FHA Loans

What is a FHA Loan?

A FHA Loan is a loan used for either purchase or refinance that is insured by the Federal Housing Administration. FHA loans tend to have lower interest rates, but higher upfront costs associated with the loan. They have down payment requirements as low as 3.5%. FHA loans tend to have more lenient guidelines than conventional, such as lower credit score requirements and shorter seasoning periods on derogatory credit events (Bankruptcies, Foreclosures, Etc.).

FHA Loan Limits

The nationwide loan limit is $275,665. However, different counties have different limits on how much you can borrow for a FHA Loan. San Diego County has a loan limit of $612,950.

Get Pre-Approved for a FHA Loan

If you are a first time home buyer, in the market to purchase, or simply seeking to refinance into a FHA loan La Mesa, El Cajon, Alpine CA, Mt. Helix, greater San Diego or anywhere in the state of California, contact Craft Home Loans at (619) 867-0975 for more information, or fill out the form on this page.