Key Benefits

Advantages of FHA Loans

  • You can qualify with a lower credit score compared to other loans.

  • You can buy a home with a down payment as low as 3.5%.

  • If you already have an FHA loan, you can refinance with FHA Streamline to lower your interest rate.

  • You may qualify even if you’ve had financial difficulties in the past, like a bankruptcy.

  • You may be able to roll your closing costs into your loan.

The Benefits of Getting a Loan from American Pacific Mortgage

  • We’re an FHA-approved lender and process FHA loans every day.

  • You get a completely online application with less paperwork.

  • You can pay off your mortgage ahead of time with no penalties.

Other Popular Loan Options

  • Adjustable Rate Mortgage

  • VA Loan

How It Works

The Different Types of FHA Loans

  • FHA loans are available with different terms, so you can choose the length of the mortgage that works for you.

  • Think you’ll refinance or move within a few years? An FHA adjustable rate mortgage comes with a low fixed rate for the first five years.

How FHA Loans Work

  • You get an FHA loan from an FHA-approved mortgage lender.

  • The loan is insured by the Federal Housing Administration.

  • Because of that insurance, the credit and income requirements for an FHA loan are more lenient.

  • To help fund the FHA program, in most cases you’ll pay mortgage insurance, which is added on to your monthly payment.

  • The home you want to buy will have to meet the FHA’s minimum property standards.


Q: What is the maximum loan amount on an FHA Loan?

A: The LA and Orange County FHA loan limit is $726,525. CLICK HERE to find FHA Mortgage Limits for your county using the Housing and Urban Development's FHA Loan Limit Calculator.

Q: Can a seller contribute toward closing costs and pre-paid items on an FHA Loan?

A: Yes! A Seller can contribute funds to help cover closing costs and pre-paid items.

Q: Do FHA loans require mortgage insurance?

A: Yes. FHA loans do require mortgage insurance for the life of the loan.

Q: Does FHA offer a rehabilitation loan for homes requiring renovation?

A: Yes! FHA offers a loan called the 203K Rehab Loan which can be used for purchase or refinance on a home that needs a little extra TLC. 

Q: Does FHB offer financing on Condos?

A: Yes! In order to obtain FHA financing on a condo, the project must reflect approved on FHA’s website. The best way to check project eligibility and expiration dates of project approval is to go to the following FHA website: