FHA LOAN PASADENA
Taking out an FHA loan means your mortgage is insured by the Federal Housing Administration (FHA). Lenders are much more flexible with FHA loans – because lenders have some assurance from the government, you (the borrower) will often receive lower interest rates, lower down payment requirements, and less-strict requirements as they relate to your financial criteria, such as your credit score and job history. Though you are required to pay mortgage insurance for FHA loans, the benefits you receive far outweigh the small monthly fee you pay to secure the FHA loan in the first place.
Aspiring homeowners in Pasadena should contact C2 Financial Corporation – Dino Palmieri for FHA loans first. We are Pasadena’s most reputable mortgage broker, and over the years, we have helped hundreds of homeowners just like you secure attractive FHA loans that exceed their expectations.
Call (866) 303-7050 or click buton below to get you started now.
Why Pasadena Homeowners Love FHA Loans
Your mortgage is done through Fannie Mac or Freddie May
– most commonly, conventional loan programs are handled through these two private government-backed companies.
Your mortgage was signed on or before May 31st, 2009.
There are options available if you signed before that, but HARP 2.0 applies only to loans signed afterwards.
Your LTV (loan-to-value) rate is more than 80%.
Use an online calculator to figure this out, or contact us and we will do it for you.
What to Know Before You Start
- Lender must be approved. There are only a few Pasadena lenders legally allowed to supply FHA loans. We’ll help you find the right one and negotiate the best rates possible.
- There are two parts to your mortgage. The first is your upfront premium, which is 1.75% of the total mortgage value. This cost can be financed. The second is your annual premium (paid monthly), which is determined by your LTV (loan-to-value) ratio.
- Used for relief, too. Sometimes, you can secure a FHA loan to get out of an unmanageable mortgage signed previously.
Get Started on Your Pasadena FHA Loan
Get in touch with C2 Financial Corporation – Dino Palmieri today to learn more about FHA loans and how they can help you with your new
mortgage. We’ll lead you through the specifics, help you determine if you are eligible, and of course, let you know how
much you could save.
Click button below or call (866) 303-7050 to get started now.