Category Archives: Gift Funds

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 […]

Gift Funds Have Rules for California Home Loans

  When qualifying for a California home loan gift funds and their rules are coming into play these days more often. A gift, when it comes to real estate lending is quite simple.  A gift is a sum of money that is given to a home loan applicant preferrabley by a blood relative, for the […]

Fannie Mae Loan Costs Skyrocket. Is FHA A Cheaper Deal?

  The rumour has turned into reality as Fannie Mae has increased their fees for consumers to obtain a California home loan.  It boggles my mind as to why they would choose to do this now.  Our industry needs a shot in the arm and a instead they’ve given consumers a nasty flu bug that […]