VA loan home buyers in California and nationwide can now choose to pay for their termite / pest inspections. This is a change from previous VA policy, which prevented buyers from paying for certain inspections. This policy adjustment could benefit…
The home appraisal is an important part of the VA loan process in California. It allows mortgage lenders to assess the current market value of the property being purchased, based on input from an approved home appraiser. Now, it seems…
In a previous article, we addressed the misconception that VA loans require a down payment. (The short version is that they don't.) Today, we'll focus on another common misconception about VA loans in California -- mortgage insurance. Here's the most…
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…
