Tag Archives | Mortgage Insurance

2011 VA Loan Limits | Orange County, CA

The loan limits for 100% VA loan financing in Orange County, CA have been increased for 2011 to $700,000. This is great news and means VA eligible home buyers will be able to purchase homes up to $700,000 with no down payment. There is no other loan programs allowing $0 down anywhere near this loan […]

Understanding the FHA Mortgage Insurance Premium (MIP)

* Disclaimer – all information in this article is accurate as of the date this article was written * Orange County home buyers have heard of the FHA loan program. But what about the MIP? The FHA Mortgage Insurance Premium is an important part of every FHA loan. There are actually two types of Mortgage […]

Why Do I Need To Pay A VA Funding Fee in Orange County?

For Orange County VA borrowers, the VA Funding Fee is an essential component of the VA home loan program, and is a requirement of any Veteran taking advantage of this zero down payment government loan program. (Unless waived for disability) This fee ranges from 1.25% to 3.3% of the loan amount, depending upon the circumstances. […]

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