# Mortgage Basics

FHA Loans

In 1934, the Federal Housing Administration (FHA) was established to improve housing standards and to provide an adequate home financing system with mortgage insurance. Now families that may have otherwise been excluded from the housing market could finally buy their dream home.

FHA does not make home loans, it insures a loan; should a homebuyer default, the lender is paid from the insurance fund.

  • Buy a house with as little as 3.5% down.
  • Ideal for the first-time homebuyers unable to make larger down payments.
  • The right mortgage solution for those who may not qualify for a conventional loan.
  • Down payment assistance programs can be added to an FHA Loan for additional down payment and/or closing cost savings.
Up to
95%
LTV - Purchase
FHA Streamline
LTV - Rate & Term
95%
LTV - CASH OUT
30
Year Fixed
IO Options
County limit
Price range

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# Apply For FHA

FHA Loans vs. Conventional Home Loans?

The main difference between an FHA Loan and a Conventional Home Loan is that an FHA loan requires a lower down payment, and the credit qualifying criteria for a borrower is not as strict. This allows those without a credit history, or with minor credit problems to buy a home. FHA requires a reasonable explanation of any derogatory items, but will use common sense credit underwriting. Some borrowers, with extenuating circumstances surrounding bankruptcy, discharged 3-years ago, can work around past credit problems. However, conventional financing relies heavily upon credit scoring, a rating given by a credit bureau such as Experian, Trans-Union, or Equifax. If your score is below the minimum standard, you may not qualify.

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(866) 382-1466

Testimonials

"Ashley was very helpful and was very pleasant to deal with!"
"Kristin was hands down the most dedicated and hard-working loan specialist I have ever witnessed. I have closed over 10 loans in the last 3 years, and Kristin was hands down the most experienced, knowledgeable and dedicated person I have ever seen. I personally had a pair
"Ziona fue de mucha ayuda para que yo cumpliera mi sueño de ser propietario de casa ella estuvo siempre al pendiente de todo de verdad estoy muy agradecido con ella 100% profesional y comprometida. Muchas Gracias."
"Tyler did an amazing job for me and my family make the process so easy for us we about to close and he help us a lot."
"I am happy to say, my lender Ziona did a wonderful job assisting us, throughout the whole loan process. I highly recommend Ziona, for any future home purchases."
"Kristin Howard is absolutely best !!!!!!!!! She stayed on top of my deal until closing date.Cant ask for better service . Thank you Kristin"
"Susan is the BEST! I have done several transactions with her and she has always been so helpful and made the process so easy. These can be stressful but with Susan it is always simple. Highly recommend!"
"We had the pleasure of working with Angel Pierro. He was supportive during this entire process and we would 100% use him again! Highly recommend!"

# Apply For FHA

Why Should You Choose Us?

We're here to make the home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our simple Hard Money Rate Quote.

  • Customer Focused
  • Minimal Documentation
  • In-Houses Controls
  • Best Loan Services
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(866) 382-1466
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# Apply Now!

Our Core Purchasing Service

Whether you’re looking to purchase a new home or refinance your existing home,Groves Capital can provide all the help you need.

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Cal FHA

We know that each client has unique needs; we’ve built a reputation of being able to deliver a broad menu of options to our clients while maintaining great service and timely delivery.

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Bankruptcy Discharged

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Cal Hero

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Cal STRS

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FHA 203k Loans

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FHA Streamline

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Hybrid ARM

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Interest Only

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Reverse

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Sale Leaseback

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Second Home

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VA Irrrl

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VA Veterans Affairs

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# Work With Us

States We Lend In

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Looking for lending in a state not listed? We do lend in other states on a case-by-case scenario. Give us a call to see what we can do for you.

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(866) 382-1466