loan limits california

California Loan Limits Raised in 2018

As a result of ever-increasing home prices, California jumbo loan limits have been raised in 2018. In counties across the Golden State, any financing amounts over $453,100 will be regarded as a jumbo loan. The exceptions are primarily the coastal counties which include, San Francisco and Los Angeles, where the new ceiling is capped at Read more about California Loan Limits Raised in 2018[…]

nighborhood pf Doctor Phillips

Expensive Coastal Cities: Buying a Home In High-Cost Locations

Buying And Financing a Home In California or Florida If you are looking to purchase a home in upscale neighborhoods or expensive cities like Los Angeles, San Francisco, and San Diego in California or Winter Park, Naples, and Longboat Key in the Sunshine State understand that mortgage financing is more demanding for homes in these Read more about Expensive Coastal Cities: Buying a Home In High-Cost Locations[…]

staircase in luxury home

Low Down Payment Mortgages for Million Dollar Homes

Since January 2008, the minimum down payment of 20% was the mortgage industry norm for mortgages over $417,000, also known as jumbo mortgages. In modern times, though, lenders are loosening up the underwriting guideline on jumbos for the 20% down payment  – particularly for those known as HENRYs (“High Earners, Not Rich Yet”). HENRY’s are Read more about Low Down Payment Mortgages for Million Dollar Homes[…]

buying vacation home in Santa Barbara

Don’t Overlook These Items When Buying a Vacation Home

There’s a lot more to purchasing a vacation property than simply having another place to getaway to chill out. Whether you choose to buy a detached home, townhome,  condo, or a luxury home with an ocean view — the following are some variables you need to give some thought to: An Extra Debt Obligation • Read more about Don’t Overlook These Items When Buying a Vacation Home[…]