VA Home Loans

Guaranteed by the U.S. Department of Veterans Affairs.

Reverse Mortgages

For homeowners to leverage the equity in their home.

Refinancing

Replace your current home loan with a new one.

Prime Jumbo and Super Jumbo Mortgages

For high-income earners who make $250,000+ a year.

Fixed-Rate Mortgages

Offers predictability for your budget.

FHA Home Loans

Popular for first-time homebuyers.

Conventional Mortgages/Conventional High Balance

A loan not guaranteed or insured by the federal government.

Self Employed Loan Programs

For 1099 recipients, P&L users or qualify using assets.

Bank Statement Programs

See how you can qualify without having to show tax returns.

Investor DSCR or Rental Income Loans

Perfect for investors who want tenant rent to cover mortgage.

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HOA Pros & Cons

California real estate

Across the U.S., homeowners’ associations are on the ascent. So, what’s the draw of homeowners’ associations? By the same token, what are the drawbacks? A well-run and managed HOA can be a blessing, and a poorly managed HOA can be a curse. Here are some of the blessings, and the curses, of homeowners’ associations (HOAs).

Pros

1. Neighborhood maintenance

Generally, an HOA establishes rules to ensure the neighborhood looks sharp. These include strict guidelines about keeping lawns manicured, restrictions on parking boats and other large vehicles on the street, and limitations on exterior paint colors. This type of oversight eliminates issues with one or two properties weighing down all property values due to an unpleasant exterior.

2. Access to amenities

An HOA can offer community amenities such as a pool, a fitness center, parks or common areas, children’s play areas, and even neighborhood security gates.

3. Shared costs

HOA dues are earmarked for maintenance of shared spaces. This includes community lawn care (but not for your own yard), community snow removal (but not for your own property) and upkeep of common areas like the pool or the fitness center.

Cons

1. Dues

When buying a home in a community with an HOA, you’ve got to add HOA dues to your budget. These dues will vary depending on the shared costs required to maintain the neighborhood elements the HOA is responsible for.

2. Rules

When you live in a community governed by a HOA, you’ll have to follow its rules, even if you think they’re ridiculous. If someone buys a home in an HOA community and wants to make changes to the property, such as the addition of an enclosed patio, it normally must be approved by the HOA’s board. It’s possible that an HOA could prevent certain updates on a home. You do, however, have the option of petitioning the homeowners’ association to change any rule you don’t agree with. But if you lose, you may have to live with it.

3. Poor Management

If an HOA is facing financial problems, is being mis-managed, or is ensnared in a lawsuit, it could harm your ability to obtain a loan for a home and could hurt resale prices of homes in the community.

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VA Home Loans
Reverse Mortgages
Refinancing
Prime Jumbo and Super Jumbo Mortgages
Fixed-Rate Mortgages
FHA Home Loans
Conventional Mortgages/Conventional High Balance
Self Employed Loan Programs
Bank Statement Programs
Investor DSCR or Rental Income Loans

Loan Options

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