Sonoma County First Time Home Buyers are now getting to enjoy it easy street. For years, first time home buyers were capped at putting down hefty down payments. Since the markets have changed, first time home buyers in Sonoma County can now purchase a house with 0% down. Move up buyers can also purchase a…
Fixed-rate mortgages are quite competitive right now, many are seeking 15 year fixed-rate mortgages. You can actually can obtain a 15 year fixed-rate mortgage loan under 4%. Homeowners looking to benefit from mortgage financing tend to look at 30 year mortgages as the benchmark home loan to take out. Consider a 15 year fixed-rate mortgage…
With the small variety of home loan programs available today selecting the right home loan program is easier now more than ever. There are lots of different options available for both purchases and refinances. For this blog post we are going to be discussing purchase loan programs. With a decent credit score, documented job stability/income…
Mortgage lenders today want to conduct a CIA analysis. A CIA analysis is short for credit income assets. These are the three things that we as mortgage lenders really need to see before we can tell you whether or not we can do a refinance loan or a purchase loan for you. Because I work…
There seems to be an ongoing stigma attached to FHA loans in the local Santa Rosa Sonoma County marketplace. The trend is that FHA loans are difficult to get because of specific property standards. Almost all the time, the property qualifies or the property has some small minor repairs that could easily be fixed prior…
How do FHA Home Loans Work? FHA Home Loans are the most popular loan program available in the Sonoma County Mortgage market. While these loans remain popular unfortunately the media does a very poor job of explaining to consumers how these loans actually work. All FHA loans have mortgage insurance no matter what the down…
USDA Home Loans Offer 100% Financing for properties in certain areas of Sonoma County. USDA Home Loans are truly 100% financing mortgage loans and are available in Sonoma County.USDA Home Loans are for rural properties only and because of this the following cities are not eligible for USDA financing Santa Rosa, Rohnert Park, Cotati, and…
FHA Loans Help The First Time Home Buyer “Get In.” Almost the whole pool of available FHA loans are being provided to first time home buyers. The popularity of FHA loans has risen dramatically in the last few years. This is caused folks to strongly consider an FHA loan when financing a house. An FHA…