95% financing is BACK! Really back!!!!! We re-introduced it a while ago however the qualifying guidelines were very strict. As of TODAY, our MI company has released Contra Costa County as a “non-distressed” market…and with that comes very reasonable qualifying guidelines. Hooray! This is a highly viable alternative to FHA.

As a result of our continued monitoring of conditions in the mortgage and housing markets, we have updated the PMI Distressed Markets List.

Effective September 17, 2010, the following 25 MSA/MSADs (nearly 1,300 zip codes) have been removed:

25260 Hanford-Corcoran, CA
34900 Napa, CA
36084 Oakland-Fremont-Hayward, CA (MSAD)
40900 Sacramento-Arden-Arcade-Roseville, CA
44700 Stockton, CA
46700 Vallejo-Fairfield, CA
24300 Grand Junction, CO
35300 New Haven-Milford, CT
38940 Port St. Lucie, FL*
39460 Punta Gorda, FL*
15260 Brunswick, GA
14260 Boise City-Nampa, ID
19180 Danville, IL
37900 Peoria, IL
19060 Cumberland, MD-WV
41540 Salisbury, MD
30340 Lewiston-Auburn, ME
25860 Hickory-Lenoir-Morganton, NC
13780 Binghamton, NY
24020 Glens Falls, NY
35004 Nassau-Suffolk, NY (MSAD)
49620 York-Hanover, PA
34100 Morristown, TN
49020 Winchester, VA-WV
31020 Longview, WA
*Attached housing is not eligible in the state of Florida.

Effective November 1, 2010, the following 9 MSA/MSADs will be added:

41940 San Jose-Sunnyvale-Santa Clara, CA
42100 Santa Cruz-Watsonville, CA
42220 Santa Rosa-Petaluma, CA
28100 Kankakee-Bradley, IL
43780 South Bend-Mishawka, IN-MI
25180 Hagerstown-Martinsburg, MD-WV
35644 New York-White Plains-Wayne, NY-NJ (MSAD)
39100 Poughkeepsie-Newburgh-Middletown, NY
39300 Providence-New Bedford-Fall River, RI-MA

The updated PMI Distressed Markets List is available for your review. Note that loans may be subject to additional underwriting guidelines or restrictions. For example, the lender or appraiser might determine that the property is in a distressed market that is not on the PMI Distressed Markets List. When this is the case, the loan would still be subject to PMI’s Distressed Markets Policy.

Please review our PMI Distressed Markets Policy for complete requirements or call me for more information.

We are committed to achieving affordable, responsible and sustainable homeownership in all the communities we serve, and we appreciate the opportunity to work with you to achieve this goal.


Have A Great Weekend~


The Meredith Mortgage Team, CMPS® 

Certified mortgage planning specialist

“We Will Always Have Your Best  

  Interest In Mind”   



Erin & Kathleen

The Bay Area’s Premier

Mortgage Banker and Broker


(925)983-3048 office

(925)226-3215 efax

(925)918-0585 mobile





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