Location
400 N. Mountain Ave., Suite 248,
Upland, California 91786
Phone: 909-581-4075 x202
Posts
FHA and CHF are back in business as partners providing downpayment assistance in Los Angeles County, Orange County and San Bernardino/Riverside Counties. Borrowers do not need to be first-time buyers There are income restrictions You have to live in the house or condo It is a grant, not a loan; there is nothing to payback [...]
First-time homebuyers (FTHB) are using FHA loans all across California. Popular counties are Los Angeles, San Bernardino, Ventura and Kern. Great real estate environments and FHA loans are in use from Bakersfield to Claremont and Oxnard to Upland. Home affordability is at an all time high with low interest rates and declining home prices. However, [...]
You can buy with an FHA loan in Los Angeles County, Orange County and San Bernardino County immediately after a short sale. Unfortunately, many lenders will interpret short sales on a credit report the same as a foreclosure, even if it actually says short-sale on the credit report. How it gets read by the computer is up to the lender [...]
FHA homebuyers in Los Angeles County, Orange County and San Bernardino County misunderstand FHA vs. FannieMae home loans. Here are the truths about both types of mortgages. There are no first-time buyer requirements. You can do as many of them as you can qualify for in your lifetime, there is no limit. There must be a downpayment [...]
Reporting from Upland — Throughout Los Angeles and San Bernardino Counties, FHA loans have been prohibited for buyers purchasing homes from sellers who had owned the property for less than 90 days. This is known as “flipping.” The idea was to prevent speculators from defrauding the government through quick flips of houses — often involving straw buyers [...]
FHA Homebuyers trying to get FHA loans for condominiums in Los Angeles County, San Bernardino County, Orange County, and throughout California, are in for a shocker. Condo complexes have to be certified by HUD/FHA either at original construction or afterwards through a lengthy process. This involves analysis of insurance, HOA structure and performance, liquid reserve [...]
FHA Straw Buyers are becoming a problem in Los Angeles County, San Bernardino County and Orange County. With many California homes in foresclosure, get rich quick artists are trying to fraudulently buy homes as owner occupied properties with FHA loans. Here’s how it works: A buyer makes an offer on a house, either with or [...]
New FHA rules will greatly aid in the home sales market of foreclosed properties in Los Angeles and other areas of California. HUD has announced a temporary waiver of its regulations providing that a loan will not be eligible for FHA insurance if the contract of sale for the purchase of the property is executed within [...]
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