FHA Loans Can Be A Great Option, But Find Out If It's Right For You

We'll Also Tell You How Much Home You Can Afford!

In a matter of days we were approved for an FHA loan
She gave me back the confidence that I had lost with all the other lenders and made this whole process so easy for us.

Luckily we found Julie
She simply would not take "no" for an answer from FHA and our prior bank and was very persistent in getting our loan approved.

I’ve used Julie’s services twice
...for FHA streamline refinance and refinance to covert my loan to conventional. She's on top of things and very understanding.

Brenda R Yelp Profile
Julie was a breath of fresh air. She’s smart, experienced, easy to communicate with
If you're in the market for a mortgage broker... seriously, look no further

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My hubby and I worked with Julie to purchase our first home and it was awesome
We actually screened a bunch of lenders before we decided to work with Julie, and we are really happy we did the research. Julie kept the process simple for us.    

THANK YOU JULIE AND TEAM for everything!
Julie not only gave us a great new rate, lower monthly payment but also the confidence that we were in great hands.

Julie is a ROCKSTAR!!!
This has been a positive experience from day one. Julie walked us through the process and was extremely communicative!

FHA Loans and Mortgage Info

Approximately 40% of all home loans in the US are through the Federal Housing Administration (FHA). FHA Loans are some of the easiest types of mortgage loans to qualify for because they require a low down payment and the borrower can have less-than-perfect credit.

2019 FHA Loan Requirements:

  • 500 to 579 FICO score requirement* and 10% down payment
    OR
    580 or above FICO score requirement with least a 3.5% downpayment
  • An appraisal must be done by an FHA approved appraiser
  • Mortgage insurance (MIP) usually around 0.85 percent of the loan amount annually
  • Steady employment with proven income with recent tax returns, W2’s, and paycheck stubs
  • Two years of employment at the same company
  • Must occupy the home as primary residence
  • At least 18 years of age

FHA Loan Advantages:

  • They are very popular for first-time home buyers because of their flexible qualifying guidelines and low down payments
  • Borrowers with credit scores as low as 500 can qualify for an FHA loan
  • Lower income borrowers are able to get approved for a home loan through the FHA due to the FHA allowing lenders more flexibility on debt to income ratios than conventional mortgages
  • Lower interest rates when compared with conventional loans, which can result in large net savings over the lifetime of a loan

Disadvantages:

  • Lower loan limits
  • Homes that need renovations do not qualify
  • Mortgage insurance is required and Mortgage insurance costs are higher upfront
  • More required paperwork

Also, take a look at FHA loan questions from other borrowers that we’ve helped. Hope this info helps and don’t forget, we’re here to help if you have any more questions.

This is Julie's signature!

PS Check out our simple eval process where you can choose whether you want to: get real rates specific for your scenario (beware of teaser rates!), see how much home you can afford, get pre-approved, or quickly submit your contact info so we can get back in touch.


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312 Arizona Ave, Santa Monica, CA 90401
(310) 340-6606

Inland Empire Expansion in Riverside (92501)
(909) 766-9997

julie@juliearagon.com julie@juliearagon.com call (310) 491-5958 (310) 491-5958

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The Turnkey Foundation, Inc. d/b/a Arbor Financial Group is an Equal Housing Lender. In all jurisdictions, the principal {NMLS: 236669} licensed location is 2932 Daimler Street, Santa Ana, CA, 92705. {Julie Aragon MLO #250691}