California Home Loan Programs for Firefighters

Firefighters are one of our modern-day heroes as they serve the community and the nation by responding to emergencies and putting out fires.

If you are a firefighter looking for a home loan designed specifically for you, you’ve come to the right place. 

Let’s see the various types of firefighter home loans available so you can choose which is best suited for you.

VA Home Loans

A VA loan may be an excellent option to consider if you’ve served in the military before switching to a firefighting career, a VA loan may be a good option to consider.

If you are looking for no downpayment options, you can check out VA loans and see if you qualify. 

FHA Home Loans

The Federal Housing Authority insures mortgages that only require a 3.5% downpayment, making it an excellent proposition for firefighters.

You can qualify for an FHA loan with credit scores as low as 580, which is way lower than the required scores for conventional loans. 

Conventional Home Loans

Firefighters can also apply for one of the most popular loans available: conventional loans. Conventional loans usually come with low-interest rates, fewer fees, and fewer requirements for approval.

Take note that these loans are not backed by the federal government and require a credit score of at least 620 or higher. You can get a conventional loan with a low 3% down payment, but you will be required to pay for PMI or private mortgage insurance.

If you want to avoid paying for PMI and save on costs, you must put down at least 20%. 

California Firefighter Down Payment Assistance

If you are a firefighter or employed in the fire department, the California Firefighter Down Payment Assistance can provide homebuyer assistance. This comes in the form of a silent second home loan applied towards your downpayment or closing costs.

To qualify, you need to meet the following:

  • The home must be your primary residence

  • FICO scores of 640 and above

  • Attend a homebuyer education course

  • For first-time homebuyers only (those who haven’t owned a property in the last three years)

  • Employed by Federal, State, Local, or Tribal fire departments in Calfornia

To know more about available first responder mortgage, you can contact our loan officers, who would gladly assist you.

Are you ready to buy your new California home?

If this is your first time looking for loan programs for California firefighters, we can help you make an informed decision.

Get pre-approved or inquire about first responder mortgage programs with Nuline Funding.

Our loan officers have helped many firefighters become homeowners in California. 

Give us a call or send us a message on our website to help you get started.

 


* Specific loan program availability and requirements may vary. Please get in touch with the mortgage advisor for more information.