Posts By Tim Storm
Location
2875 Michelle Drive, #150,
Irvine, California 92606
Phone: 949-829-1846
Posts
Orange County first time home buyers are finding out quickly that FHA is one the best ways to purchase a home. FHA allows for only a 3.5% down payment, and it can come from a gift, your 401K, or money already in the bank. Qualifying is not that difficult. Why is an FHA loan better [...]
Orange County first time time buyers can now use the $8,000 tax credit towards their down payment. Sounds great, but not so fast. The real estate industry had pushed for this to go through, but it’s not as good as it sounds. While the $8,000 tax credit is excellent, and buyers should act quickly to [...]
__________________________________________________________________________ >>Orange County FHA Mortgage Application __________________________________________________________________________ As a Direct Endorsed FHA lender located in Orange County, CA, we know the importance in educating Orange County First Time Buyers on the benefits of the FHA loan program and how the FHA program will lead them to Home Ownership! FHA allows flexible credit guidelines (compared to Fannie [...]
There are a lot of myths being passed around about Reverse Mortgages in Orange County, CA. Rather than believe these myths, a potential Reverse Mortgage borrower should research and educate themselves on the Reverse mortgages and how they work. Here are a few of those myths. Reverse Mortgage Myth #1: Ownership of the property is [...]
In Orange County, CA FHA is the primary source of mortgage financing for First Time Buyers, or anyone with less than 20% down payment. (FHA is not only for First Time buyers.) When FHA loan limits in Orange County recently increased to $729,750, things really opened up for homebuyers with little down payment. Buyers looking [...]
Written by Tim Storm, an Orange County, CA Loan Officer – Please contact my office at Crestline Funding for more information about an Orange County, CA home loan. 877-786-4243 x 7.
www.OCHomeBuyerLoans.com
Contact us for your Orange County FHA Mortgage:
Call our office today and see how we can help you and your family. Ask for your Free First Time Home Buyer Report.
877.786.4243 x 7 | tstorm (at) ochomebuyerloans.com
* Licensed by California Dept. of Real Estate. Lic. # 01190897
FHA is a great loan program for purchasing a home for many reasons. But what is sometimes overlooked is the fact that FHA allows refinancing of current FHA loans with no qualifying or appraisal. The FHA Streamline Refi makes refinancing very easy. Orange County FHA loan borrowers are finding out about this program right now [...]
The 2009 FHA loan limit for Orange County, CA is $625,500, which is a huge improvement over the limits back at the beginning of 2008 and before that. For part of 2008 FHA had set a temporary limit of $729,750, but prior to that the limit was only $362,790. For the last several years that [...]
The FHA Streamline Refinance program has been around for many years, but has been under utilized in Orange County, CA for several years. The primary reason being that FHA had not been the loan of choice for home buyers for several years. But in 2008 things changed. Anyone looking to buy a home with less than a [...]
The FHA 203K program has been in existence in Orange County for a long time, but a few years ago the “Streamline” version of the program was released by HUD. The FHA 203K is a Rehab loan program. The more popular “Streamline K” program is good for up to $35,000 in improvements. This program allows [...]
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