the maximum permissible limit for CA FHA Loans which are as follows:


  • One Family - $729,750.00
  • Two Family - $934,200.00
  • Three Family - $1,129,250.00
  • Four Family - $1,403,400.00

The maximum financing under the CA FHA Mortgages will be either 97.55% or 98.75% of the appraised value of the home or its selling price, whichever is lower.


What are you waiting for? Get started with your CA FHA Mortgages today.



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