Blog

A look at the current median list prices below shows housing prices are at 9 year highs in both the Los Angeles market and the Santa Clarita home market. https://www.myrealestateplatform.com/admin/#admin/websites/4bf8c023-a5e0-4a29-bfa9-7d4762c1a5f1/pages/108 The Sectretary of HUD recently announced that buyers with student loan debt will be getting a little releif when it comes to qualifying for FHA loans. Usually they count 2% of the debt as needed to be paid each month, when calculating monthly expenses. Now they are reducing this to 1%... For example, someone with $30,000 currently has to list $600 per month as their minimum amount they pa for qualifying purposes. With this new rule, they would only have to count $300. This really helps with debt to income levels in qualifiying for a loan. You need a D to E ratio below 30%.