November 2018

Found 1 blog entry for November 2018.

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One of the hardest things to figure out when buying a home in Huntington Beach is if the property is FHA or VA approved.  Typically a lender will have a list of available properties that are on the approved list but this is not always the case.  We have had some lenders call our office asking us about a specific property which would require talking with the homeowners association to check on the status.  An FHA loan is where the buyer is willing to put down 3% of the purchase price and finance the rest.  These are seen as a little more risky than a traditional loan since the amount of equity in the home is much lower than a buyer who might be putting down 20% of the purchase price.  VA loan are for military personal that don't require a down payment which