Helping thousands of homeowners purchase and refinance since 1996


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.