RECENT BLOG POSTS
Although it may be hard to believe, it is now possible to get a Jumbo Loan only one day after a short sale, foreclosure, or Deed in Lieu in Orange County, CA. And this is not a Private Money or "Hard" money program. It also is not a 100% financing program. And definitely not a Stated Income Jumbo...
11/05/2013
2013 is shaping up to be a very big year for VA loans in Orange County, CA. Orange County, which is home to more Veterans than most counties in the country, has experienced increased use of VA financing during Orange Counties resurgent real estate market. Reasons for VA Financing Many Orange Coun...
08/27/2013
0
Comments
The FHA loan program is a great way to buy a home in Orange County, CA. FHA allows for a low down payment and fairly flexible qualifying. However, it does come with a price. The Monthly Mortgage Insurance, which was fairly low a few years ago has nearly tripled in the past 24 months. The good n...
08/12/2013
Who is responsible for paying the closing costs for the home buyer on a VA Loan in Orange County, CA? Many real estate agents and the Veterans who are buying the home assume the buyers costs need to be paid by the seller. Or that certain costs, such as the "non-allowables" need to be paid by the ...
05/27/2013
Effective August 6, 2012, the VA loan Limits for Orange County, CA were increased. This is an unexpected bit of good news. For most of 2012 the VA loan limit in Orange County was $621,000. While that sounds great, it was actually a drop from the 2011 limit of $700,000. But now, with Honoring Ame...
08/19/2012
HUD recently announced changes to the FHA Streamline Refinance program that will offer tremendous savings to current Orange County FHA borrowers. In Mortgagee Letter 12-4, dated March 6, 2012, it was announced that FHA borrowers taking advantage of the FHA Streamline Refinance program, whose FHA ...
04/24/2012
Orange County, California homeowners who have not been able to refinance up until now because of low property values may be pleasantly surprised to learn about HARP 2.0. The Home Affordable Refinance Program, also known as HARP has been around for a few years. But with new upgrades to the program...
03/17/2012
A common question among Orange County FHA borrowers is "when will the monthly mortgage insurance drop from my loan?" Many think that when their loan reaches 80% of the properties appraised value the mortgage insurance will drop off. That is not necessarily the case. For one, the target loan to va...
12/28/2011
1
Comments
VA recently released the 2012 100% financing VA loan limits for southern California. Orange County, whose 2011 loan limit was $700,000, will drop down to $621,000. Based on a revised formula for calculating the loan limit, all "high cost" areas of the country experienced a drop in loan limits. St...
12/11/2011
FHA financing has been a savior for Orange County homebuyers since the collapse of the mortgage industry in 2007. Prior to 2007 it was easy to buy a home in Orange County with $0 or very little down payment. But then things changed and low down payment Conventional financing went away. Private Mo...
11/25/2011