Author bio section

I am the author of this blog and also a top-producing Loan Officer and CEO of InstaMortgage Inc, the fastest-growing mortgage company in America. All the advice is based on my experience of helping thousands of homebuyers and homeowners. We are a mortgage company and will help you with all your mortgage needs. Unlike lead generation websites, we do not sell your information to multiple lenders or third-party companies.

Borrowers in San Jose and rest of California may now get 95% Loan on Conventional Mortgages. The increased Loan to Value Ratio (LTV) is available on following programs:

  • Freddie’s Home Possible (Fixed Rate only)
  • FNMA MyCommunity (Fixed Rate, 5 yr ARM and 7 yr ARM)

The Loan must meet the following criteria:

  • Must be a First Time Home Buyer
  • Purchase Transaction only
  • 680 Minimum Score Requirement
  • 1 unit property only (SFR and PUDs. Condos maxed at 90% LTV)
  • 2 months PITI reserves required after loan closing
  • Full appraisal required
  • 3% Seller Concessions maximum allowed;Downpayment can come from gift
  • Must complete Homebuyer education course
  • Income limitation requirements