In timely fashion (7 days to expiring), HUD has extended their 90 day flip waiver through December 31, 2012. What’s The Big Hairy Deal? Prior to February 1, 2010, HUD/FHA did not allow a home buyer to use an FHA loan when buying a home from an investor who bought a home, did repairs/renovations, and […]
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. 12/22/2013 —- UPDATE ==> click on link to view updated 2014 VA Loan Limits in California by County. The new high cost county VA loan limit […]
When can I can buy again after foreclosure? This has become a popular question the last few years. I thought it would be helpful to explain the required waiting periods to buy a home again after foreclosure. How soon you can qualify to buy again after foreclosure will depend on the type of loan program […]
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 […]
The 2013 FHA conforming / jumbo loan limit in Riverside County, California was just extended 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. Contrary to what many people believe, […]
Congress agreed to restore, reinstate and extend the maximum jumbo & conforming FHA loan limits to $729,750 for 2013 after seeing the negative impact a loan limit reduction would have on certain high cost housing markets. Restoring the California 2013 FHA county loan limit was essential in stabilizing the housing market in many high cost […]
Is Bank of America no longer issuing USDA Rural home loan approvals in California? Did Bank of America discontinue all 100% financing mortgage programs in California? I’ve been asked these two questions several times recently from real estate agents and prospective home buyers wanting to purchase a home in the Riverside County USDA eligible areas […]
