Author: Kevin Kueneke

The home price rise is slowing in San Diego as of October 2016. Home prices mostly remained level compared to the prior month in the different price tiers. Anticipate home price reports to show a slight rise through the end of 2016. However, the recent mortgage...

Some first-time, lower-income buyers may have gotten excited when Julian Castro announced a reduction in the annual mortgage insurance premium on FHA loans. The change came about on January 9th and would affect new loans insured by the Federal Housing Administration that closed by Jan....

As of the third quarter of 2016, 29% of the average renter's monthly income is spent on rent (according to Zillow), while the average homeowner spends about 14% on mortgage payments. Even though homeowners have additional expenses like property taxes and home maintenance, monthly houing costs for homeowners are...

San Diego Home Limits will Increase more than $30,000 on January 1, 2017. Common Questions about Loan Limits: What is an FHA Loan? An FHA loan is a mortgage insured by the Federal Housing Administration. Borrowers with FHA loans pay for mortgage insurance, which protects the lender from...

San Diego Home Limits will Increase more than $30,000 on January 1, 2017. Common Questions about Loan Limits: What Is a Conforming Loan? A conforming home loan is one that meets, or “conforms” to, certain guidelines set forth by Freddie Mac and Fannie Mae. Freddie and Fannie are...

Who takes care of the Pest Inspection and repairs? Veterans cannot pay for the actual pest inspection report. However, either the buyer or seller can pay for the actual repairs. Keep in mind that VA typically only requires that Section 1 (obvious infestation) of the...

VA Home Loan Fast Facts For San Diego County, Part Two How is the VA Funding Fee determined for a purchase loan?  The VA Funding Fee is a percentage of the base loan (purchase price minus any down payment) and depends on the type of military service,...

VA Home Loan Fast Facts For San Diego County, Part One Who is eligible for a VA home loan? Active Military, Retired Military, Coast Guard, National Guard, and in some cases the Surviving Spouse. What is the maximum VA Zero Down Home Loan Limit? The San Diego...