Category Archives: FHA news

New 2015 FHA Guideline Changes

New 2015 FHA guideline changes take affect September 14, 2015.  Most changes are constricting. We’re going to highlight some of these changes that California home buyers, Realtors and the general public need to know. Deferred student loan debt is now going to be added as a monthly obligation even though it’s in deferment.  The lender will do […]

FHA Loans Are Better For Recent College Grads.

Pic credit to T0zz FHA loans offer more flexible options and guidelines for a college grad who is now a prospective homebuyer looking to secure a California mortgage. If a borrower has less than a full time 2 year work history, FHA will allow school attendance history toward the 2 year work history.  So if […]

Foreclosure And Short Sale Waiting Periods Before Buying A Home Again

Okay. The hurt is over.  You’ve moved on to a new home after losing your home to foreclosure or a shortsale.   But now your situation has improved and you’re now thinking about owning a home again in the future but how long will the credit world hold your traumatic event against you?  Well there’s several […]

PMI Is A Tax Deduction? Who Knew?

PMI, otherwise know as private mortgage insurance, is that nasty insurance borrowers have to pay that protects the lender on a California mortgage when buying or refinancing a home and your first trust deed is greater than 80% of the appraised value. For much of the past decade, borrowers opted for a first and second mortgage […]

FHA Underwater Refi option for a California real estate loan.

FHA has recently unveiled a real estate loan option for homeowners who are looking to obtain a lower interest rate on their current home loan but don’t have enough equity to qualify.  The maximum loan to value on the new loan is 97.75% meaning that the new FHA loan 1st mortgage loan can represent no more […]