FHA Loans

FHA Loan:

FHA mortgage loans are issued by federally qualified lenders and insured by the U.S. Federal Housing Authority, a division of the U.S. Department of Housing and Urban Development.

FHA loans are an attractive option, especially for first-time homeowners:

  • Generally easier to qualify for than conventional loans.
  • Lower down payment requirements, normally 3.5%.
  • Cannot exceed statutory loan limits.
  • The down payment and closing costs can be 100% gift.
  • Credit scores are easier to qualify.
  • 30 year fixed rates loans with no pre-payment penalites and fully assumable.

Futura Financial Inc. is a sponsored lender that can close loans in California.  We are very close to the following cities:  Covina, West Covina, Glendora, San Dimas, La Verne, Claremont, Pomona, Diamond Bar, Walnut, Baldwin Park and La Puente.