RECENT BLOG POSTS
The FHA loan limits for Orange County, CA had temporarily dropped from $729,750 down to $625,500 on October 1, 2011. But on Friday, November 19, President Obama signed a new bill that reinstates the higher loan limits for FHA loans in high cost areas, like Orange County and Los Angeles County. FH...
11/22/2011
Buying a home in Orange County, CA is not the easiest thing to do. But it's not as difficult as some make it out to be. Long gone are the days of needing 20% down payment to purchase a home. While zero down loan programs are mostly gone, except for a few specialized programs like the VA loan, whi...
11/19/2011
In Orange County, CA Veterans have a few different options when it comes time to purchase a home. They can either go with a $0 down standard VA loan, or the CalVet program, which also has options for $0 down. But which is better? It can depend on several factors, including current interest rates ...
09/28/2011
The Department of Vertans Affairs announced on September 8, 2011, via VA Circular 26-11-12, that the Funding Fee will drop lower for VA loans closed on or after October 1, 2011. While we rarely get good news on the lending front these days, it is nice when something comes out that will actually s...
09/21/2011
The VA Loan Limit in Orange County will remain at $700,000 on Zero Down purchases until December 2011. This "high balance" 100% financing loan limit is good through December 31, 2011. While the FHA and Conventional (Conforming) loan limits are going lower at the end of September 2011, the VA limi...
09/12/2011
The Asset Depletion mortgage loan is a great program for helping wealthy Orange County, CA home buyers qualify for a loan despite not having "enough" verified income on their tax returns. Over the past few years homes in upper end communities of Orange County, like Newport Beach and Laguna Beach,...
05/05/2011
Jumbo Loan financing in Orange County is making a comeback, as can be seen by the usage of the Pledged Asset Loan program. The Pledged Asset loan program allows a home buyer to buy a luxury home without continuing to control assets that would otherwise have been used on the down payment.Example o...
04/27/2011
Foreign Nationals have had a difficult time finding financing to purchase homes in California. But over the past few months some Portfolio lenders have begun to offer home loans for this "niche". While this is truly a "niche" and does require a large down payment, the Jumbo underwriting guideline...
04/20/2011
Yes, it is possible to purchase a $700,000 home in Orange County, CA with NO Down Payment, ZERO DOWN, using a VA loan. While there are some lenders who may not allow it, according to VA loan guidelines, Orange County VA lenders can fund 100% financed properties up to a $700,000 price. (This also ...
03/28/2011
The FHA 15 year fixed program is a great program for Orange County home owners and home buyers. While the downside is the higher payment that comes with a shorter amortization, for those that can handle it, there are thousands of dollars to be saved. Prior to 2007, many homeowners and people in t...
01/13/2011