VA Mortgage Loan Limits for California Will Go Up in 2019
Are you in the military? Do you plan to buy a home in California in 2019? If so, you'll be glad to know that the VA loan limits for California will be going up in 2019, in response to rising…
Maximum Conforming Mortgage Amount in California Going up in 2019
In November, the Federal Housing Finance Agency (FHFA) announced that it was increasing conforming loan limits for most counties across the country. In 2019, California loan limits will range from $484,350 to $726,525, depending on the county. FHA and VA might go…
Access to California Jumbo Loans Increases as Home Prices Keep Rising
Home prices across California have risen steadily over the past few years. As a result, more and more home buyers are using jumbo loans in California, to finance their purchases. Fortunately, access to these mortgage products has improved. A recent…
Report: Many California First-Time Buyers Prefer FHA Loan Program
A lot of first-time home buyers in California lack the funds needed to make a large down payment on a home purchase. So many of them turn to low-down-payment mortgage programs such as the Federal Housing Administration (FHA) loan program.…
Report: San Diego Is the #2 County in the Nation for VA Loan Usage
VA loans are popular in San Diego County, due to the large population of service members who are stationed there. According to a 2018 recent report by the U.S. Department of Veterans Affairs, San Diego was the #2 county in the nation…
Minimum Down Payment for a Bay Area Home Purchase: Summer 2018 Update
It's no secret that the Bay Area real estate market is expensive. Home prices here have risen steadily in recent years, largely due to a shortage of inventory. As a result of these trends, many home buyers have questions (and…
Bank Statement Loans in California Are Ideal for the Self-Employed
Are you currently self-employed? Do you plan to buy or refinance a home in California sometime soon? If so, you should know about the benefits of bank statement loans in California. This is a unique financing option that could help…
How Much Are VA Loan Funding Fees in California?
Summary: VA funding fees in California can range from 1.25% to 3.3% of the loan amount. These required fees can be paid in cash or "rolled" into the loan. Some borrowers, including disabled vets, do not have to pay them.…
Maximum Conventional Loan Size for the Bay Area in 2018
The maximum conventional mortgage loan amount for the Bay Area of California was increased for 2018, due to significant home-price gains that occurred during the previous year. (This is for a conforming loan. Jumbo mortgages can exceed these limits.) Here…
The VA Loan Process in California: Updated for 2018
Are you planning to buy a home in California with a VA loan sometime in 2018? Smart move. This program offers a lot of benefits for borrowers. At this point, you probably have questions about how the process works. Here's…