With President Obama’s recent changes to the Home Affordable Refinance Program (HARP) t0 help more people refinance into a lower interest rate, it’s unfortunate many mortgage lenders/brokers in California choose NOT to offer the new HARP refinance DU Refi Plus or the Relief Refinance-Open Access loan program. Approved HARP 2 Mortgage Lender & Broker in [...]
About Brad Yzermans
Brad is an experienced Mortgage Lender and home buyer educator helping people finance their home purchase or refinance into a better mortgage. He would like to help you. Brad can be reached by email: brad@homeloanartist.com or direct: (951) 215-6119.
Extenuating Circumstance to Buy After BK, Foreclosure or Short Sale
To qualify for a mortgage and buy again soon after a foreclosure, short sale, or bankruptcy, you will need an acceptable extenuating circumstance. If you don’t have an acceptable extenuating circumstance, you need to either wait-it-out, purchase a home with all cash, or come up with a large 35-50% down payment and find a private/hard [...]
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Qualify and Buy a Home Again After a Short Sale in California
Qualifying for a mortgage to buy a home again after a short sale in California is something you should plan for before you short sell your home. In California, the required waiting period or how soon you can buy again after your short sale will depend on the mortgage loan program you qualify for. It’s [...]
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FHA 90 Day Flip Waiver Guideline Extended to Dec. 31, 2012
In timely fashion (7 days to expiring), HUD has extended their 90 day flip waiver through December 31, 2012. What’s The Big Hairy Deal? Prior to February 1, 2010, HUD/FHA did not allow a home buyer to use an FHA loan when buying a home from an investor who bought a home, did repairs/renovations, and [...]
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2012 VA County Loan Limits in California Reduced!
The 2012 VA loan lending limit in many California high cost counties has been reduced significantly from last year, but still allows for 100% zero down payment home financing. The new high cost county VA loan limit ranges between $417,000 and $625,500 in California when making zero down payment. VA doesn’t actually impose a maximum [...]
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Buy a Home Again After Foreclosure in CA – Waiting Periods Explained
Since I’m often asked, “when can I can buy again after foreclosure“, I thought it would be helpful to explain the waiting periods required to buy a home again after foreclosure. How soon you can qualify to buy again after foreclosure can depend on the type of loan program you use to purchase. Why? Because FHA, [...]
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HR 674 – California VA Guaranteed Loan Funding Fee Changes Again
The VA Guaranteed loan funding fee has changed once again for Active Duty, Veterans, Reservists, and National Guardsman who are buying a home in California. In what could be one of the most confusing back and forth guideline changes since the housing crash of 2008, the Dept. of Veterans Affairs announced today that President Obama [...]
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