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FHA Archives -
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How Much Can Seller Concessions Give on an FHA Loan in California?

It’s pretty amazing that you’ve saved up a good amount for a down payment on the average priced home in Southern California. Then you find out how much closing costs are during the pre-approval process. You realize this might cut into your reserves fund. Suddenly money is a barrier between you and the home you…

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FHA loan limits Orange County

Orange County FHA Loan Limits Increased for 2022

Summary: Due to an increase in home prices in Orange County, FHA loan limits in Orange County, California have risen for the year 2021. In this blog post, we’ll go over the amount the limits went up for 2021 in Orange County, and how it affects you. If you’re one of the many prospective home…

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conventional mortgage 97 ltv

Do New Conventional Loans Compete Against Government Loans?

Government-backed Home Loans FHA home mortgage loans offer home buyers a excellent low-down payment solution at 3.5% for various income and credit score tiers. Even with credit below 580, the down payment is attractive at 10% down. Then, you have the zero down payment options from the VA and USDA loan programs helps specific borrowers…

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saving money

Best Low Down Payment Programs for Home Buyers

While many prospective home buyers focus solely on interest rates, an equally, if not more significant item, is the availability of mortgage programs that help buyers. This includes those purchasing for the first time in three years known as first-time home buyers. First-time home buyers made up one-third of home sales in June 2016, which…

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mortgage advice

Qualify for a Mortgage With a Non-Occupying Co-Borrower

Sometimes a little assistance is needed to get started in life when you don’t qualify on your own for a car or a home loan. The solution many use to get a co-signer. A cosigner, essentially a co-borrower, is someone who signs a legally binding agreement to repay the loan based on a number of…

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young couple in front of home

Q & A on Orange County FHA Loans

Orange County FHA Frequently Asked Questions (FAQ) What defines a mortgage as an FHA loan? It is a mortgage loan insured by the Federal Housing Administration (FHA). The loan is not made by the government but is it insured against borrower default with its mortgage insurance aspect which is significant. What are the primary benefits…

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New homeowners with house keys

Enticing Loan Programs for Orange County First-time Home Buyers

If you are a first-time home buyer determined to find a property, then the following tips will be useful if you’re prepared to begin the process. Become familiar with the selling prices of homes in your desired location. Conduct a search on the MLS for listings in your area from a local realtor’s website, or…

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home loans below their value

Home Loans in Orange County Far Above Being Underwater

Fewer underwater mortgage holders, but Las Vegas still at the top of the mountain.  The share of Las Vegas homeowners who are underwater continues to move downward, but it continues to be the highest of all large U.S. cities. As of January, 2016,  22.1 percent of Southern Nevada homeowners with home loans owe more than…

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San Diego coastal homes

2016 Loan Limits Rise in 4 California Counties

On, December 16, 2015, the Federal Housing Administration made available the maximum mortgage limits for 2016. Loan limits will be going up for 188 counties as a result of appreciation in home values, and absolutely no counties in the U.S. will see their loan limits decreased. In California, among the areas benefiting from increased loan…

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3 bed 2 ba home financing in Aliso Viejo

Which 3 Percent Down Mortgage Program is Best: FHA or Conventional 97?

On January 8, 2015, President Obama reported there will be a reduction in the FHA annual mortgage insurance premiums (MIP).  Following that announcement, the National Association of Realtors (NAR) predicts that a reduction in the yearly MIP .50 to .85 percent will make it possible for a good number of first-time home buyers and get…

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