Blue Loan Services FHA Approved Lending Institute Helps Borrowers Find Mortgage Financing They Can Afford

SAN DIEGO, Aug. 10, 2013 /PRNewswire-iReach/ -- Blue Loan Services FHA approved lending institution is a full service mortgage company that has been providing California home loan borrowers with the best wholesale home purchase and refinance rates, as well as access to the most trusted California mortgage lenders and specialized loan products for many years. The company's website offers a number of tools that homeowners and home buyers can use to find the best mortgage scenarios for their unique financial situations and lifestyles, as well as news on the latest mortgage trends and other stories that affect mortgage rates and home prices. The company, headed by senior loan officer, Brandon Blue, and his father, Robert Blue, is dedicated to serve its customers with honesty, integrity and competence. As an FHA approved lender, the company is able to offer services that can help those with lower income or less than perfect credit scores to obtain affordable home financing.


The FHA (Federal Housing Administration) works to improve housing standards and conditions, as well as strives to provide an adequate home financing system through insurance of mortgages. FHA loans were established to allow borrowers to purchase a house with a down payment of as little as 3.4%. Conventional loan requirements usually call for much higher down payments, so these types of loans are perfect for first time home buyers and those who are experiencing difficulty qualifying for conventional loans. Blue Loan Services' team of mortgage professionals are experienced in helping their clients obtain these FHA backed loans. The company's website says about FHA loans:

"The main advantage of FHA home loans is that the credit qualifying criteria for a borrower are not as strict as conventional financing. FHA will allow the borrower who has had a few "credit problems" or those without a credit history to buy a home. FHA will require a reasonable explanation of these derogatory items, but will approach a person's credit history with common sense credit underwriting. Most notably, borrowers with extenuating circumstances surrounding bankruptcy that was discharged 2 years ago can work around the credit hurdles they created in their past. Conventional financing, on the other hand, relies heavily upon credit scoring. Credit scoring is a rating given by a credit bureau (such as Experian, Trans-Union, or Equifax) that ranks you upon your credit profile. For each inquiry, credit derogatory or public record that shows up in your credit report, your score is lowered (even if such items are in error). If your score is below the minimum standard, you will not qualify–end of story."

This advantage makes FHA loans the best, and sometimes only, option for those who are just starting out with their first home and do not have much saved to put as down payment as well as those who have less than perfect credit history or have even experienced bankruptcy in the past. The Blue Loan Services website offers advice on how to determine if this is the right mortgage option for borrowers and also provides those who are interested with a list of requirements that they will need to apply for an FHA mortgage loan.

Those who are interested in applying for this type of loan may visit the company's website by clicking here or call 1-888-929-BLUE (2583) to discuss their loan options with an experienced mortgage professional.

CA Dept of Real Estate -- Licensed Broker #01094374 NMLS #938365

Media Contact: Brandon Blue, Blue Loan Services, 1-888-929-BLUE (2583),

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SOURCE Blue Loan Services



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