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PARADISE CA Homes For Sale 1st Time Home Buyer’s RDA Down Payment Assistance Program

PARADISE CA Homes For Sale 1st Time Home Buyer’s RDA Down Payment Assistance Program
Are you in the market as a FIRST TIME HOME BUYER and your dreams of home ownership aren’t taking shape the way you thought. We would like to take this opportunity to inform you about a great program.

First Time Home Buyers should be aware that the Town of Paradise and the associated Redevelopment Association have a detailed program providing for down payment assistance. The maximum Town contribution varies between $20,000 and $40,000, depending on you income. The program is described as a deferred payment, deferred interest, shared appreciation program. Each qualified borrower will receive only the necessary amount based on a range of 30% (min) = 35% front-end ration. The income range for back-end ratios should not exceed 36%-45%. Paradise CA Homes For Sale

Property Eligibilty: Homes must be within the Town of Paradise and maybe NEW or Previously occupied homes.

Isn’t it time you saw your dreams of PARADISE CA REAL ESTATE really take shape?

This information is provided as a service by your Realtor. This is not a commitment to sell or loan. The actual commitment to purchase a home and obtain a loan will be based upon Lender’s approval of credit AOC, approval of applicant and property eligibility for the Town of Paradise CA Redevelopment Association Down Payment Assistance Program. PARADISE CA HOMES FOR SALE

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Paradise, Chico, Oroville Home Bargains, Zero Downpayment Homes OAC

PARADISE, CHICO, OROVILLE HOME BARGAINS, ZERO DOWNPAYMENT HOMES OAC
Are you a BUYER looking for a BRAND NEW HOME. Would you like the LOOK, FEEL and upto date ENERGY EFFICIENCY of a new home. Look no further. USDA Rural Home loans combined with today’s unique market make what seemed impossible now possible. This program allows for ZERO DOWN PAYMENT.

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

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102% USDA HOME LOANS CHICO OROVILLE HOMES FOR SALE

United State Department Of Agriculture USDA home loans guarantees up to 102% Chico Oroville Homes For Sale

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.

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Calling All 1st TIME BUYERS, Chico Housing Downpayment Assistance, Chico Homes For Sale

Chico offers a Mortgage Subsidy Program (MSP) to provide downpayment assistance. The amount of the subsidy is 10 to 30% of purchase price. This program is available only for Ist Time Home Buyers. This is a remarkable opportunity for homeownership in Chico.

CHAIN REAL ESTATE INVESTMENT & MORTGAGE and CHAIN ENTERPRISES have combined services to provide 1st Time HomeBuyers In Chico with the opportunity to apply the Chico Mortgage Subsidy Program to the purchase of a brand new site built home. We know of no other program quite like this with CHICO HOMES FOR SALE.

The property must be located within the City of Chico or within the Redevelopment Zone.

To review the income and eligibility guidelines for CHICO HOME BUYERS click HERE

. This information is provided as a service by your Realtor. This is not a commitment to sell or loan. The actual commitment to purchase a home and obtain a loan will be based upon Lender’s approval of credit AOC, approval of applicant for the City of Chico Mortgage Subsidy Program. CHICO HOMES FOR SALE

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Chico homes for sale – Current Market Statistical Report September 2009

The following statistical information is representative of the real estate market of Chico homes for sale and certain urbanized areas immediately surrounding the City.

The Current inventory of Single Family Chico Homes For Sale is as follows:

PRESENT INVENTORY/STATUS

• 337 Active Residential Listings
• 175 Pending Sales
• 25 Sold
• 36 Short Sale Listings
• 5 REO listings
• 42 Short Sale /REO Listings

2009 YEAR TO DATE MARKET PERFORMANCE

• 574 Homes Sold Year to Date
• 1,009 Homes Listed Year to Date
• $279,317 Average Selling Price

Source: Paragon 4 MLS, September 30, 2009, Chico Homes For Sale

60 Days Remaining for capturing 1st Time Home Buyer $8,000 Tax Credit

This information is provided by your Realtor as an informational service in assisting Buyers and Sellers in Real Estate transactions, Chico Homes For Sale. This information is not presented as a substitute for the advice of your Tax or Legal Advisor

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REO Fixer-Upper Bargains, Cottonwood CA Homes For Sale , FHA 203k

The Bargains: Are you 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 Cottonwood homes for sale 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: Cottonwood, Redding, Anderson, Red Bluff, Chico and Oroville

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 Cottonwood home for sale. 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 has high as 110%. The Rehabilitation portion of the loan can be as high as $35,000.

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 Cottonwood home for sale.

This is not a commitment to loan. Loans oac and are subject to HUD guideline, etc.

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Selling Your Home in a Buyer’s Market

Selling in a Buyer’s market is obviously different than selling in a Seller’s Market. Like airplanes people have attitudes and when the winds change both require attitude adjustments to stay on course. That’s what I what to talk about today. Some Sellers I talk to still have a Seller’s market attitude. That attitude says I don’t want to lose the money I thought I once had in my property so I’ll wait until the market turns around. Of course that attitude won’t fly in a Buyer’s market. While it’s true a Seller can wait until the market returns to the historic highs of two or three years ago, that could take some time.

Let’s take a look at some of the benefits of matching our property prices to sell in the present Buyer’s Market. Here are two important factors I don’t often hear considered by the reluctant Seller. Whether your selling a personal residence, or investment property, when you sell you will be postioned to purchase or 1031 exchange into this same Buyer’s Market. Now you have the wind working to your advantage. The Seller will still be owning real estate that should experience the increase in equity that was expected by waiting for market turn around. Secondly present interest rates are also at or near historic lows. As the markets recover there will be an increased demand for money putting upward pressure on interest rates.

Finally a wise person once said,” Every market presents opportunities, but the opportunities are different in every market.” We encourage our clients to adjust attitudes to take advantage of the remarkable current market opportunities.

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Redding, California — Prime for a Housing Recovery

We came across this great article in Forbes magazine, showing the huge potential and encouraging signs in the housing market. Redding ranked #8 nationally in the list.     Check out the Article Here…

E-mail us, so we can help you take advantage of this ripe market. Enjoy the good news!   =)

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9 REASONS TO BUY IN 2009

Below we have listed our ‘9 REASONS 2009 IS THE SEASON TO BUY A NEW HOME’

1. SPECIAL TAX CREDITS:

   FIRST TIME HOME BUYER’S HAVE ACCESS UP TO $8000 FEDERAL TAX CREDIT (must close escrow before December1,2009- NO PAYBACK)
   NEW HOME BUYERS HAVE ACCESS TO UP TO $10,000. STATE TAX CREDIT
   (must purchase before 2010)
   TAX DEDUCTIONS: The interest paid on your mortgage is tax deductible.

2. PRICES ARE DOWN:

   EXPERTS REPORT PRICES ARE DOWN 41% STATE WIDE.
   This means your purchase will position you for appreciation as the market recovers. Many potential buyers are under the impression that the only bargains are Foreclosures, REO’S, but in fact we are marketing new homes that represent remarkable present market value and we would love the opportunity to share our products and programs for purchasing with you.

3. IT’S A BUYER’S MARKET:

   The wise investor’s adage is,” buy when others are selling and sell when others are buying”. It is hard to say how long the various positive factors that make this a Buyer’s Market will last. But we do know some of those advantages will expire in 9 months.

4. HISTORICALLY LOW INTEREST RATES:

   Rates are actually below those of 1971.

5. RISING RENTS:

   Due to recent events in the economy experts forecast a strong demand in the residential rental market for the next 10 years. It just makes good sense to Buy a Home when your payments are at or below what your paying for rent.

6. FAMILY WEALTH BUILDING:

   While there are numerous ways to invest, basically there are two choices regarding your personal housing. Either you will build your landlord’s wealth through renting or you will build your families’ wealth through home ownership.

7. REDUCED UTILTIES:

   The homes we build today are far more energy efficient than those we built even 3 or 4 years ago. The lower your utility bills are the more cash in your pocket each month. That’s the bottom line.

8. NEW HOME CONFIDENCE:

   Purchasing a new home takes the mystery regarding the condition of the home out of the process. REO’s and FORECLOSURE’s can be exempt from disclosures and inspections of condition. Especially if the Lender is in possession of the property since they aren’t in a position to know or verify the condition of the home. Of course the additional expenses related to any necessary repairs or deferred maintenance should be considered as well.

9. OPPORTUNITY / TIMING:

   This is one thing we have learned after four generations in the Building and Real Estate Industry. Basically we either recognize opportunity when it’s presented or we recognize when we have missed it. We understand each families financial picture is unique.

We are here to assist you.

We appreciate the opportunity to provide you with this home buying information. We want your business and we would appreciate hearing from you to discuss your plans, for BUYING, SELLING, DESIGNING AND BUILDING REAL ESTATE IN THE NORTH STATE.