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RiverGold Financial Services, Inc.

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United States
Fullerton, CA
RiverGold Financial Services, Inc.

Residential Mortgage Loans and much more.

We have a variety of loan programs for the different borrower's needs.
100% Loans FHA/Conventionals
Fixed and ARM Loans,
FHA Loans,
VA Loans,
Conventional Loans,
Homepath Loans,
FHA Streamlines and Cash-Out Loans (Refinancing Loans),
Home Ready Loans
Home Possible Loans
HARP Loans,
Investment Loans. Call us at (714) 277-3586 to get more information to your specific needs or apply directly in our secured website www.RiverGoldFinancial.com

08/21/2026

US Buyer’s Market Hits its Strongest Point in Years, Redfin Data Shows
Source: Mortgage Professional Magazine

There are nearly half a million more home sellers than buyers in the US housing market — nearly 47 percent more — giving buyers significant negotiating power heading into mid-2026. This is according to Redfin’s May 2026 buyers-versus-sellers report published June 9.

Sellers entering the market hit a six-year high in May, while homebuying demand remained flat. The gap widened slightly from 46.4 percent in April, though it remains below the December 2025 peak of 49.5 percent.

08/18/2026

Why Hazard Insurance is Becoming a Housing Market Constraint
Source: Housingwire

Across wide swaths of the United States, homeowners and renters are finding that hazard insurance – the often-overlooked prerequisite for every mortgage, lease and property transaction – is harder to obtain, harder to afford or simply unavailable at any price.

What once seemed a regional issue confined to coastal hurricanes or Western wildfires has become a national stress fracture, affecting housing markets, household and insurance organization balance sheets and state budgets.
If this trajectory continues unchecked, hazard insurance will not only strain household finances. It will increasingly act as a hard constraint on housing supply, homeownership, and economic mobility—especially in regions already grappling with affordability pressures.

08/15/2026

Home Listing Prices Post Another Record Decline, Boosting Affordability for Buyers
Source: Realtor.com

June saw the national median asking price fall 2.5% from a year ago to $430,000, according to the latest Realtor.com® monthly housing market trends report released Wednesday. This marks the eighth consecutive month of decreases and the steepest annual decline in the platform's data history, which dates back to 2017.

For a buyer who purchased a $430,000 home in June with a 20% down payment and an average mortgage rate of 6.49%, the typical monthly payment was $2,172. That is roughly $132 less per month—and more than $1,500 less per year—than what the typical buyer owed in June 2025, when the median price was $440,950 and rates averaged 6.82%.

08/13/2026

First-time Buyers Account for Half of Home Purchases in 2025
Source: Mortgage Professional Magazine

First-time homebuyers accounted for nearly half of all new purchase loans originated by Newrez in 2025, according the lender. The 49% share represents a decline from 56% in 2022, per Newrez data, but the median age of first-time buyers held steady at 33. That's consistent with Federal Housing Finance Agency (FHFA) definitions and at odds with widely circulated National Association of Realtors figures that placed the median age of first-time buyers at 40.

Down payment data show buyers continuing to stretch. The median down payment for first-timers was 4.85% of the purchase price, with a median purchase price of $345,741, up 10% from 2022. Median borrower income for this group rose from $61,728 to $77,208 over the same period, according to Newrez.

08/05/2026

Kelley Blue Book Enters Home Valuation Market
Source: Mortgage Professional Magazine

Kelley Blue Book (KBB) has launched Kelley Blue Book Homes, a residential valuation and seller lead platform built in partnership with appraisal technology firm TrueFootage. The platform is live in 10 states: Arizona, California, Colorado, Florida, North Carolina, Nevada, Oregon, Texas, Utah, and Washington. It will begin distributing leads to agents on August 1. A national rollout is planned for early 2027.

Homeowners submit property details and condition photos through the KBB Homes platform. Within 24 hours, they receive a report with a low-to-high estimated value range, with the company targeting accuracy within 3% of a final sale price.

In early test markets, 17% of homeowners who received a report listed their property on the MLS within 90 days. Verified Agent applications open July 8, with placement tied to performance metrics including sales volume, days on market, and sale-to-list ratio.

07/31/2026

Purchase Demand Rises as Mortgage Rates Hit 11-Month High
Source: Mortgage Professional

Total mortgage application volume climbed 1.9% in the week ending July 17, according to the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey, as a rebound in purchase activity more than offset a retreat in refinancing.

The result reflects a buyer pool that has not fully stood down, even as borrowing costs hit their highest level since last summer.

06/06/2026

Two major CA insurers plot massive rate hikes
Source: New York Post

Two major insurers in California plan on raising rates by double digits for single-family homes, which could cause premiums to skyrocket. The AAA-affiliated Interinsurance Exchange of the Automobile Club applied to raise rates for homeowners by 11.2 percent, while rates for condos and people renting a home would drop by 20.5 percent and 27 percent, respectively, according to new filings with the California Department of Insurance. If approved, the impact would vary, with some seeing a decrease by as much as 80 percent, while others could go from paying around $1,650 a year to $13,100.

Travelers Insurance is looking to increase its rates by 6.9 percent for homeowners, and decrease rates by 17 percent for renters, 22.8 percent for condo owners, and 19.6 percent for condo landlords. Only about a quarter of customers would see a rate decrease under Travelers’ proposal, while roughly 60 percent of homeowners would get hit with a bigger bill. Together, the two insurance companies combined cover about 760,000 homes in the state. Both insurers said they would expand the number of new policies it writes if their proposals are approved.

06/04/2026

California: State Farm violated law in handling of L.A. fire claims
Source: Cal Matters

State Farm could face millions of dollars in penalties and a possible temporary suspension of its license in California as a result of hundreds of alleged law violations related to its handling of claims from the Los Angeles County fires last year. The state’s Insurance Department said that California’s largest individual property insurance provider “showed a troubling pattern of claims handling practices” after the fires.

State Insurance Commissioner Ricardo Lara said that “our investigation found that State Farm delayed, underpaid, and buried policyholders in red tape at the worst moment of their lives. State Farm countered that the insurance department has “distorted” the picture of the company’s response to the fires. The state is seeking a hearing following its investigation. If an administrative law judge finds the state’s 430 claims have merit, each violation is subject to up to a $5,000 penalty. Willful violations of the law are subject to penalties of up to $10,000 each. That means the company could owe between $2 million and $4.3 million.

06/01/2026

HUD rolls back energy rules, opening up lending options
Source: National Mortgage Professional

The U.S. Department of Housing and Urban Development (HUD) and U.S. Department of Agriculture (USDA) have rescinded a 2024 rule that tied eligibility for FHA- and USDA-backed mortgages on new construction to stricter energy efficient standards, marking a significant shift with direct implications for mortgage originators and housing supply.

For lenders, the change means deals that may have been ineligible under the 2024 rule can now move forward without additional construction or certification hurdles. FHA and USDA programs will revert to the energy standards in place before the 2024 rule, broadening the pool of eligible new-construction properties and allowing more deals to move forward. Lower construction costs may also translate to more attainable price points for entry-level buyers, while buyers previously sidelined by compliance costs may reenter FHA/USDA loan channels, potentially increasing the availability of loans.

05/29/2026

Homebuyers stressed amid stretched budgets, fraud concerns
Source: HousingWire

A new report finds that 77 percent of recent homebuyers exceeded their budget, with 10 percent or those buyers going over by $80,000 or more. Millennials and Gen X led that category, the report said. High home prices and high interest rates ranked as the top two challenges survey respondents faced.

Younger homeowners are feeling the squeeze most acutely. Half of Gen Z respondents and 44 percent of millennials said they have been at risk of missing at least one mortgage payment over the past two years. The top three financial compromises buyers made included putting down more than they wanted (29 percent did this), taking on a higher interest rate than they wanted (29 percent) and taking on a larger mortgage than they wanted (28 percent). The report also revealed that one in four consumers are targeted by fraud during a real estate transaction and one in 20 might become victims.

Address

1501 N. Harbor Boulevard , Suite 205
Fullerton, CA
92835

Opening Hours

Monday	10am - 5:30pm
Tuesday	10am - 5:30pm
Wednesday	10am - 5:30pm
Thursday	10am - 5:30pm
Friday	10am - 5:30pm

Telephone

+17142773586

Website

https://www.rivergoldfinancial.com/

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