Tag Archive | "upland fha"
FHA vs. FannieMae…FHA: WINNING!
FHA homebuyers in Los Angeles County, Orange County and San Bernardino County misunderstand FHA vs. FannieMae home loans. Here are the truths about both types of mortgages. There are no first-time buyer requirements. You can do as many of them as you can qualify for in your lifetime, there is no limit. There must be a downpayment
Continue reading...Sell My House Fast With FHA
Monday, January 31, 2011
Reporting from Upland — Throughout Los Angeles and San Bernardino Counties, FHA loans have been prohibited for buyers purchasing homes from sellers who had owned the property for less than 90 days.  This is known as “flipping.” The idea was to prevent speculators from defrauding the government through quick flips of houses — often involving straw buyers
Continue reading...New California FHA Streamline Rules
Wednesday, October 14, 2009
California FHA Streamline loans will have dramatic new rules. Effective with case numbers assigned on and after November 17, 2009, several revisions to the FHA Streamline Refinance Program will go into effect. For those that may think doing FHA home loans in Los Angeles , Orange and Ventura Counties is easy, read below! Seasoning  -At the time of loan application, the borrower must have made at least 6 consecutive payments on the loan being refinanced. Payment History  -For mortgages with less than a 12-month payment history, all payments must have been made within the month due. -For mortgages with a 12 month or greater payment history, the borrower must have:                 -No more than one 30-day late payment in the preceding 12 months, AND               -Made all payments within the month due for the 3 months prior to the date of the loan application. Tangible Net Benefit  -Reduction in the total mortgage payment (PITI and HOA) of at least 5% for fixed to fixed. Fixed to 1-year ARM allowed, provided rate is at least 2% below rate on existing loan.
Continue reading...How to Purchase a Home with a FHA Loanwith almost Zero Down
Wednesday, October 14, 2009
For a limited time, up to 99.5 % financing is being offered to increase home ownership opportunities to individuals and families in California.
Continue reading...First-Time Buyer FHA Loans in California
Friday, September 4, 2009
First-time homebuyers (FTHB) are using FHA loans all across California. Popular counties are Los Angeles , San Bernardino , Ventura and Kern. In this great real estate environment FHA loans are in use from Bakersfield to Claremont and Oxnard to Upland . Home affordability is at an all time high with low interest rates and declining home prices. However, buyers on the fence should not be complacent.
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Friday, March 11, 2011
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