This is the perfect market in San Clemente, Dana Point and all of Southern California for First Time FHA (Federal Housing Administration) homebuyers. Just a short time ago, a detached single family home in San Clemente or Dana Point was out of reach for FHA or VA buyers. New lending guidelines supported by the Federal Government, have made this a great time to buy your first home. FHA will insure loans in Orange County loan up to $729,000 until the end of 2008. With home inventory up, prices down and favorable lending, buyers are able to grab great deals.
TIP: You don't have to be a "first time buyer" to take advantage of these unique buying opportunities. Call me now to find out how!! Some "zero down" programs end OCTOBER 1st, 2008.
Some buyers get confused about FHA lending rules. Just keep in mind FHA only insures the loan. Only HUD/FHA approved lenders are allowed to offer these programs. Almost anyone can qualify for an FHA loan, even people who own a home now.
Many down payment assistance programs are still available, though many end October 1st, 2008. Call me today and find out how you can buy a home with as little as $500. Again, this program ends October 1st.
New higher FHA insured loans allow the FHA approved homebuyer to purchase larger more expensive homes in highly desirable areas. FHA insured loans are not available for the investor buyer, but many great options are still available. For more information on FHA insured loans to purchase a home in Orange or San Diego County, contact Sean Patrick Murphy at Blue Tide Realty.
Comments(0)