HOME POINT Financial is excited to announce a brand new Stated Income Verified Asset program for 2015 with loan amounts up to $2 million for qualified borrowers for home purchase, refinance, and cash-out transactions. Below is a brief discussion of...
An Arm’s Length Transaction refers to a real estate purchase transaction in which both the buyer and seller are conducting business from an equal bargaining position, with neither party having any control or influence over the other.  In contrast,...
What is a Non-Qualified Mortgage (Non-QM) and how does it help Southern California homeowners? First, a brief history on what makes a mortgage loan product a "QM", or “Qualified Mortgage.” The Consumer Financial Protection Bureau (CFPB) is an independent agency...
The great American Dream of homeownership is still alive and well in 2015, and it isn’t reserved exclusively for US Citizens! Here’s a brief summary of Home Point Financial's Foreign National & Nonpermanent Resident Alien Home Loan Program guidelines - updated...
Condominium loans are unlike loans for single family residences. The biggest difference is that not only are the qualifications (income calculations, credit history, and down-payment capabilities) of the borrower taken into consideration, but so are the qualifications of the...
The majority of mortgage banks require a minimum down payment of 20% for any loan that is determined a Jumbo Loan. In San Diego County a Jumbo loan is considered any loan amount that is over $546,250.00. There are...
In a highly competitive seller’s market like San Diego, it can seem impossible to purchase a home. It seems like you have no time to think; if you hesitate, the house will be off the market the next morning. So...
Building a Granny Flat in San Diego Have you ever considered building a granny flat in San Diego as a way to enjoy personalized, on-site care for your aging or elderly parent(s)? Constructing on-site living and care quarters (or “granny...
Foreign nationals have a serious incentive to buy property in the United States. The U.S. dollar is strong, and home values are rising steadily, making home purchases, either as a residence or investment property, an increasingly-attractive option. And many foreign...
Financing a home after experiencing a short sale or a foreclosure can be a daunting process yet not impossible. However without proper guidance, potential buyers can be disappointed when their loan application is turned down, not necessarily because of...