There are many great San Gabriel Valley area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation
so you know what buyers will pay for your home in today's market. You
may also call me at (626) 643-7090 for a FREE home buying or selling
consultation to answer any of your real estate questions.
The first is that Fannie Mae and Freddie Mac have started new down payment programs, which will allow home buyers to purchase a home for only 3% down.
In addition to this, Fannie and Freddie have also reduced their mortgage insurance premiums to under 1%. Once your equity is built up more than 20%, you can cancel it at a 78% loan to value. FHA doesn't allow you to do this.
For buyers, the process of buying a home can be made easier when you include a renovation loan. This program is a private label, and incorporates 10% of the purchase price towards home upgrades, and it can close within 30 days. You can remodel the home how you want, and put all the TLC you want into it.
If you have any questions, I'm always here to help. Give me a call or send me an email to get in touch, and I look forward to hearing from you soon!
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