Oroville Real Estate
Paradise, Chico, Oroville Home Bargains, Zero Downpayment Homes OAC
October 23, 2009 by Steven Chain · Leave a Comment
PARADISE, CHICO, OROVILLE HOME BARGAINS, ZERO DOWNPAYMENT HOMES OAC
Existing Homes and property for the construction of your BRAND NEW HOME are available. NOT Manufactured Homes here, NO, NO. These are Site Built Homes.
United State Department Of Agriculture USDA home loans guarantees up to 102% Paradise,Chico Oroville Homes For Sale.
Buyer’s in the market for a new home, with limited funds available for down payment, would do well to consider the USDA Rural Home Loan program. Zero down payment is possible with this loan program. These loans are designed for low to moderate income families. For example in the California North State the income range for a family of 4 is $46,650 to $73,600. FICO scores of 620 are generally required. USDA Rural Home Loan guaranteed loans have fixed interest rates with a 30 year term. The loans are designed for new construction, rehabilitation or existing homes.
The loans are provided based on eligibility areas. These areas generally have populations between 10,000-25,000 or open country. Therefore those areas surrounding Paradise,Chico and Oroville in Butte County provide numerous areas of eligibility. Paradise,Chico, Oroville Homes For Sale.
This is not a commitment lend. This information is provided as a service by your Realtor. A commitment to lend would be determined by completed application, OAC,buyer/ property eligibility and program status. Paradise,Chico, Oroville Homes For Sale
Paradise, Chico, Oroville REO Bargains, Purchase/ Rehabilitation Loans
October 23, 2009 by Steven Chain · Leave a Comment
PARADISE, CHICO, OROVILLE REO BARGAINS, PURCHASE REHABILITATION LOANS
The Bargains: Are you a Buyer, in the market for a home and seeking some real bargains. We would like to draw you attention to some often overlooked bargains in the real estate market in Paradise, Chico, Oroville. There are really two categories of REO homes for sale. Those that are ready to move in and fixer- uppers. These fixer-uppers are additionally undervalued due to the inventory of ready to move in homes for sale. We have developed a team to assist you in taking advantage of these real estate bargains. Many times fixer-upper properties are overlooked due to the challenges created in assessing the costs of the repairs as well as funding the purchase and rehabilitation, in a cost effective and timely fashion. We are able to provide you with these services in the following areas: Paradise, Chico, Oroville Real Estate.
The Benefits: Homes in this category can reap immediate rewards due to the increased value of the home once the work is completed. Final cost savings averaging approximately 10% under those of ready to move in homes can often be expected. Another added benefit is the enjoyment the rehabilitation improvements bring to your new Paradise, Chico, Oroville Real Estate. Due to the rehabilitation these homes require they do not generally attract the bidding activity of other low priced ready to move in homes.
The Loan: FHA 203K Rehab/Purchase loan. This loan is available with Loan To Value limits as high as 110%. The Rehabilitation portion of the loan can be as high as $35,000. Down Payments are 3.5%. Zero Down Payment Purchases are available through separate loan programs.
The Process: We have developed a uniquely comprehensive program to assist you with these property purchases and the challenges they represent. Our team consists of experienced Realtors and Licensed Contractors (lic. #360678) to provide all the services necessary to assist you with a smooth home purchase. We will assist you with the following:
- Prequalifying for the FHA 203k loan.
- Targeting homes that are within your budget and have what we refer to as “Good Bones”. We want to insure that the home you purchase will yield maximum benefits from the rehabilitation work. Our team of experts are able to assist you with a rapid 3 step evaluation process to determine the home’s rehabilitation potential.
- Once the potential of the home is confirmed. We work with you the buyer to develop a rehabilitation plan that fits the home’s needs as well as your vision for your home.
- Purchase of the property including coordination with the FHA lender.
- Contracting and timely completion of the rehabilitation phase for your new Paradise, Chico, Oroville Real Estate
This is not a commitment to loan. This information is provided by your Realtor to provide you with the knowledge that home ownership is more than just a dream. Loans oac and are subject to HUD guideline, lender and property approvals.
102% USDA HOME LOANS CHICO OROVILLE HOMES FOR SALE
October 19, 2009 by Steven Chain · Leave a Comment
Buyer’s in the market for a new home, with limited funds available for downpayment, would be well advised to consider the USDA Rural Home Loan program. Zero downpayment is possible with this loan program. These loans are designed for low to moderate income families. For example in the California North State the income range for a family of 4 is $46,650 to $73,600. FICO scores of 620 are generally required. USDA Rural Home Loan guaranteed loans have fixed interest rates with a 30 year term. The loans are designed for new construction, rehabilitation or existing homes.
The loans are provided based on eligibility areas. These areas generally have populations between 10,000-25,000 or open country. Therefore those areas surrounding Chico and Oroville in Butte County provide numerous areas of eligibility. Chico Oroville Homes For Sale
This is not a commitment lend. This information is provided as a service by your Realtor. A commitment to lend would be determined by completed application, OAC,buyer/ property eligibility and program status.
USDA 80% BUSINESS LOANS FIXED RATE 30 YEAR, $25,000,000 LIMITS
September 29, 2009 by Steven Chain · Leave a Comment
The United States Department of Agriculture USDA Business and Industry Loan Guarantee Program represents a unique source of funding for those seeking Commercial Loans.
MARKET: Buyer’s and business owners of commercial real estate
LTV: 80-90 percent based upon either startup or existing business status
TERM: Variable and Fixed rates, 7 to 30 year depending on collateral and use of funds. New accelerated approval process (October 1, 2009) 10 day approval process possible
LOCATIONS: Communities with populations under 50,000 and their contiguous urbanized boundaries.
COLLATERAL: Projects eligible for B&I financing include business acquisitions, commercial real estate purchases, startup costs and working capital, machinery and equipment purchases and some refinances. Commercial/Residential mixed use properties are now eligible.
More information on on the USDA Business and Industry Loan Guarantee Program is available HERE.
This is not a commitment to loan. This information is provided by your Realtor. Any commitment to loan will be based upon borrow’s loan application, property eligibility/collateral, Lender’s approval and USDA’s guarantee.
