Robert Chomentowski's (robchom) Blog

FHA loan limits in California are very generous and often higher than conventional loan limits.  Below are the 2013 FHA loan limits for selected counties in California: San Diego County: $697,500 Sacramento County: $580,000 El Dorado County: $580,000 Placer County:$580,000 Riverside County:$500,...

FHA home loans that are originated after April 1st 2013 will have new inceases to monthly mortgage insurance.  For 30 year fixed FHA home loans the changes are below: For FHA home loans <$625,000 and > 5% down payment, the monthly mortgage insurance will rise from 1.25% to 1.30% For FHA loans <$6...

A very encouraging fact to all of those eligible for a VA home loan is that the wait is only two years after having a short sale to be able to apply for a VA home loan and get back into the market to own your own home.  The key is to look up the date that the deed to the home that short sale tran...

If you are active or a veteran of the Army, Navy, Air Force, Marines or Coast Guard, most likely your have VA home loan eligibility.  But there are some factors that affect how much eligibility you have or if you have eligibility at all: It takes 90 days of service during war time (181 days duri...

The great news is it only takes two years after foreclosure to get a VA home loan in California.  So even if you had a foreclosure fairly recently, you can be back in the California market to buy using your VA home loan benefits.  They key is you want to check the date that the deed to you forec...

The chances to save tens of thousands, even hundreds of thousands of dollars over the life of your loan with a VA refinance loan today are truly astonishing.  Who would have ever though we would be talking about VA loan interest rates in the territory they are now in.  Below are some highlights o...

If you are looking to buy a home it's a good idea to take a look at 5% down conventional vs. FHA.  There are a couple advantages of 5% conventional loans over FHA loans. 1. 5% conventional home loans do not have upfront mortgage insurance and have a lower monthly mortgage insurance.  FHA current...

FHA loan limits in California are still the higest of any loan type.  You can go up to $729,750 in many coastal areas of California such as Los Angeles, Orange County, San Francisco, Santa Clara, Contra Costa, Alameda, San Mateo.  And San Diego FHA loan limits are not fa behind at $697,500.  Als...

VA loan limits in California allow borrowers to buy some very nice homes in nice areas with zero down payment.  Below are some VA loan limits for various counties in California: Los Angeles $621,000 Alameda $625,000 Contra Costa $625,000 San Mateo $625,000 San Francisco $625,000 Orange $621,000 S...

VA loan guidelines are pretty liberal when it comes to qualifying veterans for home loans after periods of unemployment.  If you have a gap in your employment of 0-5 months, VA loan requirements only require you to be back on the job for 30 days to apply for a VA home loan.  If you have a gap in ...