California and Arizona Home loans will be up to 95% LTV Soon!


From Anthony Ebright, loan officer in Santa Rosa, California, comes this piece of good news for home buyers. It's oten tough in our high-cost area for buyers to have more than 5% down payment saved; now there's an option to restrictive FHA financing.


California and Arizona Home loans will be up to 95% LTV Soon!

Good news for California and Arizona home buyers! Starting February 22, 2010, mortgage insurance companies are easing up on their guidelines on conforming home loans! Homebuyers can put 5% down on conforming home loans again! It's about time! This is a good sign for the real estate market in California and Arizona. You can now buy a home without having the more restrictive FHA guidelines that usually scare home sellers from accepting an FHA loan offer.

There are a few restrictions to consider, here's the list:

  1. All buyers must have a 720 Fico score or higher
  2. Owner Occupied Only
  3. Single Family or Condos only
  4. Debt to Income ratios can not exceed 41% for all LTVs over 80%

This is a nice turn of events for both home buyers and home sellers in California and Arizona. It's good news for the rest of us in the business too! Now, if we can only get some more inventory in Sonoma County!



Anthony Ebright is a Sales Manager, Home Mortgage Consultant and a FHA and VA Home Loan Officer in Santa Rosa, California. You can reach Anthony Ebright at 707-548-0752 if you need help refinancing or purchasing your home in Sonoma County, Santa Rosa, Healdsburg, Petaluma, Rohnert Park, Sebastopol, Bodega Bay, Windsor, Cloverdale, Guerneville, Sonoma, or any of the neighboring metropolitan areas. Website:
Copyright 2009. © Anthony Ebright. All rights Reserved. View Larger Map


Anthony Ebright is a Sales Manager and Home Mortgage Consultant for Wells Fargo Home Mortgage in Santa Rosa, California. His opinions and statements are his own. Wells Fargo does not endorse any comments made by its employees on this blog. All statements and viewpoints expressed in the comments are strictly those of the commenter alone, and do not constitute an official position of Wells Fargo. Wells Fargo does not validate any assertions or forward-looking statements in the comments.

--- Come for a visit; Stay for a lifetime!

Lottie Kendall, Realtor®


CA DRE#10215160; 650-465-4547

Peninsula Living Business Page



Comment balloon 6 commentsLottie Kendall • February 20 2010 02:15PM



I have two escrows...both buyers have FHA loans. Both escrows are for the same floor plan in the same community. One buyer is represented by an independent broker. The other by a loan officer with Bank of America. BOTH loans are with Bank of America.

Funny thing is, the one represented by the independent broker is actually going to close sooner than the one with the BOA loan officer whose buyers went into contract two weeks earlier!

We have been challenged by so many conditions outlined by the underwriter, and the questions about the appraisal. The independent broker's appraiser did a much better job with his report. Whereas the BOA's selected appraiser was questioned by the underwriter. So we used the better appraisal as back-up information to support the other.

FHA relief? I'll believe it when I see it. It always boils down to who the underwriter is.


Posted by Pacita Dimacali, Alameda/Contra Costa Counties CA (Alain Pinel) over 10 years ago

Just in time for higher interest rates.   This is all a scam.

Posted by Dale Terry over 10 years ago

Pacita, if buyers can get away from FHA loans, it might be a good thing. Your experience outlined above is very interesting.

Posted by Lottie Kendall, Helping make your real estate dreams a reality (Compass) over 10 years ago

Sorry, Dale, what's a scam?

Posted by Lottie Kendall, Helping make your real estate dreams a reality (Compass) over 10 years ago

Hope this helps to keep things going once the $8000 rebate is over Lottie.  Good luck!

Posted by Al & Peggy Cunningham, Brokers, Our Family Wants To Help Your Family! (RE/MAX West Realty Inc., Brokerage) over 10 years ago


A wonderful choice for a reblog.  Those that can meet the requirements will be blessed with a lower downpayment.  Hope you have buyers that can make use of it and hope it helps them get the home they want.

Posted by 1~Judi Barrett, BS Ed, Integrity Real Estate Services -IDABEL OK (Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745) over 10 years ago