Saving up for a down payment or finding acceptable/allowable sources of down payment money when buying a home is a common obstacle that delays or prevents many people from qualifying to purchase a home. With a little thinking outside the box, you may have access to down payment money that you aren’t even aware of. [...]
Archive | Mortgage Guidelines RSS feed for this section
2013 FHA-VA Conforming Jumbo Loan Limits Riverside County, CA
The 2013 FHA, VA, and conventional conforming and jumbo loan limits in Riverside County remain unchanged from the previous year. Few people realize it’s possible to qualify for conventional financing with as little as 3% to 5% down payment, have no monthly paid PMI, and have a much lower payment than FHA financing provides. The [...]
Read full story • Comments are closed
California VA County Loan Limits for 2013 (Updated)
The California VA county loan limit for 2013 has been published and the maximum VA loan limit in all California ‘high-cost’ counties has been reduced slightly. The updated 2013 VA loan limit in California’s high cost counties still provides financing up to $987,500 with $0 down payment, assuming the veteran has the required eligibility and [...]
Read full story • Comments are closed
Streamline FHA Refinance | Rates | Guidelines | California
The California FHA Streamline refinance loan program is primarily designed to reduce the interest rate and payment for current FHA mortgage borrowers and simplify (streamline) the refinancing process using common sense qualifying guidelines. An FHA insured streamline refinance is easier to qualify for than a regular FHA loan. Streamline FHA Refinance – Key Features & [...]
Read full story • Comments are closed
USDA Rural Streamline Refinance Pilot Program – Guidelines
The USDA Rural Housing Guaranteed home loan program announced a new USDA Streamline Rural Refinance Pilot program to make refinancing easier and faster. Why the changes? It’s part of President Obama ‘s plan to help reward responsible homeowners. The new USDA streamline refinance pilot program will give California homeowners the opportunity to reduce their interest [...]
Read full story • Comments are closed
Extenuating Circumstance to Buy After Short Sale, Foreclosure or BK
To qualify for a mortgage and buy again soon after a short sale, foreclosure, or bankruptcy, an acceptable extenuating circumstance is needed. 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 money loan [...]
Read full story • Comments are closed
Qualify and Buy a Home Again After a Short Sale in California
Qualifying to buy a home again after a short sale in California is something you should plan for before you short sell your home. The required waiting period to be eligible to buy again after your short sale will depend on the mortgage loan program being used and your circumstances. Blog Post updated 5/16/2013 Know [...]
Read full story • Comments are closed
 |
Enter your email address below to receive updated articles: |