Inland Empire Direct Mortgage Lender | FHA VA USDA HARP 2 Home Loans » California

Approved HARP 2 Refinance Lender in California

Brad Yzermans — Thu, 26 Jan 2012 09:54:55 +0000

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 [...]

Extenuating Circumstance to Buy After BK, Foreclosure or Short Sale

Brad Yzermans — Fri, 20 Jan 2012 21:36:24 +0000

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 [...]

Qualify and Buy a Home Again After a Short Sale in California

Brad Yzermans — Tue, 10 Jan 2012 20:22:49 +0000

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 [...]

2012 VA County Loan Limits in California Reduced!

Brad Yzermans — Wed, 21 Dec 2011 00:34:20 +0000

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 [...]

Buy a Home Again After Foreclosure in CA – Waiting Periods Explained

Brad Yzermans — Thu, 08 Dec 2011 01:15:27 +0000

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, [...]

HR 674 – California VA Guaranteed Loan Funding Fee Changes Again

Brad Yzermans — Wed, 23 Nov 2011 06:02:26 +0000

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 [...]

Riverside County FHA Conforming/Jumbo Loan Limit 2012-2013 Restored!

Brad Yzermans — Sun, 20 Nov 2011 06:48:38 +0000

The FHA conforming / jumbo loan limit in Riverside County, California was just restored back to $500,000. Many believe this action was critical in helping the Inland Empire housing market rebound to help more home buyers qualify for FHA’s low interest rate & low down payment mortgage programs. You don’t have to be a first [...]

CA FHA Conforming / Jumbo Loan Limits Restored for 2012 – 2013

Brad Yzermans — Fri, 18 Nov 2011 04:08:14 +0000

Congress agreed to restore, reinstate and extend the jumbo / conforming FHA loan limits to $729,750 for 2012 and 2013 after seeing the negative impact the October 1st loan limit reduction had on the certain high cost housing markets. Restoring the FHA loan limit is considered essential to stabilizing the housing market in many high [...]

Are Temecula and Murrieta Safe Cities To Live In Or Buy A Home?

Brad Yzermans — Fri, 21 Oct 2011 09:07:28 +0000

Would you consider safety to be a major factor when deciding where to relocate or live when buying a home in California? For those of us familiar with, or already living in the Temecula and Murrieta Valley region of Riverside County, we sometimes forget how good this little part of the world really is. Business [...]

USDA is Out of Funds for 2011- But We’re Still Funding USDA Loans

Brad Yzermans — Sun, 02 Oct 2011 00:06:01 +0000

USDA issued a lender notice stating the USDA Rural Housing Single Family Housing Guaranteed Loan Program (SFHGLP) is temporarily out of funds as of October 1, 2011. Even though USDA is still issuing ‘conditional commitments’ subject to the availability of the commitment authority, many lenders are dropping the program, even with buyers in escrow! Fortunately, [...]