A FHA loan is an EXCELLENT way for buyers who don't have a lot of cash for a down payment to purchase a home! FHA loans aren't loans with any particular Lange - the loan is simply INSURED by the Federal Housing Authority, so the Langes don't lose any money if the buyer defaults on their loan. That's why you can get a FHA loan for 96.5% of the appraised value of your home at a 5% fixed interest rate for 30 years. Check with your lender to see if you're qualified! FHA loans go up to $625,000 for a single residence (a house or a condo) in Orange County.
FHA loans can be obtained at many regular lenders - go to www.HUD.gov for more information, or click http://www.hud.gov/ll/code/llslcrit.cfm to see the FHA approved lenders in your area.
FHA has updated their guidelines
since I copied the above data, and FHA now requires a 3.5% down payment (plus
When you buy your next home with us, we give you 1% of the sales price of your home CASH BACK, so that covers closings costs or some of your down payment!
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Mark L!nzmeier & Terri Lange, Real Estate Brokers
Bright Skies Real Estate & Property Management
TERRI'S CELL: (949) 697-2246
MARK'S CELL: (949) 525-3288
E-MAIL: Click here to email
Sell your home at a discount real estate commission! At Bright Skies, we give cash back to our buyers and low cost real estate services, saving you money in the South Orange County communities of Coto de Caza, Dove Canyon, Rancho Santa Margarita, Ladera Ranch, Wagon Wheel, Mission Viejo, Lake Forest. Flat fee discounted real estate commissions! Virtual tours. Beautiful color flyers and floor plans. Posting your home on all the real estate home web-sites. Plus, we save you even more money with discounted services!
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