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FHA Loans

Starting at 500 FICO w/ Higher Debt-to-Income Thresholds

Whether you're purchasing or refinancing, My Mortgage Lawyer utilizes its 90-lender network and Tier 1, WHOLESALE pricing to find you the very rates and fees in the country. Moreover, as an attorney, My Mortgage Lawyer's founder, Cameron Oxberry, forms a fiduciary relationship with each client so you know you're receiving the very best advice and service in the industry.

 

FHA FAQ's

 

FHA loans receive backing from the Federal Housing Administration, making them a less risky proposition for mortgage lenders. This support enables lenders to offer these loans with much lower interest rates, lower down payment minimums, starting at 500 FICO, with higher debt-to-income ratio thresholds.

 

Designed for individuals with low-to-moderate income who face challenges making substantial down payments, FHA loans permit borrowers to borrow up to 96.5% of the home's value. The 3.5% down payment requirement can be fulfilled through a gift or grant, making FHA loans particularly attractive to first-time homebuyers.

 

Those with low credit scores or seeking a minimal down payment option may find eligibility for an FHA loan. These loans serve the dual purpose of facilitating home purchases or refinancing existing mortgages. FHA loans enable homebuyers to secure a home with a lower down payment compared to conventional loans. Additionally, a streamline refinance option allows borrowers to refinance their current mortgage, reducing monthly payments with less documentation than traditional loans.

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Cameron Oxberry, Esq., LL.M.

Founder

NMLS: 19744858

CA DRE: 02116240

CA Bar: 338819

 

Office/Text: 858-779-0151

Fax: 949-771-2561

heloc home equity loan, commercial lending, dscr, non-qm, prime low fico itin, va loan, conventional loans, Jumbo loans
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heloc home equity loan, commercial lending, dscr, non-qm, prime low fico itin, va loan, conventional loans, Jumbo loans

NMLS: 1566096

CA DRE: 02022356

Address: 24 Executive Park, Ste 250, Irvine, CA 92614

heloc home equity loan, commercial lending, dscr, non-qm, prime low fico itin, va loan, conventional loans, Jumbo loans
heloc home equity loan, commercial lending, dscr, non-qm, prime low fico itin, va loan, conventional loans, Jumbo loans
heloc home equity loan, commercial lending, dscr, non-qm, prime low fico itin, va loan, conventional loans, Jumbo loans

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