| The maximum loan limits for FHA Jumbo Loans for | | | | - Alameda County - FREMONT - $504,645 |
| 2010 is $729750. So if a borrower needs to buy or | | | | Existing Homeowners and prospective Buyers should |
| refinance their home they would need to have equity | | | | strongly consider the VA Mortgage to Purchase or |
| for the amount financed over the maximum loan limit | | | | Refinance. |
| allowed. | | | | VA Summary |
| However VA Mortgage offers a great possibility in | | | | Income Documentation |
| select counties of California. | | | | * Documented by Tax Returns of Borrower and |
| The counties with limits over $729750 are | | | | CoBorrower. |
| - Alameda $962500 | | | | * Co Signers ( Non Occupant Borrowers are permitted |
| - Contra Costa $962500 | | | | to help the Borrowers to qualify) |
| - Marin $962500 | | | | * Gaps in Employment are OK with satisfactory |
| - San Francisco $962500 | | | | explanation |
| - San Mateo $962500 | | | | Down Payment |
| So if a borrower needed amounts higher than the | | | | * Zero Down upto the amount per Certificate of |
| $729750 an option available is VA Mortgage.The | | | | Eligibility |
| Mortgages rates are as competitive as any program | | | | * We can help getting you the Certificate of |
| available. | | | | Eligibility.Complete the Contact Us Form and we will |
| Here are some of cities with the higher median prices | | | | walk you through the process. |
| falling in the above counties.The order of appearance | | | | Closing Costs |
| is County,City and median sales price in Dec 2009 | | | | * Up to 6% credit towards closing cost credits by the |
| - Contra Costa County -DANVILLE - $743,233 | | | | seller to the buyer is acceptable |
| - San Mateo County - San Mateo - $713,124 | | | | Credit |
| - Alameda County - PLEASANTON - $700,493 | | | | FICO above 620 |
| - Alameda County - BERKELEY - $689,505 | | | | * Just an automoted approval from the automated |
| - San Mateo County - Redwood City - $683,062 | | | | engine. |
| - Marin County - SAN RAFAEL - $677,104 | | | | * Lates /Back End ratios do not matter as long as the |
| - Alameda County - ALAMEDA - $593,918 | | | | automated engine provides an approval |
| - Contra Costa County - SAN RAMON - $567,497 | | | | FICOs 580-619 |
| - Marin County - NOVATO - $543,565 | | | | * Manual Underwriting. |
| - Contra Costa County - WALNUT CREEK - $535,135 | | | | |