Federal Housing Administration (FHA) Direct Loans:
FHA mortgages are loans that are insured by the FHA for 1-4 family homes. Loan limits set by the FHA vary by area. FHA Direct Loans aim to allow first time homebuyers to obtain a mortgage. There are various benefits to obtaining an FHA loan, including minimums of as little as 3% as a down payment, a portion of which may be a gift from a relative. Additionally, closing costs can be paid through the seller with a contribution of up to 6% of the purchase price.

As a direct-endorsed FHA lender, Homebridge uses common sense underwriting while following FHA guidelines to evaluate each purchase and refinance on an individual basis. Clients currently holding an FHA loan may qualify for an FHA Streamline refinancing, requiring only minimal paperwork.