Buying your first home can be a challenging, costly experience, especially in California. Fortunately, the CalHFA or California Housing Finance Agency offers several first-time home buyer loan programs for those individuals who are eligible. CalHFA Advantages and Eligibility Requirements In order to be eligible for a CalHFA loan, the state […]
How Bank Statement Loans Work
Are you a self-employed house hunter searching for real estate in the San Francisco Bay area? For those interested in the East Bay, Concord, Pleasant Hill, and Richmond are all housing markets to consider; after seven years of rising home prices in the general area, in 2019 year-over-year prices are […]
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 home values. This will allow military home buyers to borrow […]
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 up as well. California Loan Limits Go Up for 2019 […]
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 industry report showed that jumbo loan availability in California and […]
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. In fact, an August 2018 report published by the Urban […]