New FHA Condo Rules

FHA Condo Rules Modified | More condos to be approved for FHA loans

Posted Leave a commentPosted in Buy A Home, In the News

Over the holidays FHA Condo rules were modified! Changes were made to condo policies making it easier for condos to be approved for FHA loans. The main FHA condo rules modified are: •Redefining “owner occupied,” streamlining the recertification process for Condo developments. Properties that aren’t strictly investor properties, such as second homes, will now be included in the percentage of units that are owner-occupied. FHA requires that 50 percent of the units in condo buildings be owner occupied in order to qualify for FHA certification. This means more complexes will qualify for FHA financing! •A streamlined recertification process internally for […]

NEW FHA GUIDELINES | See the major changes that can affect your purchase loan

Posted Leave a commentPosted in Buy A Home, Market Reports, Mortgages

New FHA Guidelines On September 14 FHA issued a new handbook for FHA mortgages. You can download the new guidelines here. Some of the major changes are listed here below: Tax Liens ( Improvement):  Tax liens may remain unpaid if the borrower has entered into a valid repayment agreement and has made at least 3 months of timely payments (formerly it was 6). Payments may not be “pre-paid” and the tax authority must agree to subordinate the lien to the 1st TD. Commissions Income ( Improvement): Commissions can be used to qualify with just a 1 year history (formerly 2 […]

Congratulations Ali on your new Laguna Hills Home!

Posted Leave a commentPosted in Buy A Home, Laguna Hills, Orange County

Thank you for your trust Ali! It was a pleasure assisting you with your purchase of your new Laguna Hills home! Another Successful Closing! Enjoy your new home! GORGEOUS ASPEN CREEK LAGUNA HILLS HOME FEATURES 3 BED 2 BATH 2 CAR GARAGE WITH GATED ENTRY AND COURT YARD OPEN FLOOR PLAN,VAULTED CEILING AND COZY FIRE PLACE, GRANITE COUNTER TOP, RECESSED LIGHTING, GARDEN KITCHEN WINDOW, PATIO WARPS AROUND CUSTOM WOOD DECK, WITH LOTS OF FRUIT TREES AND NICE VIEW.   Looking to buy or sell in Orange County? Call Jesse at 949-306-8416 Get Results!    

3% Down Mortgages from Freddie Mac Announced!

Posted Leave a commentPosted in Buy A Home, In the News

3% Down Mortgages from Freddie Mac have been announced! From Freddie Mac Blog December 8, 2014 Today Freddie Mac launched Home Possible AdvantageSM, a new affordable mortgage with a down payment option as low as 3%. Here are the answers to your top questions: Who is this mortgage for? The Home Possible Advantage mortgage is for low and moderate-income borrowers with limited savings, including first-time homebuyers. What do I need to qualify for it? Generally, you need to meet minimum credit requirements, earn no more than 100% of your area median income and have the funds to meet the down payment […]

10 Mistakes Buyers Make When Buying A Home

Posted Leave a commentPosted in Buy A Home, Market Reports

10 Mistakes Buyers Make When Buying A Home   Buying and selling real estate are major events.  When buying a home emotions can run high and it’s important to hire a professional to guide you and point out the pitfalls. These are 10 of the biggest mistakes people make when buying real estate. Mistakes buyers make when buying a home: Be  pre-qualified for your loan prior to viewing homes. Be sure to order the appraisal early. Be sure to read all disclosures thoroughly Make sure you read all of the terms of the contract. Look up the property taxes on […]

Video: How to Search HUD Homes |Tips & Tricks

Posted Leave a commentPosted in Buy A Home, In the News, Market Reports, Orange County

How to search HUD homes using www.HUDHomeStore.com. Watch our video to see  a step-by-step tutorial on how to search HUD homes while using www.HUDHomeStore.com. First, visit the website and go to the top right corner to register as a public user. This will allow you to save your favorite properties and return to continue your search. It’s like an MLS for HUD properties. Then, scroll down to the search bar labeled  search properties. Select your state, county, city and proper buyer type to search homes in your area. Once you have selected a property be sure to check which buyer types […]

Join Us March 10th at Pomona Home and Garden Show | HUD Homebuyer Education

Posted Leave a commentPosted in Buy A Home

  Join us! Our next HUD Homebuyer Education Event will be at: Pomona Home and Garden Show -Booth 282 1101 W McKinley Ave, Pomona, CA 91769 March 10, 3:30-6pm PLEASE VISIT US! We will be at the booth speaking to attendees about HUD Home-buying opportunities! We offer “HUD Homebuyer Education” for buyers interested on puchasing HUD Homes. Please attend one of our workshops to learn how to buy a HUD-owned property in California. HUD Homebuyer Education presents an amazing opportunity for those looking to  SAVE MONEY when buying a home in Southern California.  Below are just few of the benefits of buying a HUD home: Appraisals […]

Orange County Walkable Neighborhoods | Understanding Walkability Scores

Posted Leave a commentPosted in Buy A Home, Market Reports, OC Info, Orange County, Sell Your Home

Orange County walkable neighborhoods have walkability scores. Here are some keys to understanding walkability scores. What is a walkability score? All Orange County walkable neighborhoods will have what is called a walkability score. These scores can range from 0-100 and they indicate how accessible local amenities are for residents who want to accomplish most errands on foot. In Orange County Real Estate For example, The city of Rancho Santa Margarita, CA currently has a walk score of 46 due to the fact that the city is spread out. Some neighborhoods are in close proximity of Art and Community facilities, Shopping, entertainment, health […]

Cash home sales in California set record | A reason to buy CA HUD Homes in Orange County

Posted Leave a commentPosted in Buy A Home, In the News

Cash home sales in California set a record high! Another great reason to buy HUD Homes for Sale in Orange County. In the article below Housingwire explains that cash home sales in California hit a record high due to investor activity. HUD Homes are marketed to owner occupied buyers. All insurable ( qualify for FHA financing) HUD homes are sold only to Owner Occupant buyers for the first 30 days they are listed. This gives owner occupant buyers a great chance to buy HUD home without investor competition. This will ultimately lead to more favorable pricing on HUD home purchases rather than […]

Reduced! $649,900 Capo Beach over 3,000 Sq Ft Home 3 bed +Den!

Posted Leave a commentPosted in Buy A Home, Featured Homes/ Listings, OC Info, Orange County

34462 Calle Portola DANA POINT, CA Huge Bedrooms and Spacious floorplan! Enjoy this terrific spacious home in highly desirable Capo Beach. Located steps from the park and very short distance to the beach, this home boasts 3 huge bedrooms upstairs with a large den downstairs complete with fireplace and built ins. New carpet and new paint throughout the home. Large Spacious bathrooms as well. Enjoy a spacious master suite with Jacuzzi tub and Steam Shower. His and Hers sinks with tons of counter space and high ceilings. The master bedroom also has a Fireplace and an abundance of space tou […]