Did you know that buying a home after bankruptcy in California requires a waiting period before qualifying for an FHA, VA, USDA, or Conventional mortgage program? And, how soon you can purchase after the bankruptcy (the length of the waiting period) depends on what type of home mortgage loan you plan to use. Why? Because [...]
Tag Archives | Home Purchase
Inland Empire July 2010 Home Sales Report
Inland Empire home sales for July 2010 saw it’s biggest year over year drop in home sales in more than two years. This is a sign that the tax credit rush to purchase homes is slowing and will become stabilized….or normalized. I anticipate sellers will no longer be receiving 20-30 offers per home. It should [...]
Inland Empire Mortgage Rates Make New Lows
Inland Empire mortgage rates are (again) at their lowest levels in history.
Important Changes to FHA’s Insurance Premiums & Why California Homebuyers Should Care
HUD recently announced that starting October 4th (recently delayed), FHA is reducing the amount to be collected for their Up Front Mortgage Insurance Premium (UFMIP). However, FHA will also increase how much they collect on their Annual Mortgage Insurance Premium (MIP – collected monthly) for California’s Inland Empire (Riverside & San Bernardino County) home buyers. Confused? [...]
Inland Empire June 2010 Home Sales Drop but Prices Rise
June 2010 home sales over all of Southern California are up compared to 2009 except for the Inland Empire region where homes sales dropped. However, Inland Empire home prices actually increased by almost 14%! In Riverside County, 4,645 homes sold in June 2010, down 1% from 2009. In San Bernardino, 3,179 homes sold in June 2010, donw 8% from [...]
What is the Biggest Benefit or Reason for Buying a Home?
The biggest benefits to owning a home in the Inland Empire may not be the tax deduction, Home Appreciation, Payment Stability, or even Feedom of Ownership. I think it could be the memories that are made. What do you think?
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