Getting a new mortgage for a First-Time Home Buyer can be a little overwhelming with ...
Timing the market for the best possible opportunity to lock a mortgage rate on a ...
While the basic Rule-of-Thumb for acceptable credit history is a minimum of four trade lines ...
Teachers who purchased using the CalSTRS 80/17 Teacher Home Loan can now use the new CalPATH Teacher Loan program to refinance and consolidate their soon to be exploding CalSTRS mortgage and avoid a train wreck waiting to happen. The CalSTRS 80/17 home buying program was discontinued in September of 2011, as mentioned in this announcement, [...]
CalPATH is a new mortgage program to help California’s Teachers, Public Employees, Police, and Firefighters purchase or refinance a home. CalPATH was created as an affordable financing alternative to the suspended CalSTRS® 80/17 Teacher loan and discontinued CalPERS® public employee home loan program. The CalPATH mortgage is offered exclusively by Mountain West Financial (MWF), a [...]
The US. Dept. of Housing and Urban Development (HUD) offers a home buying and mortgage program for Teachers (Pre-K-12), Police and Law Enforcement, Firefighters, and EMT/Emergency Responders, called the Good Neighbor Next Door Program (GNND). The Good Neighbor Next Door program gives a huge incentive by discounting the sales price of a eligible HUD homes [...]
The 2014 Riverside County, California VA loan limits and Jumbo loan amounts have been announced by the Dept. of Veterans Affairs. Fortunately, the VA loan limit in Riverside County for 2014 remains at $417,000, the same as last year. Related Post ==> How to Qualify for a VA No-No Mortgage While FHA was busy reducing [...]
When a veteran or active duty serviceman in California is using their VA loan Guaranty Benefit to purchase a home, they need to know it’s possible to secure a VA No-No mortgage loan. What is a VA No-No Mortgage? A VA No-No mortgage is when a person using their VA home loan benefit literally pays [...]
The U.S. Dept. of Veterans Affairs VA Loan Guaranty program just published the California 2014 VA home high cost county loan limits. Kind of like Goldilocks and the 3 Bears, some counties went up, some down, and some remained the same. The maximum guaranty amount for loans over $144,000 is 25% of the county loan [...]
2014 is shaping up to be another year of significant change in the mortgage and real estate industry that will affect home buyers, home owners and others involved in the real estate and finance industry. My goal is to explain and help you understand How the Qualified Mortgage and Ability To Repay Rule will impact [...]