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San Jacinto Market Analysis – SOLD 5/20/09 – 6/20/09 FINANCING - CONVENTIONAL
In my recent post on this series, San Jacinto Market Analysis - SOLD 5/20/09 - 6/20/09 I shared insight to the overall San Jacinto real estate market by providing a brief synopsis of current market conditions by analyzing all of the 136 residential real estate homes that closed escrow between May 20th and June 20th, 2009.  In this segment, I will look closely at san Jacinto homes for sale that sold with a larger down payment and Conventional financing.
Of the 136 San Jacinto, CA homes that Closed Escrow during the period of 5/20/2009 through 6/20/2009 35 were financed with CONVENTIONAL FINANCING.  These homes are typically purchased by investors who are seeking to leverage their cash by typically putting 25% of the purchase price down on the property and financing the balance with a Conventional Loan.  There are some Conventional loan products that allow an investor to have as little as 10% cash into a transaction - however higher interest rates, points and loan costs often outweigh the advantage of less cash in the deal.
25.74% of all homes purchased in San Jacinto, CA during this period were purchased with Conventional Financing and were, on average, 10 years newer than the ... more

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