FHA Home Loan Questions

What is the FHA?

• FHA stands for the Federal Housing Administration.  It was created in 1934 to help Americans get into homes.

• An FHA insured mortgage is easy to qualify for, can be obtained with less than perfect credit, costs less and requires a smaller down-payment.

• A great source for FHA forms and information is available here.

• The loan limit across the country is different.  Click here to see limits in your area.

• Yes, however be sure to check the pre-payment section of your contract before signing.

• Yes, through the Energy Efficient Mortgages Program you can finance 100 percent of the cost of making your home more energy efficient. 

• Yes, the recently created FHASecure is one of the ways that we can help you refinance your current home loan. 

• Yes.  Contact Rich today to see if refinancing makes sense for you.

• The recommended debt-to-income ratio for a FHA loan ranges from 30% to 50%.

• Absolutely, you can assume an existing FHA loan or allow a buyer to assume yours.

• Yes, in fact FHA mortgages often require you to carry mortgage insurance for longer than most conventional loans.

• Yes, however you might be required to fix certain problems in the home before you can get the full loan.  

For updated FHA guideline information please contact Rich Conley directly at 951.588.LOAN.

Contact Information
Rich Conley - Loan Officer 
Direct Line: 951.588.LOAN
Rich@RichConley.com
NMLS 334659 - DRE 01837830


Corporate Office
Constant Funding, Inc.
22994 El Toro Rd.
Lake Forest, Ca. 92630
Office: 949.472.4228
NMLS 329132 - DRE 01426508