Special offer

ATTENTION LOS ANGELES COUNTY HOME BUYERS: Wonderful Castaic Home Available for 100% Financing

By
Mortgage and Lending with Los Angeles & Ventura Counties in CA

 

This super sharp, single story, 3bd/2ba, Castaic cul-de-sac home with nearly 1,400 sq. ft. is in move-in condition.  With a tile entry, upgraded carpet, new blinds is super neat and clean. 

This home also has wonderful curb appeal, a two car garage w/ cabinets, private yard w/ covered patio, corner lot w/ views is just waiting for the right family to move right on in. 

 

With easy access to freeways and local shopping, this Castaic home is also just minutes from Castaic Lake as well as Pyramid Lake where boating, swimming, fishing and camping are favorite pastimes for residents and visitors. 

Only a few miles from town is the Six Flags Magic Mountain amusement park, which is a favorite destination for kids and families.

 

 

The best part about this home in the city of Castaic?  This incredible home is eligible for 100% financing through the USDA loan program.  For appox. $2,000 (PITI) a month, you could own this little piece of the country just outside of the city, which is actually less than what you would pay for a 3bd apartment in this same area.  This wonderful home is definitely the best bang for your buck here in Los Angeles County.

The USDA Rural Guaranteed program extends 100% financing opportunities to help low-medium income residents purchase homes with no down payment required and no monthly mortgage insurance.  This program is only available in designated USDA eligible areas.  

The USDA eligible areas for Los Angeles County are as follows: 

Los Angeles County:  The areas surrounding Highway 126 west of Interstate 5 as well as the areas north of Highway 118 west of Interstate 5.  Other areas include the areas surrounding Highway 14 in the Antelope Valley, areas north of Interstate 210 in the San Fernando and San Gabriel valleys as well as the areas surrounding Angeles Crest Highway. 

Eligible Cities Include:  Acton, Castaic, Frazier Park, Lake Los Angeles, Littlerock, Val Verde and some parts of Santa Clarita, Newhall, Valencia, Canyon Country, Palmdale, Quartz Hill, Lancaster as well as parts of San Fernando & San Gabriel valleys that are north of Interstate 210. 

There are income limit guidelines that applicants must qualify for to be eligible to apply.  These income limits are based on 115% of the median income for that county as well as family size.  In Los Angeles County the income limits range from 66k to 125k a year depending on the size of your household. 

Right now, there are dozens of properties in Los Angeles County that are eligible for a USDA Rural Guarantee home loan.  Some of these properties are not REO's or short sales but actual equity sales with really motivated sellers and are NOT like all the other run-down, dilapidated dumps you've been seeing.  Some have been remodeled and/or upgraded like this property. 

Today's real estate market can be really scary, which is why it's important to get as much information as possible before starting your search.  Finding out more about affordable home loan options and getting pre-approved is an absolute must. 

The pre-approval process is not a simple process and it's because it can get really complicated and convoluted that borrowers today need affordable loan options that are best suited for their own needs. 

That's what I'm here for and I would love to be able to assist you in your search for an affordable home loan here in Los Angeles County.  Applications for this program can only be submitted by approved lenders, for more information on the USDA Rural program guidelines and eligibility, please feel free to contact me, Donne Knudsen at donne4loans@earthlink.net or at 805.5278554.

Posted by

 

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 Donne Knudsen

Realtor® - CalState Realty Services

DRE#: 01364050 / NMLS#: 249822 

 

805.2069123

 

E-mail   My Blog  

Serving low-medium income individuals and families as well as first time buyers with both their real estate as well as their mortgage needs including down payment assistance

Los Angeles County  --  Ventura County

© 2010 - All Rights Reserved

Comments (6)

Rebecca Gaujot, Realtor®
Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Donne, WOW 100% financing and what beautiful views in this area. Good localism post and hopefully you will  get some business from this post.

Dec 02, 2010 11:01 AM
Donne Knudsen
Los Angeles & Ventura Counties in CA - Simi Valley, CA
CalState Realty Services

Rebecca - This is a really beautiful area.  A little out in the boonies but gorgeous.  We don't have a lot of USDA eligible area here in Los Angeles county but the few we have are nice areas.  Thx for stopping by; I really appreciate it.  Have a great weekend Rebecca.  :)

Dec 02, 2010 11:32 AM
Elizabeth Weintraub Sacramento Broker
Elizabeth Anne Weintraub, Broker - Sacramento, CA
Put 40 years of experience to work for you

Is this your listing, Donne? I did not know that you sold real estate in addition to doing mortgage loans. Well, I guess I learn something new every day. That's the beauty of popping around in the Rain.

Dec 04, 2010 03:02 AM
Donne Knudsen
Los Angeles & Ventura Counties in CA - Simi Valley, CA
CalState Realty Services

Elizabeth - No this is not my listing but I do work with local Realtors/agents who allow me to blog about their listings when promoting my loan programs and services.  On another note, while I currently do not sell real estate, I have been a licensed with the CA DRE for seven years now and that does allow me the option to do both (loans & real estate), I just have never done it before.  However, I have been giving the idea some serious thought lately. 

Personally, I think doing both loans and real estate is a lot more work than probably most people realize.  If I do decide to go this route, I would probably phase into it and eventually give up doing loans once I got my real estate career established.  Of course, I wouldn't be able to do FHA loans and by not doing FHA loans, this would give me the time and opportunity to focus on a real estate career while still doing conventional loans to still maintain some income while phasing into a new career.

Right now, it's just another option for me and I am actually considering some other options as well.  For now though, I continue to focus on my mortgage career until I decide and plan what I want to do in the future.

Dec 06, 2010 06:07 AM
Ken Barker Realtor® GRI, E-Pro Certified
Dilbeck Real Estate - Burbank, CA

Donne - There is some wonderful opportunity and some nice newer homes. 100% financing most people think it is gone but you always seem to find them. It is away from it all but as you mention there are some good recreation options around there.

I used to go to Pyramid Lake a lot. And even Castaic.

Dec 07, 2010 02:13 PM
Donne Knudsen
Los Angeles & Ventura Counties in CA - Simi Valley, CA
CalState Realty Services

Ken - We don't have a lot of USDA eligible areas here in Los Angeles and Ventrura counties but the few areas we do have are definitely some nice areas.  The two areas that come to mind the most are Castaic in LA county and Ojai in Ventura county.  I loeve both those areas; a little rural - yes but nice areas.  Thx for stopping by Ken; I really appreciate it.  Have a great weekend.  :)

Dec 09, 2010 02:21 PM