San Diego's #1 3.5% Down FHA Home Loan Secrets Revealed in 2021

(Please note: These numbers below have been updated for 2021 loan limits)

In this video I break down some important secrets you might not know of the 3.5% down FHA Loan right here in San Diego.

This mortgage loan is great for anyone that wants to put down as little as 3.5%, get a loan amount up to $753,250, and take advantage of record low interest rates

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Without further ado - let's jump into several FHA home loan secrets. 

Secret #1 - You Can Combine With My Down Payment Assistance Program

The great thing about the fha loan - is that if you *do not* have a down payment yourself - you can either get a gift from: parents or another relative, an employer, an approved charity group, or a government home buyer program.

My #1 down payment assistance program will cover your 3.5% down payment - so, that limits your cash out of pocket.

Secret #2 - You Can Have a Lower Credit Score Than a Conventional Loan

You do not need to have "perfect" credit for an FHA loan. In fact, going with an FHA loan will allow you to have had a bankruptcy, foreclosure, short sales, dings on your credit report, and have a lower middle credit score than what a conventional loan will allow.

Secret #3 - You Can Put Down Just 3.5% Up to a $753,250 Loan Amount

So, unlike a conventional loan that will only allow you 3% down up to a $548,250 loan amount - and FHA loan will allow just 3.5% down up to a $753,250 loan amount - that's over $200,000 *more* for a sales price.

Secret #4 - It's Not Location Specific

Unlike the USDA Loan where you need to live on the outskirts of San Diego county - going with an FHA loan means you can buy anywhere you want. Just keep in mind you need to live in the property, it's livable (no fixers), and if you are buying a townhome/condo - it needs to be on this list.

Secret #5 - You Can Refinance to a Lower Rate within 7 Months

If it so happens that mortgage rates have dropped since you bought - if you make 6 consecutive payments, 210 days have passed since your last loan closed, and you have not missed a mortgage payment - you might be primed and ready to go to do an FHA Streamline refinance.

Here's your steps to begin:

Fill out my online application in 10 minutes or less at

Once complete, log back in, finish application, and upload your needed documents (Drivers license, last 30 days paychecks, last 2 months bank statements, latest stocks/bonds/mutual funds/etc statements, last 2 years taxes and W2's)

I will be alerted, check everything over, run your credit, review, and contact you about best scenario.

Here's more San Diego FHA home loan videos below:

SD 3.5% Down FHA Loan Details

SD 3.5% Down FHA Loan Secrets

SD 3.5% Down FHA Loan Q & A

SD 3.5% Down FHA Loan Needed Documents

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Your San Diego 3.5% Down FHA Insider,


5 San Diego FHA Loan Secrets Revealed!

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