TWO WEEKS LEFT to Apply for CalHFA’s Dream for All Program

by Irene Moustakas | Apr 15, 2024 | 1st Time Homebuyers, Industry News, Loan Programs and Products

Registrations for the Dream for All program opened up on April 3rd, and there are now 2 weeks left to register for a voucher. Vouchers are limited and determined by lottery. The Dream for All program serves to help first time and first generation homebuyers get their...

Breaking News: Increased Conforming Loan Limits!

by Irene Moustakas | Nov 28, 2023 | Featured, Industry News

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The “Buy Before You Sell” Program

by Irene Moustakas | Nov 28, 2023 | Industry News, Loan Programs and Products

I have mentioned the Buy Before You Sell program in a previous blog that reviews options homeowners may have in purchasing a new home prior to selling their existing. This program is one of those options, and I would like to delve into it a little more. It may not...

A 1% Down Payment Loan is Now Available (!)

by Irene Moustakas | Oct 25, 2023 | Industry News, Loan Programs and Products

Have you heard about the 1% down loan offered by Rocket Mortgage? Well, it’s available! It may be a little prohibitive in California considering real estate prices are higher than the national average, but there may be pockets where it’s possible. The loan program is...

FHA Reduces Their Mortgage Insurance Premiums Across the Board!

by Irene Moustakas | Feb 28, 2023 | Industry News

GREAT NEWS! FHA has announced that they are reducing their mortgage insurance premiums across the board by 30 basis points. Mortgage Insurance can often be a dealbreaker in securing an FHA loan, depending on down payment and credit score, but this will help immensely...

Update on Minimum Down Payment Requirements

by Irene Moustakas | Dec 17, 2018 | Industry News, Uncategorized

Minimum down payment requirements on loans may have changed a little since my last update, so I wanted to review again. The interest rate you qualify for can be quite sensitive to the amount you have down (as well as credit score plus some other factors), but to...