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2015 California maximum county loan limit

2015 California Conforming Conventional & FHA Loan Limits by County

The California 2015 Conforming County Loan Limits have been set for Conventional (Fannie Mae & Freddie Mac) and FHA financing. California had just four counties where both the Conventional and FHA loan limit increased and no counties in which the loan limit decreased. Conventional conforming loan limits were announced by the Federal Housing Finance Agency (FHFA) […]

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Waiting Period After Foreclosure and Mortgage in Bankruptcy Reduced

Fannie Mae reduced the waiting period for borrowers who foreclosed after discharging the mortgage debt through bankruptcy to just 4 years!  Details can be read in Fannie Mae’s Selling Guide SEL-2014-10. Previously, homeowners who included a mortgage in bankruptcy were forced to comply with the foreclosure and/or deed-in-lieu of foreclosure waiting period of 7 years.  […]

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CalHFA Increases Maximum DTI Ratio Limit to 45%

Good news!  The California Housing Finance Agency (CalHFA) just announced they will increase the maximum DTI ratio limit from 43% to 45% when using a CalHFA, CalPLUS first lien and combining it with the CHDAP down payment assistance silent second mortgage program.  See CalHFA Bulletin 2014-06 The Consumer Financial Protection Bureau (CFPB) recently put into […]

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2014 California Conforming-FHA-Jumbo Loan Limits by County

After much talk of reducing the maximum Conventional Conforming and High Cost (Jumbo) County loan limits in California for 2014, FHFA announced the $417,000 loan limits will remain unchanged for Fannie Mae/Freddie Mac Conventional financing. However, HUD REDUCED their FHA conforming loan limit for 2014 as announced in Mortgagee Letter 2013-43! FHA has ‘floors’ and […]

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