10-year fixed-rate mortgages typically have lower rates but higher monthly payments compared with other loans. Rates change over time, so it is important to compare rates periodically to find the most affordable mortgage.
An FHA Loan is a loan that is guaranteed by the Federal Housing Administration. There are many FHA-approved lenders issuing FHA loans, and you can qualify for them with a lower down payment and a lower credit score.
There are many state and federal programs that can help California first-time home buyers better afford a home. From low-cost mortgage programs to down payment and closing cost assistance loans, there are several options to choose from.