Planning on buying or refinancing a home in 2019? You couldn’t have picked a better time for it! We’ve got some fabulous news to welcome in the New Year, and that is that conforming loan limits have taken a jump! Straight from the Federal Housing Finance Agency, the baseline limit for Fannie Mae and Freddie Mac has increased from $453,100 in … [Read more...]
VA Approved Lenders – How to Find One in San Diego
Since the 1940s, when the US Government first initiated the military loan program for allowing returning military service members to purchase affordable homes, the process of obtaining VA loans has changed to a considerable extent. Today, countless lenders and VA loan programs exist throughout the country to meet these needs, their eligibility … [Read more...]
Do You Qualify for a VA Loan?
Veteran affairs mortgages also known as VA loans are becoming increasingly popular as the conditions for obtaining conventional bank loans from banks are becoming stricter and stricter. This immense popularity of VA loans is due to numerous factors. Most of all, the no-down-payment character of these loans makes the loans more affordable than … [Read more...]
How to Find VA Approved Lenders
Veterans who have served at least 90 days in active duty in a war zone or the minimum of 181 days outside war zones, in times of peace, qualify for mortgage loans with special conditions. These loans available for purchasing a house or a condo and offered for veterans are called VA loans, the abbreviation standing for Veteran Affairs. In order to … [Read more...]
Top 5 VA Loan Myths
There are numerous, very common and widespread myths when it comes to VA loans. Many of those who would qualify for a VA mortgage are put back by all the rumors that tell them these mortgages are very hard to obtain and even harder to pay back ,refrain from getting such a mortgage. However, you must be aware that VA loans are actually among the … [Read more...]
Why Get A San Diego VA Mortgage?
Obtaining a VA mortgage in San Diego is an excellent idea for more than one reason. In what follows we would like to present just a few of the incredible benefits of living in the area as such, as well as some of the advantages you can enjoy if you apply for a VA loan in the city. Fair Weather and Breathtaking Scenery in a City that Has so Much to … [Read more...]
How to Compare Home Loan Rates
Finding the lowest-cost home loan can be confusing. But, it has gotten easier thanks to the standardized good faith estimate, or GFE, that the U.S. Department of Housing and Urban Development implemented in January. The new GFE clearly specifies your interest rate, the number of points you're paying for such rate, and lays out the terms of the … [Read more...]
What is a VA Funding Fee?
I am often asked what is a VA funding fee? A VA funding fee is just like an insurance policy for the lender that loans the money for the home. The VA 'guarantees' the lender against default. So if something goes wrong and the homeowner can no longer make the payments, the lender will be covered for any loss by the VA. Unfortunately just like … [Read more...]
What is a VA Mortgage?
A VA loan is an amazing program that is eligible only to those who have been honorably discharged in the military or who are still active duty. In order to be on a VA loan you must either be a veteran, or married to a veteran. VA loans require NO money down up to the maximum $477,000 in San Diego County and $621,000 in Los Angeles and Orange … [Read more...]
Apply for VA Loan
Apply before you buy. As a home buyer, it's best to contact a lender before signing a contract for a home. Getting pre-approved helps you to determine your maximum mortgage amount. When starting the VA loan approval process, you will want to make sure that you are prepared to review your past/present job history and credit history - as these will … [Read more...]
