Following the end of the popular 10% forgivable equity builder program last year, today on 3/27/2023 the California Housing Finance Agency (CalHFA) launched the 20% Dream For All program to …
Category: Knowledge

Renovation Lending Part 1
Renovation Lending is an important program that offers home purchasers as well as current homeowners a way to carry out a major renovation on a property in one transaction. This …
Reverse Mortgage for a Home Purchase
As discussed in the previous blog post about utilizing a Reverse Mortgage for a refinance, the Reverse Mortgage can also be used for senior citizens who wish to purchase a …
Reverse Mortgage Refinancing
A Reverse Mortgage is a product designed for borrowers where the primary borrower is aged 62 or older. The Reverse Mortgage is set up to allow these borrowers to either …
Declining Markets
Real estate values are constantly changing. As such, lenders sometimes have to deal with markets where property values are declining. Declining property values are always a challenge to lenders. The …
FHA Refinancing
FHA lending has three primary types of refinancing. These are: FHA Limited Cash-Out, FHA Cash-Out, and FHA Streamline Refinance. This is a brief description of each one. FHA Limited Cash-Out …
FHA Lending Basics – Part 2
As a follow up to last week’s post, this is part 2 on FHA Basics. If you have not already read part 1, please go back and read prior to this …
FHA Lending Basics
When performing an FHA Purchase Money Mortgage, there are a few items that are basic to the program. These will be trust on all FHA Purchase Money Mortgages. FHA only …
VA Interest Rate Reduction Loans
The VA Interest Rate Reduction Loan or VA IRRL is a streamline loan refinance for current holders of a VA mortgage loan. The VA IRRL is for most VA borrowers …
Refinancing – A New Perspective
Refinancing is sometimes seen as a lesser form of mortgage transaction compared to the “superior” transaction of a purchase money mortgage loan. Nothing could be further from the truth! A …