Second homes Archives - San Diego Purchase and Refinance Loans

A secondary home can provide convenience, luxury, and a heap of enjoyment to your life. Financing, however, can be a challenge for these homes. Fortunately, the FHA guidelines for a secondary home allow for certain types of purchases. With a primary…

New FHFA Rules Could Reduce Loans for Investment Property

by Chad Baker April 20, 2021 0Comments

In early March of 2021, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac would limit their buying of second-homes and investment-property mortgages to roughly 7% of their overall portfolio. This means that the two organizations…

Young couple sitting in an office talking to a woman broker or investment adviser

Mortgage Products are Returning to the Marketplace!

by Chad Baker August 26, 2020 0Comments

When the coronavirus started making its way across the United States, many industries had to change they way they do business. In the real estate industry, the massive financial uncertainty created by the national lockdown caused many lenders to slash their mortgage…

Specialty Loans: New Opportunities for Numerous Borrowers!

by Chad Baker October 8, 2019 0Comments

Most homebuyers will simply need a basic, straightforward, typical loan. Conventional loans and FHA loans, for example, perfectly fit most borrowers, allowing them to purchase the home they need at a price they can afford. But some borrowers are different.…

That’s Our Specialty! 5 Unique Loans Provided By Our Staff

by Chad Baker September 17, 2019 0Comments

At our office, we take a special pride in providing a variety of unique loans; options that may not be available with other groups. These loan products allow us to serve many borrowers who would otherwise be left without financing. Some are…

Old-fashioned house with lush landscaping

8 Uses for the HomeStyle Renovation Program

by Chad Baker March 22, 2019 0Comments

The HomeStyle Renovation loan program is one of the best options for purchasing a house and making necessary repairs or desired upgrades. Offering affordable financing in one loan, you can get the money you need for not only the…

Five Reasons Why Our HomeStyle Loans Are Your Best Option

by Chad Baker March 11, 2019 0Comments

Looking for a loan that will allow you to purchase a property and make renovations? You’ll have a few options to choose from, but the best may be a HomeStyle loan from Fannie Mae . Let’s explore why these renovation…

FHA FAQ Part 2: Learn More About these Excellent Loans

by Chad Baker December 17, 2018 0Comments

The FHA is one of the most important government organizations in the real-estate industry. Many homeowners count on FHA loans, and we receive lots of questions about this type of financing. To help create better-informed borrowers, this is the second part of…

Happy couple with smiling elderly mother

You Can Get Affordable Financing When Buying a Home for an Elderly Parent

by Chad Baker August 22, 2018 0Comments

If you want a home loan with the best possible rates and terms, it’s best to structure the property so it can be classified as “owner-occupied.” This essentially means that the borrower will be living in the property as their primary residence.…

Jumbo Loan 101: What to Know Before Going Large

by Chad Baker May 30, 2018 0Comments

For most homebuyers across the country, a conventional loan is enough for their purchase. However, in high-market areas like San Diego, large sums of money are needed to purchase even a moderate home. After all, a million-dollar home in San Diego is…

Elderly woman baking a pie in her own home

How Owner-Occupant Rules Can Help Your Purchase a Home for a Loved One

by Chad Baker May 23, 2018 0Comments

Who is the “owner-occupant” in a home? For most properties, it’s easy: the home-owner. The typical mortgages/homeownership situation has a person that purchased the home and lives there on a permanent basis, either alone or with his or her family. But…

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