FHA 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…

These are the Top 8 Buyers Who Should Use an FHA Loan

by Chad Baker December 2, 2021 0Comments

FHA loans are some of the most buyer-friendly mortgage options available. But like all loan products, there are certain types of buyers who will find these mortgages most attractive. Here are eight buyers who should consider an FHA loan for their next purchase... Top…

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…

What is a Conventional Loan?

by Chad Baker June 10, 2021 0Comments

When considering a conventional loan in San Diego, you should understand this form of financing, including the advantages and disadvantages for these mortgages. This article will explain what a conventional loan is and how it is different from other types of mortgages.…

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…

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…

2021 Loan Limits are Available Now!

by Chad Baker January 5, 2021 0Comments

2021 is here, and so are the 2021 loan limits. If you are considering a new house in the coming year, you should learn about upcoming loan limits so you can purchase the best possible home. Of course,…

Mortgage for Self-Employed: New FHA Rules and Their Impact on Borrowers

by Chad Baker September 9, 2020 0Comments

The FHA has adjusted its rules on a mortgage for self-employed professionals. This article outlines the changes and provides information on mortgages for the self-employed. The coronavirus and the resulting economic slowdown has created a variety of changes in the real estate industry.…

FHA Extends Relaxed Appraisals: What This Means For Buyers and Sellers

by Chad Baker September 4, 2020 0Comments

Many aspects of the real-estate-purchase process have changed, including appraisals. In an effort to keep agents, buyers, sellers, and appraisers safe, the Federal Housing Administration, or “FHA,” has announced an extension of its “relaxed appraisal requirements.” When the coronavirus was…

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