Posts By Tim Storm
Location
2875 Michelle Drive, #150,
Irvine, California 92606
Phone: 949-829-1846
Posts
VA recently announced the new VA loan limits for Orange County, California. Counties like Orange and Los Angeles are “high cost” areas and have higher loan limits than other some other counties in California. The 2011 VA loan limit has been $700,000, but the new limit VA loan limit for 100% financing in Orange County [...]
The VA refinance program is turning out to be a savior for Orange County, California Veterans. Whether the Veteran currently has a VA loan, or has an FHA or Conventional loan, the VA program offers something that other types of home loan programs don’t – 100% loan to value with no Mortgage Insurance. There are [...]
On October 1, 2011, FHA loan limits in Orange County, CA dropped from their current level of $729,750 down to $625,500. But on Friday, November 19, President Obama signed a new bill which reinstates the FHA loan limits for high cost areas, like Orange County and Los Angeles County, back to $729,750. This is great [...]
Which Veteran financing program is better for Orange County, CA Veterans? The CalVet program or the standard VA loan program. There are several important differences to consider when determining which program to choose. The VA program may be better for some Veterans, while the CalVet may work better for others. What are the differences? The [...]
The Department of Veteran Affairs recently announced in VA Circular 26-11-12 that the VA Funding Fee will go lower for loans closed on or after October 1, 2011. This is great news and will save Orange County Veterans using VA financing thousands of dollars over the next year. All VA loans are potentially subject to a [...]
The 2011 100% financing VA loan limits for Orange County, CA have been at $700,000 since January. The $700,000 limit is good through December 31, 2011, but after that it could drop. While Conforming and FHA loan limits in Orange County are about to go lower from the current $729,750 down to $625,500, the VA limit [...]
If you’re looking at buying the Orange County home of your dreams – and the price reflects it – then a VA jumbo loan may very well be the best option for your mortgage. In most veteran VA loan scenarios, the VA guarantees up to 25% of the total amount of the loan up to [...]
VA loans will be even more popular in 2011 than in 2010 in Orange County, California. There are several reasons, besides the most obvious reason being that no down payment is required up to a $700,000 purchase price. Up until recently, Orange County Veterans did not realize the benefits that a VA loan program offered [...]
On December 1, 2010, HUD issued Mortgagee Letter 20-40, announcing the FHA limits for 2011. This is good news for Orange County, CA, as loan limits will stay the same! 2011 FHA Loan Limits for Southern California This is great news for Orange County, where home prices remain at levels higher than experienced in most [...]
The recent changes by HUD to the FHA Mortgage Insurance premiums has had little effect on Orange County first home buyers.
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