Orange County FHA, VA, Conventional Mortgage Blog

Getting a Jumbo loan is much more difficult now than it was 18 months ago. When the Conforming loan limits were temporarily increased in Orange County, CA to $729,750, there was some relief. But what if your loan was higher? What if you owned a property in Irvine, CA valued at $1,500,000 and need...

FHA has become the loan of choice for not only First Time Buyers, but any home buyer who has less than 10% for down payment. FHA only requires 3% (3.5% as of 1/1/2009) down, although that will change on January 1, 2009 to 3.5%, still a small amount compared to a Conventional loan. Also, FHA is fl...

HUD just released MORTGAGEE LETTER 2008-36  which listed the new FHA loan limits for Orange County, CA. The new limit is $625,500, which is good news. This new limit will be effective for FHA case numbers issued after January 1, 2009. The currently temporary limit of $729,750 will go away, but th...

We are seeing some great deals on bank owned properties right now. FHA is a great way to go on these loans and 1st time buyers are coming out of the woodwork to buy these homes. Most have good income and credit, and are buying a home that is less than they could afford if they really wanted to ma...