FHA Loans

We are proud to be able to offer our customers FHA loans. What is a FHA Loan? FHA home loans allow first time home buyers and current home owners to buy a home with less than 3.5% down or FHA home mortgage refinance up to 96.5% of the homes value.

The Federal Housing Administration, generally known as "FHA", provides mortgage insurance on loans made by FHA-approved lenders throughout the United States and its territories. FHA insures mortgages on single family and multifamily homes including manufactured homes and hospitals. It is the largest insurer of mortgages in the world, insuring over 34 million properties since its inception in 1934.

FHA does not make loans. Rather, it insures loans made by private lenders. The first step in obtaining an FHA loan in California is to contact Elite Mortgage and Financial Services. Second, Elite Mortgage and Financial Services will assess the prospective home buyer for risk. FHA's mortgage insurance programs help low- and moderate-income families become homeowners by lowering some of the costs of their mortgage loans. FHA mortgage insurance also encourages lenders to make loans to otherwise credit-worthy borrowers and projects that might not be able to meet conventional underwriting requirements, protecting the lender against loan default on mortgages.

Any of our friendly and experienced team members can answer an questions you may have regarding FHA Home Loans. We look forward to hearing from you and assisting you in all of your home buying needs.