An FHA loan is a great option for potential homebuyers who do not have the typical 20% of a purchase price saved up and ready to be given as a down payment. This can be an option for people who are still renting or for first-time homebuyers. Many homebuyers can achieve this loan, with as little as 3.5% down but there are of course requirements that need to be met. One of those requirements will be a good credit score, typically over 650. Having a credit score above that will help you achieve this loan with a smaller down payment amount. This option could be the right one for you, so don’t wait any longer if you are thinking of buying a home. Rent in San Diego keeps increasing, and it not not likely to slow down any time soon. Give me a call today so I can help you get started or let someone who may be interested know. As always, I’m here for all your mortgage questions and needs.