nsp: ATTENTION FIRST TIME BUYERS: Totally Rehabbed Home Available for Down Payment Assistance
- 10/17/11 08:01 AM
There is a lovely Canoga Park home that offers 3bd/1ba on more than 9,000 sq. ft. lot. Beautifully remodeled and fully rehabilitated, this completely energy efficient home offers a brand new kitchen, new wood & tile flooring throughout, new windows & doors, a new tankless water heater and all new landscaping.
This lovely home is totally move-in ready and is just waiting for the right first time buyer to come along and fall in love with it!!!
Minutes from Pierce College as well as the wonderful shopping, dining and entertainment destinations in Woodland … (5 comments)
|
nsp: ATTENTION FIRST TIME BUYERS: Totally Rehabbed Home Available for NSP Down Payment Assistance
- 09/05/11 05:39 AM
There is a lovely Pacoima home that offers 5bd/3ba with more than 1600 sq. ft. of living space on a nearly 5,000 sq. ft. lot. Beautifully remodeled and fully rehabilitated, this completely energy efficient home is totally move-in ready and is just waiting for the right first time buyer to come along and fall in love with it!!!
Walking distance from Hansen Lake and Hansen Dam, this wonderful home is the perfect starter home for the right family. There is no competing with all cash investors either, this home is only available to eligible and qualified, low-median income families who are … (6 comments)
|
nsp: ATTENTION FIRST TIME BUYERS: Totally Rehabbed Home Available for NSP Down Payment Assistance
- 07/19/11 08:43 AM
This lovely Arleta home offers 3bd/2ba with nearly 1300 sq. ft. of living space on a nearly 7000 sq. ft. lot. This beautifully, fully rehabilitated, energy efficient home is totally move-in ready!!!
Don't miss this one! Fresh new paint inside and outside and new hardwood flooring throughout. All new kitchen with new stainless steel, Energy Star appliances, new cabinets and new granite countertops. New bathrooms with luxury finishes and an on demand hot water system.
There is new double paned windows throughout as well as new central a/c, new heating system and new energy-saving tank-less water heater. All new water-saving landscaping, new electrical, new plumbing and a new roof.
Walking distance from … (10 comments)
|
nsp: Totally Rehabbed Home Available for NSP Down Payment Assistance
- 06/17/11 06:51 AM
Completely remodeled! This 3bd/2ba, San Fernando valley home has nearly 1,200 sq. ft. of living space on a nearly 10,000 sq. ft. lot, Located on a great residential street, this home is move-in ready and built to help save the environment and your money.
Don't miss this one! Fresh new paint inside and outside and new tile & carpet floor throughout. All new kitchen with new stainless steel, Energy Star appliances and new cabinets. All new bathrooms with new luxury finishes.
There is new double paned windows throughout as well as new central a/c, new heating system and new energy-saving tank-less water heater. All new water-saving landscaping, new electrical, new plumbing and a new roof.
… (11 comments)
|
nsp: Los Angeles Branded a Tough Market for Renters - GOOD FOR BUYERS!
- 05/11/11 08:50 AM
Businessweek came out a list of the 25 Toughest Cities for Renters. By that, they mean the top 25 cities that have the lowest affordability for renters. These are cities where average rents are rising, real income is stagnating or, in some cases, falling and where the supply of affordable housing has declined thus forcing rental households to pay a greater share of income than ever before.
Right now, about 26% of rental households are severely burdened with rent payments. That means that more than a quarter of rental households are paying more than half their income on rent. Furthermore, more … (9 comments)
|
nsp: Totally Rehabbed Los Angeles Home Available for Down Payment Assistance
- 03/18/11 07:08 AM
This wonderful 3bd/2b gated home has more than 1,200 sq. ft. of living space for the right family. This fully rehabilitated, enery efficient home has double paned windows, central heating system and a tankless water heater. There is also new flooring (tile & wood), cabinets and counter tops throughout the home. New landscaping will be added as well.
This home was developed with NSP funds and is now available for purchase. This is not another run-down dumpy REO like you've been seeing and there's no competing with all cash investors either. This home is only available to low-medium income buyers.
The … (15 comments)
|
nsp: TOTALLY REHABBED ARLETA HOME ELIGIBLE FOR DOWN PAYMENT ASSISTANCE
- 02/14/11 07:53 AM
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)
|
nsp: TOTALLY REHABBED WEST ATHENS HOME ELIGIBLE FOR DOWN PAYMENT ASSISTANCE
- 01/29/11 09:10 AM
This wonderful 3bd/2b, West Athens home has nearly 1,200 sq. ft. of living space on a nearly 6,000 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.
This home also has new central air and heat, a tankless water heater, new windows, new doors, new flooring throughout, new electrical, new plumbing, new roof, new stucco, fresh interior paint and new landscaping.
The best part is that this home is also … (6 comments)
|
nsp: ATTENTION LOS ANGELES COUNTY FIRST TIME BUYERS: NSP Receives More Than 27M in Additional Funds (30DC18)
- 09/13/10 05:18 AM
I subscribe to the daily webcasts of Think Big, Work Small (TBWS), which is hosted by these two guys, Brian Stevens & Frank Garay. TBWS was founded a couple of years ago by a bunch of real estate and mortgage people who wanted to teach others in the business how to work smarter to grow their business.
This morning's video was especially interesting because there was a segment on the Neighborhood Stabilization Program (NSP) receiving their new allotment of funds. For those who don't know what NSP is, the NSP was developed to stabilize communities that have suffered from foreclosures and … (4 comments)
|
nsp: ATTENTION LOS ANGELES COUNTY FIRST TIME BUYERS: Totally Rehabbed NSP Eligible Home Available for Up to $75,000 in Down Payment Assistance
- 06/17/10 06:35 AM
Located in the Graham neighborhood of Los Angeles, this fully restored, energy efficient 5bd/3ba duplex is ideal for the large, extended family.
This lovely duplex features a 3bd/2ba home with an updated kitchen and bathrooms that have granite counters, new cabinets and new tile flooring.
There is also an additional 1bd/1ba "granny suite" that also has an updated kitchen and bathroom with granite counters, new cabinets and new tile flooring. Both units also have new energy efficient central air and heating units.
Walking distance from shopping, entertainment and public transit, the best part is that this home is eligible for up … (0 comments)
|
nsp: ATTENTION LOS ANGELES COUNTY FIRST TIME BUYERS: Totally Rehabbed NSP Eligible Home Available for Up to $75,000 in Down Payment Assistance
- 06/02/10 10:34 AM
A few months ago, I posted that the Los Angeles Housing Department (LAHD) was making some changes to their Neighborhood Stabilization Program (NSP) by utilizing their NSP funds to purchase and rehab foreclosed properties in NSP eligible areas.
ATTENTION LOS ANGELES COUNTY FIRST TIME BUYERS: Stop Getting Beat Out by the All-Cash Investor
It's taken nearly four months for this change to come to fruition but Restore Neighborhoods in Los Angeles (RNLA) has finally finished rehabbing the first of many properties that are now eligible for purchase from NSP eligible buyers.
No more competing with the all cash investor for … (7 comments)
|
nsp: ATTENTION LOS ANGELES COUNTY FIRST TIME BUYERS: Stop Getting Beat Out by the All-Cash Investor
- 02/15/10 09:28 AM
Last summer, the Los Angeles Housing Department (LAHD) rolled out their Neighborhood Stabilization Program (NSP). This was a program that was specifically designed for low-medium income, first time buyers to utilize federal funds to purchase foreclosed properties in federally designated areas in LA county that have been hard hit by foreclosures.
Initially, I thought this program would go from 0-60 in no time with the high percentage of LA county first time buyers looking to purchase the incredibly priced foreclosures that were saturating LA county.
However, after spending the first few months trying to get several of my low-medium income, … (10 comments)
|
nsp: FANNIE MAE'S "FIRST LOOK" INITIATIVE SUPPORTS BUYERS USING DOWN PAYMENT ASSISTANCE PROGRAMS - MAYBE?
- 12/03/09 11:13 AM
Fannie Mae has recently rolled out their new program "First Look" in an effort to support neighborhood stabilization and buyers using down payment assistance (dpa) funds to purchase their first home.
With First Look, only offers from owner occupants and buyers using public funds are considered during the first 15 days a property is on the market. Offers from investors will only be considered after the initial 15 day period has passed.
Furthermore, buyers using Neighborhood Stabilization Program (NSP) funds from the U.S. Department of Housing and Urban Development's (HUD) Community Development Block Grant (CDBG) program, HOME Investment Partnerships Program … (3 comments)
|
nsp: USING MY BLOG TO ENHANCE RELATIONSHIPS WITH CLIENTS & PROSPECTS: Part 3
- 10/30/09 01:22 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)
|
nsp: ATTENTION LOS ANGELES COUNTY FIRST TIME BUYERS: HUD Waives 90 Day Property Flipping Rule for NSP Buyers & Eligible Areas
- 09/23/09 04:08 AM
Because of the dramatic rise in foreclosures, FHA has decided to temporarily waive one of its eligibility property requirements for certain distressed areas. Effective September 14, 2009, FHA has decided to waive the 90 seasoning requirement for FHA insured properties in NSP eligible areas.
This is great news for NSP buyers because typically, NSP areas are established simply because the foreclosure rates are incredibly high in these areas. The whole purpose of the NSP is to revitalize these areas with first time buyers.
Unfortunately, many of the foreclosed properties in these NSP eligible areas are being scooped up by all cash … (6 comments)
|
nsp: ATTENTION LOS ANGELES COUNTY FIRST TIME BUYERS: LAHD Expands NSP Eligible Areas!
- 08/18/09 06:28 PM
Los Angeles Housing Department (LAHD) is pleased to announce that Los Angeles county's Neighborhood Stabilization Program (NSP) eligible areas have been expanded significantly!
LAHD has expanded the NSP eligible areas to at least three times larger than its current size!
Additionally, LAHD has made the following program changes: LAHD has increased the maximum rehabilitation/repair allowable from $50,000 to $75,000. Part of the purchase assistance loan, up to 5% of the purchase price (previously the maximum was 4%), may be used to cover closing costs.
First Time Buyers: Need some help in purchasing your first home here in LA county? … (0 comments)
|
nsp: FIRST TIME BUYER OPTIONS IN LOS ANGELES & VENTURA COUNTIES - PART 3: Down Payment Assistance Bridges the Gap to Homeownership
- 08/17/09 07:48 AM
As the next part of my continuing series of affordable loan options for first time buyers here in the LA & Ventura counties, I want to now present the various down payment assistance (dpa) programs that are available to first time buyers here in LA & Ventura counties.
For many low-medium income first time buyers here in LA & Ventura counties, going with an FHA loan program is their only option. Partnering their FHA loan with a dpa program allows them to not only reduce their down payment requirement but it also allows them to keep their payments at … (6 comments)
|
nsp: DOWN PAYMENT ASSISTANCE ELIGIBLE FOR LOS ANGELES COUNTY REO'S
- 07/31/09 05:15 PM
As part of HUD's new Neighborhood Stabilization Program (NSP), the Los Angeles Housing Department (LAHD) is offering down payment assistance to eligible homebuyers.
The NSP was developed to stabilize communities that have suffered from foreclosures and abandonment. NSP offers deferred payment second mortgages to homebuyers seeking to acquire a foreclosed or abandoned property. It also provides deferred payment loans to repair blighted properties after they have been purchased.
Program Requirements:
Eligible homebuyers must not presently have an ownership interest in any real property and they must occupy the property as their primary residence. Eligible homebuyers must … (7 comments)
|
|
|
|
;)
;)
;)
