From the category archives:

Loan Programs

2009 San Mateo County Conforming Loan Limits

September 14, 2009

A conforming loan is a loan that meets Fannie Mae and Freddie Mac’s uniform national standards. Who Are Fannie Me and Freddie Mac? Fannie Mae and Freddie Mac are governmental organization that purchases and secures residential mortgage loans from lending institutions. Why, you might ask? Fannie Mae and Freddie Mac buy loans from banks and [...]

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New Fannie Mae Loan Program for Foreclosures

July 27, 2009

Fannie Mae introduced a new 30 year and 15 year fixed home loan product exclusively for Fannie Mae bank owned properties (REOs) that will allow San Mateo County home buyers to purchase homes for as little as 3% down payment. The maximum loan amount is $417,000 for single family units. Some Highlights of the Program [...]

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Stated Income Loans

July 9, 2009

Update 2/16/2010: Stated Loan Program Has Been Put on Hold Until Further Notice If you would like to be notified when the stated home loan program is reinstated, please input your name and email into the form below and we’ll notify you as soon as we know more. Your Name(required) Email(valid email required)   cforms [...]

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How does the CalSTRS 80/17 Home Loan Program Differ from Conventional Financing?

June 18, 2009

Max Down Payment is 3% of the Purchase Price with the 80/17 Program Keep in mind with the 80/17 CalSTRS Home Loan program you are only allowed to put 3% down payment, no more. Most programs allow you to put more down if you want to purchase a more expensive home. For example, if you [...]

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Home Loan Program Just for California Teachers!

June 15, 2009

Are You a California Teacher Looking to Buy a Home? If you are a teacher in California looking to buy a home, you should consider the CalSTRS Home Loan Program before selecting a mortgage. With CalSTRS Home Loan Program teachers who are members of CalSTRS can buy a new home, refinance to a lower payment [...]

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