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Fannie Mae Loans in Southern California: How These Government Sponsored Entities Help Homebuyers

Fannie Mae Loans in Southern California: How These Government Sponsored Entities Help Homebuyers

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In the real estate business, there’s always a lot of industry talk regarding Fannie Mae, but what exactly does this government institution provide Southern California homeowners? For starters, Fannie Mae is actually called the Federal National Mortgage Association. It’s a government-owned business designed to boost the nation’s housing market by buying mortgages from retail banks,... 

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Government Loans Are Becoming Cheaper for Southern Californians

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A recent announcement made by the Department of Housing and Urban Development promises to reduce annual mortgage insurance premiums that homeowners in Southern Californian pay when seeking a government-insured loan. That translates to an estimated average of $500 that families making use of these loans can expect to save, according to the Federal Housing Administration. Here in Southern California,... 

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Government Loans Limit Increases for Mortgages Have Arrived in Southern California

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There’s good news for homebuyers in Southern California looking to secure a mortgage loan with a great interest rate for a home purchase in Orange County, Ventura County, San Bernardino County, Riverside County LA County, and San Diego County. For homebuyers looking to purchase a single-family home in Los Angeles County, the new FHA and conforming loan limits have increased to $636,150. Likewise,... 

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