FHA Loans California — Resolution Equity
FHA Loans
Government-backed financing with low down payments and flexible credit requirements — ideal for first-time homebuyers.
Key Benefits
- Down payment as low as 3.5%
- Credit scores as low as 580 may qualify
- Higher debt-to-income ratios accepted
- Gift funds allowed for down payment
- Available for 1–4 unit properties
- Competitive interest rates
- Streamline refinance option available
- Seller can contribute up to 6% toward closing costs
About FHA Loans
FHA loans are insured by the Federal Housing Administration and are designed to help borrowers with lower credit scores or limited savings achieve homeownership. With a down payment as low as 3.5% and more lenient qualification standards, FHA loans open the door for many California buyers who may not qualify for conventional financing.
FHA Mortgage Insurance
FHA loans require an upfront mortgage insurance premium (UFMIP) of 1.75% of the loan amount, plus an annual MIP paid monthly. Unlike conventional PMI, FHA MIP typically remains for the life of the loan if your down payment is less than 10%.
Property Requirements
The property must meet FHA minimum property standards and be your primary residence. An FHA-approved appraiser will evaluate the home for safety, security, and soundness.
Non-Affiliation Disclosure
Resolution Equity is not affiliated with the U.S. Department of Housing and Urban Development (HUD) or the Federal Housing Administration. FHA loan products are offered through approved lenders subject to program guidelines.
Questions About FHA Loans?
Our licensed team in Temecula is ready to walk you through your options and get you pre-qualified fast.