California and Arizona Home loans will be up to 95% LTV Soon!

Mortgage and Lending with FHA, VA, Conforming, Jumbo - Wells Fargo Home Mortgage

California and Arizona Home loans will be up to 95% LTV Soon!

Good news for California and Arizona home buyers! Starting February 22, 2010, mortgage insurance companies are easing up on their guidelines on conforming home loans! Homebuyers can put 5% down on conforming home loans again! It's about time! This is a good sign for the real estate market in California and Arizona. You can now buy a home without having the more restrictive FHA guidelines that usually scare home sellers from accepting an FHA loan offer.

There are a few restrictions to consider, here's the list:

  1. All buyers must have a 720 Fico score or higher
  2. Owner Occupied Only
  3. Single Family or Condos only
  4. Debt to Income ratios can not exceed 41% for all LTVs over 80%

This is a nice turn of events for both home buyers and home sellers in California and Arizona. It's good news for the rest of us in the business too! Now, if we can only get some more inventory in Sonoma County!

Posted by


Anthony Ebright NMLSR ID #247647

Home Loan Officer / FHA and VA Specialist




You can reach Anthony Ebright at 707-548-0752 if you need help refinancing or purchasing your home in Sonoma County, Santa Rosa, Healdsburg, Petaluma, Rohnert Park, Sebastopol, Bodega Bay, Windsor, Cloverdale, Guerneville, Sonoma.



Anthony Ebright is a Home Loan Officer in Santa Rosa, California. His opinions and statements are his own. Wells Fargo does not endorse any comments made by its employees on this blog. All statements and viewpoints expressed in the comments are strictly those of the commenter alone, and do not constitute an official position of any lending institution.


Copyright 2009. © Anthony Ebright. All rights Reserved.
NMLSR ID #247647

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  1. Lottie Kendall 02/20/2010 06:15 AM
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Jim Frimmer
HomeSmart Realty West - San Diego, CA
Realtor & CDPE, Mission Valley specialist

I think all buyers, no exceptions, should be required to put at least 10% down. That creates pride of ownership and helps prevent people from simply walking away from their homes when things are bad.

Feb 15, 2010 02:15 PM #1
Craig Bassignani - Santa Rosa, CA
Local Home Sales, MLS & Professional Web Marketing

Hi A,

That is great news and hope it really re-charges the market! Easier money is what we all need.


Craig Bassignani
(707) 974-8970

lic 01428827
707-538-1196 fax

Feb 16, 2010 03:49 AM #2
Anthony Ebright - NMLSR ID #247647 Purchase and Refinance Mortgages
FHA, VA, Conforming, Jumbo - Wells Fargo Home Mortgage - Santa Rosa, CA

Jim - I don't think 10% creates pride of ownership. It's an attitude that's not going to be changed by the amount of money you put down. I talked to enough people who've put even more than this for a down and are still walking away from their homes. Until we can change the mentality that a house is a home, people will continue to write off their investments if they don't foresee a recovery.


Craig - where have you been? I'm excited by this new change and look forward to seeing more!

Feb 16, 2010 01:24 PM #3
kathleen bonham
FHAllen, Sonoma Country and Vintage - Santa Rosa, CA

Anthony...good info to know. Perception is a major factor in a recovery. Thanks..yes inventory is really low!

Feb 18, 2010 12:58 AM #4
Lottie Kendall
Compass - San Francisco, CA
Helping make your real estate dreams a reality

Thanks, Anthony. Here on the SF Peninsula we don't deal with many FHA loans, but I do have one potential buyer who, until now, has needed the FHA loans. I'm going to re-blog your article and talk with her about this new possibility for her. Thanks much.

Feb 20, 2010 06:11 AM #5
Dave Roberts
Healdsburg Sotheby's International Realty - Healdsburg, CA

Thanks for the update. I think small changes like this can really make a difference at the margin. It's nice to see sanity prevail. Congrats on your point battle victory...for the moment.

Mar 03, 2010 01:23 AM #6
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