It’s Official – FHA Loan Limit of $729,750 is Back! No Such Luck for Fannie/Freddie!

Just few hours back, President Obama signed a bill reinstalling  the FHA Jumbo Limit back for several high cost counties in  California to $729,750 (from the recently reduced $625,500). The bill comes into immediate effect, meaning FHA can start  insuring the $729,750 Loan Amounts right away. The restored loan amount is good till Dec 2013. […]

Read More

New HARP 2.0 Obama Government Refinance – Guidelines Released

Guidelines Released for California New HARP 2 – Obama Government Refinance Get a HARP Rate Quote Now Fannie Mae and Freddie Mac today released the guidelines for the new expanded Home Affordable Refinance Program (HARP), also called Obama Government Refinance program. Here’s 8 things you need to know: The program starts on December 1st, 2011 […]

Read More

HARP Expanded Obama Refinance Program – Big Banks Sign Up

The expanded HARP (Home Affordable Refinance Program), also called Obama’s Refinance Program is moving along. Bank of America, Chase, Wells Fargo and Citigroup all released statements last week in support of HARP 2.0. Get a HARP Rate Quote Now The Federal Housing Finance Agency had earlier announced the framework for the expanded HARP. Some of […]

Read More

San Jose Real Estate Market Report – October 2011

San Jose Real Estate Single Family Market Report Both Median and Average Price went up for San Jose Single Family Market in October 2011 compared to September. But still remained lower compared to last year. However, number of sales was much higher than same month last year. The table below has more statistics: San Jose […]

Read More

Just in – Expanded HARP Refinance program for California Underwater Mortgages

Federal Housing Finance Agency (FHFA) just announced that it is expanding it’s HARP Refinance program for California and rest of the country for borrowers who are underwater on their mortgages. The plan, targeted at borrowers who hold loans backed by Fannie Mae and Freddie Mac, is the latest government effort to deal with a problem […]

Read More

Breaking News : $729,750 Loan Amount for Conforming and FHA is Coming Back

Rejoice California Homebuyers and Home Owners – The $729,750 Loan Amount Limit for Conforming and FHA Loans could be coming back. These loan amounts were rolled back to $625,500 few weeks back. Bloomberg reported – The U.S. Senate adopted a measure that would raise the maximum size of a home loan backed by mortgage companies […]

Read More

After a Free Fall, California Mortgage Rates Rise for 6 Consecutive Days

After falling below 4% for a 30 Year Fixed (the lowest on record), California Mortgage rates have started to climb up. For 6 days in a row Mortgage Backed Securities have gone down in value, thus increasing the Mortgage Rates. Last week Freddie Mac released it’s weekly survey quoting the 30 Year Fixed National Average […]

Read More

FHA Loan without Mortgage Insurance – Yes! It’s Possible.

Yes it is possible to get a California FHA Loan without paying for the annual Mortgage Insurance (MI). While you will still pay the Upfront Mortgage Insurance Premium of 1.75%, the annual Mortgage Insurance Premium can be completely waived in one scenario. **This is changing starting June 3, 2013. Get the details on this blog […]

Read More

Bye Bye $729,750! Welcome Back $625,500 (Sigh!)

Bay Area Conforming and FHA Loan Limit goes down These loan amounts over $417,000 are known by several names like – Loan Limits for High Cost Areas, Super Conforming Loans, High Balance Loans or Conforming Jumbo loans. They are going down from the current $729,750 to $625,500. For the current loan limit of $729,750 the […]

Read More

Carbon Monoxide Detector Requirements for California Residents

REQUIREMENT OF CARBON MONOXIDE DETECTOR IN HOMES In May of 2010, the State of California enacted a law requiring home owners to install carbon monoxide detectors in their homes. Although the bill was signed into law in 2010, California residents must have carbon monoxide detectors in their homes as of July 1, 2011 this timeline […]

Read More

Grab our complimentary eBooks

Download eBook

Download Ebook

Download eBook

Download eBook