Andy Cleaves, Broker-Owner, GRI, e-PRO
The Andy Cleaves Group
California Premier Properties
5055 Canyon Crest Drive Suite 204
Riverside, CA 92507
951.683.6800 Office
951-544-0909 Cell
888.202.5524 Fax
www.andycleaves.com
andy@andycleaves.com
DRE Lic # 01383386
11520 Orange Grove Loma Linda
My buyer agent Willie there 12-3
Andy Cleaves, Broker-Owner, GRI, e-PRO
The Andy Cleaves Group
California Premier Properties
5055 Canyon Crest Drive Suite 204
Riverside, CA 92507
951.683.6800 Office
951-544-0909 Cell
888.202.5524 Fax
www.andycleaves.com
andy@andycleaves.com
DRE Lic # 01383386
Andy Cleaves, Broker-Owner, GRI, e-PRO
California Premier Properties, Inc.
5055 Canyon Crest Drive Suite 204
Riverside, CA 92507
951.683.6800 Office
951-544-0909 Cell
888.202.5524 Fax
DRE Lic # 01383386
Follow me on: Facebook & Twitter
Click Here to find out how much your home is worth
Click here to find your next home
See at:
Andy Cleaves, Broker-Owner, GRI, e-PRO
California Premier Properties, Inc.
5055 Canyon Crest Drive Suite 204
Riverside, CA 92507
951.683.6800 Office
951-544-0909 Cell
888.202.5524 Fax
DRE Lic # 01383386
Follow me on: Facebook & Twitter
Click Here to find out how much your home is worth
Click here to find your next home
There are 2 types of agents today, those that understand the complexities of this market and those that don’t. If you know someone that’s upside down, someone who has questions or someone that just needs sound advice, I want you to know I am here for all the people you know. Please do not post anything here. Instead send me a private email.
Andy Cleaves, Broker-Owner, GRI, e-PRO
California Premier Properties, Inc.
5055 Canyon Crest Drive Suite 204
Riverside, CA 92507
951.683.6800 Office
951-544-0909 Cell
888.202.5524 Fax
DRE Lic # 01383386
Follow me on: Facebook & Twitter
Click Here to find out how much your home is worth
Click here to find your next home
You won't beleive the price!!! Let me know if there is interest
FHA has announced that they are going to be making some changes to their lending policies in the coming months. Here is a brief explanation of what they are and how they will effect you as a home buyer using FHA financing.
1. Increased mortgage insurance. The mortgage insurance premium (referred to as private mortgage insurance by many people) will be increased from 1.75% to 2.25%. This change will add some cost to purchasing a home, but will not overburden consumers since the mortgage insurance is paid over the life of the loan, rather than upfront at closing. This can be rolled into the loan amount so it does not increase the out of pocket amount to the borrower.
2. New down payment and credit score requirements. According to the new policy, homebuyers who have a credit score of at least 580 may still be able to purchase a home with 3.5% down, but those with credit scores of less than 580 will be required to put down at least 10%. This change is designed to help the FHA balance its risk, while still providing affordable down payments for consumers with a history of good credit and responsibility.
3. Reduced seller concession. Basically, this change means that the person selling the home will now only be able to offer the homebuyer 3% to help defray closing costs, as opposed to 6% under the previous policy.
In addition to these changes, the new policies contain a series of new measures aimed at increasing lender enforcement.
These changes will become effective on April 5, 2010. The bottom line is that the changes will impact some homebuyers more than others. But in the end, FHA is still committed to providing affordable home loans and is still a great solution for the right buyer.
(Thanks Danielle Daniels)
Andy Cleaves, Broker-Owner, GRI
California Premier Properties, Inc.
5055 Canyon Crest Drive Suite 204
Riverside, CA 92507
951.683.6800 Office
951-544-0909 Cell
888.202.5524 Fax
DRE Lic # 01383386
Follow me on: Facebook & Twitter
Click Here to find out how much your home is worth
Click here to find your next home
Love SoCal!
Andy Cleaves, Broker-Owner, GRI
California Premier Properties, Inc.
5055 Canyon Crest Drive Suite 204
Riverside, CA 92507
951.683.6800 Office
951-544-0909 Cell
888.202.5524 Fax
DRE Lic # 01383386
Follow me on: Facebook & Twitter
Click Here to find out how much your home is worth
Click here to find your next home
CHERRY VALLEY CUSTOM BUILT ESTATE HOME FOR SALE FEATURING 4 BEDROOM 2.5 BATHS HOME, LIVING ROOM WITH CROWN MOLDING, FIREPLACE, LARGE BAY WINDOW WITH SEAT, CARPET WITH WOOD TRIM, DINNING ROOM HAS FRENCH DOORS, WOOD FLOOR, KITCHEN HAS MANY OAK CABINETS, WOOD FLOOR, STAINLESS STEEL DISHWASHER/STOVE, BLACK TRASH COMPACTOR/REFRIGERATOR AND EATING AREA, FAMILY ROOM HAS WOOD FLOOR, FIREPLACE, GRANITE WET BAR, CROWN MOLDING, THREE FRENCH DOORS, MASTER BEDROOM HAS FIREPLACE, WET BAR, FRENCH DOORS GOING OUT TO SCREEN IN PATIO...GREAT VIEW OF THE VALLEY, DOUBLE SINKS, CARPET IN BEDROOM AND TILE IN BATHROOM, VERY LARGE WALK-IN CEDAR CLOSET, OAK CABINETS, THE OTHER THREE UPSTAIRS BEDROOMS HAS CARPET, CROWN MOLDING, MIRROR CLOSET DOORS. WANT MORE??? SATELLITE CONTROLLED SPRINKLER SYSTEM, CENTRAL MUSIC SYSTEM, WATER SOFTENER, GREAT STORAGE IN ATTIC, ALARM SYSTEM. ALSO TWO PATIOS, UPPER COVERED PATIO HAS A WITH STOVE AND OVEN, LOWER COVERED PATIO HAS A SPA. THIS IS A MUST SEE ESTATE.
