California FHA Loan Limits for 2018

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The table below shows the maximum FHA loan size for all California counties. These limits apply to FHA-insured mortgage loans with case numbers assigned on or after January 1, 2018. They will remain in effect through the end of that year. County 1-Family 2-Family 3-Family 4-Family ALAMEDA $679,650 $870,225 $1,051,875 $1,307,175 ALPINE $463,450 $593,300 $717,150… [Read More]

Getting A Mortgage: 5 Steps For Ease And Success

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Whether you are a potential home buyer, looking to find a home of your own, or an existing homeowner, who seeks better terms and/ or rate on your mortgage, it’s important to know a little more about the process of getting the best one, at the best terms. Since the vast majority of individuals use a Mortgage loan to pay for… [Read More]

New Loan Program Has Opened Doors for Poor Credit Borrowers

Happy_HomeBuyers_Blog

The Federal Housing Administration, or FHA, has some exciting policy changes that now opens the doors for many of our clients. It was previously believed that a minimum of 580 is needed to make the minimum down payment of 3.5% using FHA financing. However, many lenders require a score of 620 to 640 to qualify…. [Read More]

Private Money vs. Hard Money Loans

Hard Money

There is a common misconception that private money loans and hard money loans are one and the same. The reality is that hard money loans are a form of private money but private money loans are not always hard money. A hard money loan is a specific type of asset-based loan financing through which a… [Read More]

When to Use Private Money Financing

Poor Credit

I’ve talked to so many borrowers that think they cannot qualify for a loan due to their credit or credit history. Typically, when working with conventional mortgage financing, this can be the case, however when you tap into the private money lending arena many times you will be surprised that there are loans out there… [Read More]