Conforming Loan Limits Temporarily Raised in Orange County, California!

By
Mortgage and Lending with Oak Valley Mortgage-California Home Loans and Refinancing

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

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

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Show All Comments
Rainmaker
174,800
Ki Gray
Austin, TX
Austin Real Estate

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

Mar 31, 2008 05:01 PM #1
Rainer
2,660
S J
Pittsburgh, PA

this should of happened a few years ago

Apr 01, 2008 05:03 AM #2
Rainer
226,765
Richard Ives
Chicago, IL

Great information Scott.

Have a great day!

May 07, 2008 04:17 AM #3
Rainer
2,660
S J
Pittsburgh, PA
it's nice in theory, but it still comes down to credit
May 07, 2008 04:19 AM #4
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Rainer
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Scott Gormley

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