A survey showed that many military members in California and nationwide believe that VA home loans take longer to process than conventional mortgages. But that's not always the case. In fact, mortgage industry data show there's only a minor difference…
This is the latest in a series of articles designed to educate California home buyers on the FHA loan program. In previous articles, we looked at the basic document requirements for this program and the minimum down payment. Today, we…
This article explains some of the documents that are needed for an FHA loan in California. Commonly requested items include W-2 forms and tax returns for the past couple of years, pay stubs, bank statements, and other financial documents. The FHA…
A new survey showed that there are many misconceptions regarding the VA loan program. For instance, many veterans and active-duty military in California believe they have to put down at least 20% when using a VA-guaranteed mortgage loan. These misperceptions…
Many first-time buyers in California use the FHA loan program to purchase a home. This government-backed mortgage program allows eligible borrowers to finance the entire purchase price, avoiding the need for a down payment altogether. Here are five things to…
First-time home buyers who are considering the VA loan program tend to have a lot of questions about how the program works including the minimum requirements. Today, we'll address one of those common questions: In California, do VA loans require…
Another year, another increase for Bay Area FHA loan limits. That has been the pattern for several years in a row now, and it seems that 2022 will follow suit. At the end of November, the Department of Housing and…
Solano County home buyers got some good news earlier this month. Federal housing officials announced they would be increasing the conforming loan limits for Solano County, for 2022. The FHA limits will also be going up, starting on January 1,…
We have good news for California home buyers who plan to use an FHA loan in 2022. Housing officials have increased the maximum mortgage amounts associated with this program. The California FHA loan limits for 2022 will go up considerably…
Another year, another increase for Alameda County conforming loan limits. In 2022 the conforming loan limit for a single-family home in Alameda County, California will go up to $970,800. Anything above that would be considered a jumbo mortgage. The Federal…
