Buy a home in the Inland Empire with Easy FHA Financing

Teresa Tims and her Team at TDR Mortgage show you how easy it can be.  Below is an example of a Southern California home purchase using FHA financing.  Check out the scenario below to find out how much money you need to buy a home in the Inland Empire and how much your total payment would be using FHA Financing.

(Note: this home could have been purchased using a First Time Buyer Program through CaLHFA and got in with a total of around 2k with a higher interest rate, this client chose to have a lower payment and come in with more money the buyer programs have slightly higher rates)

* Sales Price $315,500
* Program: FHA Loan
* Bed/Bath: 3 bed 2 Bath
* 1,650 Sq ft
* 8,276 Lot
* Monthly Payment: 2250 ish
* Down: 10,938
* Closing Cost Credit of over $5000.00
* Rate 5.00% Apr 5.125%
* Beaumont, CA

This FHA home loan purchase took about 3 weeks to close.  I have been originating FHA home loans in California since 1998 and have lots of creative solutions to help homebuyers. Buying a home in this market is not always a good idea, however when the rent is around the same as what the mortgage payment is, it’s a buy recommendation!

Congrats to our clients the Smiths and Clyde Hagen Realty group for doing such an amazing job!

If you’re looking to buy or sell in Southern California pick up the phone and call me at 909- 920-3500 I look forward to hearing from you. Learn more about me here.