Irvine, CA

Turnkey Quail Hill Irvine Home for Sale

This lovely 2 bedroom, 2 bath Quail Hill Irvine home with an open floor plan awaits you.

It is conveniently located near shopping, restaurants and the 405 and is well priced.

If you would like to schedule a private showing, please contact Christine Donovan at 714-319-9751.

Lovely Quail Hill Home with Open Floor Plan

Overview Maps Photos Features Description Neighborhood Market Stats

$455,000 Condominium Main Features 2 Bedrooms 2 Bathrooms 1 Unit Interior: 1,468 sqft Location 398 Quail Ridge Irvine, CA 92603 USA To get updates on open home dates and other property events, please click the "Like" button below:

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Christine Donovan DRE 01267479 (714) 319-9751 christine@donovanblatt.com http://www.donovanblatt.com Listed by: Christine Donovan

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VA recently released the 2012 100% financing VA loan limits for southern California. Orange County, whose 2011 loan limit was $700,000, will drop down to $621,000. Based on a revised formula for calculating the loan limit, all "high cost" areas of the country experienced a drop in loan limits. Still, $621,000 will purchase a nice home in Orange County, especially considering this is the $0 down limit.

Jumbo VA Loan in Orange County

Just because the zero down loan limit for VA financing in Orange County is $621,000 does not mean that a Veteran cannot get a bigger loan on a more expensive home. A Jumbo VA loan occurs when an eligible VA borrower purchases a home for more than the 100% VA loan limit within the county. The VA borrower is required to have a down payment equal to at least 25% of the difference between the loan limit and the purchase price. For example, a Veteran buying a home in Irvine for $721,000 would need only a $25,000 down payment. The VA loan, not counting the VA Funding Fee, would be $696,000. ($721,000 purchase price - $621,000 loan limit = $100,000 difference. x 25% = $25,000 down payment. ) Not all lenders will fund a Jumbo VA loan. Many stay within the VA 100% limits, and some lenders outside of California are not comfortable with loans above $417,000. Consulting with a California VA Lender is important for those who are wanting to take advantage of their VA eligibility. With the VA limits remaining so high, upper income Veterans are rediscovering the VA loan program.

Advantages of the VA loan Program for Orange County Veterans

• No Down payment to $621,000 price
• Minimal down payment for prices above $621,000
• No Monthly Mortgage Insurance, as would be found on an FHA or Conventional loan with less than 20% down payment.
• Flexible Debt to Income ratio qualifying. While Conventional financing won't allow debt to income ratios above 45% (with less than 20% down), VA approvals are common with debt to income ratios above 50%.
• Flexible credit guidelines. Some California VA lenders will allow FICO scoring as low as 620.
• Low Fixed Rates, especially taking when compared to "high balance" loans over $417,000.
• Cashout refinances to 90%
• Rate and Term refinance to 100% to $621,000 in Orange and Los Angeles counties.

Find a Great VA Lender in Orange County, CA

Authored by Tim Storm, an Orange County, CA VA Mortgage Loan Officer MLO 223456– Please contact my office atAlpine Mortgage Planning for more information about an Orange County, CA Mortgage. 949-829-1846. www.OrangeCountyVALoans.com

Contact us for your Orange County VA Mortgage:

949-829-1846 | tstorm (at) ochomebuyerloans.com

As a possible sign of the times and home buyer demand, single level detached homes have continued to sell well at Irvine CA real estate.

161 Irvine CA single level homes have sold so far this year (as of 12/6/2011) - with average sold price of $701,730 - average time on market for these homes at 71 days.

8.5 percent of all 1,876 Irvine homes sold so far this year (average Irvine sold price of $640,936) have been single level detached.

162 Irvine single level homes sold during the same time during 2010 - with average sold price of $752,558 - average time on market of 72 days.

1,916 Irvine homes of all shapes and designs were sold during same time last year 2010 - with average sold price of $671,853.

Click here to see active link to Irvine single level detached homes now listed for sale.

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Contact us with your questions and for more information about single level homes and Irvine CA real estate.

Some of this information is from CRMLS, does not include that for new homes, is for resale of homes listed and sold by all agents and brokers.

Is the market is improving or at least stabilizing!? We provide the latest market updates regularly, as well as personal consultation of market direction…

The Irvine Closed Sales Report for NOVEMBER:

The Irvine Closed Sales Report for Homes Sold in the 0-$500,000 Range:

2011 68 listings closed escrow

2010 56 listings closed escrow

The Irvine Closed Sales Report for Homes Sold in the $500,000-$1,000,000 Range:

2011 57 listings closed escrow

2010 91 listings closed escrow

The Irvine Closed Sales Report for Homes Sold in the $1,000,000+Range:

2011 13 listings closed escrow

2010 20 listings closed escrow

*Does a sales report tell the whole story about market environment, consumer sentiment and the value of your home? Is it time to sell? Is it time to add a property to your investment portfolio? Is the market changing, and in which direction?

Lovely, turnkey Quail Hill Home for Sale

This lovely 2 bedroom, 2 bath Quail Hill Irvine home with an open floor plan awaits you.

The open floor plan is perfect for entertaining, and it makes the home feel even larger than the square footage would indicate. There is also a perfect patio area for barbecuing and enjoying the outdoors.

If you would like to schedule a private showing, please contact Christine Donovan at 714-319-9751.

Lovely Quail Hill Home with Open Floor Plan

Overview Maps Photos Features Description Neighborhood Market Stats

$455,000 Condominium Main Features 2 Bedrooms 2 Bathrooms 1 Unit Interior: 1,468 sqft Location 398 Quail Ridge Irvine, CA 92603 USA To get updates on open home dates and other property events, please click the "Like" button below:

---

Christine Donovan DRE 01267479 (714) 319-9751 christine@donovanblatt.com http://www.donovanblatt.com Listed by: Christine Donovan

Our recent listings Lovely Quail Hill Home with Open Floor Plan Lovely, Remodeled Turtle Rock Home Lovely Foothill Ranch TownHouse Remodeled San Clemente Home Lovely Standard Sale in Brea Subscribe to our listing feed

Nearby properties for sale