Professional Mortgage Associates

Professional Mortgage Associates Making Dreams come true one loan at time. FHA, VA and Rehab loans for purchases or refinancing. Broker DRE number 01065518 NMLS 261928

02/09/2026

In case you haven’t heard FHA limits have increased
Here is some of the surrounding counties

Loan limit Making max price
San Joaquin 678,500.00 703,108.00
Stanislaus 545,100.00 564,870.00
Merced 541,287.00 564,870.00

01/27/2026

Reports saying that consumers are spending more and saving less are 100% correct. And it’s all going to high interest credit cards and crazy high car payments. All that open credit is driving down their fico scores, and many people are close to falling behind on their payments. We, as mortgage professionals, cannot let that happen…

• Our FHA cash-out product is a great way to help them get back to financial freedom. Plus, we go down to a 550 score on them, and they can get up to 80% LTV !!!

12/31/2025

Wishing everyone an amazing Newy Year

07/29/2025

One of the most common questions I hear is: “Should I buy a home now or wait for prices to drop?” My response is simple: Can you afford the monthly payment with your current income? Will you still have 3–6 months of savings after purchasing?
If the answer is yes, then buy. When you purchase a home, you’re committing to the property, not the interest rate. If rates drop in the future, you can always refinance.
While no one can predict whether rates will rise or fall over the next 12–24 months, one thing is clear—home prices are not declining. Inventory is simply too limited.

02/20/2025

Tax Season is Here! How Will You Use Your Refund?

Tax refunds can be a great opportunity to improve your financial future. Instead of letting those funds sit idle, consider these smart ways to put them to good use:

Eliminate Debt – Pay off high-interest credit card balances to free yourself from unnecessary financial strain.

Boost Your Savings – Add to your emergency fund, retirement account, or a high-yield savings account to build long-term security.

Invest in Yourself – Have you ever dreamed of starting a small business? Use your refund to turn that dream into reality!

Enhance Your Home – Your home is one of your biggest investments, so why not take steps to protect and improve it?

✅ Termite Inspection – If your home has been standing for a while, it's wise to check for any hidden damage.
✅ General Home Inspection – Ensure your home remains in top shape and address any necessary updates or repairs.
✅ Professional Assistance – Need help? We can connect you with trusted professionals to handle inspections and upgrades.
No matter how you choose to use your refund, make sure it benefits your future. Need guidance? Contact us today!

01/03/2025

To a prosperous NEW YEAR
Please note the updated loan limits for FHA

Loan limit Purchase price with down payment

Fresno 524225.00 543238.42
Mercede same as Fresno

Stanislaus 535900.00 555336.78
San Joaquin 678500.00 703108.80

Conforming loan limits 806500.00

Let me know if you have any questions

11/13/2024

I love the 203k streamlines. They have made it even more pleasing to utilize

FHA 203K "LIMITED" RENOVATION LOAN NOW GOES TO $75,000 !!!

It went form 35000 to 75000.

If it’s a property that is cash only, sometimes you can offer with a 203k no repairs needed prior to close.

Call me for details

07/05/2024

FHA GIFTS
HUD CHANGES
No more need for Donors Bank Statement!!!
Can use Donors canceled check and borrowers' receipt.
Lastly and best wire confirmation to title directly from donors' account

Large deposits are now defined at 50% of qualifying income instead of 1% of purchase price

Tracking gift funds has always been a chore. This is a great thing.
Call me if you have any questions

03/20/2024

California Dream for All
Program Highlights
Offers up to 20% for down payment or closing costs, not to exceed $150,000
Homebuyer must register for a voucher. A randomized drawing will select registrants who will receive the voucher. This will not be first come, first served.
Eligibility
One borrower must be a first-generation homebuyer.
All borrowers must be first-time homebuyers.
Income must meet CalHFA Income Limits for the county you are purchasing in.

12/25/2023

Wishing everyone a very Merry Christmas.

10/25/2023

As of last year, several homeowners Insurance companies stopped issuing policies or have limited how many consumers they will have on their books in California. Companies leaving California, just to name a few, Allstate, State Farm, Farmers, and AIG, AmGUARD Insurance, Falls Lake Insurance and Chubb Ltd.
They are stating the exit is due to becoming too expensive to operate in California. They also state catastrophic wildfires are the main reason many insurance companies say they can’t afford to stay.
If you currently have policies with these companies, you may want to call them and ask.
1. How long will you continue current coverage in California?
2. If I have a claim will my policy be in jeopardy of being dropped?
3. Will my insurance premiums go up and how much?
I would definitely if anything have a conversation so you are educated on what may happen in the future.

10/17/2023

Check this out. NOT CALHFA so the lower DTI cap does not apply. You can also have a non-occupant co-borrower.

Combine a FHA 1st mortgage with a 3.50% closed-end 2nd mortgage for Zero Down Payment !!!


Requirements -

• Must have AUS Approve/Eligible Only. No manual underwrites allowed.
• No DTI cap as long as you have a DU approval. (Most DPA’s have a DTI cap)
• Conforming loan amounts only
• 600 Minimum FICO score (Most DPA’s require at least a 640 score)
• 1-2 Units okay. Owner must occupy one of the units.
• Manufactured Homes okay (No single wide’s)
• No Income Limits (Most DPA’s have income limits)
• No 1st time buyer requirement
• Non-Occupying Co-Borrowers allowed. (Most DPA’s don’t allow this)

For the 3.50% closed end 2nd -

• Can be used for either down payment or closing costs.
• Closed end 2nd mortgage. Term is for 10 years, repayable and not forgiven.
• Rate is 2% above selected FHA rate for the 1st mortgage.
• 2nd will not subordinate, so no FHA streamline is available, The 2nd would have to be paid off in full when borrower decides to refinance.

Address

2228 Patterson Road #217
Riverbank, CA
95367

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Website

Alerts

Be the first to know and let us send you an email when Professional Mortgage Associates posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Professional Mortgage Associates:

Shortcuts

Share

Category