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FHA Home Refinance Loans in California
California FHA lenders offer refinance loans for homeowners with higher home loan refinancing limits for low fixed rate mortgage. FHA home loans make sense for California borrowers seeking home refinancing with an affordable fixed rate payment, regardless of credit scores. Nationwide has introduced additional FHA mortgage specials that are only available to California homeowners seeking a fixed rate refinance solution. Borrowers can get cash out with these FHA refinance loans up to 95% loan to value. Our California lending reputation remains strong because we continue to put the borrower first. Take advantage of our innovative FHA loans that offer a competitive interest rate, cash back and there is no pre-payment penalties. California mortgage rates have never been more affordable.
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We have extended mortgage refinance incentives to California borrowers in San Diego, Los Angeles, Riverside, Fresno and Orange County with discount interest rates for government loans. Our California FHA lenders offer cash out for debt consolidation or money to finance a new home renovation. The state of California has set forth some APR restrictions and fee limitations that have created serious obstacles for many mortgage brokers. Nationwide has been helping borrowers in the California with high LTV loans for many years with countless happy customers coming back to us for refinancing and purchasing new homes.
New California FHA Mortgage Limits
California residents will benefit from increased mortgage limits that exceed the old conforming limit of $417,000. HUD was approved to increase the mortgage maximum limits for properties in California. The updated 2010 FHA loan changes can be viewed below by county.
MSA Name |
County Name |
State |
One-Family |
Two-Family |
Three-Family |
Four-Family |
SAN DIEGO-CARLSBAD-SAN MARCOS, |
SAN DIEGO |
CA |
$697,500 |
$892,950 |
$1,079,350 |
$1,341,350 |
SALINAS , CA |
MONTEREY |
CA |
$729,750 |
$934,200 |
$1,129,250 |
$1,403,400 |
BISHOP, CA |
INYO |
CA |
$437,500 |
$560,050 |
$677,000 |
$841,350 |
SAN LUIS OBISPO-PASO ROBLES, CA |
SAN LUIS OBISPO |
CA |
$687,500 |
$880,100 |
$1,063,850 |
$1,322,150 |
YUBA CITY , CA |
YUBA |
CA |
$425,000 |
$544,050 |
$657,650 |
$817,300 |
YUBA CITY , CA |
SUTTER |
CA |
$425,000 |
$544,050 |
$657,650 |
$817,300 |
UKIAH , CA |
MENDOCINO |
CA |
$512,500 |
$656,100 |
$793,050 |
$985,600 |
SANTA BARBARA-SANTA MARIA, CA |
SANTA BARBARA |
CA |
$729,750 |
$934,200 |
$1,129,250 |
$1,403,400 |
NAPA , CA |
NAPA |
CA |
$729,750 |
$934,200 |
$1,129,250 |
$1,403,400 |
RED BLUFF, CA |
TEHAMA |
CA |
$312,500 |
$400,050 |
$483,550 |
$600,950 |
VALLEJO-FAIRFIELD , CA |
SOLANO |
CA |
$557,500 |
$713,700 |
$862,700 |
$1,072,150 |
SANTA CRUZ-WATSONVILLE, CA |
SANTA CRUZ |
CA |
$729,750 |
$934,200 |
$1,129,250 |
$1,403,400 |
CHICO , CA |
BUTTE |
CA |
$400,000 |
$512,050 |
$618,950 |
$769,250 |
FRESNO , CA |
FRESNO |
CA |
$381,250 |
$488,050 |
$589,950 |
$733,150 |
LOS ANGELES-LONG BEACH-GLENDALE, CA |
LOS ANGELES |
CA |
$729,750 |
$934,200 |
$1,129,250 |
$1,403,400 |
SANTA ANA-ANAHEIM-IRVINE, CA |
ORANGE |
CA |
$729,750 |
$934,200 |
$1,129,250 |
$1,403,400 |
MERCED , CA (MSA) |
MERCED |
CA |
$472,500 |
$604,900 |
$731,150 |
$908,650 |
PHOENIX LAKE-CEDAR RIDGE , CA |
TUOLUMNE |
CA |
$437,500 |
$560,050 |
$677,000 |
$841,350 |
OAKLAND-FREMONT-HAYWARD , CA |
ALAMEDA |
CA |
$729,750 |
$934,200 |
$1,129,250 |
$1,403,400 |
OAKLAND-FREMONT-HAYWARD , CA |
CONTRA COSTA |
CA |
$729,750 |
$934,200 |
$1,129,250 |
$1,403,400 |
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, |
MARIN |
CA |
$729,750 |
$934,200 |
$1,129,250 |
$1,403,400 |
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLI |
SAN MATEO |
CA |
$729,750 |
$934,200 |
$1,129,250 |
$1,403,400 |
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, |
SAN FRANCISCO |
CA |
$729,750 |
$934,200 |
$1,129,250 |
$1,403,400 |
REDDING , CA |
SHASTA |
CA |
$423,750 |
$542,450 |
$655,700 |
$814,900 |
STOCKTON , CA |
SAN JOAQUIN |
CA |
$488,750 |
$625,700 |
$756,300 |
$939,900 |
NON-METRO |
MONO |
CA |
$462,500 |
$592,050 |
$715,700 |
$889,450 |
NON-METRO |
GLENN |
CA |
$287,500 |
$368,050 |
$444,900 |
$552,900 |
NON-METRO |
MODOC |
CA |
$271,050 |
$347,000 |
$419,400 |
$521,250 |
NON-METRO |
ALPINE |
CA |
$547,500 |
$700,900 |
$847,200 |
$1,052,900 |
NON-METRO |
AMADOR |
CA |
$443,750 |
$568,050 |
$686,650 |
$853,350 |
NON-METRO |
COLUSA |
CA |
$397,500 |
$508,850 |
$615,100 |
$764,400 |
NON-METRO |
PLUMAS |
CA |
$410,000 |
$524,850 |
$634,450 |
$788,450 |
NON-METRO |
SIERRA |
CA |
$285,000 |
$364,850 |
$441,000 |
$548,050 |
NON-METRO |
TRINITY |
CA |
$271,050 |
$347,000 |
$419,400 |
$521,250 |
NON-METRO |
MARIPOSA |
CA |
$412,500 |
$528,050 |
$638,300 |
$793,250 |
NON-METRO |
SISKIYOU |
CA |
$293,750 |
$376,050 |
$454,550 |
$564,900 |
NON-METRO |
CALAVERAS |
CA |
$462,500 |
$592,050 |
$715,700 |
$889,450 |
MODESTO , CA |
STANISLAUS |
CA |
$423,750 |
$542,450 |
$655,700 |
$814,900 |
CRESCENT CITY , CA |
DEL NORTE |
CA |
$311,250 |
$398,450 |
$481,650 |
$598,550 |
HANFORD-CORCORAN , CA |
KINGS |
CA |
$325,000 |
$416,050 |
$502,900 |
$625,000 |
CLEARLAKE , CA |
LAKE |
CA |
$401,250 |
$513,650 |
$620,900 |
$771,650 |
EUREKA-ARCATA-FORTUNA , CA |
HUMBOLDT |
CA |
$393,750 |
$504,050 |
$609,300 |
$757,200 |
SACRAMENTO --ARDEN-ARCADE-- ROSEVILLE , CA |
YOLO |
CA |
$580,000 |
$742,500 |
$897,500 |
$1,115,400 |
SACRAMENTO --ARDEN-ARCADE-- ROSEVILLE , CA |
PLACER |
CA |
$580,000 |
$742,500 |
$897,500 |
$1,115,400 |
SACRAMENTO --ARDEN-ARCADE-- ROSEVILLE , CA |
EL DORADO |
CA |
$580,000 |
$742,500 |
$897,500 |
$1,115,400 |
SACRAMENTO --ARDEN-ARCADE-- ROSEVILLE , CA |
SACRAMENTO |
CA |
$580,000 |
$742,500 |
$897,500 |
$1,115,400 |
TRUCKEE-GRASS VALLEY , CA |
NEVADA |
CA |
$562,500 |
$720,100 |
$870,450 |
$1,081,750 |
VISALIA-PORTERVILLE , CA |
TULARE |
CA |
$325,000 |
$416,050 |
$502,900 |
$625,000 |
SUSANVILLE , CA |
LASSEN |
CA |
$285,000 |
$364,850 |
$441,000 |
$548,050 |
EL CENTRO , CA |
IMPERIAL |
CA |
$325,000 |
$416,050 |
$502,900 |
$625,000 |
In high-cost living areas like San Diego, Orange County and Los Angeles, the loan amounts may seem unrealistic, since the median home sales prices is approximately $515,000. We are told that HUD and the federal government are working together on a FHA Modernization Act that will increase the mortgage loan limits to at least reflect the existing Fannie Mae and Freddie Mac limits of $417,000 and otherwise modernize outdated business practices and loan program requirements.
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Breaking Home Refinance News - California FHA Loan Limitations Surpass $417,000
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By a landslide, the Senate passed new mortgage lending legislation that approves expansion for the country's largest federal homeownership program. This long awaited mortgage reform vote will enable thousands of borrowers who were restricted previously because their mortgage loan amount exceeded the FHA loan limits. Many government officials believe that this could be the first step in aiding many of the struggling subprime homeowners who are trying to prevent a foreclosure.
The bill would loosen underwriting standards at the Federal Housing Administration so that the program can help 200,000 troubled borrowers save their homes, according to the overseers of the program. The U.S. House of Representatives recently passed FHA reform, and now lawmakers will implement two versions of the bill to a conference where loan guideline details are ironed out.
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Bad Credit is Allowed with FHA Credit Guidelines
FHA does not have specific fico score requirements. It is possible to qualify for a FHA refinance even if your credit score is below 500, as long as you do not have any late payments recorded on your first mortgage in the last 12 months. FHA only requires that a bankruptcy was discharges at least two years ago, with good reestablished credit since the BK discharge date.
 FHA Mortgage Refinance
- Home Equity Refinancing
- Jumbo Home Mortgage to 100%
- Fixed Rate Debt Consolidation
- Tax Deductible Credit Lines
- Option ARM Home Refinance
California residents can take advantage of monthly loan specials that are offered exclusively to homeowners residing in the South. Ask your mortgage broker about state specific guidelines and APR restrictions. Mortgages rates that can vary depending upon state, loan amount and credit score.
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