Low down payment
Fixed-rate loans available
Maximum loan amounts vary by county

As a way to lift a struggling economy back in 1934, Congress introduced a home loan backed by the Federal Housing Administration, or FHA, that provided banks with universal standards set by FHA which also provided an inherent government-guarantee. The FHA is considered a low down payment along with relaxed credit guidelines and credit scores as low as 580

Popular with first time homebuyers due to the low down payment requirement, the FHA loan carries a government-backed guarantee financed by mortgage insurance premiums protecting the lender from a loss should the borrowers go into default. The FHA does not approve the loan or get involved in any aspect of the underwriting process but does issue guidelines approved FHA lenders must follow. In return, the loan is granted the FHA guarantee.

If you have an existing FHA loan and are thinking about refinancing then let us introduce you to the FHA Streamline refinance program. As long as you’re reducing your rate, adjusting your term or switching from an adjustable rate to a fixed, a streamline is likely your answer. This loan is extremely easy to qualify for as there is no income or employment verification and no appraisal required. Majestic is eager to explain how easy it is to buy and finance a home using the FHA program.


Up to 100% financing
Fixed-rate loans available
More flexible qualification guidelines

The VA loan was introduced as part of the original G.I. Bill in 1944. Congress initiated various programs to help returning soldiers more easily acclimate to civilian life. The VA Home loan is a government-backed loan used to finance a primary residence and requires absolutely nothing down. Interest rates for VA Home loans are hyper-competitive and there is no monthly mortgage insurance payment keeping monthly payments low. The borrower is also restricted from paying certain closing costs as well. No down payment, limited closing costs and competitive rates make The VA loan the hands-down choice for those who qualify.

To be VA eligible the borrower must be a veteran of the armed forces, has served for at least six years in the National Guard and Armed Forces Reserves, are active duty personnel with at least 181 days of service, and surviving spouses of those who died while on active duty or a result of a service-related injury. The government guarantee to an approved VA lender compensates 25% of the loss of a loan due to default.

We’re proud to be a VA approved lender and we can prequalify you right over the phone. Let us talk about your goals and your dreams. Your service to our country is important to us and we’re honored to be a VA lender.


A quick video describing the
details of the FHA/VA Loan.

Contact us to get your questions answered.
1819 S. Excise Avenue Ontario, CA 91761