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FHA Loans - FHA Access Loan Program - California
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The Access loan program is designed to assist homebuyers in California and a few counties of Nevada to obtain a loan for 103% of the sales prices without the assistance of the seller. This program is extremely beneficial in a competative market, where sellers are receiving full price offers.

This is a FHA first mortgage that requires 3% Down, but Access 2000 provides a 2nd. mortgage in the amount of 6% of the sales price.

This loan is fully amortized for 20 years and the interest rates competitive, currently at 8.5%. Altogether, the homebuyer receives financing for 103% of the sales price. The 6% covers the 3% down payment and the remaining 3% covers most of the FHA regulated closing costs associated with purchasing a home. Therefore, an individual can purchase a home with almost no money.

You are not required to be a first time buyer to use this program, but you do have to fall within income limits for the county you are purchasing the home in. Check the Access income limits >> Here

Additionally, there maximum loan limit will be based on the FHA maximum loan in the county that you are purchasing in. The current FHA range of loan limits for a single family, home, condo, or townhome is up to:

  • $239,250*

The Access loan program can be used to purchase a single family home, condominium, townhome, and PUD.

If you know of any family, friends, or co-workers that live in California, that my be benefit from this type of FHA mortgage program, let them know by fha home loans Referring this page

If you are buying a home and are thinking of using this mortgage loan program then learn about the next step ra.gif (855 bytes)FHA Loan Qualifying

*FHA Loan Limits vary by area.
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