The cost of buying a home or refinancing a home with FHA financing in San Diego County just became more affordable! President Obama has announced that there will be a reduction in FHA (Federal Housing Administration) insurance premiums. This announcement is great news for both prospective new home buyers and existing home owners who are […]
HUD just announced last week the new FHA loan limits by county for 2014. Home buyers in San Diego will be surprised by how much the loan limits were decreased. San Diego experienced the largest decline of any Southern California County. You can see the current limits, new 2014 limits, and the amount of change […]
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 […]
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 […]
The Federal Housing Administration (FHA) announced Wednesday that it will be making some major changes to its programs in an effort to shore up its finances. That means buyers who were hoping to get a San Diego Home loan using the FHA program need to take action soon or will have to comply with the […]
The 2013 San Diego County FHA loan limits will remain the same as 2012. The maximum loan limit will stay at $697,500 for San Diego FHA loans. FHA loans with loan amounts below $417,000 in San Diego are considered “conforming” and will have slightly lower rates and less stringent guidelines. FHA Loans in San Diego […]
On June 11, 2012 the Federal Housing Authority instituted a new policy designed to help homeowners refinance their homes through its San Diego FHA Streamline Refinance program. The new policy is designed to help qualified homeowners lower their interest rate and payments to historically low levels without the added burden of having to pay another […]
FHA Streamline Refinances in San Diego have become even easier and more attractive for those homeowners who originally took out their FHA loan prior to June 1st, 2009. New guidelines have gone in effect for those FHA homeowners to allow them to complete a San Diego FHA Streamline at incredibly low rates, almost no up-front […]
