TOTALLY REHABBED LOS ANGELES HOME ELIGIBLE FOR DOWN PAYMENT ASSISTANCE

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

 

 

This wonderful Los Angeles home offers 3bd/1ba with nearly 1,400 sq. ft. of living space and a lot of nearly 7,000 sq. ft.

 

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!!!

 


 

 

Beautifully remodeled and fully rehabilitated, this completely energy efficient, green home offers a whole new kitchen (counters flooring, cabinets & appliances), new wood & tile flooring throughout, new windows & doors, new bathrooms (counters, flooring, vanity), a new tankless water heater, new roof and plumbing and all new landscaping. 

Minutes 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 looking for their first home.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 than $1,500 a month, eligible buyers can own this wonderful home.  Consequently, comparable rentals for this area are going for around $2,100 a month.

 

No more having to overbid for some dump just so you can get your offer accepted.  No more worrying about whether or not it will appraise for value and what repairs are going to be required.  No more having to get pre-approved with the REO bank just to be able to make an offer.  No more worrying about how much more money you are going to need to spend after the close of escrow just to make the house habitable.

 

 

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 also attend and complete an eight (8) hour homebuyer education class.  
  • A minimum of 1% of the purchase price is required as down payment.  The one percent (1%) must come from the borrower's own funds.  
  • Eligible buyers must meet NSP maximum income guidelines limits. 

 

 

 

Today's real estate market and lending environment 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.

 

 

 

For more info on this property or how you can qualify for NSP down payment assistance to purchase this wonderful home, contact me, Donne Knudsen of Cal State Realty Services  at 805.2069123 or dknudsen@calstaterealty.com.  If you have any questions and/or concerns, please feel free to contact me.  That's what I'm here for and I would love to be able to assist with real estate and mortgage needs. 

 

Photos courtesy of: LAHD NSP   Hansen Dam 

Posted by

 

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

 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 (7)

Jill Sackler
Charles Rutenberg Realty Inc. 516-575-7500 - Long Beach, NY
LI South Shore Real Estate - Broker Associate

Funny, I was just thinking about you. Congrats on the listing.

Jul 29, 2012 01:06 PM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Donne -- nice to "see" you again.   Congratulations on the new listing.   This home appears to be a great opportunity for a renter to become a homeowner.   

Jul 29, 2012 02:07 PM
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

We missed you Donne.  Congrats on your listing.  Move in ready is a great selling point and it looks like a great location.

Jul 29, 2012 08:17 PM
Carol Faaland-Kronmaier
Weichert, Realtors; Hillsborough - Hillsborough, NJ
PhD, e-PRO, Manville, Hillsborough, Somerset NJ

Donne, Good luck on this great looking listing with the added benefit of allowing mortgage down payment assistance.  Nice to see you again also!

Jul 29, 2012 09:45 PM
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

As I live and breathe ... it's Donne!!  Welcome back!!  Missed you!  And you come roaring back with a great listing utilizing a great program for purchase too.  Lucky us ... lucky new buyers.  Hope this is just the start of seeing you back here on AR in the saddle, Donne!   Keep 'em coming!

Gene

Jul 30, 2012 02:09 AM
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

Seems like a nice place Donne!  Good luck with it.

Jul 30, 2012 08:45 AM
Marie Graham
Owner, The Refreshed Home White Plains NY - White Plains, NY
Westchester County Interior Decorator, Home Stager

Donne!  Echoing all of the above. Good to see you and read you! You put the same passion and attention to detail in, and I KNOW it will come back to you...congrats on it all! CHEERS, Marie

Aug 01, 2012 08:24 AM