BIG News- CalHFA just announced a huge change to their down payment assistance income limits. CalFHA offers down payment and closing cost assistance to first time homebuyers purchasing in California. The program is intended to help low and moderate income families which means that there are income limits that must be met. Up until the […]
3 Requirements of USDA Loans – Being a farmer not one of them This week on The Mortgage Minute, we are going to go over the 3 eligibility requirements of USDA loans. The Mortgage Minute is weekly informational series presented by Laura Borja, Your San Diego Home Loan Expert First, what is a USDA loan? […]
The Mortgage Minute | VA Streamline Refinances What if you could refinance without worrying about qualifying? There is, it’s called a VA Streamline Refinance. Hello and welcome to The Mortgage Minute. I am Laura Borja, your San Diego home loan expert. And in today’s post we will be discussing a VA streamline refinances. A VA streamline […]
Today is the day that the USDA Upfront Guarantee fee will be increasing to 2.75% The Annual (monthly) fee will remain at .5% The information below is a re-post of a previous article on this website. It shows the breakdown of the changes and how USDA compares to VA, FHA and Conventional financing. USDA […]
First Time Homebuyer FAQ: Down payment For those of you who prefer to read! This is a transcript of this YouTube Video by the same title. Today we are going to be talking about frequently asked questions by first time home buyers, specifically as it pertains to down payment. How much down payment do I […]
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 […]