Empowering Tech Professionals: Sun West Launches Innovative tFHA Home Loan Product

Sun West Mortgage Company, Inc., a leader in the mortgage lending industry, has introduced a significant advancement in home financing for technology professionals. The new techFHA ('tFHA') program offers an innovative path to homeownership, enabling tech workers to access loans up to $1 million with just a 3.5% down payment. This program is customized to meet the unique needs of tech industry employees, offering them an unprecedented opportunity to own a home without the burden of a large down payment.

With the current interest rate at 7.625% and an annual percentage rate of 8.686%, the 'tFHA' product line provides an advantageous alternative to conventional loans. It offers lower payment options and leverages technology to streamline the mortgage process. Highlighting the program's benefits, a Silicon Valley employee shared their positive experience, including the ability to retain their stock options by opting for a minimal down payment through tFHA, thereby safeguarding their financial assets from significant loss.

The program's distinctiveness lies in its adaptability, especially with the Federal Reserve's recent interest rate cuts in 2024. Sun West's 'tFHA' allows tech professionals to adapt to market changes seamlessly, minimizing closing costs and making it more beneficial than conventional refinancing options. CEO Pavan Agarwal emphasized the strategic advantages of the 'tFHA' product line, highlighting Sun West's commitment to aiding tech professionals in their journey to homeownership.