Somerset Investors Corp. Mortgage Refinance, Reverse Mortage, Home Loan
  Purchase Refinance Reverse Mortgage Divorce Buyouts Debt Consolidation Home Improvement
Search Somerset:
Print this page    E-mail this page

Call Now

(800) 675-9783

Free Rate Quote

800-675.9783

FHA Loans

FHA loans differ from conventional loans in a number of ways. The down payment required for a FHA-insured loan, is usually much lower than for conventional loans. FHA loans also have lower credit requirements than conventional loans, making them more available to a wider range of potential homebuyers.

FHA loans offer borrowers several other valuable benefits, not least of which is those aforementioned smaller down payments. Unlike a conventional loan, which ordinarily requires 10-20% down, FHA-insured loans only require down payments as low as 3.5-5%

The FHA is also more flexible in calculating factors to determine whether or not to approve the loan factors such as household income and repayment ratios.

Local FHA Loan directory for CA :
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Acampo Alpaugh Annapolis Artesia
Acton Alpine Antelope Artois
Adelanto Alta Antioch Arvin
Adin Altadena Anza Atascadero
Agoura Hills Altaville Apple Valley Atherton
Aguanga Alturas Applegate Atwater
Ahwahnee Alviso Aptos Atwood
Alameda Amador City Arbuckle Auberry
Alamo Amboy Arcadia Auburn
Albany American Canyon Arcata Avalon
Albion Anaheim Armona Avenal
Alderpoint Anderson Arnold Avery
Alhambra Angels Camp Aromas Avila Beach
Aliso Viejo Angelus Oaks Arroyo Grande Azusa
Alleghany Angwin

Return to our fha loans page

Call for COMPLETE details NOW!

(800) 675-9783

California News
Fess Parker, idol of baby boomers as Davy Crockett, dies in California at 85

In this March 5, 2004 file photo, actor Fess Parker, who starred in "Davy Crockett" and "Daniel Boone", unveils a 180-year-old Kentucky long rifle as he presents it to the Alamo for its collection at the Alamo in San Antonio.


California Bills Taxpayers $2mil For Travel Expenses Of Lawmakers

California lawmakers charged taxpayers for airfare totaling $2 million over a recent 2A1 2-year period, but the Legislature, citing security concerns, won't disclose the destinations or produce proof that all the trips were for official state business.


Immigrants heading to Washington from across the country to rally for immigration reform

Day laborers on foot from Long Island and Californians who sold tamales to pay for their trip are expected to rally on Sunday with tens of thousands of immigrants, many of them undocumented Hispanics, in Washington, D.C., to dramatize their pleas for immigration reform.


Calif. considers mandating condoms for porn actors

In a hearing Thursday, the California Occupational Safety and Health Standards Board will hear testimony from the Los Angeles-based AIDS Healthcare Foundation.


Calif. state parks would be smoke-free (mostly) if Legislature passes landmark bill

California lawmakers on Thursday will consider what is believed to be the nation's most far-reaching smoking ban in state parks as a way to get unsightly cigarette butts off the beach, eliminate second-hand smoke and reduce the threat of wildfires.


Hooters employees sue over work, wage violations

Three dozen current and former Hooters workers are suing over work and wage violations, saying they were forced to buy their own uniforms and work without pay.


Calif. politics has short sellers facing big bills

Thousands of Californians who sold their homes in short sales or modified their mortgages last year are facing the prospect of huge state tax liabilities.


Coast Guard station commander relieved of duty

The commanding officer of the Coast Guard Air Station in Sacramento has been temporarily relieved of duty, the Coast Guard announced Tuesday, five months after several crewmen died in a collision between one of the station's aircraft and a Marine Corps helicopter.


Number of Californians without health plans soars

Nearly one in four Californians under age 65 lacked health insurance during all or part of last year, well above the latest national average, in a trend fueled by shrinking coverage due to mounting job layoffs, a new study on Tuesday found.


Leonard Pitts Jr.: Why Saying 'I Am Gay' Can Be So Difficult

Three little words. That's what keeps bringing us back to this intersection of low comedy and pathos.


State prison numbers drop for 1st time since 1972

Spurred by budget crises, California and Michigan together reduced their prison populations by more than 7,500 last year, contributing to what a new report says is the first nationwide decline in the number of state inmates since 1972.The overall drop was slight, according to the Pew Center on the States - just 0.4 percent - but its report suggests ...


Calif prison receiver seeks release of ill inmates

The federal receiver who runs California's prison health care system said Tuesday he will ask state lawmakers to approve four bills to control spiraling costs including proposals to restrict prisons' use of prescription drugs and outside medical specialists and to parole the sickest and costliest inmates.


Calif. lawmakers to receive JFK Courage award

Four California lawmakers who led a bipartisan effort to solve the state's budget crisis have been named to receive the annual John F. Kennedy Profile in Courage Award.


Teachers to receive pink slips

California's budget crisis could cost nearly 22,000 teachers their jobs this year.


Magnitude-4.4 earthquake shakes Southern California

An earthquake east of downtown Los Angeles rippled across Southern California before dawn Tuesday, jolting millions of people awake and putting first-responders on alert.


UCLA Study: Nearly 1 In 4 Californians Uninsured

Required fields are marked with an asterisk The information you provide will be used only to send the requested e-mail and will not be used to send any other e-mail communications.


Calif. Pension Fund Seeks To Boost Its Influence By Associated Press

Lifting the number of proposals its board can file each year means the fund's influence is likely to grow among publicly traded companies.


Gov. seat a target of state GOP

California Republicans are leaving their weekend gathering enthusiastic about their prospects for retaining the governor's seat and replacing their most reviled target, three-term Democratic Sen.


Runaway Prius story 'not feasible'

Tests on a runaway Toyota Prius car in California have been unable to replicate the uncontrollable acceleration reported by its driver.


GOP Debate Monday Night

Arnold Schwarzenegger are facing off in their first debate Monday. State Insurance Commissioner Steve Poizner and former eBay CEO Meg Whitman will tangle in Costa Mesa in an hour-long event sponsored by a local Republican group.


Save time with our easy online mortgage application.
With Somerset's many FHA home loan programs, owning your dream home is more than just a dream.
Free Rate Quote
 
"...I was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.
© 2006 Somerset Investors Corp. All rights reserved.
Home | Mortgage Glossary | About Us | Mortgage Blog | Contact Us | Privacy Policy | State Licensing | Search | Links | Link to us | Site Map
Mortgage Calculators | Refinance | Purchase | FHA | Reverse Mortgage | Divorce Buyout | Debt Consolidation | Testimonials | Employee | Top 100 Mortgage Companies
Equal Housing Lender Member of the Better Business Bureau (BBB) Member of the National Reverse Mortgage Lenders Association (NRMLA) ADD YOUR SITE, BOOST YOUR TRAFFIC. Alexa Traffic Ranking
 
close