Loan Programs

Are you in the market to buy a million dollar plus home in San Diego, but don’t want to put 20% down in order to get your San Diego Jumbo Loan? Then, I have a solution for you! As a Mortgage Broker and Banker, I have access to a program that allows us to go to [...]

As a Mortgage Broker located in San Diego, I know how the recent recession and current economic stagnation caused a lot of people in San Diego to lose their homes. It cause many people to get caught and mired in extenuating financial difficulties. For many San Diegans, things have begun to improve. You might be recovering financially and […]

Fannie Mae recently announced that they would be making some significant changes to their automated underwriting system, which they call desktop underwriter (DU).  Version 9.1, as they call it, will be released on the weekend of November 16th. As a San Diego Lender, there are a few items that stand out to me, which will […]

On Thursday April 11th, the Federal Housing Finance Agency (FHFA) directed Fannie Mae and Freddie Mac to extend the Home Affordable Refinance Program (San Diego HARP 2.0) by two years to December 31, 2015. “More than 2 million homeowners have refinanced through HARP, proving it a useful tool for reducing risk,” said FHFA Acting Director […]

Reverse Mortgages Explained I had the privilege of being on the Word on Wealth radio show on KPRZ (K Praise) with my father, Jerry Sleder, on Monday to discuss San Diego Reverse Mortgages.  I have posted the audio below for those who were not able to listen or did not know we were going to [...]

San Diego VA Streamline Loans The San Diego VA Streamline Loan or VA Interest Rate Reduction Refinance Loan (IRRRL) allows borrowers to lower their interest rate by refinancing their existing San Diego VA home loan. In order to use the San Diego VA streamline, the loan being refinanced must be a VA loan.  The Veteran [...]

The San Diego HARP 2.0 Refinance Program is still going strong.  Although San Diego Mortgage Rates have crept up lately, if you are considering a HARP 2.0 refinance, the rate you can get today will still be far superior to your current rate from 2009. I am currently helping 2 sisters who bought a rental […]

HUD (Housing and Urban Development) recently announced several changes that not only affected FHA loans, but also San Diego Reverse Mortgages. In an effort to strengthen FHA and the reverse mortgage program, HUD has decided to eliminate the Standard Fixed Rate Option for their HECM (Home Equity Conversion Mortgage) program starting April 1st, 2013. The […]

In an article I posted last week, titled “San Diego FHA Home Loans Will Undergo Big Changes Soon”, I talked about a number of changes that HUD recently announced regarding their FHA program.  That announcement though, did not have any implementation dates and was week on specifics. In Mortgage Letter 2013-04 released on Monday, HUD […]