Another year, another increase in the conforming loan limits for Alameda County (and most of California). Toward the end of 2020, federal housing officials announced they would be raising these limits in response to rising home values across the U.S.…
The threshold that separates conforming and jumbo mortgage loans has gone up for 2021, in all nine counties that make up the San Francisco Bay Area. Federal housing officials made this change in response to rising home values nationwide. In…
In a previous blog post, we talked about the different types of mortgage insurance that are required for most FHA loans. Today, we'll zero in on the upfront mortgage insurance premium, from a California home buyer's perspective. At a glance: In…
This year, 2020, was a big one for California VA loans. According to the Department of Veterans Affairs, more VA loans were originated in 2020 than the two previous fiscal years combined -- 1.2 million loan, to be exact. Below,…
Home values in Solano County, California have increased over the past year or so. As a result of this trend, federal housing officials will be raising the FHA and conforming loan limits for Solano County in 2021. Starting in January…
The Department of Housing and Urban Development (HUD) recently announced that California FHA loan limits will be increased for 2021 in response to rising home values nationwide. Starting in January, California FHA loan limits for home buyers will range from…
Rising home values across the San Francisco Bay Area have prompted federal housing regulators to increase the conforming loan limits for Contra Costa County in 2021. The loan limit for a single-family home in the area will go up to…
Bay Area home prices have risen steadily through most of 2020, despite the ongoing economic effects of the coronavirus pandemic. As a result, the conforming loan limits for all Bay Area counties will go up in 2021. This change was…
A new report from the U.S. Department of Veterans Affairs showed that 2020 was a big year for VA loans. It also revealed the average VA loan amount in California, which is currently $482,754 for purchase mortgages. Once again, California…
Are you currently stationed at Travis Air Force Base? Do you plan to buy a home in Solano County, maybe in the Vacaville or Fairfield area? Do you need a mortgage loan to help finance your purchase? If you answered…
