December 2014 - Home Loans Rancho Cucamonga

Low Down Payment Purchase Home Loan Program in California

Fannie Mae and Freddie Mac re-introduced a very low down payment purchase home loan program in California at 3% down to buy a home to compete with the FHA home loan program at 3.5% down payment. Fannie Mae’s DU update to 9.2 was released over the weekend of December 16th. As part of their underwriting enhancements,…

December 28, 2014Conventional, First Time Home Buyers, Purchase LoanBy Nathan Rufty

Is Now the Time to Consider a 15 Year Fix Term Mortgage?

Five Valuable Reasons to Explore a 15 Year Fix Rate Term Home Loan in California. A 15 year fixed term mortgage can reduce your over interest paid on a 30 year mortgage. Since there has been a surge in refinance home loans in California, I am presenting 15 and 20 years term to those homeowners that are…

December 7, 2014Conventional, Purchase Loan, Refinance Loan, VABy Nathan Rufty