East Bay FHA

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Welcome to East Bay FHA, a Direct FHA Lender

East Bay FHA is a pioneer when it comes to doing Government loans. Whether you are a first time home buyer or a long time investor, let East Bay FHA design a loan that is tailor made for you. We combine years of experience, latest technology, and high level customer service to each and everyone of our satisfied clients. Each loan is customized EXACTLY to the specifications that YOU the borrower have requested.

Simply put, you choose your Rate...you choose your Fees...It’s that easy.

Just fill out an easy online application, or give us a call to speak directly to a Loan Officer with East Bay FHA. We will go over your exact goals & expectations, and within 1 hour we will let you know if it will work.

Now sometimes the Home Owner may have unrealistic goals..."I just saw on TV that rates are 2.5%"...we show you exactly what we see, on request we will forward a RateSheet over to you and if the rate that you are looking for is not on there NO PROBLEM, we will text message, email or call you (You Tell Us Your Preferred Method of Contact) when that rate is available/achievable.

WE LOOK FORWARD TO SPEAKING WITH YOU REAL SOON!!!

Recent FHA News

President's Economic Growth Package Increase Eligibility for FHA-Insured Mortgages

21 Nov 2009 10:59:14 Z

PRESIDENT'S ECONOMIC GROWTH PACKAGE TO MAKE NEARLY A QUARTER OF A MILLION FAMILIES ELIGIBLE FOR FHA-INSURED MORTGAGES

Californians to Benefit from Higher Mortgage Limits

21 Nov 2009 10:59:14 Z

HUD SECRETARY: TENS OF THOUSANDS OF CALIFORNIANS COULD BENEFIT FROM HIGHER GOVERNMENT-INSURED MORTGAGE LIMIT.

Thousands of Californians Could Benefit from Higher Mortgage Limits

21 Nov 2009 10:59:14 Z

HUD SECRETARY: TENS OF THOUSANDS OF CALIFORNIANS COULD BENEFIT FROM HIGHER GOVERNMENT-INSURED MORTGAGE LIMITS

Texans to Benefit from Affordable Government Approved Mortgage Plan

21 Nov 2009 10:59:14 Z

THOUSANDS OF TEXANS TO BENEFIT FROM AFFORDABLE, GOVERNMENT APPROVED MORTGAGE PLAN

FHA

Government loan programs

FHA loans

An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lenders protection through mortgage insurance (MIP) in case the borrower defaults on his or her loan obligations. Available to all buyers, FHA loan programs are designed to help creditworthy low-income and moderate-income families who do not meet requirements for conventional loans.

FHA loan programs are particularly beneficial to those buyers with less available cash. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.

Some of the other benefits of FHA financing:

Only a 3.5% down payment is required.
Closing costs can be financed.
Lower monthly mortgage insurance premiums and, under certain conditions, automatic cancellation of the premium.
More flexible underwriting criteria than conventional loans
FHA limits the amount lenders can charge for some closing cost fees (e.g. the origination fee can be no more than 1% of mortgage).
Loans are assumable to qualified buyers.

Conventional

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VA / CAL Pers

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