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. […]
The 2013 FHA, VA, and conventional conforming and jumbo loan limits in Riverside County remain unchanged from the previous year. 12/9/2013 Breaking News Update ==> Riverside County 2014 FHA loan limit has been reduced! Few people realize it’s possible to qualify for conventional financing with as little as 3% to 5% down payment, have no […]
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. Blog Update ==> California’s VA Loan Limits updated for 2014 The updated 2013 VA loan limit in California’s high cost counties still provides financing up to $987,500 with $0 […]
The California FHA Streamline refinance loan program is 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. Breaking News: FHA slashes their monthly Mortgage Insurance […]
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 […]
An allowable extenuating circumstance may allow you to qualify for an FHA, VA, USDA or Conventional mortgage much sooner to buy again after experiencing a short sale, foreclosure, or bankruptcy. If you don’t have an acceptable extenuating circumstance, you need to comply with the official published waiting periods to qualify and buy again, purchase a […]
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 8/17/2013 ==> […]
