Over half of the new home loans in Ventura County are FHA-insured. The popularity of FHA loans is due to the fact that the Federal Housing Administrator (FHA) provides a low downpayment mortgage option and FHA is less strict on the credit score requirements.
Consequently, FHA loans are now one of the primary means of home financing for many Ventura County home buyers.
However, if you are looking to purchase a condo in Ventura County with an FHA loan you need to make sure that the entire development is FHA approved.
The US Department of Housing and Urban Development (HUD) can provide you with the list of FHA approved condos in Ventura County.
Find FHA Approved Condos in Ventura County
