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Posts By Kristen Emery


HUD changes to the FHA Condo Approval Process means delay for Homebuyers

HUD has recently revamped their requirements for approval of Condominium Projects for FHA mortgages. Almost all condominium projects will need to obtain a new approval under the new HUD/FHA guidelines. This will add about 30 days to the the amount of time needed to complete the purchase of a condominium.

First-Time Home Buyers getting started with a FHA Mortgage

As a Los Gatos FHA mortgage lender, Mortgage California is working with hundreds of first-time home buyers to achieve their dream of home ownership. We are a local Direct Endorsed lender, which according to HUD  ”makes it easier for home buyers to purchase because they are obtaining their mortgage insurance from a HUD-approved lender.
With lower down [...]

First Time Home Buyers – California Tax Credit for New Construction

Good news for SF Bay Area and Silicon Valley home buyers
When the California State Budget for 2009-2010 passed back in February of 2009 it included a $10,000 tax credit to buyers of new construction as follows:

Eligible period – from March 1, 2009 to to February 29, 2010 (or until the funds run out).
Qualified buyer is someone purchasing [...]