Home Loans Arizona - California - Nevada - Utah

The CalHFA FHA program is an FHA-insured loan featuring a CalHFA fixed interest rate first mortgage which servers San Bernardino. This loan is fully amortized for a thirty (30) year term and can be combined with either the MyHome Assistance Program (MyHome) or School Teacher and Employee Assistance Program (School Program). 



CAFHA Home Loan Benefits:

• Works for San Bernardino 1st Time Home Buyers
• 3.5% Down Payment
• Lower Rates / Easier Qualifying
• Low Credit Scores / Alt Credit OK
• Down Payment Assistance
• Gifts Allowed
• Higher Debt to Income Allowed
• Co -Borrowers Allowed
• Streamline Refinance Available

San Bernardino CA FHA Purchase home loans borrower requirements:

• Must have a minimum credit score of 660 for conventional low income rate loans and 680 for conventional standard rate loans
• Debt-to-income ratio can’t exceed 45 percent or automated underwriting or 43 percent for manual underwriting
• Must meet CalHFA’s income limits based on your specific area
• In most instances, must be a first-time homebuyer and a U.S. citizen, permanent resident or qualified alien
• Must attend a home buying counseling course and present a certificate of completion
• Must meet any additional loan requirements of your CalHFA-approved lender and the mortgage insurer

San Bernardino Property requirements

• Sales price can’t exceed $765,000
• Property must be located within California and used as a primary residence until it’s refinanced or sold
• Must be a single-family, one-unit home
• Some condos, accessory dwelling units (guest houses and in-law quarters, for example), and manufactured homes are permitted
• Land trusts and leaseholds aren’t eligible
• Maximum lot size of 5 acres

Call now to get started on your CA FHA purchase home loan in San Bernardino.