Mike Silva's (bay_area_home_loans) Blog

  I recently talked to a potential client of mine that was a first time home buyer looking to qualify for an FHA Mortgage. They were just entering the market, and wanted to put down 3 to 5% as a down payment, but they had thought that they had to repair some items on the credit report before they...

Federal Assisted Mortgage Loans have been around for decades, and have the most make sense underwriting guidelines i have ever seen. I was first introduced to FHA financing as "this loan program makes no sense when compared to conventional loans" but in fact it is the exact opposite, FHA financin...