FHA Loans and PUD Rules

[WayneBruce]

I also have a question. What is the current limit in California for Conformal Mortgages? Has it gone back down to $417k, or is it still higher?

[5yearwaiter]

[quote=WayneBruce]I also have a question. What is the current limit in California for Conformal Mortgages? Has it gone back down to $417k, or is it still higher?[/quote]

If you pay 20% down then there could be 619K mortgage eligibility in San Diego locations and this is also comes under conventional loans like 417K (may be a small interest rate change)

[5yearwaiter]

[quote=WayneBruce]I also have a question. What is the current limit in California for Conformal Mortgages? Has it gone back down to $417k, or is it still higher?[/quote]

If you pay 20% down then there could be 619K mortgage eligibility in San Diego locations and this is also comes under conventional loans like 417K (may be a small interest rate change)

[5yearwaiter]

[quote=WayneBruce]I also have a question. What is the current limit in California for Conformal Mortgages? Has it gone back down to $417k, or is it still higher?[/quote]

If you pay 20% down then there could be 619K mortgage eligibility in San Diego locations and this is also comes under conventional loans like 417K (may be a small interest rate change)

[5yearwaiter]

[quote=WayneBruce]I also have a question. What is the current limit in California for Conformal Mortgages? Has it gone back down to $417k, or is it still higher?[/quote]

If you pay 20% down then there could be 619K mortgage eligibility in San Diego locations and this is also comes under conventional loans like 417K (may be a small interest rate change)

[5yearwaiter]

[quote=WayneBruce]I also have a question. What is the current limit in California for Conformal Mortgages? Has it gone back down to $417k, or is it still higher?[/quote]

If you pay 20% down then there could be 619K mortgage eligibility in San Diego locations and this is also comes under conventional loans like 417K (may be a small interest rate change)

[creechrr]

I’m obviously out of touch with reality. My expectations are all a kilter.

I understand the areas listed are the “desirable” areas but, the those prices seem outrageous to me. I have a hard time with $600-700K for a SFR much less a townhouse.

I really have a hard time seeing how these numbers make sense. I have an even harder time with the volume of people that are more than willing to pay/borrow that kind of money.

The psychology seems to be something akin to, “the more I pay, the better I am”.

And, this isn’t directed at the OP. This is just a general observation. I know quite a few people that have bought in the last year that are a hiccup away from financial ruin but, they love it. They’re unable to do much beyond pay the mortgage but, are happy. At least, that’s how they appear outwardly.

I’ve been visiting piggington for around three years or so. In the that time I had come to think of the community here as financially responsible, savy even. I’m not sure what has changed.

It has to be me. If I’m the only one to not see Jesus on the Frito-Lay, does that mean that I’m crazy? Wait, on second thought, it’s not just piggington. I have this feeling at work, with friends, other web forums.

When things feel apart last fall/winter, I thought we were on the road back to financial responsiblity and a sense of reality. It hasn’t even been a year since the end was upon us and it seems as though a large number of the population just wants to keep it going.

I’m either crazy, a fool, or I just didn’t get the memo.

[creechrr]

I’m obviously out of touch with reality. My expectations are all a kilter.

I understand the areas listed are the “desirable” areas but, the those prices seem outrageous to me. I have a hard time with $600-700K for a SFR much less a townhouse.

I really have a hard time seeing how these numbers make sense. I have an even harder time with the volume of people that are more than willing to pay/borrow that kind of money.

The psychology seems to be something akin to, “the more I pay, the better I am”.

And, this isn’t directed at the OP. This is just a general observation. I know quite a few people that have bought in the last year that are a hiccup away from financial ruin but, they love it. They’re unable to do much beyond pay the mortgage but, are happy. At least, that’s how they appear outwardly.

I’ve been visiting piggington for around three years or so. In the that time I had come to think of the community here as financially responsible, savy even. I’m not sure what has changed.

It has to be me. If I’m the only one to not see Jesus on the Frito-Lay, does that mean that I’m crazy? Wait, on second thought, it’s not just piggington. I have this feeling at work, with friends, other web forums.

When things feel apart last fall/winter, I thought we were on the road back to financial responsiblity and a sense of reality. It hasn’t even been a year since the end was upon us and it seems as though a large number of the population just wants to keep it going.

I’m either crazy, a fool, or I just didn’t get the memo.

[creechrr]

I’m obviously out of touch with reality. My expectations are all a kilter.

I understand the areas listed are the “desirable” areas but, the those prices seem outrageous to me. I have a hard time with $600-700K for a SFR much less a townhouse.

I really have a hard time seeing how these numbers make sense. I have an even harder time with the volume of people that are more than willing to pay/borrow that kind of money.

The psychology seems to be something akin to, “the more I pay, the better I am”.

And, this isn’t directed at the OP. This is just a general observation. I know quite a few people that have bought in the last year that are a hiccup away from financial ruin but, they love it. They’re unable to do much beyond pay the mortgage but, are happy. At least, that’s how they appear outwardly.

I’ve been visiting piggington for around three years or so. In the that time I had come to think of the community here as financially responsible, savy even. I’m not sure what has changed.

It has to be me. If I’m the only one to not see Jesus on the Frito-Lay, does that mean that I’m crazy? Wait, on second thought, it’s not just piggington. I have this feeling at work, with friends, other web forums.

When things feel apart last fall/winter, I thought we were on the road back to financial responsiblity and a sense of reality. It hasn’t even been a year since the end was upon us and it seems as though a large number of the population just wants to keep it going.

I’m either crazy, a fool, or I just didn’t get the memo.

[creechrr]

I’m obviously out of touch with reality. My expectations are all a kilter.

I understand the areas listed are the “desirable” areas but, the those prices seem outrageous to me. I have a hard time with $600-700K for a SFR much less a townhouse.

I really have a hard time seeing how these numbers make sense. I have an even harder time with the volume of people that are more than willing to pay/borrow that kind of money.

The psychology seems to be something akin to, “the more I pay, the better I am”.

And, this isn’t directed at the OP. This is just a general observation. I know quite a few people that have bought in the last year that are a hiccup away from financial ruin but, they love it. They’re unable to do much beyond pay the mortgage but, are happy. At least, that’s how they appear outwardly.

I’ve been visiting piggington for around three years or so. In the that time I had come to think of the community here as financially responsible, savy even. I’m not sure what has changed.

It has to be me. If I’m the only one to not see Jesus on the Frito-Lay, does that mean that I’m crazy? Wait, on second thought, it’s not just piggington. I have this feeling at work, with friends, other web forums.

When things feel apart last fall/winter, I thought we were on the road back to financial responsiblity and a sense of reality. It hasn’t even been a year since the end was upon us and it seems as though a large number of the population just wants to keep it going.

I’m either crazy, a fool, or I just didn’t get the memo.

[creechrr]

I’m obviously out of touch with reality. My expectations are all a kilter.

I understand the areas listed are the “desirable” areas but, the those prices seem outrageous to me. I have a hard time with $600-700K for a SFR much less a townhouse.

I really have a hard time seeing how these numbers make sense. I have an even harder time with the volume of people that are more than willing to pay/borrow that kind of money.

The psychology seems to be something akin to, “the more I pay, the better I am”.

And, this isn’t directed at the OP. This is just a general observation. I know quite a few people that have bought in the last year that are a hiccup away from financial ruin but, they love it. They’re unable to do much beyond pay the mortgage but, are happy. At least, that’s how they appear outwardly.

I’ve been visiting piggington for around three years or so. In the that time I had come to think of the community here as financially responsible, savy even. I’m not sure what has changed.

It has to be me. If I’m the only one to not see Jesus on the Frito-Lay, does that mean that I’m crazy? Wait, on second thought, it’s not just piggington. I have this feeling at work, with friends, other web forums.

When things feel apart last fall/winter, I thought we were on the road back to financial responsiblity and a sense of reality. It hasn’t even been a year since the end was upon us and it seems as though a large number of the population just wants to keep it going.

I’m either crazy, a fool, or I just didn’t get the memo.

[chrisp]

Make you feel any better that they are 3 bedroom 2,000 square feet properties? Also, in CA . . .

The fact that its a townhome vs. SFR are less important to us than other factors. A number of SFR developments we’ve viewed seem right on top of each other and much more dense and crammed in that well-laid out attached developments.

[chrisp]

Make you feel any better that they are 3 bedroom 2,000 square feet properties? Also, in CA . . .

The fact that its a townhome vs. SFR are less important to us than other factors. A number of SFR developments we’ve viewed seem right on top of each other and much more dense and crammed in that well-laid out attached developments.

[chrisp]

Make you feel any better that they are 3 bedroom 2,000 square feet properties? Also, in CA . . .

The fact that its a townhome vs. SFR are less important to us than other factors. A number of SFR developments we’ve viewed seem right on top of each other and much more dense and crammed in that well-laid out attached developments.

[chrisp]

Make you feel any better that they are 3 bedroom 2,000 square feet properties? Also, in CA . . .

The fact that its a townhome vs. SFR are less important to us than other factors. A number of SFR developments we’ve viewed seem right on top of each other and much more dense and crammed in that well-laid out attached developments.

[Author]

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