FHA Loans

FHA loans are great for first-time homebuyers. FHA loans are available for properties from between 1 and 4 units.

FHA loans are insured by the Federal Government and will protect the lender from any losses that may incur if the home goes into foreclosure. The FHA program is more lenient when compared with conventional loans because they don’t require a minimum credit score to qualify.

FHA loans can also help homebuyers make their homes more energy efficient. If saving money through reduced energy costs and having an eco-friendly home is important to you, then you’ll be able to include energy improvement costs in your loan application.

Napa Finance FHA Loans

For borrowers with a lower credit score, getting assistance when trying to buy a new home is understandably difficult. When using an FHA loan, you won’t be immediately disqualified for having a lower credit score. Buyers with a lower credit score can often still get approval by demonstrating their ability to pay back the loan by making a slightly higher down payment.


Usually, underwriters will review credit and financial history from the last 1 to 2 years prior to signing. If the records are acceptable, then customers often get approved even if they have previously struggled to get conventional financing approval in the past. The borrower’s ability to explain their credit difficulties makes FHA loans more flexible than a conventional mortgage.


The money required to cover the costs for a down payment and other rates may be covered using your personal savings, grants, loans, retirement funds, or even gifts from a family member. FHA loan applicants must have a steady employment history, along with a valid Social Security number. The property must be assessed and approved by an appraiser to be able to qualify for FHA.


From the moment you start an application to the day your loan closes and beyond, you can depend on Napa Finance to be on your side. We’re here to help!