100% Financing on California Mortgage Loans- Down Payment Granted

I am so pleased this loan arrived. 100% financing in 2014.  It is better than the prior, old, poorly executed, NO Down Payment Loans of the past. Banks are now offering 100% financing in California, and the Down Payment is Granted; and all is forgiven immediately at close of the purchase … [Read more...]

Changes at FHA (April 1, 2013) Means Private MI is More Competitive for your Bay Area Purchase or Refinance

Changes at FHA (April 1, 2013) Means Private MI is More Competitive for your Bay Area Purchase or Refinance

Changes at FHA Means Private MI is More Competitive than Ever As spring home buying season approaches, borrowers, lenders and real estate professionals should take a fresh look at using private mortgage insurance for the purchase or refinance of a home with less than a 20 percent down payment. In … [Read more...]

FHA To Change Its Mortgage Insurance Premium Schedule Monday, June 11, 2012

FHA To Change Its Mortgage Insurance Premium Schedule Monday, June 11, 2012

Beginning Monday, June 11, the FHA is changing its mortgage insurance premium schedule for the second time this year and the fifth time in four years. Some FHA mortgage applicants will pay lower mortgage insurance premiums going forward. Others will pay more. The new premiums apply to all FHA … [Read more...]

Mortgage Guidelines Resume Tighten As Bay Area Housing Booms

Mortgage Guidelines Resume Tighten As Bay Area Housing Booms

With an upsurge in demand, banks resumed tightening standards for residential mortgage loans, the Federal Reserve reported Monday in its quarterly survey of bank lending standards. Our nation's banks remain cautious about what they will lend, and to whom. Mortgage Standards for "Prime" … [Read more...]

Pleasanton Mortgage Rates Improve- Rates This Week, April 16, 2012

Pleasanton Mortgage Rates Improve- Rates This Week, April 16, 2012

Mortgage markets improved last week as a global flight-to-quality continued. With Spain facing questions on its sovereign debt, investors continued to pare exposure to risky assets, sparking demand for the relative safety of U.S. government-backed mortgage-backed bonds. Mortgage Rates Drop As a … [Read more...]

FHA Cost Increase Drive Bay Area Home Buyers to Conventional Alternatives

FHA Cost Increase Drive Bay Area Home Buyers to Conventional Alternatives

Recent FHA premium increases should remind real estate professionals and potential home buyers with less than a 20 percent down payment to consider private mortgage insurance as a competitive and affordable alternative to an FHA-insured loan. On April 9, FHA increased its mortgage insurance … [Read more...]

Bay Area Home Cost Increase: FHA Mortgage Insurance Increasing April 9, 2012

Bay Area Home Cost Increase: FHA Mortgage Insurance Increasing April 9, 2012

Planning to use an FHA-backed mortgage for your next home loan? Conventional loan options may be a better fit going forward. Beginning Monday, the Federal Housing Administration (FHA) is changing the way it charges mortgage insurance to U.S. homeowners. For the fourth time since 2010, FHA … [Read more...]

Cost of San Francisco Bay Area FHA Mortgages Set To Rise In April

Cost of San Francisco Bay Area FHA Mortgages Set To Rise In April

Beginning April 1, 2012, the FHA is once again raising mortgage insurance premiums (MIP) on FHA purchases, FHA refinances for its newly-insured borrowers throughout the San Francisco  Bay Area and the country. The Cost of FHA Continues North It's the FHA's fourth such increase in the last two … [Read more...]

San Francisco, Bay Area Maximum FHA Loan Limits Restored To $729,750

San Francisco, Bay Area Maximum FHA Loan Limits Restored To $729,750

After a brief return to lower, pre-2009 levels, FHA loan limits have been restored. As signed into law last Friday, maximum FHA loan limits are -- once again -- as high as $729,750 in our San Francisco Bay Area. FHA Fills Void in High LTV Financing The move creates additional mortgage financing … [Read more...]

Mesa Verde Condo Complex Approved for FHA Financing

Mesa Verde Condo Complex Approved for FHA Financing

FHA Approval has been completed for the Condo's in Mesa Verde, Hayward CA . If you or someone you know needs to purchase a unit or refinance an existing FHA loan in the Mesa Verde Condo project please message me below today. I love to work with readers that find my information on the Mortgage and … [Read more...]