Mortgage Industry

May 2013 – Updated FHA Santa Clarita Approved Condo Communities List

May 3, 2013

It needed to be done. So here it is. An updated list of all Santa Clarita condo communities that are FHA approved. Unless a new Santa Clarita condo community comes back to life as an approved condo community…this list might be up-to-date until October 2013 when the next few communities FHA approval, expires (such as [...]

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Buying Santa Clarita Home After Foreclosure Could Mean 7 Year Wait.

April 9, 2013

Buying a home in Santa Clarita after having had a foreclosure on your credit, could mean waiting 7 years to become a homeowner again. With FHA financing terms becoming less attractive due to increased mortgage insurance premiums, and the fact that they are also in place for longer periods of time, more and more homebuyers [...]

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Buy A Santa Clarita Home Using An FHA Loan By June 3, 2013

March 29, 2013

Changes are coming to the Santa Clarita Real Estate Market. FHA loans are already difficult to utilize in a seller’s market, due to the stiff competition from homebuyers with larger down payments, but add to that mix the increased costs of the loan itself, we will probably see less and less FHA loans being used [...]

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Santa Clarita Real Estate – Mortgage Rates Update

October 3, 2012

Thank you to The Renno Team at Pacific Funding Mortgage for another home loan & interest rate update. Things are crazy out here. By here, I mean in the Santa Clarita real estate market. It’s always necessary to have a great lender at your back, to help make sure your loan goes through. We can’t [...]

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Anti-flipping policy waiver extended – helps Santa Clarita FHA homebuyers

January 3, 2012

For the second year in a row, Santa Clarita homebuyers utilizing FHA insured mortgages will be relieved to know that the Federal Housing Administration has extended the waiver of their anti-flipping policy. The anti-flipping policy affected FHA homebuyers who wanted to purchase homes that had been owned for 90 days or less. The government wanted [...]

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Santa Clarita Mortgage Video Update: October 2011

October 18, 2011

Conventional loan for 3% down? Wow! That could be useful. Listen in and watch Keith Renno from the Renno Lending Team @ Pacific Funding Mortgage, and gain some insight as to what’s happening in the mortgage market, and how it may affect Santa Clarita real estate. There are so many condo and townhome communities in [...]

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Loan limit changes and their effect on Santa Clarita real estate market

September 30, 2011

On October 1, 2011, the maximum loan limits for conforming FHA/Conventional loans will change. The Santa Clarita real estate market will be impacted. But how much? Fannie Mae and Freddie Mac, at he directive of the US Government, can no longer buy loans that have a loan amount more than $625,500. This is a change, [...]

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Ocwen Introduces Shared Appreciation Modification Program – SAM

July 28, 2011

In an effort to keep homeowners current, and give them some skin in the game, so-to-speak, Ocwen has just introduced their principal reduction program that they call SAM, short for Shared Appreciation Modification program. This program will aim to reduce upside down homeowners’ mortgage principal balance to 95% of market value, and in return the [...]

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Popular Santa Clarita Mortgage Questions

July 26, 2011

Thanks to Keith Renno at The Renno Team of Pacific Funding Mortgage, for hanging out with me today on the ScvRealEstate360 show. Today we discussed the most popular and currently relevant questions that homebuyers and borrowers, are asking about mortgages. Interest Rates? Down Payment Assistance? What’s the difference between Conventional and FHA loan programs? When [...]

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Santa Clarita Homebuyers Compare: Conventional loan or FHA?

July 12, 2011

With so many condominium communities within the Santa Clarita Valley, and to be sure, across the country, losing their FHA approved status, homebuyers are scrambling to find other options that enable them to purchase a home. Within just the Santa Clarita Valley, 11 more communities will lose their FHA approved status on July 31, 2011, [...]

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