NEWS AND INFORMATION FOR HOME BUYERS


Our experts answer your important mortgage lending questions.

“More Supply, Less Demand” Means it’s a Buyer’s Market

October 8th, 2018|

Southern California home prices kept rising this summer, but sales fell as questions grow over whether the torrid housing market is finally cooling. Excerpted from Los Angeles Times  The median sales price in the six-county region

New Down Payment Assistance Program: Platinum Select

September 24th, 2018|

There’s a new down payment assistance program, and it’s designed especially for homebuyers employed in service fields. It’s the Platinum Select program from Golden State Financing Authority (GSFA). The GSFA Platinum Select program is

VA Loans and Mortgage Insurance

July 15th, 2018|

It's true: Veterans who purchase a home with a VA loan are not required to carry private mortgage insurance (PMI). PMI is otherwise required of all borrowers paying less than 20% down; it can

What is a Non-QM Mortgage?

June 6th, 2018|Comments Off on What is a Non-QM Mortgage?

Non-qualified mortgages (often referred to as non-QM loans) are products are designed to potentially accommodate specific

GSFA Platinum Program: New Income Limits

February 12th, 2018|Comments Off on GSFA Platinum Program: New Income Limits

Effective immediately, the income limits for the GSFA Platinum program have been updated. The GSFA Platinum gift

2018 Home Loan Limits: Changes for the New Year

January 2nd, 2018|Comments Off on 2018 Home Loan Limits: Changes for the New Year

As is often the case, the new year means new loan limits for home loan borrowers.

HUD Announcement: FHA to Stop Insuring PACE (HERO) Loans

December 26th, 2017|Comments Off on HUD Announcement: FHA to Stop Insuring PACE (HERO) Loans

On December 7, 2017, the Department of Housing and Urban Development (HUD) announced that the Federal

FHA Loan Credit Score Questions

November 14th, 2017|Comments Off on FHA Loan Credit Score Questions

When we speak to prospective home buyers who are interested in applying for FHA loans, credit

Why Would a Home Loan Fall Through?

July 9th, 2017|Comments Off on Why Would a Home Loan Fall Through?

When a home loan transaction falls apart, it results in disappointment for