Chapman Lending Team at HomeBridge Financial
The Federal Housing Finance Agency announced Tuesday that it is raising the conforming loan limits for Fannie Mae and Freddie Mac to more than $510,000.
In most of the U.S., the 2020 maximum conforming... »
Read More of the post Fannie Mae, Freddie Mac loan limit increases to $510,400
Who Qualifies for a VA Loan?Oct 11 2019
Do I Qualify for a VA Loan?
VA loans are specialty mortgages offered to military service members and their families and are partially backed by the Department of Veterans Affairs. To learn more details... »
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Bill Eliminating VA Loan cap signed into lawJun 27 2019
The Department of Veterans Affairs can now back loans that exceed the conforming loan limit. A bill eliminating this cap was signed into law by President Donald Trump on June 25th, 2019.
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Chapman Lending Team
Most veterans know they can purchase a home with ZERO down payment with a VA loan. However, when refinancing with a VA loan, can one pull out... »
Read More of the post VA Home Loan 100% Cash-Out Refinance: How it Works, Get Rates and Apply
2019 VA Home Loan County Limits ReleasedNov 27 2018
The 2019 VA Home Loan County Limits have been released.
2019 VA Loan Limits Announced
For 2019, the ZERO down payment limit will increase to $484,350 for most counties. For some... »
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THE TAX BENEFITS OF BEING A HOMEOWNER
When purchasing or selling a home, one should consider the many tax benefits. Buying a home is usually the biggest investments a person will ever make. Due... »
Read More of the post But BAH Is Not Taxed, Can I Still Write All This Off On My Taxes???
As interest rates increase and the housing market slows down, wouldn't it be great if a home buyer could just take over a current low rate mortgage on a home? Of course, and... »
Read More of the post Are VA Loans Assumable? YES, and the Buyer doesn’t even have to be VA Eligible!
The Chapman VA Loan Team at HomeBridge Financial now features the VA Renovation Loan
What is a HomeBridge VA Renovation Loan?
As the #1 renovation lender in the U.S., HomeBridge Financial... »
Read More of the post VA Renovation Home Loan: How to Include a $35,000 Remodel into a VA Home Loan
Loan Limits Increased For 2018Nov 28 2017
Higher loan limits have just been announced for 2018. This is great news for anyone looking to purchase a home in the coming year. It is not yet confirmed that FHA and VA... »
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2018 San Diego VA Loan LimitNov 28 2017
The 2018 VA Loan Limits have been released.
The VA loan program does not have a maximum amount a veteran can borrow using a VA loan. For 2018, the ZERO down payment limit will... »
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Disability Ratings and the VA LoanNov 2 2017
Most people are already aware that one of the perks of using a VA loan is the zero down payment for homes that are under the loan limits provided for your specific county. ... »
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There are many different things that can affect your VA Home Loan eligibility and your military discharge is definitely one of them. There are 3 types of discharges that are accepted by the... »
Read More of the post Do You Need an Honorable Discharge to Qualify For a VA Loan?
What is an Earnest Money Deposit?Aug 17 2017
Earnest money is a deposit made to a seller to prove a buyer’s good faith in a transaction. This deposit is a fraction of your down payment which indicates to the seller your... »
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Foreclosure and VA Home LoansJul 27 2017
Even with the great rates that a VA loan provides, unforeseen circumstances can arise where the veteran is unable to pay for their mortgage any longer. If a foreclosure seems likely the veteran... »
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Can a Surviving Spouse Use a VA Loan?Jul 7 2017
The VA guidelines before 2012 stated that only spouses who died from military-related causes would be allowed to have VA benefits. Since then the VA has changed their stance on loan eligibility for... »
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Can You Receive Gift Funds For a VA Home Loan?Jun 23 2017
Veterans are in a unique position when it comes to home loans. They are offered a number of great benefits such as easier qualifying, extremely competitive rates and of course zero money down. ... »
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When purchasing a home, a crucial part of the process is to have the home appraised. VA Appraisers inspect the interior and surrounding property in order to establish the value of a home. ... »
Read More of the post What Happens When a VA Appraisal Comes in Low?
Solar is becoming more popular than ever due to the fact that homeowners can save money as well as make their house "green." But when buying or selling a home solar panels can... »
Read More of the post How Solar Affects Buying, Selling and Refinancing a House
Why is there a misconception out there that if a seller accepts a VA offer, they will have to pay more in closing costs?
Whether you are the buyer or seller, closing costs are... »
Read More of the post VA Loan Allowable and Non-Allowable Closing Costs
Housing is the biggest expense for most Americans and it accounts for more than 30 percent of a household's yearly expenditures. Of course, housing costs vary greatly depending on where you live and... »
Read More of the post Renting vs. Owning – The Power of the VA Loan in San Diego
The Disabled Veterans' Exemption reduces property tax liability for qualified veterans. These veterans must have been rated 100% disabled or are being compensated at the 100% rate due to unemployment due to a... »
Read More of the post Property Tax Exemptions for Disabled Veterans in California
Can a VA Loan Be Passed to a Spouse or Children?Feb 16 2017
While the majority of servicemembers and veterans are eligible for a VA home Loan, what are the requirements for spouses or even children? When looking into the VA Loan eligibilty there are always... »
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VA Disability Can Save You Thousands in VA Loan Fees
Most veterans with disabilities caused by injuries sustained in service will likely be eligible for a VA home loan. Disabled... »
Read More of the post How Does VA Disability affect the VA Home Loan?
Condition Requirements For a VA LoanJan 20 2017
When considering a VA loan there are some property requirements that need to be met before a loan can be qualified. The VA's minimum property requirements or MPRs can help point you in the... »
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Termite Inspections and the VA LoanDec 22 2016
As most people know there are many benefits to the VA loan that other loans do not possess. But one requirement that is specific to the VA loan is pest inspections. Termites can... »
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Can Student Loans Affect VA Loans?Dec 6 2016
Nearly 70% of College graduates have some sort of student loan debt, with an average of $37,000 in 2016. Just like any other debt, your student loans will be considered in your debt-to-income... »
Read More of the post Can Student Loans Affect VA Loans?
2017 San Diego VA Loan LimitsNov 30 2016
The 2017 VA Loan Limits have been released.
The VA loan program does not have a maximum amount a veteran can borrow using a VA loan. For 2017, the ZERO down payment limit will... »
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What if I have used a VA loan in the past?Nov 4 2016
Most people have the idea that once they find the perfect house they will live there forever. Unfortunately, that is not always the case. Your circumstances change and you may find your "perfect"... »
Read More of the post What if I have used a VA loan in the past?
Can Your Children Impact Your VA Loan?Oct 26 2016
Believe it or not but having a child or children can have an affect on your VA home loan. There are 3 main areas that can have a huge affect on whether or... »
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Manufactured Housing and the VA LoanOct 25 2016
Manufactured or modular houses have an appeal to buyers because of their cheaper prices than the standard houses that are built from the ground up. Living in a place such as San Diego,... »
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Investment Property and VA LoansOct 21 2016
One of the benefits of the VA home loan is that an active duty member or a veteran can purchase a house of their dreams. But a common question regarding their loan is... »
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What are the Closing Costs for a VA Loan?Oct 20 2016
What are the Closing Costs for a VA Loan?
Closing costs are the costs and fees associated with acquiring and finalizing a home purchase or refinance. Unfortunately, most of them must be paid before you... »
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What documents do I need for a VA Loan?Oct 12 2016
What documents do I need for a VA Loan?
The VA Home Loan is widely considered to be the best mortgage available in today's market for active duty military and veterans. Eligible veterans are... »
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