Helping thousands of homeowners purchase and refinance since 1996

  • FHA
  • VA
  • Conventional
  • USDA Refinance Loan

What is an FHA loan?

The FHA was established in 1934 to help United States residents to purchase or refinance a home.  The FHA program allows borrowers to purchase or refinance a home with a low down payment.  An FHA loan is a loan that is guaranteed by the Federal Housing Administration.  Since the loan is insured by the government, it is less risky for the lender.  This means that the lender can offer you lower rates and fees than you would get on a conventional loan.  These loans also offer flexible approval options.  Even if you have a limited credit history, or have had some troubles in the past, you may still qualify for an FHA loan.

Oceanside Mortgage has specialized in FHA loans since our inception in 1996.  As one of the top direct FHA lenders in the country, we believe the FHA program offers American homeowners with a low down payment or less than perfect credit an amazing opportunity in today’s real estate market.  FHA loan programs are designed with many consumer safeguards which help borrowers get an affordable loan at an affordable price.  Interest rates on FHA loans are typically lower the comparable conventional mortgage programs.

There are three great programs that the FHA currently insures:

FHA Purchase Loan – This loan allows a borrower to obtain a new home with as little as 3.5% down.

FHA Refinance Loan – This loan allows a borrower to refinance their current mortgage up to 97.75% of their home’s current value, or to take cash out up to 85% of their home’s current value.

FHA Streamline Refinance Loan – This loan allows a borrower to refinance their current FHA loan into a new FHA loan without having to go through many of the steps normally associated with refinancing.


Oceanside Mortgage Company is a private corporation.  Oceanside Mortgage Company is not acting on behalf or at the direction of HUD/FHA or the Federal Government.

What is a VA loan?

A VA Loan is a mortgage loan available to United States Veterans.  These loans are guaranteed by the U.S. Department of Veterans Affairs (VA).  These loans can only be issued by qualified lenders.  The program was designed to offer mortgage financing to eligible American veterans or their surviving spouses.  The program was originally authorized by congress in 1944.  Since inception, the program has helped over 18 million Veterans purchase or refinance a home.

Oceanside Mortgage is proud to offer VA loans to the men and women who bravely served our country.  Helping Veterans to purchase or refinance a home is one of the most rewarding things we do as a company.  We believe in giving back to our Veterans in any way we can.  We try to offer the nation’s service members the lowest rates we possibly can, while not charging any unnecessary points and fees.

The VA offers three programs:

VA Purchase Loan - This loan allows eligible Veterans to buy a home with $0 down

VA Cash Out Refinance Loan – This loan allows Veterans to take equity out of their property to use as they see fit

VA Interest Rate Reduction Refinance Loan (VA IRRRL) – This loan allows Veterans already in VA loans to lower their interest rate without having to re-qualify for a new loan.