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Questions? Call us at:800.974.4434		 Questions? Call us at:800.974.4434





FHA Loan Program Highlights
Purchase:
  • Property types allowed from 1-4 units
  • Down payment as low as 3% of the sale price
  • Family members may pay all of the borrower’s required down payment, closing costs, prepaid expenses and discount points
  • Seller can pay up to 6% in concessions towards the buyer’s closing costs, pre-paids and discount points.
  • Automated underwriting: capability to reach higher ratios with compensating factors
  • Non-occupant co-borrower can help borrower to qualify
  • Low rates and low monthly mortgage insurance
  • Fixed-rate and adjustable-rate mortgages available
  • No reserves required on 1-2 units and 3 month reserves required on 3-4 units
Refinance:
  • Cash out refinance up to 95% on 1-2 units and 85% on 3-4 units
  • No reserves required
  • Automated underwriting: capability to reach higher ratios with compensating factors
  • Low rates and low monthly mortgage insurance
  • Streamlined refinance and assumable loans
Contact our helpful loan consultants today to find out more what these new Conforming and FHA programs can do for you to improve your financial situation. These great programs are not going to be around forever so take advantage of them while they last.

Areas Approved for FHA Loans:

CA:
 Los Angeles-Orange-Napa-Ventura-El Dorado-Placer-Sacramento-Yolo-Monterey-San Diego-Alameda-Contra Costa-Marin-San Francisco-San Mateo-
San Benito-Santa Clara-San Luis Obispo-Santa Barbara-Santa Cruz-Sonoma-Nevada-Alpine-Nono
CO
 Eagle-Lake-Summit-Hinsdale-Ouray-Pitkin-Routt-San Miguel
CT
 Fairfield
DC:
 Disctrict of Columbia
FL:
 Monroe-Collier
GA:
 Greene
HI
 Honolulu-Maui-Kauai
ID:
 Boise
MA:
 Teton-Blaine
MD:
 Ann Arundel-Baltimore-Carroll-Harford-Howard-Queen Anne-Calvert-Charles-Frederick-Montgomery-Prince George
NC
 Camden-Pasquotank-Perquimans-Currituck-Hyde
NH
 Rockingham-Strafford
NJ:
 Bergen-Essex-Hudson-Hunterdon-Middlesex-Monmouth-Morris-Ocean-Passaic-Somerset-Sussex-Union
NY:
 Bronx-Kings-Nassua-New York-Putnam-Queens-Richmond-Rockland-Suffolk-Westchester
PA
 Pike
RI
 Bristol-Kent-Newport-Providence-Washington
UT
 Salt Lake-Summit-Tahoe
VA:
 Albermarle-Fluvanna-Greene-Nelson-Amelia-Caroline-Charles City-Chesterfield-Cumberland-Dinwiddie-Goochland-Hanover-Henrico-King-Queen-King
William-Louisa-New Kent-Powhatan-Prince Geroge-Sussex-Gloucester-Isle of Wight-James City-Mathews-Surry-York-Chesapeake-Hampton-Newport News-Norfolk-Poquoson-Portsmouth-Suffolk-Virginia Beach-Williamsburg-Arlington-Clarke-Fairfax-Fauquier-Loudoun-Prince William-Spotslvnia-Stafford-
Warren-Lancaster
WA
 King-Pierce-Snohomish-San Juan
WV
 Jefferson
WY:
 Teton
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In the past four years, I have refinanced my home loan with MCA three times. I worked with three different loan officers, each one was friendly, helpful, easy to reach and responsive.

- C.P., San Diego, CA
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