The new Stimulus Package loan limits are here, and we have had a couple weeks to see how the banks would digest the new loan limits (up to $729,750 in certain markets). For instance, the new loan limit in Los Angeles, CA is $729,750, while the limit for San Diego, CA is $697,500. The Seattle ar
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04/16/2008
The new Stimulus Package loan limits are here, and we have had a couple weeks to see how the banks would digest the new loan limits (up to $729,750 in certain markets). For instance, the new loan limit in Los Angeles, CA is $729,750, while the limit for San Diego, CA is $697,500. The Seattle ar
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04/16/2008
HUD has announced new rules requiring 2 appraisals on FHA loans that fall under the new stimulus package loan limits (those loans over $362K). While this may seem prohitibitive at first glance, and it will add to the time & expense of an FHA loan, it is a relatively easy hurdle to work with.
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04/10/2008
HUD has announced new rules requiring 2 appraisals on FHA loans that fall under the new stimulus package loan limits (those loans over $362K). While this may seem prohitibitive at first glance, and it will add to the time & expense of an FHA loan, it is a relatively easy hurdle to work with.
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04/10/2008
I have been getting requests for this info, so here it is, all in one bite size chunk. The mortgage limits set by HUD for FHA loans (Federal Housing Administration) for California counties were raised in March. The new limits are set relative to the median price of homes in each county. The ba
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04/03/2008
I believe the Real Estate market is going to be quite alive this summer as bargain shoppers take advantage of distressed sales such as Short Sales, Foreclosures, Bank owned properties, REO's, etc. I have seen some homes in my area enter escrow in less than a week, an unheard of phenomenon in th
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04/02/2008
They are now here. FHA Jumbo loans. The new stimulus bill allows FHA loans up to $729,750 in the highest cost markets. Even if you are not in one of these markets, your loan limits have increased. Click here to access the limits for your area. (pdf will take a moment to load). These loans are f
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04/02/2008
Strange as it may sound "100% financing" for commercial properties still exists. We offer this program for owner occupied commercial space. It is very popular with Commercial Condo's for purchase & build-out. We can finance the base purchase price, the build-out of the interior, and sometime
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04/02/2008
FHA Loans guaranteed by HUD are fast becoming the loan of choice again for first time homebuyers and also those buyers who do not want to put 5, 10 or 20% down payment on their new home (there is good reason to keep your assets in other areas, that will be another post, or call me to find out why
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04/02/2008
