Qualifying For FHA Loans To Become Tougher, Costlier

Last month FHA announced increase in mortgage insurance premium and prolonging cancellation of mortgage insurance (read the full report here). But looks like those steps are not enough to restore FHA’s reserve requirements as mandated by congress. FHA commissioner and government are proposing/considering several new proposals that would make qualifying for FHA loans tougher and […]

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2013 FHA Loan Limits For California(CA), Oregon(OR) And Washington(WA)

Federal Housing Administration (FHA) recently announced 2013 maximum loan limits for California, Oregon and Washington FHA mortgages. While the “floor” and maximum high-cost limit remained the same nationally, for some counties the loan limits changed. Every county will at least have the “floor” as their loan limit, also called FHA’s minimum loan amount limit per […]

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California Mortgage Rates Increase For The Week – Outlook Gets Worse

According to Mortgage Bankers Association’s (MBA) weekly mortgage application survey, mortgage rates for California borrowers (and rest of the country) increased for the week ending December 14, 2012 from the last week. The mortgage rates increased for 30 year fixed mortgages for both conforming and FHA loans. To make matters worse points (also called origination […]

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Say No To Mortgage Insurance (PMI) – 80/10/10 Loan Is Here

If you have only 10% downpayment and do not wish to pay a private mortgage insurance (PMI), we have the right solution for you – 80/10/10 loan. Yes, it’s back and this post will give you all the details you need to know. How does an 80/10/10 loan work? Usually, a 2nd mortgage or a […]

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VA Home Loans Eligibility Requirements, Rates, Loan Amounts and Funding Fees

Veterans Affairs (VA) home loans are mortgages that are insured by VA. The loans are made by mortgage lenders and banks. Service members, veterans and eligible surviving spouses may qualify for VA home loans. Note that this post is ONLY about home purchase loans utilizing VA loans – same guidelines may not apply for VA […]

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Conventional Loan Limits for 2013 Announced; Jumbo Limits to $625,500

The Federal Housing Finance Agency (FHFA) announced last week that the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2013 will remain at existing levels. In most of the country, the loan limit will be $417,000 for one-unit properties. The loan limits are established under the terms of the […]

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Buying a Home After Short Sale, Foreclosure, Bankruptcy or Charge Off

Mortgage Meltdown of 2007 and rapid depreciation in real estate prices post that, resulted in financial crisis for a lot of homeowners. As a result of which, several of them went through a foreclosure, short-sale or bankruptcy. If you are one of those you must be trying to find out – how soon you can […]

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12 Ways To Go Green In Your Home

Today, it is easier than ever to create an environmentally friendly home. There are so many different ways and simple steps you can take at home, to help greenify your house and help the environment at the same time. Switch all of the light bulbs in your house to compact fluorescent light bulbs. Cfl’s use […]

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A Slew Of New Guidelines Can Clip Mortgage Origination By 20%

Since the mortgage meltdown of 2007, the industry has been hit with a slew of regulations. While consumer advocates think much still needs to be done, industry insiders and some outside experts thing the pendulum has swung too much on the other side and is impacting the housing recovery. A recent study by American Action […]

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Fremont Mortgage Lender- Get Rate Quote For Refinance or Purchase

Looking for a top rated Fremont,CA mortgage lender/company to get a no closing cost rate quote for refinance or home purchase? You have reached the right place. Arcus Lending is a direct lender and has been featured on several national media like NBC, CBS, FOX, ABC, Yahoo! News among others. We have a perfect 30/30 […]

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