FHA loans Archives - San Diego Purchase and Refinance Loans

by Chad Baker December 23, 2021

How We Are Leading Non-QM Lending for 2022

The real estate and mortgage industries are seeing rapid changes. The way people buy and sell property is changing. So too is the way people apply and qualify for mortgages. “Non-QM lending,” a term that describes many different mortgage products, are becoming…

If You Have Student Debt, These FHA Qualification Changes Effect You!

by Chad Baker July 29, 2021 0Comments

Thanks to recent changes, FHA loans with student debt are going to be more accessible to many borrowers. The amount of debt you owe every month is vastly important to lenders. Obviously, they want to know how much you make every month. But…

New Rules Make FHA Loans for Condos More Accessible

by Chad Baker July 26, 2021 0Comments

Financing for condos can be hard to secure. These properties are inherently different; as such the financing is different too. In the past, FHA loans for condos were hard to come by, but with some basic changes, these loans are now more…

No Social Security Number? Jumbo ITIN Loans May Hold the Key to Homeownership

by Chad Baker May 25, 2021 0Comments

Anyone living in the United States, earning an income, and paying U.S. taxes, but not eligible for a Social Security number, should know about jumbo ITIN loans. This is a special mortgage program that allows individuals and families to purchase a home…

High Scores Not Needed: Minimum-Credit-Score Jumbo Loans Are Available!

by Chad Baker May 11, 2021 0Comments

One of the biggest myths in the mortgage industry is the belief that you need a nearly-perfect credit score to use a jumbo loan. But as we’ll show, minimum-credit-score jumbo loans are available. The Myth: You Need a High Credit Score…

Should You Consider Using “Assumable Loans?”

by Chad Baker March 18, 2021 0Comments

Assumable loans are a fairly simple concept: the new owner of the property, instead of taking out a new mortgage, simply “assumes” responsibility for the existing mortgage. They get the same interest rate, repayment period, loan balance, and all other terms included…

How to Get a Construction Loan to Build Your Dream House!

by Chad Baker March 16, 2021 0Comments

If you can’t find the right home, sometimes you just have to make it. Fortunately, there are construction loans that make building your own house more affordable and more convenient! General Construction Loan Requirements for 2021 Although the specifics may…

DACA Dreamers Can Now Use FHA Loans

by Chad Baker February 2, 2021 0Comments

In late January of 2021, the FHA made a formal announcement that individuals classified under the “Deferred Action for Childhood Arrivals” are legally permitted to receive mortgages supported by the FHA . Previously, this national benefit was in question, but as long…