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CA renter.
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August 15, 2009 at 8:11 AM #445615August 16, 2009 at 12:15 AM #445128
HLS
ParticipantAN is correct $697,500 for San Diego county limit for a single family home/condo.
2 to 4 unit properties have higher limits.LA-ORANGE county are $729,750 and higher for multi unit..as well as other counties.
I dont have the exact stats, but recall reading that something like 50% of recent CA purchases are FHA…it’s pathetic!
Some people are foolishly getting FHA loans when they qualify for better/cheaper financing.
Others are being pushed into FHA on the advice of a realtor/mortgage salesperson, when they should be told that they shouldn’t be buying a house.The losses from FHA may be beyond belief. They are disguising the fraud by refinancing homes without appraisals. (If they can keep a borrower paying, they don’t care how much they owe OR how upside down they are)
When 100% financing was available a few years ago via 80/20, FHA loans weren’t very popular. They have skyrocketed the past couple of years as the market has declined. It’s a recipe for disaster that the taxpayer will be picking up the tab for.
FHA is the new subprime that may implode.
August 16, 2009 at 12:15 AM #445322ParticipantAN is correct $697,500 for San Diego county limit for a single family home/condo.
2 to 4 unit properties have higher limits.LA-ORANGE county are $729,750 and higher for multi unit..as well as other counties.
I dont have the exact stats, but recall reading that something like 50% of recent CA purchases are FHA…it’s pathetic!
Some people are foolishly getting FHA loans when they qualify for better/cheaper financing.
Others are being pushed into FHA on the advice of a realtor/mortgage salesperson, when they should be told that they shouldn’t be buying a house.The losses from FHA may be beyond belief. They are disguising the fraud by refinancing homes without appraisals. (If they can keep a borrower paying, they don’t care how much they owe OR how upside down they are)
When 100% financing was available a few years ago via 80/20, FHA loans weren’t very popular. They have skyrocketed the past couple of years as the market has declined. It’s a recipe for disaster that the taxpayer will be picking up the tab for.
FHA is the new subprime that may implode.
August 16, 2009 at 12:15 AM #445659ParticipantAN is correct $697,500 for San Diego county limit for a single family home/condo.
2 to 4 unit properties have higher limits.LA-ORANGE county are $729,750 and higher for multi unit..as well as other counties.
I dont have the exact stats, but recall reading that something like 50% of recent CA purchases are FHA…it’s pathetic!
Some people are foolishly getting FHA loans when they qualify for better/cheaper financing.
Others are being pushed into FHA on the advice of a realtor/mortgage salesperson, when they should be told that they shouldn’t be buying a house.The losses from FHA may be beyond belief. They are disguising the fraud by refinancing homes without appraisals. (If they can keep a borrower paying, they don’t care how much they owe OR how upside down they are)
When 100% financing was available a few years ago via 80/20, FHA loans weren’t very popular. They have skyrocketed the past couple of years as the market has declined. It’s a recipe for disaster that the taxpayer will be picking up the tab for.
FHA is the new subprime that may implode.
August 16, 2009 at 12:15 AM #445732ParticipantAN is correct $697,500 for San Diego county limit for a single family home/condo.
2 to 4 unit properties have higher limits.LA-ORANGE county are $729,750 and higher for multi unit..as well as other counties.
I dont have the exact stats, but recall reading that something like 50% of recent CA purchases are FHA…it’s pathetic!
Some people are foolishly getting FHA loans when they qualify for better/cheaper financing.
Others are being pushed into FHA on the advice of a realtor/mortgage salesperson, when they should be told that they shouldn’t be buying a house.The losses from FHA may be beyond belief. They are disguising the fraud by refinancing homes without appraisals. (If they can keep a borrower paying, they don’t care how much they owe OR how upside down they are)
When 100% financing was available a few years ago via 80/20, FHA loans weren’t very popular. They have skyrocketed the past couple of years as the market has declined. It’s a recipe for disaster that the taxpayer will be picking up the tab for.
FHA is the new subprime that may implode.
August 16, 2009 at 12:15 AM #445912ParticipantAN is correct $697,500 for San Diego county limit for a single family home/condo.
2 to 4 unit properties have higher limits.LA-ORANGE county are $729,750 and higher for multi unit..as well as other counties.
I dont have the exact stats, but recall reading that something like 50% of recent CA purchases are FHA…it’s pathetic!
Some people are foolishly getting FHA loans when they qualify for better/cheaper financing.
Others are being pushed into FHA on the advice of a realtor/mortgage salesperson, when they should be told that they shouldn’t be buying a house.The losses from FHA may be beyond belief. They are disguising the fraud by refinancing homes without appraisals. (If they can keep a borrower paying, they don’t care how much they owe OR how upside down they are)
When 100% financing was available a few years ago via 80/20, FHA loans weren’t very popular. They have skyrocketed the past couple of years as the market has declined. It’s a recipe for disaster that the taxpayer will be picking up the tab for.
FHA is the new subprime that may implode.
August 16, 2009 at 6:57 AM #445153Ren
ParticipantBut at least there are some qualifications to meet. They actually verify income with FHA, I assume. It’s bad, but it’s been much worse.
August 16, 2009 at 6:57 AM #445346ParticipantBut at least there are some qualifications to meet. They actually verify income with FHA, I assume. It’s bad, but it’s been much worse.
August 16, 2009 at 6:57 AM #445685ParticipantBut at least there are some qualifications to meet. They actually verify income with FHA, I assume. It’s bad, but it’s been much worse.
August 16, 2009 at 6:57 AM #445756ParticipantBut at least there are some qualifications to meet. They actually verify income with FHA, I assume. It’s bad, but it’s been much worse.
August 16, 2009 at 6:57 AM #445937ParticipantBut at least there are some qualifications to meet. They actually verify income with FHA, I assume. It’s bad, but it’s been much worse.
August 16, 2009 at 8:08 AM #445173Raybyrnes
ParticipantHLS,
What is the differences between FHA and California Housing fiinance Authority? Do you see one being more adventagous that the other?August 16, 2009 at 8:08 AM #445367ParticipantHLS,
What is the differences between FHA and California Housing fiinance Authority? Do you see one being more adventagous that the other?August 16, 2009 at 8:08 AM #445705ParticipantHLS,
What is the differences between FHA and California Housing fiinance Authority? Do you see one being more adventagous that the other?August 16, 2009 at 8:08 AM #445777ParticipantHLS,
What is the differences between FHA and California Housing fiinance Authority? Do you see one being more adventagous that the other? -
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