Stockton Home Buyers: FHA Home Loans
The FHA mortgage loan program is serving Stockton home buyers giving them the opportunity to purchase homes with as little as 3.5% down and record low home loan interest rates. It is one of the loans that serve first time home buyers and move up buyers. Recently loan limits were increased at their upper end to $400,000 plus in Stockton and San Joaquin County.
FHA FACTs:
· In 2010, FHA was used by 56 percent of all first-time homebuyers
· 60 percent of all African-American and Hispanic homebuyers.
· In addition, 85% of borrowers obtaining homes at the higher loan limits had incomes below
$150,000,
· 65% had incomes less than $100,000.
The pieces are place to purchase that first home or home buyer's wanting to move up to that dream home: historic home loan interest rates, declining home prices and low down payments. Call Hugh or Maria for you free homebuyers package at 209-479-9222 or visit www.your-new-address.com .