There are a lot of potential homeowners that assume erroneously that they need to be U.S. Citizens to get a mortgage loan to purchase a house in the United States. And there are others that believe that yes they can get a home loan as a non-permanent resident, but they would have to put a very large down payment down. Both of these beliefs are false. As long as you have a social security number and are eligible to work in the United States, you may likely be able to qualify for a 3.5% down payment FHA loan to purchase your primary residence.
A quick review of highlights of FHA home loans:
- only 3.5% down require and that can be a gift from a relative or lifelong relationship
- you do not need perfect credit
- flexible underwriting guidelines
- 30 year fixed rate mortgages that are still at historic lows
- low amounts all the way up to $729,000 in California
Warm Regards,
Rob Chomentowski
Sr. Loan Officer and FHA specialist
858-922-7899
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