CalHFA’s new Dream For All Program for 2023 allows home buyers in California to receive 20% down payment assistance! 20% loan must be used towards the downpayment and closing costs – funds may not be
What’s Happening Over the weekend, Silicon Valley Bank (SVB) and Signature Bank were both taken over by the FDIC, and several other banks could be up next. A few things to consider: This is good
The annual mortgage insurance premium (MIP) for FHA loans will decrease from 0.85% to 0.55%, a drop of 0.30 percentage points. Saving homebuyers an average of $800 in 2023. What’s happening: First-time Homebuyers are still
If you are a citizen from another nation, you can still have the opportunity to get a mortgage loan to buy a property in the United States. The Foreign National mortgage loan program assists potential borrowers living or working
A Home Equity Line of Credit (HELOC) is a loan that allows homeowners to borrow against the equity they have built up in their primary residence or second home. These types of loans can be
Contact Us Now As our aging population continues to increase, the demand for assisted living facilities is steadily growing as well. Unfortunately, building construction and other costs related to assisted living community units have also
If you find yourself asking this question, trust us–you’re not alone. With rising rents and ongoing inflation eating into the savings of would-be buyers, first-timers are fearful they can’t save enough for a down payment.
A bank statement program is an alternative to a traditional mortgage program where the borrower is typically required to submit two years’ worth of filed Federal income tax returns. ChallengeSelf-employed borrowers looking to qualify for
While the Federal Housing Finance Agency (FHFA) has not made an official announcement, it’s believed that the conforming limit for 2023 will be raised to at least $700,000. Most likely, the limits will be even
Simultaneous restoration of entitlement can help veteran homeowners with a VA loan purchase a new home before selling their old property. How Simultaneous Restoration of VA Entitlement Can Help Your Purchase To fully understand this
From real estate agents to the United States government to most people’s grandmothers; everyone agrees that homeownership brings significant benefits. Owning a home is part of the American dream, a pillar of financial prosperity that
Chad Baker
Originating Branch Manager
NMLS #329451
858-353-8331
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