Scott Storace - Branch Manager, 100 Pacifica Drive Ste. 140, Irvine CA 92618 NMLS #226339 949.973.0141

"From the minute you call me to the minute we close, I have your back. No hassles, no banker’s hours & quick response times." - Scott Storace

  • Home Loans up to $3,000,000
  • Interest Rate Float Down Option
 

Have Questions? Call 949.973.0141

FHA Home Loans Category

If you seek FHA specific related information this category will cover it.

How to Cancel Your FHA Mortgage Insurance: Orange County, CA

Link to How to Cancel Your FHA Mortgage Insurance: Orange County, CA A question I am frequently asked is: “How can I cancel my FHA mortgage insurance?” FHA loans have a variety of benefits. More tolerant guidelines, low interest rates and guaranteed mortgage insurance. Orange county homeowners seeking an FHA loan do not need to qualify for their mortgage insurance independently. It’s a package deal. Similar to employer sponsored group health...[...]

FHA Streamline: New Benefits Mean More Savings for Orange County Homeowners

Link to FHA Streamline: New Benefits Mean More Savings for Orange County Homeowners Since 2008, refinancing an FHA loan has become more difficult and less cost effective. HUD’s recent announcement turns back the clock and makes FHA streamline refinancing much more practical. Starting June 11, 2012 Orange County homeowners will be able to refinance their FHA loans with two fantastic new benefits. However, these benefits are only available for 3+ year FHA...[...]

FHA Flip Waiver in Orange County, CA

Link to FHA Flip Waiver in Orange County, CA It’s a great time to invest in real estate! Seasoned investors and new real estate enthusiasts are eager to seize today’s opportunities. Distressed properties and market declines allow investors to acquire properties at deep discounts. Some investors buy and hold while others like to buy and sell. Buying, fixing and selling immediately thereafter is referred to as flipping....[...]

Bankruptcy: The Impact on New FHA Loans in Orange County, CA

Link to Bankruptcy: The Impact on New FHA Loans in Orange County, CA Bankruptcy is defined as a legal protection from creditors to those who are unable to pay their debts. A bankruptcy is a serious credit action and will stay on your credit report for 7-10 years depending on the type filed. Naturally it will also impact an Orange County resident’s ability to purchase another home. However, the impact is not nearly as great as many think. There are many...[...]

FHA 203k Renovation Loans: Full and Streamline

Link to FHA 203k Renovation Loans: Full and Streamline Orange County, CA – Have you walked through the front door of a property and quickly realized it needs major work? Or maybe it just needs a few cosmetic touches to appeal to your sense of style. Whether major or minor, The FHA 203k renovation loans allow a borrower to include their renovation costs into their purchase or refinance. It eliminates the need for two separate...[...]

FHA Streamline Refinance

Link to FHA Streamline Refinance Orange County, CA – An FHA streamline refinance enables homeowners to convert part of their mortgage into savings. Reducing the payment means putting money back into their piggy bank not the corner bank! Homeowners refinance their loans for two purposes. They are seeking to take cash out of the property or modify their rate and terms. Traditional refinances require full...[...]

FHA Mortgage Insurance Changes for 4th Time in 3 Years!!

Link to FHA Mortgage Insurance Changes for 4th Time in 3 Years!! Orange County, CA – It’s deja vu all over again. FHA mortgage insurance changes again! The Department of Housing and Urban Development  decided to increase the Up-Front Mortgage Insurance Premium and annual FHA mortgage insurance rates on all loans with case numbers assigned on or after April 9, 2012. Mortgagee Letter 12-4 outlines the specifics of the change. The FHA...[...]