Everyone in the real estate industry is waiting for 2011 with baited breath. What will happen with the economy? There are so many game changers out there right now.
Here are some new programs to look for in 2011. We'll see as the year progresses if these programs can aid in turning things around.
1. The VA loan limit has increased to $537,500 which is a $100,000 increase over last years loan limit of $437,500.
With so many Vets in San Diego, if you are a current or past member of the military 2011 offers a golden opportunity to take advantage of these loan limits at 0% down.
When you have questions about how to use these benefits contact me here anytime.
2. According to Veros research firm, a firm which works closely with the mortgage industry, 40 metropolitan areas are expected to do well in real estate in 2011. Guess who's leading at the first position for strongest Metro area? San Diego, Carlsbad and San Marcos, CA!
3. The Federal Government has given the state of California $700 Million to aid struggling homeowners underwater on their home. There is a potential for a total of $100,000 per household toward your mortgage, helping to trim your mortgage amount.
Do you just need to catch up on late payments? You can qualify for $15,000 per household.
Unemployed but feel confident that you'll be working soon? $1,500 per month for 6 months to help you out.
Can't move under any circumstance? $5,000!
Need to know more about these programs, it was scheduled to launch Nov 1, 2010 and was rescheduled to Jan 1, 2010. Click here