Great News for San Diego Homebuyers!
FHA:
Maximum loan amount $697,500;
3% down;
30 Year Fixed rate in the low 6% range;
Seller can pay all closing costs;
Condominiums: easy approval, cannot be FHA rejected;
Non-occupant co-borrowers (must be related) can help with down payment and qualifying. Employer bonus can be used;
Lower MI than Conventional Loan (lower payment);
2 Year old Bankruptcies OK;
Easier qualifying standards;
FHA DOES NOT require seller to pay any of the buyer’s closing costs;
95% cash-out refinancing available;
Approved loans can be funded as fast or faster than conventional loans;
Termite Section I and II is not required unless requested by buyer, seller or appraiser;
SAN DIEGO FUNDING IS AN APPROVED DIRECT LENDER FOR FHA & VA LOANS.
For over 25 years we’ve processed and closed 1000’s of
FHA and VA loans. We have the expertise to ensure you and your clients with an easy and on-time closing.