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 [...]
Tag Archives | California
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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Riverside County FHA Conforming/Jumbo Loan Limit 2012-2013 Restored!
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 [...]
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CA FHA Conforming / Jumbo Loan Limits Restored for 2012 – 2013
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?
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
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, [...]
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