FHA Cash Out Refinance With 580 Credit Score San Diego

The FHA home loan program has recently begun to loosen its credit guidelines to allow borrowers with far from perfect credit to qualify for all kinds of FHA home loans.   Today I’m going to talk about getting a FHA “cash out” refinance.  There are two different types of refinances, cash out and rate and term.  […]

Mortgage With No Credit Score in California

There are many people out there that want to get a mortgage to buy a home but for some reason they have no credit scores that report to the credit bureaus.  The main reason for this is these borrowers do not have any lines of credit that report to the credit bureaus.  They do not […]

Calculating Your Debt-To-Income Ratio For a FHA Loan

Debt-to-income ratio (DTI) calculation is a very important part of the loan qualification process.  FHA home loans happen to allow the highest DTI of any home loan available today.  For example, FHA home loans will generally allow a borrower to go up to a 55% DTI with only 3.5% down payment.  Conventional home loans with […]

Mortgage With Bad Credit in San Diego

In the last six months or so, home loan lenders have been getting less restrictive in terms of credit requirements for home loans.  You may be able to qualify for a mortgage with “bad credit” in San Diego.  When your credit score is below 620, FHA is generally the best option.  We have options where […]

Get Rid of FHA Mortgage Insurance With Refinance to Conventional

In the past 18 months real estate prices have risen in California enough in many cases for borrowers to refinance out of FHA loans with high monthly mortgage insurance to conventional loans at 80% or less loan-to-value with NO mortgage insurance.  If you have a FHA loan in California, don’t hesitate to contact me to […]