FHA Condo Rules Change (Again)
The clock has been ticking for condo buyers who plan to use an FHA loan to fund their condo purchases. Effective December 7, all condominium complexes will lose FHA approval. New applications for FHA approval must be submitted. Until new approvals are granted by the Federal Housing Administration, no new FHA loans will be available […]
San Diego Home Buyers Insurance
First time homebuyers can now have added peace of mind when buying homes in San Diego or anywhere in California. The California Association of Realtors Housing Affordability Fund (HAF) has created an insurance product that will pay up to $1,500 per month to participating home owners who lose their jobs or become involuntarily disabled. The […]
$8000 San Diego Home Buyer Credit
On May 29 the Obama administration announced final guidelines to provide first-time home buyers with an $8,000 cash advance that can be used to pay closing costs and part of the down payment for home purchases completed by November 30, 2009. The money is available to qualified buyers who obtain their home mortgage through the […]