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Good Neighbor Next Door - HUD Program
Did you know there is a program out there especially for Law Enforcement, Firefighters, EMTs and Teachers?
It is called the Good Neighbor Next Door Program and it is through HUD. This program is not widely known about. The homes are not always available, but when they do come up it is a wonderful way to become a homeowner with benefits.
There are special requirements to qualify for this program, but if you do and you win one of these homes...you would get it for HALF off.
Please watch my Periscope video to learn more and if you would like to sign up for my free GNND Course, please do so here!
bit.ly/gnndhouse
Is There Anyway To Have My HUD Offer Considered Before Others?
Buying a HUD Home is not as difficult as you may think! I have helped many people purchase their 1st Home from HUD! Call me today for more details about the process! Laura.A.Key@gmail.com or Visit my website to sign up for FREE HUD Listings! http://www.KeyCaliforniaHomes.com
Owner occupants always have first priority; however, if there are not any bids after the 30th day then bidding is open to all bidders (investors). All offers are due by the bidding date and the HUD system generally picks the highest and best offer.
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‘Boomerang Buyers’ Making a Comeback in California
People who went through foreclosures or short sales during the housing crisis have been gradually returning to the Orange County, Calif., market for at least a year, according to real estate industry observers.
Buyers generally must wait at least three years to qualify for a government-backed Federal Housing Administration mortgage, and it can take seven years to get a conventional loan backed by Fannie Mae or Freddie Mac.
Real estate professional Andreea Stucker, who lost a condo due to a bad loan she could not afford, is among the emerging ranks of “boomerang buyers.” She believes that experience has made her a better practitioner.
More than three-fourths of those who lost their homes will try to become homeowners again, says Paul Scheper, division manager for Greenlight Financial in Irvine, Calif. Nationwide, more than 3.4 million households have completed the minimum waiting period.
Source: "Boomerang Buyers Making a Comeback," Orange County (Calif.) Register (Feb. 15, 2013)
Have you had a foreclosure or a short sale in your past? Has enough time passed so you can own again? Call Laura Key at 310.866.8422 to see if you could be eligible for homeownership again! www.KeyCaliforniaHomes.com
FHA Loan Limits in Los Angeles County
Thinking of buying a home and going with an FHA loan? Here are the FHA loan limits for Los Angeles County of California. For information on other states, please feel fee to contact me at Laura.A.Key@gmail.com LOS ANGELES COUNTY FHA LOAN LIMITS (Median Sales Price $535,000)
- Single Family $729,750
- Two Family $934,200
- Three Family $1,129,250
- Four Family $1,1403,400
FHA loans have been helping people become homeowners since 1934. How do we do it? The Federal Housing Administration (FHA) - which is part of HUD - insures the loan, so your lender can offer you a better deal.
- Low down payments
- Low closing costs
- Easy credit qualifying
What does FHA have for you?
Buying your first home? FHA might be just what you need. Your down payment can be as low as 3.5% of the purchase price, and most of your closing costs and fees can be included in the loan. Available on 1-4 unit properties.
Want a fixer-upper? FHA has a loan that allows you to buy a home, fix it up, and include all the costs in one loan. Or, if you own a home that you want to re-model or repair, you can refinance what you owe and add the cost of repairs - all in one loan.
Financial help for seniors Are you 62 or older? Do you live in your home? Do you own it outright or have a low loan balance? If you can answer "yes" to all of these questions, then the FHA Reverse Mortgage might be right for you. It lets you convert a portion of your equity into cash.
Want to make your home more energy efficient? You can include the costs of energy improvements into an FHA Energy-Efficient Mortgage.
How about manufactured housing and mobile homes? Yes, FHA has financing for mobile homes and factory-built housing. We have two loan products - one for those who own the land that the home is on and another for mobile homes that are - or will be - located in mobile home parks.
Ask an FHA lender to tell you more about FHA loan products.
Great West Hills Home 4 Bed 1.5 Bath
HUD HOME - WEST HILLS CALIFONRIA
$410,000
4 Bedrooms 1.5 Baths
Click Photo for Virtual Tour!
