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Met an interesting guy at Homestead Mortgage in Jackson CA yesterday after doing a 203k inspection. He specializes in the Steamlined k whie I was doing a "full 203k" for Wells Fargo Home Mortgage - Jacob Warren. Jacob is one of the more knowledgeable renovation lenders in CA.
Lots of people say they do the 203k but not everyone can close them in a timely manner.
This home is a newer home that has been neglected and needs some TLC... no problem for the 203k loan program, why, then is it a "full 203k" and not a streamlined k? Simple due to the amount of work being just too close to that $35,000 threshold.
It is a falicy to thing it is really a $35,000 limit for "non structral repairs". The $35,000 also includes costs and fees. If you go over about $34,200 or if your lender requires a contingency reserve on a streamlined k you will find yourself in the middle of a "Full 203k" loan.
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Right now Jackson, CA. has 75 current residential Real Estate listings , with an average price of $ 282,330 down more than nineteen thousand dollars from February’s $ 301,723 average. In the last month 8 homes have sold but 17 have been newly listed. Jackson’s listings have been on the market for an average of 214 days. |
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Right now Jackson, CA. has 73 current residential Real Estate listings , with an average price of $ 301,723 up only a couple hundred dollars from February’s $ 301,509 average. In the last month 6 homes have sold but 14 have been newly listed. Jackson’s listings have been on the market for an average of 232 days. |
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In Jackson the price per square foot ranges from a low of $29.30/ sq.ft. for a manufactured home without land to $106.46 for the lowest price per square foot with land, on up to $715.91 for a special place with 135 acres. As you can see, this is yet another statistic that needs to be looked into on an individual basis. Please feeel free to contact me for details that fit your needs. Jackson has quite a spread of real estate. If you would like to talk about your specific real estate needs, please feel free to email me or drop me a line.
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