Tag Archive for: fha loans

Buy A House With As Little As 3.5% Down Using FHA Loans

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Federal Housing Administration (FHA) loans are a popular financing option among home buyers - especially those in the Bay Area who are contending with high property prices. One of the major appeals to this program is the minimum required down payment. FHA financing allows you to purchase with 3.5% up to the County loan limit. Given this, it is very popular amongst cash-strapped buyers.  Read More

FHA Loans Available For Condo Buyers

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First-time homebuyers will appreciate the new FHA guidelines for condo buyers because they promote affordable and sustainable homeownership.Read More

What Do FHA Appraisers Do During Property Appraisals?

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FHA loans are currently one of the most common mortgage financing choices among homebuyers in California and Texas. FHA loans are supervised by the Department of Housing and Urban Development (HUD). Because of this, HUD defines all of the regulations for FHA loans in California, including home inspections and appraisals.Read More

Homebuyers Use Less Than 20% For Down Payment On Home

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According to recent data, more than half of all homebuyers in California, Texas, and nationwide make their down payment with less than 20% when purchasing a home. This is additional evidence to discard the myth that homebuyers must put down 20% to be eligible for a mortgage loan.Read More

FHA Loan Requirements For Texas Homebuyers

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The Federal Housing Administration (FHA) loan program has been helping homebuyers since its implementation in the 1930s. Today, it’s one of the more popular mortgage financing options, but there are some general criteria you should be aware of when considering an FHA loan.Read More

FHA Loan Requirements for California Homebuyers

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The Federal Housing Administration (FHA) loan program has been helping homebuyers since its implementation in the 1930s. Today, it’s one of the more popular mortgage financing options, but there are some general criteria you should be aware of when considering an FHA loan. Here’s a look at California FHA loan requirements.Read More

First-Time Texas Homebuyers Should Consider FHA

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Federal Housing Administration (FHA) loans are an excellent option for first-time homebuyers looking to buy in the competitive Texas market. FHA loans have low down-payment financing options with flexible underwriting guidelines that are great for Texas homebuyers with liquidity or credit issues.Read More

No VA Loan Limits! FHA and Conforming Loan Limits Way Up!

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VA LOAN LIMITS ELIMINATED – 2020 When “VA loans” first surfaced in 1944, the average cost of a house was only $8,600, making “loan limits” a nonconcern for the most […]Read More

3 Reasons to Make Smaller Down Payments

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We recently had a borrower with ample income and about $70,000 of liquid assets try to squeeze into a $600,000 home with 10% down. She wanted to put as much […]Read More

More Condo Reminders – Non QM; Owner Occ Ratios; Condo vs. Townhome; 12 Considerations

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Below are a few more reminders for condo buyers. Non-QM Loans for Condos There is a condo complex near our office that is still 25% owned by the developer. This […]Read More

FHA & VA Myths

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LOAN OFFICER QUOTES RIDICULOUS FHA RATE We hosted a large first-time homebuyer seminar last week and one of the attendees had just been pre-approved by another lender for FHA financing. […]Read More

FHA & VA Myths, Rates and Refi’s

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LOAN OFFICER QUOTES RIDICULOUS FHA RATE We hosted a large first-time homebuyer seminar recently and one of the attendees had just been pre-approved by another lender for FHA financing. The […]Read More

52% of Homebuyers In California & Nationwide Have Down Payments Less Than 20%

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FHA loans are an excellent option for California homebuyers who are in the market to purchase a property but are lacking the funds for a 20% down payment.Read More

First-Time Homebuyers Should Consider FHA Loans in California

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Federal Housing Administration (FHA) loans are an excellent option for California first-time homebuyers looking to buy in the competitive California market. FHA loans in California have low down-payment financing options with flexible underwriting guidelines that are great for homebuyers with liquidity or credit issues.Read More