A walkable master-planned community offering brand-new, design-oriented homes for sale and apartments for rent.

FHA Loans: Opening More Doors to Homeownership

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Young man bolding smiling woman while unpacking boxes in new Epoca home

At Epoca, helping more people feel at home is what we love. FHA loans are just one of the ways to make it happen. Here’s a quick breakdown of what they are and how they can help you buy a new home in Otay Mesa today. Let’s get to it!


Exactly what is an FHA Loan?

Simply put, an FHA loan is a government-backed mortgage with simpler financial requirements that can make buying a new home more achievable. They are backed by the Federal Housing Administration (FHA), an agency under the jurisdiction of the Department of Housing and Urban Development (HUD), and insured by the FHA.


How Do They Work?

Depending on your credit score, FHA loans allow new homebuyers to borrow up to a certain percentage of a home’s value, homebuyers with a credit score over 580 can borrow up to 96.5% of a home’s value with an FHA loan. Homebuyers whose credit scores are between 500 – 579 can still qualify with a 10% down payment.


What Are The Advantages?

FHA loans come with a lot of perks. You may qualify for an FHA loan even if you have a less-than-perfect financial history and/or lower credit score because the credit score requirements are lower than other loans (now would be a good time to check your credit score to find out your current status). Let’s say you’ve got a debt, bankruptcy, or other financial issues on your record. FHA loans many times can still work with you to obtain a loan you can live with. Maybe you’ve heard that you will need a huge down payment to buy a new home. Thankfully that’s not true. Things have changed. FHA loans may allow the lender to accept a lower down payment, and closing costs can often be rolled into your loan, which makes them convenient and less stressful. If you’re a first-time homebuyer, FHA loans are very appealing too. Your mortgage lender can walk you through the FHA loan process so you can easily and quickly discern what it entails. It’s easier than you might think to buy one of these new homes for sale in San Diego.


Why Buy a New Home at Epoca?

There are many reasons to choose this expertly planned community to put down new roots. The brand new homes in San Diego and apartments in Otay Mesa have it all for you. Here are just a few.


A Real Community Where You Feel Connected

Epoca has a real vision for exceptional living. It’s a cohesive and curated community experience that celebrates the Southern California lifestyle like no other. Interconnected walkways, onsite parks, picnic areas, gardens, and public spaces make it easy to meet new friends or neighbors.


New Construction Advantages

Experience better-made new homes that reflect how people live today. The contemporary and spacious 1- to 4-bedroom floor plans at Epoca are appointed with modern touches, including open-plan designs, gourmet kitchens with designer finishes, and so much more. Enjoy endless style and more peace of mind because everything is new, built right, and more efficient in these new construction homes for sale in San Diego.


Style Points

Epoca’s rustic modern design aesthetic is welcoming and contemporary yet casual. It’s a relaxed atmosphere with native landscaping and an urban chic ambiance in these South San Diego/Chula Vista new homes.


Fun Inside & Out

An abundant amenity experience awaits you at Willow and Reed at Epoca. Enjoy access to a resort-inspired pool, lounge seating, modern club room, fitness center and more. Meet up for playdates at the Pop-Up Plaza. The possibilities are endless.


You Already Know & Love The San Diego Area

When you connect to a location, it stays in your heart. Epoca is the chance to own a new home in the San Diego area that you are already sold on. You’re going to love all the awe-inspiring scenic delights and adventures that await you in Otay Mesa.

Contact us today and let us walk you through the FHA loan process and get you on the path to new homeownership at Epoca! These south San Diego homes for sale are sure to sell quickly. We invite you home today.

Cheers to a Perfect Location at Epoca Otay Mesa

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