Shane Direct: (949) 322-3616 | Brian & Nichole: (949) 202-5332

If you are a first-time homebuyer or a repeat homebuyer without an ideal credit score, or with a limited down payment, an FHA loan may be the best option for you.


What are FHA Loans?

FHA mortgages are backed by the Federal Housing Administration (FHA). With the FHA insuring your loan, the risk associated with lending to you decreases. This qualifies you for affordable mortgage rates and favorable terms.

The FHA loan program is nationwide. So no matter where you are located, you may qualify for an FHA mortgage.

FHA Loans Bring You These Benefits

These are some of the advantages of FHA mortgages:

FHA loans have flexible qualification requirements. Neither your credit score nor your debt-to-income (DTI) ratio need to be perfect in order to be eligible for all the benefits of FHA financing.

You may choose whether you would like a fixed or adjustable mortgage rate for an FHA loan. Interest rates for FHA mortgages are much lower than conventional loans.

Down payments for FHA loans can be as low as 3.5% for those who have credit scores of 580 and above.

If you take out an FHA loan, you will pay low closing costs, if any. The seller frequently covers the closing costs for this type of loan.

An FHA mortgage can be used for home purchase, refinancing, upgrades, or repairs.

Do You Qualify for an FHA Loan?

The FHA loan program is targeted toward first time homebuyers. But you do not need to be purchasing your first home to be eligible for an FHA loan. These are the requirements that you do need to meet:

As previously discussed, to qualify for an FHA purchase with 3.5% down, your credit score must be a minimum of 580. Or if your score is between 500 and 579 you are required to put 10% down.

You may qualify for an FHA mortgage with a DTI as high at 56.9%.

Two years of continuous employment are required at a minimum. These need to be the most recent two years before submitting your application. There are some exceptions to this such as leave for medical reasons or just graduating from college.

A clear credit alert interactive voice response system (CAIVRS) report is required (we will obtain this for you).

FHA mortgages are available only for primary residences, not for second homes or vacation homes.

A bankruptcy or foreclosure will not automatically disqualify you for an FHA loan.

Note that with an FHA loan, you will be required to have private mortgage insurance (PMI). But through our Lender for Life guarantee program, you can refinance with no fees in the future to a conventional mortgage with no PMI.

What Our Clients Are Saying

Brianna Thierfelder
Brianna Thierfelder
05:08 18 Jan 20
Brian and Nichole were awesome to work with. We got the best rates on our fixed mortgage (others tried to beat it, but couldn't), closed on time (within a month), and they were available and quickly responded to any questions we had. We received weekly updates on our loan status, as well. They truly go above and beyond and are genuinely wonderful people. We felt like they did everything they could in our best interest and make the process go so smoothly, especially for as fast as it went. I highly recommend working with Grand Lending Team and will definitely work with them if we ever refi or buy again.read more
Jenny Roberson
Jenny Roberson
03:42 05 Dec 19
We worked with Nichole for our initial loan on the purchase of our first house and when it was time to refinance, we of course went to Grand Lending! The process was easy and both Nichole and Brian were available to answer any question we had... wonderful experience during what could be a stressful event- would definitely recommend!read more
Casey Mitchnick
Casey Mitchnick
17:00 21 Nov 19
Brian and Nichole VerBurg were professional, kind, and always promptly responded to inquiries. I look forward to working with them again in the future
Azhang Hamlekhan
Azhang Hamlekhan
16:17 22 Oct 19
Brian and Nichole are awesome! They were honest, clear and responsive in every step of my refinance process. I will work with them for my next home loan.
Pyam Ramnes
Pyam Ramnes
03:33 20 Oct 19
It's been an easy and clear process. Both Nichole and Brian are awesome.
Robert Kodama
Robert Kodama
21:36 09 Oct 19
Nichole and her assistant Brian are a dynamic lending duo. I have worked with them on several home and multi unit loans and they have always produced with flying colors. I have received the best rates and the best customer service. Getting a loan can be stressful but they make it smooth and simple. I Just closed on a home recently and they helped make it an enjoyable process. Thanks you two and best of luck!read more
Jason Groel
Jason Groel
16:49 04 Oct 19
My experience with Brain and Nicole couldn’t have been better. We partnered together buying our new home and refinance that loan. In a situation that can be overwhelming Brian and Nicole certainly know how to make everything as streamlined as possible. The best part about working with Brian and Nicole is that they consistently watch your loan to ensure you are getting the best deal. Without them I would not have refinanced and would not be saving over $400 a month. Thanks you Brian and Nicole.read more
E D
E D
20:25 20 Sep 19
Brian is honest, caring and smart. He helped me with my loan and i got an unbeatable rate. Totally satisfied with Grand Lending Team service.
Scott
Scott
23:52 16 Sep 19
A bright light in a dark industry!!!!This is the second mortgage we have done with Brian and Nichole and they are the only ones we would use moving forward. First with the purchase of our home. Nichole was right there at evert step and was very quick to response to any questions we had. Thank you Nichole!!!On our refi, Brian not only got us a better rate then was first presented. Brian and Nichole again had us covered. We never ever had to think "what was happening with our loan?" I would 100% recommend Brian and Nicole and the Grand Lending Team for all of your mortgage needs. They are the only people I trust with my mortgage needs!!!Thanks,Scottread more
Uncle Eddy's Lasagna
Uncle Eddy's Lasagna
20:42 01 Aug 19
As a former corporate real estate executive & broker I ca strongly recommend this group. They handled all aspects of my loan in a very professional manner & brought it to a very successful closing with a great rate & terms.read more
Dorothy Lee-Jenkins
Dorothy Lee-Jenkins
01:57 01 Aug 19
Nichole & Brian did a wonderful job with our re-fi. We highly recommend their services. Very professional and return calls promptly. We would use them again.
Hayden Kracke
Hayden Kracke
19:14 17 Jul 19
Brian and his wife Nichole were on top of everything before they were even asked. I switched to them mid-escrow and they Killed it! They will be the only lender I will use for the rest of my life
Hayden Kracke
Hayden Kracke
19:14 17 Jul 19
Brian and his wife Nichole were on top of everything before they were even asked. I switched to them mid-escrow and they Killed it! They will be the only lender I will use for the rest of my life
ANTHONY GIARRUSSO
ANTHONY GIARRUSSO
14:07 20 Mar 19
I highly recommend, ended up with a great rate on my refi. I got a quote from Chase and these guys beat it by .25%. The process was smooth and easy. I haven’t worked with an easier company, they have the process down.read more
laurie plunkett
laurie plunkett
01:23 12 Mar 19
Nichole is the best and she really knows the business. We have done an initial purchase with her in 2009 and a re-fi in 2016. As anybody knows, it can really be a frustrating process, but not with Nichole. She moves to get you closed quickly and makes everything go smoothly. You will not be disappointed with having Nichole take care of everything for you.read more
Peter Helmuth
Peter Helmuth
19:44 10 Mar 19
I highly recommend Nichole and her team. They did a great job and got us a much better rate than the bank we've been using for over 12 years. We got a mailer from her urging us to compare her rates to our bank and sure enough her rate was better. When we locked the rate it was even a little better than expected and as she promised there were no extra fees involved. I had a great experience and would highly recommend them for your next mortgage.read more
Brett Davis
Brett Davis
20:01 28 Feb 19
The Grand Lending team came through in crunch time and took care of everything they said they would . My life was a lot easier thanks to their hard work and dedication!
Victoria Monroe
Victoria Monroe
03:53 13 Feb 19
Nichole was very helpful and able to get me a loan with a way lower rate than everyone else I talked to. I shopped around with several lenders and I even had one tell me her rate and fees were impossible to get, that it would be changed! I stayed with her and she showed me proof of the locked rate and I was able to close my loan with ease! Her assistant Brian was very informative and helped me along the way. I would highly recommend using this company if you are selling a house, buying a house or just refinancing a loan!read more
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Apply for an FHA Loan Now With the Best Home Loans

If you look forward to buying a home with a down payment as low as 3.5% and making affordable mortgage payments over the lifetime of your loan, apply now for an FHA mortgage. To get started with your application, please call (800) 293-2133. We can connect you with an FHA mortgage in any of the 50 states.

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