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Conforming Loan Limits Temporarily Raised in Orange County, California!

Conforming Home Loan Limits in Orange County, California have temporarily increased from:

$417,000 to $729,750 until December 31^st, 2008

Do you fit into the box of what banks are looking for?

Here's the checklist. If you can answer yes to all these questions, call me!

You're currently in a mortgage rate at (or set to go over) 6%

You have 700+ Mid FICO® scores

All borrowers have a stable job history for the past 2 years

The property is an owner-occupied, single family residence

You have a minimum 20% equity position in the property

You have the ability to provide full documentation of income & assets

You have no mortgage lates in the past 12 months

You want a better mortgage

Sound Demanding?

It is, but it's worth it!

As Non-Conforming rates climb over 8% for a 30 year fixed and continue to rise, now is the time to take advantage of the "Economic Stimulus Package" and get into a great 30 year fixed rate.

Call me today!

Scott Gormley

Broker/Owner

Beach Town Mortgage, Inc.

Direct: 949-916-1460

Website: www.BeachTownMortgage.com

Email: Scott@BeachTownMortgage.com

Posted by Scott Gormley on 03/22/2008 01:46 AM

Comments (4)

This post has been included in California Information Orange County, CA Information
Post is included in group: Realtors®
Post is included in group: Mortgages
Post is included in group: What is New in Loan Products
Post is included in group: All About Mortgages/Mortgage Networking
Post is included in group: Realtors Needing the services of the Lending Powers

4 Comments on Conforming Loan Limits Temporarily Raised in Orange County, California!

Its more difficult to get a loan but it looks like prices are going down at least.

Current Mortgage Rates Widget for your Active Rain Profile

04/01/2008 12:01 AM

by Ki Gray - Austin Real Estate (Escapeso Austin Real Estate)

this should of happened a few years ago

04/01/2008 12:03 PM

by Chadd Ciccarelli (The Orange County Register)

Great information Scott.

Have a great day!

05/07/2008 11:17 AM

by Richard Ives (RE/MAX AT HOME)

it's nice in theory, but it still comes down to credit

05/07/2008 11:19 AM

by Chadd Ciccarelli (The Orange County Register)

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Scott Gormley
Chico, CA
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Oak Valley Mortgage-California Home Loans and Refinancing

Office Phone: (530) 592-8362
Cell Phone: (530) 592-8362
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