RECENT BLOG POSTS
VA is one of the most unique loan programs available in Orange County, primarily because of a Veterans ability to purchase a home with no down payment up to a price of $625,500. (2016 100% Limit) But what many Orange County Veterans don't realize is that VA also allows for cash out refinancing ...
05/15/2014
0
Comments
The VA loan program is a great way for a Veteran to buy a home in Orange County, since it allows for 100% financing and has no mortgage insurance. But what many don't realize is that it can be used more than once. As a matter of fact, there is not a limit to how many times it can be used. What is...
05/08/2014
It is possible to get a $1,000,000 VA loan in Orange County, CA, which is always a big surprise to people learning that for the first time. As a matter of fact, there a VA lenders willing to go as high as $1,500,000 on a VA loan. Of course, if this is true then why is everyone concerned with VA l...
04/30/2014
2
Comments
The 100% financing VA loan limits for Orange County in 2014 actually went up. The 2013 VA loan limit was $668,750, but for 2014 the 100% VA loan limit will be $687,500. This means it will be possible for an Veteran in Orange County to purchase a home for $687,500 with no down payment. *2016 limi...
01/21/2014
As announced on December 6, 2014 in the FHA Mortgagee Letter 2013-43, FHA loan limits in Orange County will be lower in 2014 versus 2013. Other California counties will be effected by the loan limit drop as well, including Los Angeles, Riverside, San Bernardino, and San Diego. According to FHA, "...
12/09/2013
1
Comments
A common question among FHA borrowers is "how can I remove the FHA mortgage insurance on my loan?" There are a few answers to that question, and it depends on a few things. Just a Few of the Questions that will lead to the AnswerWhen did the FHA loan close? What is the term of the loan? What was ...
12/04/2013
The CalVet loan program is for purchases only. CalVet borrowers wishing to refinance will need to do it into another type of home loan. The most logical type of loan is the standard VA home loan. In high cost areas of California, like Orange County, the CalVet loan program has not been too popula...
11/29/2013
The VA home loan program has very flexible credit standards when it comes to Veterans with a foreclosure or short sale. A foreclosure or short sale is not the end of the world, and the truth is that within only two years a Veteran can become a home owner again.Buy a Home Two Years after Foreclosu...
11/19/2013
The VA home loan is a fairly easy loan to close. It is of course important that several things are taken care of early in the loan process to make sure there are not surprises at the closing table, but that can be said about any loan program. So what is different about a VA home loan?What makes a...
11/13/2013
Despite the continued tightening of guidelines within the mortgage industry, there are a few new stated Jumbo Home loan programs available for high net worth home buyers in California. Although the title of this article is "stated income home loans" a more accurate description would be "No Income...
11/09/2013