When applying for a home loan, you’ll also be required to document your earnings and have a decent credit score as your entire bank history would be reviewed by your lender.

1. GET THE
RIGHT
LOAN FOR
YOU
WWW.EUSS.EDU

2. IF YOU ARE A FIRST-TIME HOMEOWNER,
APPLYING FOR FHA LOANS IN SAN JOSE
CAN BE A RATHER CHALLENGING TASK.
THERE ARE A LOT OF REGULATIONS
INVOLVED, EACH OF WHICH COULD
SUGGEST MORE EFFORTS FROM YOUR
END. HOWEVER, WITH SOME BASIC
INFORMATION, YOU CAN OBTAIN THE
BEST MORTGAGE.

3. LOWEST INTEREST RATES
IN SAN JOSE
EASTWAY UNIVERSITY
OF SOCIAL SCIENCES
One of the main benefits of
FHA loans is it offers better
interest rates. Home buyers
who are looking for lowest
interest rates in San Jose
mainly look for this option.
It offers the same interest
rate for all borrowers. There
is no interest rate penalty
for anyone who have credit
issue. FHA loans guidelines
do not require a minimum
credit score.

4. FHA LOANS IN SAN JOSE
FHA LOANS ARE LOANS THAT ARE
GUARANTEED BY THE US
GOVERNMENT’S FEDERAL HOUSING
ADMINISTRATION. IT IS AN ATTRACTIVE
OFFER FOR THOSE FIRST-TIME HOME
BUYERS WHO DO NOT QUALIFY FOR
TRADITIONAL HOME LOANS. ON ONE
SIDE WHEN TRADITIONAL HOME LOAN
PRODUCTS REQUIRE 10 TO 20 PERCENT
DOWN PAYMENT ON A LOAN, THIS
MORTGAGE OPTION ALLOW BUYERS TO
QUALIFY WITH AS LITTLE AS 3.5% DOWN
PAYMENT. WWW.EUSS.EDU

5. Easier credit qualifying
Low credit score as low as 580
Less rigid debt ratios & job requirements
Gifts allowed towards the home down
payment

6. MORTGAGE BROKER
OR MONEY LENDER?
While comprehending where to get a
loan, you will come across your two
choices – brokers and lenders. You
can ask for quotes from both parties
to compare their prices. Going for a
broker might save you from the
hassle of reaching out to several
banks, but if you already have a good
rapport with a bank then a lender
should be your ideal choice. A lender
would also be able to help you
resolve any issues that might come
up during the process.
EASTWAY UNIVERSITY
OF SOCIAL SCIENCES

7. FIXED OR VARIABLE-
RATE MORTGAGE?
Your next step would be
determining your mortgage
rate. If you have an appetite
for risk and want the lowest
rates in the market, you can
go for a variable mortgage as
the interest rates fluctuate
with the market. However, if
you want repayment stability,
you can choose a fixed
mortgage

8. THANK YOU
1939 MONTEREY HWY, SUITE 3
SAN JOSE, CA 95112
CYNTHIA@5STARCAPITAL.CO
M
(714) 230-9515
5STAR LENDING