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lipa: TOTALLY REHABBED ARLETA HOME ELIGIBLE FOR DOWN PAYMENT ASSISTANCE - 02/14/11 03:53 PM

 
 
This wonderful 3bd/1b, Arleta home has nearly 1,000 sq. ft. of living space on more than 5,000 sq. ft. lot.  This incredible home has been completely rehabbed and upgraded throughout the entire home.  There is a completely brand new kitchen with new energy efficient appliances, granite counters, wood cabinets and tile floor. 
 
 
The best part is that this home is also eligible for down payment assistance through the Los Angeles Housing Department (LAHD) Neighborhood Stabilization Program (NSP).  NSP down payment assistance is a "silent second", which means no payment until the home is sold or refinanced.  For less … (8 comments)

lipa: ATTENTION LOS ANGELES FIRST TIME BUYERS: Wonderful Downtown Home is Eligible for Down Payment Assistance - 02/04/11 11:20 AM
The other day, I blogged about what young L.A. Millenniums wanted in their first home and presented some options for downtown lofts. 
What Do Most 20-Something Buyers Want in Their First Home? - Definitely NOT Their Parent's Home! 
Another option that is really great option for young, single, first timers that is a really popular type of housing here in L.A. is the conversion of an old house into separate units.  When I was a young, single, 20-something living in Hollywood, I lived in one of these types of units.  It was an old Victorian style home and it was divided … (6 comments)

lipa: What kind of property can I buy? FAQ - #2 - 01/05/11 01:13 PM
In Part 1, I discussed the different first time buyer and down payment assistance (dpa) programs that are available to prospective buyers here in the Los Angeles & Ventura counties.  
In Part 2, I want to discuss some of the specific property qualifying requirements for the different programs that I didn't address in my post links in Part 1.  Here in Los Angeles & Ventura counties, no two down payment assistance (dpa) programs are alike. 
While all dpa programs are specifically geared for the low-median borrower, even the income guidelines can vary from program to program.  All dpa programs are all … (3 comments)

lipa: ATTENTION LOS ANGELES COUNTY FIRST TIME BUYERS: Wonderful Properties Available for Down Payment Assistance - 11/25/10 12:41 PM
Right now, there are nearly 50 available properties in Los Angeles county that are eligible for as much as $75,000 (depending on the sales price) in down payment assistance (dpa).  For example, this newly remodeled, West Athens, REO home is move-in ready for the right family.  This home offers 4bd/2ba of more than 1,700 sq. ft. on a more than 5,000 sq. ft. lot.

With new flooring throughout and a new kitchen (appliances, cabinets, counters) as well as new interior/exterior paint, this home is not one of those run-down, dilapidated, REO dumps that you've been seeing.  The best part, for approximately … (3 comments)

lipa: ATTENTION LOS ANGELES COUNTY FIRST TIME BUYERS: Two New Homes in the South Bay Available for Down-Payment Assistance (30DC23) - 09/18/10 07:29 PM
In this quiet, family-friendly, neighborhood is a two-unit home located just east of the Pacific Square area in Gardenia.  Built in 2007, this building has two townhomes and each unit has 4bd/4ba and nearly 2,300 sq. ft. of living space.  There are also no HOA's or mello roos for these units.
Don't worry about having to fix up either one of these homes after the close of escrow because these aren't just two other run-down and dilapidated dumpy REO's like all the rest of the properties you've probably been seeing. 
Both units have new kitchens and granite countertops and new cabinets … (6 comments)

lipa: ATTENTION LOS ANGELES COUNTY FIRST TIME BUYERS: LIPA Eligible Home Available for Up to $60,000 in Down Payment Assistance - 06/10/10 05:55 PM
In the quiet, residential area of Panorama City, this home is located in the family-friendly community of Tupper Tobias Village.  Built in 2001, this fully detached PUD home offers 4bd/3ba has nearly 1,700 sq. ft. of living space and at $49 a month, has the lowest HOA in the area. 
Don't worry about having to fix up this home after the close of escrow because this isn't another run-down and dilapidated dumpy REO like all the rest of the properties you've probably been seeing.  With new interior paint, new carpet and new appliances and hardwood floors this home has been rehabbed and … (3 comments)

lipa: ATTENTION LOS ANGELES COUNTY FIRST TIME BUYERS: LAHD Receives New Funds for LIPA Buyers - 05/26/10 03:09 PM

Well the Los Angeles Housing Department (LAHD) has finally received additional funds for their Low Income Purchase Assistance (LIPA) program again.  They had run out of money back in March and had temporarily suspended the program.  The program has received nearly 4M in funds for this year and will assist homebuyers on a first come, first serve basis.  In other words, the program is in effect for as long as the money lasts. 
They have also made a few minor changes to the program but with the same great results.  The LIPA program offers purchase assistance in the form of a deferred loan of up … (8 comments)

lipa: ATTENTION LOS ANGELES COUNTY FIRST TIME BUYERS: Incredible Property Eligible for LIPA Down Payment Assistance - 11/06/09 01:32 PM

 
At the base of the Verdugo Mountains, just south of Shadow Hills and minutes from the Theodore Payne Foundation for Wildflowers and Native Plants is an incredible home located at 11770 Snelling St. in Sun Valley. 
This 3bd home with nearly 1,100 sq. ft. of living space sits on a large lot of more than 11,000 sq. ft., which is listed for $265,000 and is move-in ready.
 
 
Don't worry about having to fix up this home after the close of escrow because this isn't another run-down and dilapidated dumpy REO like all the rest of the properties … (0 comments)

lipa: USING MY BLOG TO ENHANCE RELATIONSHIPS WITH CLIENTS & PROSPECTS: Part 3 - 10/30/09 08:22 PM
As the last part of my series that started with Bob Stewart's challenge to "use our blogs to enhance our relationships to prospects and clients", I recently had the opportunity to use my blog to market to people that I don't typically consider prospects or clients. 
For most of my mortgage career, I have focused on generating relationships with buyers, predominantly first time buyers and most of my marketing efforts are geared towards providing affordable home loan options to low-medium income buyers. 
While I spent a brief period of time in the beginning of my mortgage career marketing to Realtors, I … (2 comments)

lipa: USING MY BLOG TO ENHANCE RELATIONSHIPS WITH CLIENTS & PROSPECTS: Part 2 - 10/28/09 12:25 AM
As part of Bob Stewart challenges, I illustrated "How I am using my blog to enhance my relationships with prospects?" in my Part 1.  In Part 2, I want to illustrate "How I am using my blog to enhance my relationships with my clients?" 
For the most part, I work with low-medium income first time buyers.  Many of my clients are utilizing local down payment assistance programs in order to purchase their first home.  Because of the many advantages and benefits of an FHA loan, almost all of my clients choose to go with an FHA in conjunction with their down … (10 comments)

lipa: ATTENTION LOS ANGELES COUNTY FIRST TIME BUYERS: Incredible Property Eligible for LIPA Down Payment Assistance - 09/06/09 11:42 AM
In the shadow of Placerita Canyon State Park and the Angeles National Forest and minutes from Stetson Ranch Equestrian Center, is an incredible home located at 12751 Bradley Ave. that is a great starter home for today's first time buyers.
This 3bd/2ba home with more than 1,200 sq. ft. of living space sits on a large lot of nearly 15,000 sq. ft., which is listed for $279,900 and is move-in ready. 
 
Don't worry about having to fix up this home after the close of escrow because this isn't another run-down and dilapidated dumpy REO like all the rest of the … (13 comments)

lipa: ATTENTION LOS ANGELES COUNTY FIRST TIME BUYERS: LAHD Offers New Down Payment Assistance Program - 08/19/09 06:23 PM

Well the Los Angeles Housing Department (LAHD) is at it again.  LAHD is pleased to announce that the Low Income Purchase Assistance (LIPA) program has finally received funding and is effective August 18, 2009.  The program has received $4,142,164 this year and will assist homebuyers on a first come, first serve basis.  In other words, the program is in effect for as long as the money lasts. 
The LIPA program offers purchase assistance in the form of a deferred loan of up to $75,000 to low income households for down payment, closing costs, and acquisition financing.  Medium income households are still eligible for HERO & … (4 comments)

 
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Donne Knudsen CalState Realty Services

Simi Valley, CA

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Los Angeles & Ventura Counties in CA

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