USDA Loans

USDA Loan Guarantee Fee Increase- UPDATE!

Posted Leave a commentPosted in Community information, USDA loans

USDA Loan Guarantee Fee Increase UPDATE ISSUED- TAKE A LOOK AT THIS POST. Effective October 1st, the USDA loan guarantee fee will be increasing from 2% to 2.75% for the upfront premium.  The USDA loan guarantee monthly premium will remain at .5%. The upfront USDA loan guarantee fee is the equivalent of FHA’s upfront mortgage […]

USDA Map

USDA loans- No changes to San Diego County eligible areas.

Posted Leave a commentPosted in USDA loans

Rural Housing announces that it is NOT going to make any changes to the eligibility map of USDA loans in San Diego County. Areas of Bonsall, Fallbrook, Julian and Ramona were expected to no longer be eligible effective October 1, 2014.  However, the President signed the “Continuing Appropriations Resolution, 2015” on September 19th. which extended the current criteria used to […]

How will Qualified Mortgage (QM) rules affect FHA or VA Loans?

Posted Leave a commentPosted in Buyer Tips and Advice, FHA Loans, Loan Progams, Mortgage Knowledge, USDA loans, VA Loans

How will Qualified Mortgage (QM) rules affect FHA or VA Loans?… by Laura Borja, San Diego Home Loans   As many of you know, the anticipated and somewhat dreaded Qualified Mortgage Rules have now arrived . FHA and VA loans will not be affected by the new QM rules which dictate not just the maximum debt […]

USDA vs FHA

Posted Leave a commentPosted in FHA Loans, Mortgage Knowledge, USDA loans

  USDA home loans requires no money down and closing costs can be paid by the seller making USDA home loans a great alternative to FHA financing. The program is available for properties considered to be in a rural area in California.  There are many benefits to USDA Home Loans which buyers should be aware of […]

USDA Home Loans

Posted Leave a commentPosted in USDA loans

USDA home loans requires no money down and closing costs can be paid by the seller making USDA home loans a great alternative to FHA financing. The program is available for properties considered to be in a rural area in California.  (click here for link to eligible areas). There are many benefits to USDA Home […]