Standard Lenders was founded on the principle that customers come first. We go above and beyond to make the loan selection and approval process as simple as possible. Whether you need loan refinancing or want a reverse mortgage to supplement your retirement income, we’ll work with you to create a custom home mortgage loan tailored for your unique circumstances.
A Premier Reverse Mortgage Broker in California, Standard Lenders provides unrivaled transparency, communication, and accessibility. We stay in touch with clients regularly and update them on the latest happenings in the housing industry that could affect their finances. Our loan experts can connect with you over the phone, email, and at home to accommodate your every need.
If you don’t qualify for conventional mortgages, it doesn’t mean your dreams of homeownership are out of reach. With our Federal Housing Administration (FHA) loans, you can make your goal of owning a home a reality. Let Standard Lenders help you live the American Dream.
An FHA loan is a government-backed mortgage that is guaranteed by the US Federal Housing Administration. The FHA itself does not provide the loans but insures the mortgages that are issued by FHA-approved private lenders. This loan product is designed to help low to middle-income Americans that don’t qualify for conventional loans to become homeowners.
FHA mortgages have more lenient requirements than conventional loans, which makes them popular with first-time homebuyers. These looser financial requirements, however, pose an increased risk to lenders. As a result, FHA loan borrowers must pay a two-part mortgage insurance to compensate for this increased risk.
Although easier to get than conventional loans, you still need to satisfy several requirements to qualify for FHA mortgages. Lenders will do a background check on you as they would with any other mortgage applicant. However, instead of analyzing your credit report, lenders will look at your employment history, rent payments, and other financial records within the past two years to determine if you’re a good candidate for this loan.
