If your credit score is not high enough to qualify to purchase a home at this time, please follow these tips to improve your score over the next few...
Mortgage
Rates fell for the first time in a month in response to the crisis in Ukraine and mixed economic data released before the jobs data was published on Friday after which rates started trending upwards again. Freddie Mac announced that for the week ending March 6, 30-year fixed rates decreased to 4.28% from 4.37% the week before. The average for 15-year loans fell to 3.32%. Adjustable rates were mixed last...
VA has revised their loan limits for 2014. San Bernardino and Riverside County remain at a maximum loan amount of $417,000. Los Angeles and Orange County are at a maximum loan amount of $687,500. All other high loan amount counties are listed on the list below. Any county not listed below is at the standard maximum loan amount of $417,000. Please note that loan amounts above these limits are...
Mortgage rates were lower again this past week. Freddie Mac announced that for the week ending January 23, 30-year fixed rates decreased to 4.39% from 4.41% the week before. The average for 15-year loans fell slightly to 3.44%. Adjustable rates were mixed with the average for one-year adjustables falling slightly to 2.54% and five-year adjustables rising to 3.15%. A year ago 30-year fixed rates were at...
As of January 1, 2014 FHA will be lowering the Maximum loan limit in San Bernardino & Riverside Counties from $500,000 to $355,350. Below is a break down. 1 Unit $355,3502 2 Units $454,900 3 Units $549,850 4 Units $583,350 As of for now, Fannie Mae & Freddie Mac will be keeping the conforming loan amount at $417,000. If you or someone you know is buying a house with a price...