Conventional Conventional or FHA The CA Conventional loan programs have more strict credit and underwriting guidelines.You may consider 3% down from a minimum 620 fico score. The CA conventional financing conforming loan limit is $453,100 and the high balance loan limit is up to $679,650 we also have Jumbo options up to 3 million. CA Conventional loans also have a longer seasoning time frame for BK and foreclosure/short sales as well. You will have to wait 4 years after a BK to qualify for a CA conventional loan. You will have to wait 7 years after a foreclosure/short sale. However, there are special circumstances to shorten those time frames. *Portfolio* You may now qualify ONE DAY after a short sale, foreclosure or deed in lieu. You will need from 20% down payment and minimum 660 fico score. Sheryl Arndt client reviews FHA loans FHA on the other hand only has a 2 year seasoning requirement after a BK and 3 years after a foreclosure/short sale to qualify. Also with shorter time frames with special circumstance. *Standard FHA is 3.5% down, both have less-stringent credit qualifications and currently allows seller concessions of 6% of the purchase price as opposed to conventional loan financing which caps seller contributions for closing costs at 3% of the sales price with a 5% or less down payment. FHA 3.5% down is available with a minimum 580 fico score up to $453,100 as well as a minimum 580 fico score for High Balance FHA loan limits (per county). Note we are only licensed in CA. *We now lend in 30 states noted below. We will go over your documentation, loan program choices and let you know what options you have available to make an informed decision. You may qualify to buy and pay less than rent with down payment and closing cost assistance programs. Once you know what your loan program choices are you can make an informed decision. Fannie Mae loan limits We now lend in 30 states, Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Kentucky, Louisiana, Maryland, Michigan, Nevada, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, South Carolina, Tennessee, Texas, Virginia, Washington and Wisconsin. OTHER LOAN PROGRAMS: FHA Jumbo USDA Rural VA CalVet Refinance DAP’s Sheryl Arndt client reviews Contact us hereName *First and lastPhone How can we help you? *Email *Buy, Sell, Refinance or Rentals BuySellRefinanceRentals VerificationPlease enter any two digits *Example: 12This box is for spam protection - <strong>please leave it blank</strong>: Pre-Approval loan application for loan processingBorrower full name *Email *Phone *How can we help you? *BuySellRefinanceOtherCo Borrower full name Date Address Street AddressApt, Suite, Bldg. 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What is the maximum payment you are looking to afford? Additional comments File Upload documents here, copies of paystubs, income documentation, W2's, 1099's, last two years tax returns, copies of drivers license/ID for each applicant, copies of Social security cards for each applicant. You can also email to [email protected] VerificationPlease enter any two digits *Example: 12This box is for spam protection - <strong>please leave it blank</strong>: