FHA Loans I American Pacific Mortgage

FHA Loans

FHA loans are an attractive option, especially for first time home buyers because it is a loan insured by the Federal Housing Administration (FHA) and allows for 3.5% down payment.

An FHA loan allows a lower credit score than a conventional mortgage, and the minimum down payment depends on your credit score. If you have a FICO score that’s 580 or higher, the minimum down payment is 3.5%.

Mortgage insurance must be paid on an FHA mortgage, either upfront at closing or rolled into the loan, plus monthly as part of your regular mortgage payments. FHA-approved banks and lenders issue FHA loans.

The FHA has a maximum loan amount that it will insure, known as the FHA lending limit. In 2022, that limit is $420,860 for single-family homes in Tulare, Kings, and Fresno counties. However, in high-cost areas of California, the FHA loan limit extends to $970,800.

To learn more about additional loan programs offered by Brendan Farrell and American Pacific Mortgage, click here

FHA Loan Benefits:

  • A minimum of 3.5% down payment
  • Flexible credit qualifying guidelines
  • A minimum of a 580 FICO score required
  • Can be paired with a down payment assistance program


Contact Us

119 East Main Street
Visalia, CA 93291

NMLS #1842388


Brendan John Farrell
NMLS #294123
Licensed in CA


© 2021 American Pacific Mortgage Corporation. For informational purposes only. No guarantee of accuracy is expressed or implied. Programs shown may not include all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions may apply. Equal Housing Opportunity. NMLS# 1850
Licensed by the Dept. of Business Oversight under the CRMLA