Financial Communications Journal

(Burbank, CA)—First Security Lending, a full service mortgage broker and banker based in Burbank for more than 10 years sends an important reminder to homeowners and buyers in the San Fernando Valley of the incredible benefits presented by Federal Housing Authority (FHA) mortgage loans.

According to Justin Aldi, C.E.O of FSL, “FHA loans are once again an incredibly viable loan option for thousands of homeowners and buyers. FHA loans, which became fairly obsolete in the San Fernando Valley lately due to their low loan limits, have made a huge comeback as a result of the increase in loan limits.”

“The modernization of the FHA loan limits presents incredible opportunities for San Fernando Valley residents to achieve the American dream of owning their own homes,” Aldi says. “Better yet, these loans are now in many cases, much easier to obtain than conventional mortgages loans. The credit guidelines are much less stringent than conventional loans, they allow for loans up to $729,500, and often times require down payments as low as 3%,” Aldi continues.

“The FSL team applauds the decision to raise the FHA limits temporarily to allow buyers to take advantage of the incredible buying opportunities that are currently presented. Potential home buyers who have been shut out of the housing market, will find relief in FHA loan solutions,” Aldi remarks.

FSL finds itself in a unique position to assist homeowners and buyers with the reemergence of FHA loans; as FSL has been FHA Approved for more than a decade. While other mortgage companies are eagerly seeking approval with FHA now, due to the opportunities these loans present; FSL obtained FHA approval upon opening their doors.

According to Aldi, “At FSL we know the value in being able to offer every loan available to residents and clients. So, even though the limits on FHA loans were low for so long, we understood the importance of having the Direct Lender status. The Direct Lender Approval status that we’ve held for years is now being put to great use in assisting our friends and neighbors in obtaining low cost, low interest rate loans. That’s been our objective since day one.”

About FSL
First Security Lending has 13 offices throughout Southern California. First Security Lending has been awarded the title of “Best Mortgage Company in Burbank” for eight consecutive years, and received the title of “Affiliate of the Year” as awarded by the Burbank Association of REALTORS® for 2005. In 2007 FSL was named one of Inc. Magazine’s Fastest Growing Private Companies. Visit www.firstsecuritylending.com or call 818.841.2995.

FSL Reminds San Fernando Valley Residents Of The Benefits Of FHA Loans