FHA Loans

FHA Loans Breakdown:

The easiest way for first-time and move-up buyers to own in today’s market.

  • Super Low Down Payment: Just 3.5% down (as low as $35k on a $1M home) — way easier than conventional loans for first-time buyers or those with limited savings.

  • Flexible Credit: Approve scores as low as 580 (with 3.5% down) or even 500 (with 10% down) — perfect if life’s thrown some curveballs.

  • No Income Limits: Anyone can use FHA, from teachers to tech execs — and it works great for fixer-uppers with the 203(k) renovation loan option.

  • Gift Funds Allowed: Mom, Dad, or a friend can gift your full down payment (no repayment needed) — common for San Diego families helping kids buy in.

FHA Loan FAQ's

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Who qualifies for an FHA loan in San Diego?

Most first-time buyers, including those with credit scores as low as 580 and just 3.5% down. No income limits, and gift funds count toward your down payment. If you’re in a situation stretched thin on savings, FHA is often your best shot.

What are the downsides of FHA loans?

You’ll pay upfront and annual mortgage insurance (about 0.55% of the loan yearly). It’s a small trade-off for the low entry barrier. I’ll show you how it pencils out vs. conventional financing.

Can I use FHA for investment properties or second homes?

FHA is strictly for your primary residence (you must live there for at least a year). For rentals or vacation homes, we’d switch to conventional or jumbo. But for your San Diego starter home? FHA gets you in the door fast. What’s your timeline?

If I’m self-employed, how do I prove my income?

FHA buyers generally use just two years of tax returns and a current year to date profit and loss statement.

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