Westlake Village, CA FHA Home Mortgage Rates
Home mortgage rates have been on the minds of many homeowners over the last several years. With 30 year fixed rates very close to all time lows now might be the time to consider refinancing a home loan. First time home buyers can also benefit from low interest rates as they will pay much less for their home over the course of the next three decades. When looking for the lowest Westlake Village, California home mortgage rates look not further than ABLEnding. We are a full service mortgage brokerage that can find you the lowest possible mortgage rates in southern California. Get much more information at our California FHA Home Mortgage loan resource.
To get current mortgage rates check out our rates page. Note that these are weekly mortgage rates. If you want an exact quote for today contact us at (855) 214-0503. When it comes to getting an FHA mortgage refinance or FHA home loan in general remember there are a few guidelines that need to be address. The Federal Housing Administration (FHA) is the largest home loan insurer in the world. Approximately 30% of home loans are FHA mortgages.
FHA home mortgage loans are great for those in Westlake Village, California who are first time home buyers, have a low credit score and/or clients that want to make a low down payment on a home. The reason this is the case is because it is often easier to quality for an FHA mortgage loan because the FHA guarantees the loan for the lender by using mortgage insurance. If private mortgage insurance (PMI) is confusing calls us today as we can explain it in greater detail.
FHA Home Loan Limits
The FHA limits the amount of money you can borrow for a home loan in each of the counties in California. The amounts range from as low as $271,050 to as high as $625,500 for a single family home. To get all the loan limits in the state of California go to our page on California FHA Loan Limits County by County.
When determining if you should apply for a conventional home mortgage or an FHA home mortgage we strongly you suggest contacting us today so we can explain the pros and cons of each type of mortgage. Some will tell you that you should take a conventional home mortgage if you qualify but allow our staff to make a professional assessment of your current financial condition before making a final decision. We will do our best to help you save as much money as possible on a monthly mortgage payment.