Sun West Mortgage Company, Inc. (“Sun West”) launched a groundbreaking mortgage product tailored specially for tech professionals navigating the housing market's complexities. The introduction of the 'tFHA' program signifies a pivotal moment, offering unparalleled accessibility to homeownership with just a 3.5% down payment and a targeted loan amount of up to $1 million subject to FHA county limits.

Contrary to common misconceptions, FHA (Federal Housing Administration)-insured loans featured in this 'tFHA' product line offer an interest rate currently at 7.625% with an annual percentage rate of 8.686% (as of 03/11/2024), resulting in lower payments compared to conventional loans. This program is particularly advantageous for tech professionals. Take the case of a Silicon Valley employee who chose Sun West and closed on their home around October 2023. By choosing tFHA, they were only required to make a 3.5% down payment, eliminating the need to liquidate their stock options that a conventional loan would have required. This strategic move prevented a loss of over 16% in the appreciation of their stock options had they been required to liquidate those assets for a higher down payment. Thus, opting for tFHA proved to be a game-changing and financially savvy decision for them.

At Sun West Mortgage Company, Inc., we dedicate ourselves to offering an amazing mortgage experience to our customers. To accomplish this, we empower our loan officers so that they can find great rates and provide attractive and appropriate loan options for each customer - all at amazing speed. Our focus on technology has given us an edge in the mortgage industry to offer exceptional turn times so customers can get into the home of their dreams sooner.

We are committed to our core values of people, experience, technology, and product. Sun West was founded in 1980 with the perspective of “customers first” and the desire to make the mortgage process easy and stress-free for prospective and refinancing homeowners. Since then, Sun West has developed a multi-billion-dollar loan servicing portfolio and is licensed in 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Our 43 years of experience has been passed down to everyone here at Sun West through excellent leadership and capabilities.