Orange County FHA, VA, Conventional Mortgage Blog

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Mortgage and Lending - Fairway Independent Mortgage Corporation - NMLS #223456
RECENT BLOG POSTS
Finding VA approved condos in Orange County, CA can be tricky. But if you are a Veteran looking to purchase a condo in Orange County, you will most likely want to restrict your home search to only those condos that are located within a VA approved condo project if you plan on using VA financing. ...
01/24/2018
The VA loan limit for 2018 in Orange County, CA are now $679,650. This is for 100% financing. This is a significant increase of the 2017 VA loan limit of $636,150. The increased loan limit will Orange County Veterans purchase homes in the fast appreciating local real estate market.Jumbo VA Loans ...
01/09/2018
The FHA loan program had been the loan of choice in Orange County, CA after the mortgage collapse in 2008. With Conventional and non-Conventional loan programs that allowed for small (or $0) down payments quickly disappearing, FHA stepped up. Not only did FHA increase the loan limit in Orange Cou...
01/20/2015
The FHA Streamline refinance will be how most current FHA borrowers in Orange County take advantage of President Obama's recent announcement about lowering the Mortgage Insurance premiums on FHA loans in 2015. Right now is almost a perfect storm when it comes to looking at the reasons to refinanc...
01/12/2015
President Barack Obama announced on January 7, 2015 that the Federal Housing Administration (FHA) would lower its annual mortgage insurance premiums from 1.35% to .85% (for loan to values above 95%). Although a date has not yet been announced for when this will go into effect, the lower mortgage ...
01/08/2015
The VA loan limits for 2015 in Orange County, CA will be $625,500, which is a little lower than last year but still a high limit considering there is no down payment required. The $0 down VA loan limit in 2014 for Orange County was $687,500, and over the last few years the limit had gotten as hig...
01/05/2015
Buying a home is the biggest financial decision in most people lives. In Orange County, where home prices tend to be higher than other parts of the country, the decision to buy a home priced anywhere from $300,000 to $1,000,000 or more can cause a serious amount of stress. But by understanding th...
06/17/2014
While there are not many FHA approved condo projects in Orange County, CA, it is possible to get an FHA loan on a detached condo, even if the condo project is not FHA approved. In  most cases, to get an FHA loan on a condo, the entire condo project needs to be FHA Approved. Project approval is no...
06/06/2014
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Most Veterans already know that the VA loan program allows for Zero down financing. But what many Veterans don't realize is that they still need to deal with closing costs and prepaid expenses. Depending on the purchase price and date of closing, this could easily add up to 2% of the purchase pri...
05/27/2014
FHA is often thought of as a "first time home buyer" loan program. And while it has been used by first time buyers quite a bit since the mortgage meltdown in 2008 there are reasons why a first time buyer, or move up buyer for that matter (because FHA is not only for first timers), should carefull...
05/19/2014
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Tim Storm

Orange County FHA and VA Home Loan Specialist
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