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Acceptable Sources for a Down Payment When Buying a Home

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. [...]

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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 [...]

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2013 California VA Loan Limits High Cost

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 [...]

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STreamline FHA Refinance Rates California

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 & [...]

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New USDA Rural Streamline Refinance Pilot Prorgam

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 [...]

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Extenuating Circumstances Qualify Buy After BK Foreclosure Sort Sale

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 [...]

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Qualify Buy Home Again After a Short Sale

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 [...]

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