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 […]
Low Down Payment
If you’re active duty military personnel, a qualified veteran, or a spouse of either, you are eligible for a 100% VA cash-out refinance loan if you live in the San Diego area. Not many lenders offer a 100% cash-out VA loan. In fact, most will only go to 90% or 95%. I have access as […]
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 [...]
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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 […]
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 […]
In 2013, VA Loans in San Diego County will have a limit of $500,000 for 100% financing. This is an increase from $477,000 for 2012. VA Home Loans in San Diego are available above $500,000 with a small down payment. As a San Diego Mortgage Broker, we have lenders who will go up to $1.5 […]
The American Taxpayer Relief Act of 2012 was passed on January 1, 2013. The ATRA included a benefit for those who have or will choose a Low Down Payment Loan in San Diego with Mortgage Insurance. Borrower-paid Mortgage Insurance (MI) premiums are now tax-deductible through 2013. They have also been made retroactively tax deductible for […]