Borrowers who are considering using an FHA Mortgage to purchase or refinance in San Diego and San Diego Mortgage Brokers should be happy to hear the recent annoucement that FHA’s higher loan limts have been reinstated. Congress recently voted to increase FHA’s loan limits back to the 2010 levels for the rest of 2011 and 2012. […]
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HUD (Department of Housing and Urban Development) recently announced that the FHA (Federal Housing Administration) will be lowering their loan limits for their high balance loan program. This program is typically for high priced counties and higher priced homes. San Diego County currently has a loan limit of $697,500. Starting October 1st, 2011 the San […]
San Diego FHA Loans What is an FHA Loan? – San Diego A San Diego FHA Loan (Federal Housing Administration) is a government loan that allows a client to purchase a home with as little as 3.5% down payment or obtain a refinance mortgage up to 97.75% Loan to Value (LTV). An FHA Loan in San Diego typically [...]
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The 2011 San Diego County FHA home loan limits are unchanged from 2010 for 1-unit properties. In fact, all counties in California will have the same FHA loan limits for 2011 as they did in 2010. San Diego’s FHA loan limit is $697,500. FHA loan amounts below $417,000 are considered “conforming” and will have slightly […]
In my last post about Jumbo Loans, I discussed the availability of a 30 year Fixed Jumbo Loan up to $2 Million at 80% financing, and how great this was for those looking to purchase or refinance higher end homes in San Diego County or other high price areas of California. In today’s post I […]
The Federal Housing Administration (FHA) just announced on Tuesday February 15th that they will be increasing the annual mortgage insurance premium that they charge on all new purchase or refinance transactions after April 18th, 2011. The increase will be .25% on all FHA forward mortgages. On a 30 year FHA loan with a Loan to Value […]