This is a question I recently received... Tom, my wife and I would like to purchase a home in the Bay Area. I am most interested in CalHFA programs, however I have some questions. Is it true that you cannot sell the house for a profit if you have a CalHFA loan? Would this be a poor investment? Response It appears you might have received some bad information about CalHFA loans. The California … [Read more...]
Terrific Opportunity to Buy the Best of Santa Clara!
April 16, 2009 By 1 Comment
StynesGroup Inc at Keller Williams Realty is pleased to announce that we will be listing 2377 Fordham Drive in Santa Clara. This lovely 3 Bedroom / 3 full Bath home located in a great Santa Clara neighborhood will be available to purchase on April 16, 2009. This home has been completely updated: New paint interior and exterior, refinished hardwood floors, new flooring in the kitchen … [Read more...]
New Mortgage Protection Program announced by the California Association of REALTORS
April 2, 2009 By Leave a Comment
Today, the California Association of REALTORS (CAR) launched a new program designed to provide peace of mind to first-time buyers who are concerned about a potential job loss. This new program (CAR - Housing Affordability Fund Mortgage Protection Program) states that first-time home buyers, who lose their jobs due to layoffs, may be eligible to receive up to $1,500 per month for up to six … [Read more...]
Jumbo conforming limits going back to $729,750 as of May 1
April 1, 2009 By Leave a Comment
My lender just shared this great news with me: Fannie Mae announced yesterday that, beginning May 1, 2009, it will accept loans originated in 2009 using the higher of the current permanent high-cost loan limits, or the temporary loan limits that were in place in 2008 ($729,750). This change is due to provisions in the American Recovery and Reinvestment Act (ARRA) of 2009. Fannie Mae is … [Read more...]
The 2009 Homebuyer Tax Credit and you…
March 12, 2009 By Leave a Comment
On February 17, 2009, President Obama signed the “American Recovery and Reinvestment Act of 2009.” The stimulus package is full of provisions designed to increase America’s spending and within the bill is an $8,000 tax credit for first-time homebuyers. Unlike the tax credit that congress passed last year, the 2009 credit does not need to be repaid. However, the new credit does … [Read more...]
