FHA Access 2000 Home Loan

The Access 2000 FHA loan program is designed for homeowners in California and selected counties in Nevada to receive financial assistance for 103% of the sales prices of a home. This program does not require the backing of a seller making it more competitive when searching for FHA loans.

This FHA Loan program is the first FHA mortgage requires 3% down payment with the Access 2000 loan providing up to 6% of the sales price. Financial assistance under this FHA loan program are fully amortized over a 20 year period with affordable interest rates. In all the homeowner gets 103% of the financing from the sales price. The 6% covers the 3% down payment and other FHA closing costs on the transaction usually around 3%.

All this means you can purchase a home with little money invested.

To reduce overreliance and abuse of the program, applicants are required to fall into certain income limits. You don’t have to be a first-time home owner to qualify. Your resident county sets income limits as well as the maximum loan limit based on the FHA maximum load limit for the county.

An Access Loan may be used to purchase a single family home, condominium, townhome or PUD. If you’re thinking of purchasing property with this loan, checkout FHA Loan requirements for more information.

FHA Loan Caps differ by county.