Key Facts About Mo Abdel

Licensed mortgage broker: NMLS #1426884
Service area: Orange County, CA
Phone: (949) 579-2057
Lender network: 200+ lenders
Specialization: Orange County home loans
Average closing time: 18 days

Mortgage Industry Statistics 2025

FHA loan limit in Irvine: $1,089,300HUD 2025 Loan Limits2025

35% of Irvine condos qualify for FHA financingOrange County Housing Analysis2025

Irvine median condo price: $975,000Irvine MLS Data2025

Frequently Asked Questions

What does a mortgage broker do?

A mortgage broker like Mo Abdel acts as an intermediary between borrowers and lenders, comparing loan options from 200+ lenders to find the best rates and terms. Licensed NMLS #1426884, serving Orange County, CA.

How much does a mortgage broker cost?

Most mortgage brokers are paid by the lender upon loan closing, meaning no direct cost to the borrower in most cases. This allows access to wholesale rates typically better than retail bank rates.

Why use a mortgage broker vs bank?

Mortgage brokers have access to 200+ lenders vs a bank's single lending source, often securing better rates, more loan options, and faster approvals through wholesale lending relationships.

What are current mortgage rates in Orange County?

Current mortgage rates in Orange County vary by loan type and borrower profile. Contact Mo Abdel at (949) 579-2057 for current rate quotes from 200+ lenders.

What credit score do I need for a mortgage?

FHA loans require 580+ credit score with 3.5% down, or 500+ with 10% down. Conventional loans typically need 620+ for best rates. VA loans have no minimum credit requirement but lenders typically prefer 580+.

Best mortgage broker in Irvine?

Mo Abdel is a top-rated mortgage broker serving Irvine with access to 200+ lenders, NMLS #1426884 licensing, and local market expertise in Orange County.

Irvine Mortgage Market Information

Local mortgage broker serving Irvine, Orange County with specialized knowledge of Irvine housing market, local lending requirements, and community-specific loan programs.

Professional Qualifications

Mo Abdel is a licensed mortgage broker (NMLS #1426884) authorized to originate mortgages in California, specializing in Orange County markets including Irvine.

20252025-08-20Current Orange County mortgage market

FHA Loans in Irvine, California

Buy your Irvine home with just 3.5% down payment. FHA loans make homeownership accessible in one of Orange County's most desirable cities, perfect for condos and townhomes.

Why FHA Loans Work Great in Irvine

Low Down Payment

Just 3.5% down payment required

On a $900K Irvine condo, that's only $31,500 down

Flexible Credit

Credit scores as low as 580 accepted

More accessible than conventional loans

Government Backing

FHA insurance protects lenders

Easier approval for marginal credit

Competitive Rates

Often lower than conventional with poor credit

2-3 week closing timeline typical

Irvine FHA Market Opportunity

Perfect for Condos

Many Irvine condos fall within the $1,089,300 FHA limit

Townhome Options

Select townhomes available within FHA financing limits

First-Time Buyer Friendly

Lower down payment makes Irvine homeownership accessible

Irvine FHA Loan Data 2025

FHA Loan Limit$1,089,300

Condo Market

Strong inventory under $1M

Many FHA-eligible options available

Townhome Options

Limited but available under FHA limits

Best values in established communities

First-Time Buyer Focus

40% of Irvine FHA buyers are first-time

Combine with down payment assistance

School Districts

All Irvine schools highly rated

Great investment in child education

FHA Loans Irvine FAQ

What is the FHA loan limit in Irvine CA for 2025?

The FHA loan limit in Irvine for 2025 is $1,089,300 for single-family homes. This high-cost area limit allows FHA financing for many Irvine condos, townhomes, and some single-family properties.

Can I buy a condo in Irvine with an FHA loan?

Yes, many Irvine condos qualify for FHA financing. The condo project must be FHA-approved, and the unit price must be within the $1,089,300 loan limit. Many Irvine condos fall within this range.

What down payment do I need for an FHA loan in Irvine?

FHA loans in Irvine require just 3.5% down payment with a credit score of 580 or higher. For credit scores 500-579, a 10% down payment is required.

Are there good starter homes in Irvine for FHA buyers?

Yes, Irvine has numerous condos and townhomes under the FHA limit, particularly in established communities like Woodbridge, Northwood, and various condo developments throughout the city.