As the number of foreclosures rise and home prices drop, first-time buyers can use down-payment grants, low interest rates, and loan programs allowing FICO scores as low as 480 to purchase an Ontario home.
According to the Inland Multi-Regional Multiple Listing Service, 936 homes were available in Ontario on Nov. 11, including 624 single-family homes with no association fees and 312 condominiums, townhomes and single-family homes with monthly association fees. Seventy-seven homes were reported in escrow.
Complete information on available homes, down-payment grants and loan programs can be obtained by calling Ila Josephs at (909) 261-3541. First-time home buyers especially can benefit from new government and private agencies ready to help them purchase an affordable home.
Current renters can enroll in a FREE seminar, "How You Can Attain Your Dream of Owning Your Own Home." This seminar is offered in cooperation with James Jackson, a Realtor since 1959, and Cornelius Brown, a senior loan consultant with Mission Hills Mortgage Bankers. Topics are:
Misconceptions about home buying
Deciding on your down payment
Loan pre-qualification
Credit scoring (Myths and facts about credit)
Improving your credit score
Your home loan process
Selecting a real estate professional
Tying down your dream
Explaining closing costs
The seminar is a free service to the community. Call Ila at (909) 261-3541 to register. You'll be glad you did.
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