FHA Loans
in the Bay Area

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If you want to buy a home in the San Francisco Bay Area with a low down payment, affordable interest rates, and easy credit qualification, an FHA loan could be just the mortgage product you are looking for.


What is a Bay Area FHA Mortgage?

The FHA loan program is insured by the Federal Housing Administration (FHA). By providing this insurance, the FHA reduces the risk profiles of eligible borrowers.

With your risk profile reduced, you can take advantage of benefits which might not otherwise be available to you through conventional financing.

Benefits of an FHA Loan in Walnut Creek

If you are eligible for an FHA loan as a first time homebuyer or repeat homebuyer in the Bay Area, these are the advantages you can expect:

Your down payment could be as low as 3.5%.

You can be eligible for this low down payment even without an ideal credit score.

Interest rates on FHA loans tend to be very affordable.

Whether you prefer a fixed or adjustable mortgage rate, FHA financing can accommodate your needs.

FHA loans are available for home purchase, construction, repairs, upgrades, refinance or consolidation purposes.

Who Qualifies for an FHA Loan in the Bay Area?

Below, you can look over the eligibility requirements for FHA loans.

In order to put 3.5% down on a home with an FHA loan, you will need a credit score of 580 or higher. If your score ranges between 500-579, you can put 10% down on a home.

You will need a DTI of no higher than 43-45%.

When applying, you will have to provide documents which prove you have been employed for the past two years continuously.

You may only obtain an FHA mortgage for a primary residence. If you are shopping for a second home, vacation home, or investment property, you must pick a different type of home loan.

A clear credit alert interactive voice response system (CAIVRS) report is required.

Do you need to be a first time homebuyer?

No. Repeat homebuyers as well as first time homebuyers are welcome to apply for the program.

You also will not be disqualified automatically because of a previous foreclosure or bankruptcy.

What Our Clients Are Saying

Chenoa T
Chenoa T
14:46 07 Sep 19
Mike Trejo was recommended by my real estate agent to broker the loan for my new home. Mike, Alex, and Maily are a dream team. They made a somewhat difficult and lengthy process (I had some extenuating circumstances that made my escrow 60 days instead of the more standard 30 days) and they were so patient and professional throughout. They answered all my questions and made sure to follow up and check in on a timely and consistent basis with me, the lender, and even the sellers of the home I was purchasing. I really feel they went above and beyond what the standard broker firm would do. I am so grateful for their support and guidance through the process. If you’re looking for a broker you can trust and that will fight for you and help make your dreams come true, look no further than Mike and his wonderful team at BridgePoint!read more
Evan Doherty
Evan Doherty
15:35 26 Aug 19
We've used Bridgepoint four different times -- two new mortgages & two re-fi's -- and they've been amazing for every single one! They're timely, detailed and super friendly. The entire crew is very helpful and will answer any question you have - they make the entire process incredibly easy. Highly, highly recommend!read more
Phillip Lavios
Phillip Lavios
00:01 13 Jun 19
Mike Alex, and Mailly are the best to deal with when refinancing your home, they made the process seamless, and cery painless! They were very patient with me, and I highly recommend them to refinance your home!read more
seymur107
seymur107
06:23 25 Apr 19
Mike is a lifesaver! After I found my dream house, I was working with another lender who was bringing new problems every day and delaying the process and keep promising. After 6 weeks time waste they said they cannot do my loan. That's when Mike came in like an angel and saved us. In less than 2 weeks he closed the deal and asking almost no additional documents. Very smooth process. It was a hard lesson for me that its very important to work with the right people, especially if you making one of the most important financial decisions of your life. And Mike and his team are definitely are the best people for it!read more
Eyebrow Plus, Inc.
Eyebrow Plus, Inc.
21:55 17 Jan 19
We had a great experience with Bridgepoint Funding. The loan process was smooth and faster than we expected. The Bridgepoint team is strong and well-coordinated.Thank you Alex, Mike and Maily for your much needed help!F. Aread more
Stephen Jotten
Stephen Jotten
23:50 29 Dec 18
This was the most smooth loan process my wife and I were able to have. Mike and his staff made sure we did not lose our first house. It was a seamless process.
Armando Troche
Armando Troche
08:51 23 Nov 18
Bridgepoint Funding was effective, reliable, and efficient. We switched from a different lender to find a better interest rate. Mike and his team worked quickly to gather our documents, secure the best interest rate, and get our loan squared away. Now we're living it up in our new home!read more
KelliCardenas PS video
KelliCardenas PS video
14:21 29 Mar 18
I have been working with Mike, Kim, and Alex for a lot of years and all of them go that extra mile when it comes to professionalism and customer service. I have worked with many different lenders over the years, but Bridgepoint Funding is the best by far! They do not discriminate against anyone, no matter what! They treat every client with respect and fairness. I know from experience that if your loan process hits a bump in the road, Mike and his staff always remain calm and the end results are a closed loan and a happy client. I would highly recommend the Bridgepoint funding staff for any lending needs.read more
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Apply for Your Walnut Creek FHA Loan Now

Excited to move into a Bay Area home with a competitive mortgage with flexible credit qualification requirements? To schedule your consultation, please call (925) 478-8630. We look forward to helping you apply in getting you into your new home quickly and affordably.

We are based in Walnut Creek CA, we serve customers in the San Francisco Bay Area. This includes Martinez, Concord, Pleasant Hill, Alamo, Danville, San Ramon, Orinda, Moraga, Lafayette and throughout California.

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