CalHERO is a new mortgage program to help California’s HERO Teachers, Public Employees, Police, Nurses, Firefighters, first responders purchase or refinance a home. CalHERO was created as an affordable financing alternative to the suspended CalSTRS® 80/17 Teacher loan and discontinued CalPERS® public employee home loan program. The CalHero Mortgage Program is offered exclusively by Supreme […]
The US. Dept. of Housing and Urban Development (HUD) offers a home buying and mortgage program for Teachers (Pre-K-12), Police and Law Enforcement, Firefighters, and EMT/Emergency Responders, called the Good Neighbor Next Door Program (GNND). The Good Neighbor Next Door program allows eligible buyers to purchase homes in targeted revitalization areas for 50% off the […]
The 2014 Riverside County, California VA loan limits and Jumbo loan amounts have been announced by the Dept. of Veterans Affairs. Fortunately, the VA loan limit in Riverside County for 2014 remains at $417,000, the same as last year. Related Post ==> How to Qualify for a VA No-No Mortgage While FHA was busy reducing […]
When a veteran or active duty serviceman in California is using their VA loan Guaranty Benefit to purchase a home, they need to know it’s possible to secure a VA No-No mortgage loan. What is a VA No-No Mortgage? A VA No-No mortgage is when a person using their VA home loan benefit literally pays […]
The U.S. Dept. of Veterans Affairs VA Loan Guaranty program just published the California 2014 VA home high cost county loan limits. Kind of like Goldilocks and the 3 Bears, some counties went up, some down, and some remained the same. The maximum guaranty amount for loans over $144,000 is 25% of the county loan […]
2014 is shaping up to be another year of significant change in the mortgage and real estate industry that will affect home buyers, home owners and others involved in the real estate and finance industry. My goal is to explain and help you understand How the Qualified Mortgage and Ability To Repay Rule will impact […]
HUD just announced a big reduction in the Riverside County max FHA loan limit, down to $355,350, starting January 1, 2014. That’s a $144,650 928.9%) reduction in maximum loan limit! Loan Limits updated for 2018 view here Riverside County had the 1oth highest decrease in FHA loan limit statewide and the most in Southern California. You […]
