mortgage loans Archives - De Young Mortgage

Lending Limit Increases Make Fresno County Mortgages More Accessible Than Ever!

Affordable financing is now more accessible than ever! As of December 2017, conforming loan limits have increased throughout California, making it easier for first-time homebuyers to obtain mortgages. In Fresno County, we have seen increases in lending limits for Conventional loans, Federal Housing Administration (FHA) loans and Veterans Affairs (VA) loans, all of which are mortgage options offered by De Young Mortgage!

An affiliate of legacy homebuilder De Young Properties, De Young Mortgage is a local home mortgage broker that serves as a one-stop financing resource for not only De Young Properties customers, but all homebuyers and homeowners across our Valley. De Young Mortgage takes pride in being a reliable and reputable mortgage company, offering a full-range of quality financing options including, but certainly not limited to, the three loan types for which lending limits have increased this year: Conventional, FHA and VA loans.

So, what are each of these loans and which one might be right for you?

Conventional Mortgage Loans

A Conventional mortgage loan is a home loan that conforms to the loan limits set by the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Federal National Mortgage Association (Fannie Mae), but is not guaranteed or insured by a federal government agency. If you have a strong credit score and intend to make a sizeable down payment on your home, this loan may offer a better rate, more flexibility and fewer provisions when compared to other loans!

The new Conventional mortgage lending limit for a single-family home in Fresno County is $453,100!

FHA Mortgage Loans

An FHA mortgage loan is a type of home loan backed and insured by the Federal Housing Administration. These loans have more lenient credit score and down payment requirements, designed to help low to moderate income homebuyers realize their dream of home ownership. The home of your dreams may not be far from reach with an FHA loan from De Young Mortgage!

The new FHA mortgage lending limit for a single-family home in Fresno County is $294,515!

VA Mortgage Loans

A VA mortgage loan is a type of guaranteed home loan made by private lenders to eligible veterans for the purchase of a personal home. These loans are guaranteed by the U.S. Department of Veterans Affairs. Most members of the military, veterans and National Guard members are eligible to apply for these loans, which offer competitive rates and benefits to eligible veterans! VA home loans start with $0 down programs.

The new VA mortgage loan lending limit for a single-family home in Fresno County is $453,100!

Learn More!

With increasing lending limits across Fresno County, financing your dream home is easier than ever. The professionals at De Young Mortgage are well acquainted with Conventional, FHA and VA loans, as well as other additional loan options, and are ready to use their expertise to help you choose the best program to suit your individual needs.

With years of lending industry knowledge in Fresno, your De Young Loan Officer will review your income, savings, liquid assets, FICO credit score and debt situation then evaluate the various mortgage rates and options available. In a timely manner, your Loan Officer will be able to assist you in finding the right one to suit your needs!

What are you waiting for? Take advantage of these increased lending limits while you can! To learn more, fill out the Mortgage Application Form and a De Young Mortgage Loan Officer will be in contact with you shortly to help you turn your dream of home ownership into a reality.

This is not an offer for extension of credit or the commitment to lend. All loans must satisfy company underwriting guidelines. Information is subject to change at any time and without notice.

Explore Your Financing Options On Saturday With De Young Mortgage at The De Young Armstrong Welcome Center!

De Young Properties realizes that finding the perfect home is only part of building the American Dream…. financing it is the other. With nearly 70 years of family experience, De Young Properties remains committed to providing affordable home ownership. Building upon that commitment, De Young Properties is pleased to recommend the competitive lending advantage of their affiliate, De Young Mortgage, Inc. De Young Mortgage has been servicing excited new homebuyers who are purchasing homes in the newest De Young communities.

A De Young Mortgage professional will be available to meet one-on-one with potential homebuyers on Saturday, May 20 from 9:30 a.m. to 4:30 p.m. at the De Young Armstrong Welcome Center located on Armstrong, south of Gettysburg in Clovis to discuss what is needed for resale of an existing home, financing of new home construction or investment property or refinancing an existing loan.

In addition, De Young Mortgage offers programs for down payment assistance and special financing. Learn more about pre-qualifying and receiving a free credit score, how to purchase a home after a foreclosure or short sale, your purchasing power and more! With years of lending industry knowledge, these experts will use their expertise to help homebuyers choose the best program to suit their individual needs.

Finance your new De Young Properties home through De Young Mortgage and take advantage of financing incentives toward your new home purchase. De Young Mortgage offers a variety of home loans including Conventional, FHA, USDA, VA and Jumbo Loans. Owning a De Young home has never been easier with low mortgage rates and a down payment assistance program, the team is sure to find an option suitable for almost anyone.

Can’t make it to the Clovis Welcome Center on Saturday? You can also call to arrange an appointment with a De Young Mortgage Loan Officer at (559) 420-7868 or visit a De Young Properties Welcome Center.

Author: Brandon De Young