I’ve been in lending for the past 15 years and have seen a lot of different tolerance levels for credit scores. Back in the late 1990’s/early 2000’s, a 720 credit score was all you need to be at the top tier for some of the progressive loan products. However, since the death of subprime lending, FHA has now taken over as an alternative source of … [Read more...]
Archives for April 2013
Maximum Conventional Loan San Diego
The maximum conventional loan varies from county to county. San Diego County has a temporary limit for FHA and a permanent one for conventional. The permanent one for conventional financing is $546,250. The temporary one for FHA is $697,500. Now, just because they say that it’s temporary vs. permanent doesn’t mean that it’s not subject to … [Read more...]
San Diego Prequalify for Mortgages
Prequalifying for a mortgage doesn’t have to be as complicated as it may seem! It’s important to make sure that all of your documentation is being reviewed before you get an official green light from your lender. With the market as competitive as it is recently, it’s been a common practice for listing agents to get what is called a … [Read more...]