California has taken a stern blow from the U.S. housing crisis. Regions such as San Joaquin County, Sacramento County and Riverside County are at the center of the mortgage mess. As a result, many California homeowners are drowning in negative equity and cannot obtain traditional refinancing.

M3 Strategy has the solution. California short refinancing can provide relief to those with upside down loans and prevents homeowners from sinking in mortgage debt.

Short Refinance in California -- Overview and Process

California short refinancing is a permanent solution to mortgage problems, in which you qualify for a short payoff/settlement to refinance. M3 Strategy can negotiate a short refinance in California on your behalf and get your lender to adjust the principal amount on the existing loan.

The reduced principal corresponds with the current market value of your home, allowing you to create a stable mortgage situation under an FHA loan refinance. Upon obtaining a short payoff/settlement to refinance, you can qualify for a new loan through your current lender or an entirely new loan company.

California Short Refinancing -- Conditions and Qualifications

In order to obtain a short payoff/settlement to refinance in California, you must be in good standing with your mortgage payments for the past 12 months. Additional criteria for a short refinance short refinance in California includes a good credit profile and verifiable employment and income.

Contact M3 Strategy for a thorough assessment of your loan situation. Learn more about California short refinancing and break the chains of your upside down mortgage.

Short Refinance in California -- FHA Lending Limits

Below are FHA lending limits for well-known counties in California, including single family, duplex, triplex and four-plex properties. For a comprehensive record of lending limits throughout the state, visit the FHA website.

FRESNO

Single Family $381,250
Duplex $488,050
Triplex $589,950
Four-plex $733,150

LOS ANGELES

Single Family $729,750
Duplex $934,200
Triplex $1,129,250
Four-plex $1,403,400

RIVERSIDE

Single Family $500,000
Duplex $640,100
Triplex $773,700
Four-plex $961,550

SACRAMENTO

Single Family $580,000
Duplex $742,500
Triplex $897,500
Four-plex $1,115,400

SAN DIEGO

Single Family $697,500
Duplex $892,950
Triplex $1,079,350
Four-plex $1,341,350

SAN FRANCISCO

Single Family $729,750
Duplex $934,200
Triplex $1,129,250
Four-plex $1,403,400

SAN JOAQUIN

Single Family $488,750
Duplex $625,700
Triplex $756,300
Four-plex $939,900

 

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