Notices of defaults jumped up in Carmel Valley.
Do your own search see the current inventory of Bank Owned homes, Homes up for Auction and Pre-Foreclosures
Zip Code 92130
Zip Code 92128
Zip Code 92129
Zip Code 92127
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This is a guest post by Glenda Meyer, AmeriFirst Financial 619-246-5525
FHA is the best way to buy a home in San Diego County with a low down payment up to $697,500; however, most homebuyers don’t realize why. Here are some top reasons home buyers with a low down payment should consider FHA.
IT’S NOT ONLY FOR FIRST TIME BUYERS – FHA loans are available for everyone. There is no income requirement and the home can be anywhere. The maximum FHA loan for San Diego county is $697,500. FHA will only finance owner occupied homes and you must prove your income, but you can own another home or been a previous homeowner. In fact, you are again a first time home buyer if you have not owned a home in the last 3 years. This includes foreclosures and short sales!
CAN ONLY BE USED MORE THAN ONCE – You can use FHA to purchase a home multiple times. You can only have one loan at a time unless you have extenuating circumstances like a job transfer or major life event. Similar to VA Loans you can use your VA benefits as many times as you like.
YOU DON’T NEED THE 3.5% DOWN PAYMENT – FHA is the only loan program allowing the minimum down payment to be a gift from a relative of close friend. The “donor” does not need to be on title or on the loan, they can simply gift you the down payment and closing costs. This allows you to purchase a home with no money down.
COSIGNERS ARE ALLOWED – You can add numerous cosigners to your file allowing you to purchase a bigger home. This is perfect for parents who want to purchase a home for their college student or family members pitching in to help a first time home buyer.
YOU CAN BUY AFTER A BK, SHORT SALE OR FORECLOSURE – FHA has the most lenient guidelines available. You can get an FHA loan approval in as little as 2 years for a bankruptcy and 3 years or less for a short sale or foreclosure. Call to discuss your specific situation.
YOU CAN BUY A CONDO – Condos are very easy to purchase using FHA financing, as long as they are approved. Here is the link to see what condos are available in your area FHA CONDOS SAN DIEGO COUNTY. There are no additional fees or expenses and the rate is exactly the same as for a single family home.
If you want to buy a home in San Diego County with a low down payment, FHA is for you! Please call the San Diego FHA Expert, Glenda Meyer, AmeriFirst Financial at 619.246.5525 to see how much you qualify for. Ask about the 30 day guaranteed closing on all purchases in San Diego.
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Homes are selling in Rancho Bernardo. I was surprise to see pending sales were up in Rancho Bernardo when I checked the numbers on the first of the month. I was so surprised I thought I better wait a week and recheck . No pending sales are really up. On the first of the month I showed 67 pending homes that was up from 40 the month before. And when I doubled checked today the number of pending sales has jumped to 75. At the broker’s tour meeting last week agents were talking about the increased traffic at open houses.
Here are the numbers for Single Family homes in Rancho Bernardo 92128 as of the first of February
- 119 Active Listings
- 24 Contingent Listings (Short Sales waiting for lender approval)
- 67 Pending Sale
- 179 Sold in the last six months.
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Today there were 7 homes on MLS tour today in Rancho Bernardo zip codes 92127 and 92128. There was something for everyone today. Prices ranged from $475,000 for a fixer in Gatewood to $895,000 in The Greens. Plus there were 2 homes in 4S Ranch a short sale and one very nice traditional sale in the Chanteclair subdivision.
One of the homes on tour was a post foreclosure Fannie Mae owned home an REO. Fannie Mae offers excellent financing on their REO homes. The program is called Home Path. The highlights of Home Path are Low down payment, flexible mortgage terms, no appraisal required, no mortgage insurance and you may qualify even if your credit is less than perfect. The home is a town home in Bernardo Heights. It is listed for $518,950 its a 4 bedroom 3 bath home with 1,993 square feet and a attached 2 car garage. Plus it has a great golf course view. The home is located on Royal Birkdale Row.
Showing properties
1 - 3 of 3.
See more RB Tour 2/2/12.
(all data current as of
2/23/2012)
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$499,500 : 12165 Sand Trap Row, San Diego3 beds, 2 full, 1 part baths
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$655,000 : 17337 Albert Ave, San Diego3 beds, 2 full, 1 part baths
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$475,000 : 12550 Pacato Cir N, San Diego4 beds, 2 full baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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