Loans with a balance between $417K and 729K will no longer be subjected to a 1% add to the rate. This is a great improvement as we move towards ending the recession in the housing industry.

The lenders still require loans to be fully documented and clients have to have a high FICO score with an equitable position of less than 80%. This is an excellent opportunity for folks who want to refinance or buy a single family residence in Southern California. The rate today 6/26/09 is 5.375 fixed for 30 years.

Further information; please call 714-404-6099

RE License # 01508012