FHA Loans Are Taking Over US Home Mortgage Market
FHA Loan applications and actual FHA loan closings have more then trippled over the last 2 years. The low down payment FHA Loan program is accounting for more loans then ever before in the loan industry nationwide. San Diego, California is one one the top 10 hardest hit counties in the nations housing market, but Broker and CEO of SD County Financial - www.SDCountyFinancial.com , Mark Revetta, reports that his San Diego FHA Loan corporation is closing San Diego FHA Loans in record volumes. Mark also states, “Since the San Diego FHA Loan limits increased and housing prices dropped his coporate website, www.SDCountyFinancial.com has received more and more activity with every passing month.” The nations experts have reported FHA loans nationwide has trippled and Mark Revetta confirms “www.SDCountyFinancial.com has seen this same rate of activity in online application volume.”
While Conventional Loans have increased down payment requirements, FHA Loans still only require 3.5% of sales price down payment and this down payment can be a gift as well. “The San Diego FHA Loan credit score requirement is 620 or above,” Mark says, “which makes San Diego FHA Loans affordible for more first time buyers, as well as home owners wishing to take advantage of lower rates, low home prices, and move up to their next house.” When asked about San Diego’s specific housing market, Mark Revetta projects, “Based on the activity through the internet on www.SDCountyFinancial.com , low mortgage interest rates, and lower housing prices in Southern California, I can only see the volume of San Diego FHA Loans and the amount of applications being submitted at www.SDCountyFinancial.com increaseing in the coming years.”
The FHA loan is considered by most to be the safest way to buy a home as a consumer and the most vialbe way for the Government to lend mortgage money.
For more information with regrads to FHA Loans in your area, please visit the HUD / FHA website. For San Diego FHA Loans, please visit www.SDCountyFinancial.com for San Diego FHA Loan limits and product guidelines.
- Contact Information
- Mark Revetta
- Broker / CEO
- SD County Financial, Inc,
- Contact via E-mail
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