FHA Home Loans

Kern County single family homes have FHA loan limits of $140,500. Ventura County limits are $160,950. With a 3% down payment that makes home ownership within reach. Most lenders will have FHA loan options. That would include banks, savings and loans, mortgage brokers. Link to the LA Times interest rate: http://www.latimes.com/mortgage/ VA and Cal Vet Loans Your local bank &/or mortgage lender can assist you with a VA loan. Those loan maximums are $203,000 . Cal Vet Loans are obtained through your local Cal Vet office. Call or E-mail me for the nearest office to your location. Cal Vet loan limits in California are $250,000 HUD short for U.S. Department of Housing and Urban Development. From time to time there are HUD homes for sale in our area. Call or e-mail for current list of homes, bid information, etc. Cal Rural Loan is available in Kern County. It's possible to buy with $500 down. What is a Point? One point is equal to 1% of the loan amount. FHA: The Buyer is usually charged with the Loan Origination Fee; the Discount Fee can be paid by the Buyer or Seller. VA: The Buyer is usually charged witht he Loan Origination Fee and the Funding Fee. Discount Fee may be paid by Seller, Buyer or split. Conventional: Ponts can be paid by the Buyer, the Seller or split between the two.