Finally some great news! FHA has just increased their loan limits. For Santa Barbara County the new FHA loan limit is $729,750. For San Luis Obispo County the new FHA loan limit is $687,500. FHA only requires 3% down and is not subject to the FannieMae/FreddieMac soft market policy. This should help borrowers qualify for more of a home with a lower down payment.
Veterans Day began as a result of World War I and enacted in Congress on June 4, 1926. Initially, this day was known as "Armistice Day" and on May 13, 1938, it became a legal holiday to be observed every November 11th. In 1954, many held that heroic struggle of the veterans of World War II and Korea needed to be acknowledged. Therefore, the term "armistice" was removed and replaced with veteran. We remember every veteran, from WWI, WWII, the Korean War, the Vietnam War, the Gulf War, and our current war on terror. And as General MacArthur once famously said:
It is the SOLDIER, not the reporter, who has given us freedom of the press.
It is the SOLDIER, not the poet, who has given us freedom of speech.
It is the SOLDIER, not the campus organizers, who has given us the freedom to demonstrate.
It is the SOLDIER, who salutes the flag, who serves the flag, and whose coffin is draped by the flag, Who allows the protester to burn the flag.
God Bless our Veterans, our Troops, and God Bless America!
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If you currently own property and are thinking of placing it on the real estate market, preparing your home for sale, selecting the right Realtor, pricing your home appropriately, marketing it effectively, going through the Home Inspection processes, and receiving a timely real estate market evaluation, be sure to contact Leona Doidge, Realtor.