– Pasadena VA Loans and FHA Home Mortgage Loans – VanDyk Mortgage – California VA Lender & FHA Lender. VanDyk Mortgage is your source for VA Loans. Is an FHA loan right for you? – and about 1 in 6 new home loans is backed by the FHA, according to Ellie Mae, a California.
Fha Loan Homeowners Insurance Requirements In addition, there is an upfront mortgage insurance premium (UFMIP) required for FHA loans equal to 1.75% of the loan amount. FHA streamline refinance program: Could you be paying less?
About one-quarter of mortgage loans originated in California are FHA, according to a 2016 FHA annual report (the most recent report covering this data). To qualify for an FHA loan, you’ll need to satisfy minimum credit scores and fulfill income and other requirements, some of which may be added as "overlays" by lenders offering the loans.
Among markets with a population of 1 million or more, those with the highest share of buyers using FHA loans in the first six months of 2015 were Riverside-San Bernardino-Ontario in inland Southern.