FHA Home Loan

Welcome to the 1st Continental Mortgage FHA home loan program options. We're very excited that you've elected to give consideration to the very real and many benefits the FHA home loan has to offer the average homeowner and home buyer.

Did you know, the FHA home loan provides more security to homeowners than ANY other mortgage program today. In cases of financial difficulty, you have a higher probability of NOT losing your home if you have an FHA home loan Vs. having a conventional or Sub-Prime mortgage loan. Plus, all FHA home loans are FULLY assumable, adding one more layer of protection for you and your family!

The fact is, there are a wide range for FHA home loans available to qualified applicants. The real truth is, these programs do not consider your credit score. Many people find this very difficult to believe, but it is in fact dictated by the Government that credit scores cannot be considered during underwriting, Only credit quality. This gives consumers who might not otherwise have an opportunity at a low fixed interest rate mortgage, ample opportunity to succeed and it is one of the biggest benefits that many FHA home loans offer to people just like you.

The FHA home loan programs vary, and to learn more, simply select the FHA loan product type that interest you from the main navigation menu, or use the links in our brief overview below:

• Using the FHA home loan to purchase a home is really no different that a conventional loan. There are some additional documentation requirements, but these are actually blown out of proportion to discourage the loss of business by those Lenders who can't actually originate the FHA program and want to push you into a conventional mortgage loan program or Sub-Prime bad credit mortgage.
• Refinancing an existing FHA home loan is actually called a streamline refinance. However, streamline only applies to properties in which you are refinancing your home for rate and term improvement only. If taking cash out, our refinancing with an FHA home loan you will have to go through traditional qualifying processes.
• Amazingly enough, you can finance mobile home and land with the FHA home loan program. In some instances, you can get up to 97% loan-to-value and much, much, much lower rates than you will get through any other loan program available today!
• The reverse mortgage program is designed for Seniors who are wanting either to cash-out their equity in their home, or create a monthly income stream to supplement their income. In both cases, you make NO monthly payments and it's back by the Federal Government!
• The FHA 203K Mortgage program is perfect for that "Fixer Upper" house you want to buy. The one that's perfect for you, in the perfect location, but just needs some renovation!
• For those can't qualify for the traditional FHA underwriting standards, 1st Continental Mortgage offers our Exclusive FHA Credit Flex program. This program was developed to help qualified applicants in qualified communities to buy today. If your credit has been recently beat up, this FHA home loan program could be the perfect alternative to those high risk, high default rate sub prime loans.

As you can see, our program diversity is uniquely ours. We serve a broad range of clients across the country and it goes without saying; Whether you have outstanding credit, or credit challenges, the FHA home loan programs offer homeowners and home buyers alike, unmatched benefits with exceptionally competitive rates. Give us call today!