100% Financing Still Available

January 29, 2010

100% Financing Still Available in San Mateo County That’s right, 100% financing is still available for San Mateo County home buyers. We’ve talked about FHA financing, which requires 3.5% down payment. But, with the tightening of the guidelines and with FHA’s monthly and upfront mortgage insurance, which can add a significant amount to your monthly [...]

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Two Down Payment Assistance Loan Programs for Home Buyers

January 27, 2010

Down Payment Assistance Allows You to Finance Closing Costs & Down Payment CalHFA has two options for down payment assistance that works in conjunction with the Cal30 fixed rate loan program: the CHDAP program and the AHPP program. Option 1: The California Home Buyer’s Down Payment Assistance Program The California Home Buyer’s Down Payment Assistance [...]

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FHA Announces Increased Upfront Mortgage Insurance for April 2010

January 25, 2010

The Mortgage Industry is an Ever Changing Industry As I always preach, the mortgage industry is a constantly evolving industry. It seems like every day we get new regulations, new disclosure requirements and new guidelines. The newest batch comes from The Department of Housing (HUD) in the form of changes to FHA financing. New FHA [...]

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San Mateo Mortgage Rate Update

January 19, 2010

Starting out this week we already have a locking bias, which means if you are currently floating a rate, today’s trends suggest locking in your rate as there are a couple of market movers today. Market Mover #1:  Massachusetts Senate Seat The first potential market mover is the battle unfolding in Massachusetts for the Senate [...]

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Can I Put More than 3% Down on a CalSTRS 80/17 Loan?

January 15, 2010

Most loan programs allow you to put as much down payment into your home purchase as you desire. But, not the CalSTRS 80/17 loan program for California’s teachers and school system employees. What is the CalSTRS 80/17 Loan Program? As you may recall, the CalSTRS 80/17 loan program allows teachers (or anyone who puts money [...]

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