Learn more about FHA Loan Limits and what they mean when buying or refinancing a home by calling (858) 999-3737
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(PRWEB) February 11, 2015
The mortgage experts working with Kevin Leonard produce new video slides displaying information about the 2015 loan limits for areas in California. The Federal Housing Administration calculates each year what the loan limits will be for different counties across the US. The FHA calculation for max home loan limits in high cost areas of the places like Los Angeles will remain the same as the 2014 level of $625,500. The current standard loan limit for areas where housing costs are relatively low will also remain same as the previous year. Areas for Riverside and San Bernardino are maxed out at $355,350 for a single unit, while San Diego limit rose to 562,350. To view one of the new uploads click the link seen here, http://www.slideshare.net/seobizwiz/riverside-fha-loan-limits-2015
The mortgage home loan limits for FHA insured reverse mortgages the (HECM) is the same as the year 2014. The FHA HECM reverse mortgage also known as the Home Equity Conversion Mortgage, will continue to have a maximum loan amount of $625,500, with home loan limits based on house value, borrower’s age, and the current mortgage interest rates. The FHA Reverse mortgages allows seniors at the age sixty two and older to borrower against the equity of their property without having to make monthly payments. There are no mortgage payments as long as a senior resides in the home. The reverse mortgage is repaid, with interest, when the homeowner sells or leaves the property. To view the slideshow build for Los Angeles click here, http://www.slideshare.net/seobizwiz/los-angeles-fha-loan-limits-2015-877-8897474-fha-home-loan-expert-ca
Kevin Leonard began in the mortgage business in 1997 and since then he has become one of the leading mortgage experts in the country, and has earned national acclaim for his efforts. Mr. Leonard prides himself in offering constant communication with his clients so that they have a full understanding of the loan process from start to finish. He is personally responsible for thousands of funded home loans, and along with his team, he has over 5 billion in residential loans funded to his credit. Mr. Leonard has a full understating of the loan process from start to finish, and also consults with a long list of mortgage bankers in the secondary market. There are few, if any, that have the experience that Kevin Leonard has in the mortgage profession. He was one of the first to register with NMLS in 2008 when it was first instituted, and currently is licensed in the state of California as a loan originator. He is partnered with the best San Diego real estate agents for a good reason—he offers fast pre-approvals with the ability to fund purchase loans quickly. To discover more about the 2015 FHA loan limits in San Diego click on the highlighted links provided.
Phone: (858) 999-3737