FHA Loans vs Traditional Mortgages - Which Works Best in California?

California homebuyers comparing FHA loans and conventional mortgages can learn how these California mortgage programs differ, how lenders review applications, and how sample loan terms may be structured in this educational video. In this video, Joe Frank Cerros, Mortgage Loan Originator with JCRMG Inc., provides general educational information comparing FHA-insured loans and traditional mortgage options available in California. The discussion is intended to help viewers understand common features, documentation considerations, and how loan terms may vary based on borrower qualifications. 📌 SAMPLE SCENARIO (FOR ILLUSTRATION ONLY) Purchase Price: $830,000 Loan Amount: $815,216 Interest Rate: 5.625% APR: 6.575% Estimated Total Monthly Payment: $6,229.19 (Includes principal, interest, taxes, insurance, and mortgage insurance premium) This example is provided for educational purposes only. Actual rates, APRs, payments, and terms vary based on credit profile, loan program, market conditions, and property factors. Rates and terms are not guaranteed unless locked in accordance with lender requirements. 📞 For general mortgage information: 1-888-600-7577 🌐 Website: www.jcrmg.com 🎥 More educational mortgage videos:    / @jcrmginc   ⏱ VIDEO CHAPTERS 00:00 Introduction and Educational Purpose 00:25 Overview of FHA Loans and Conventional Mortgages 01:15 Sample Purchase Scenario Explained 02:10 Estimated Payment Components Overview 03:25 Credit, Down Payment, and Documentation Considerations 04:15 Interest Rates, APR, and Locking Basics 04:55 Accessing Educational Mortgage Resources 05:20 Compliance Disclosures and Closing 🏠 COMPLIANCE DISCLOSURE JCRMG Inc. – Real Estate Mortgage Broker NMLS #2418994 | DRE #02173635 Joe Frank Cerros – Mortgage Loan Originator NMLS #240041 | DRE #01356767 Equal Housing Opportunity. Licensed in California only. This video is for informational and educational purposes only and does not constitute an offer to lend, a loan approval, or a commitment to extend credit. All mortgage loans are subject to credit approval, verification, property eligibility, and applicable program guidelines. Rates, APRs, terms, and payments shown are examples only and may change without notice. Full disclosures available at www.jcrmg.com . 🎬 This video may have been created with the assistance of AI software.