Port Hueneme, CA

Port Hueneme is just one of the wonderful beach communities here in Ventura County. Much of Port Hueneme is just minutes from some of the counties best beaches as well as the shopping and entertainment destinations of Channel Islands.

While the market here in Ventura County is still considered a distressed market, buyers in the Coastal Communities can still purchase great properties (minutes from the beaches) with only 3% down and still pay less for their mortgage than what it would cost them to rent the same property.

Right now, Fannie Mae REO's, which are called HomePath (HP) properties, are properties that were foreclosed by a lender where Fannie Mae was the investor.

Because Fannie Mae holds these liens, they can revise their own conventional guidelines in order to move these properties out of their inventory. As a result, there are some great benefits to purchasing one of these properties.

The HP guidelines aren't as stringent as most other loan programs (there are still some basic requirements). The HP loan program also doesn't require monthly mortgage insurance (MI) or an appraisal. The benefits of no appraisal or MI can eliminate some of the biggest challenges that can come up in an escrow transaction.

One of the best benefits is that HP only requires 3% down payment, which basically allows Fannie Mae to compete with FHA loan products. The HP down payment can also be from either the borrower's own funds or a gift from a relative. Here in Los Angeles & Ventura counties, there are literally hundreds of HP condos available that would be perfect for the first time buyer who wants to stop throwing their money away on rent and stop paying their landlords mortgage.

Like this wonderful 4bd/2ba PEARSON PARK home offers nearly 1,600 sq. ft. of living space on a more than 6,000 sq. ft. lot. This neat and clean and move-in ready home is just minutes away from Hollywood Beach, Oxnard Shores and Silver Strand as well as shopping and entertainment and the CBC Naval Base.

Right now, comparable rentals in this neighborhood are running approx $2,100-$2,400 a month. For approx $2,100 a month (PIT-no MI), you could own this home.

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 home buying 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 the HP program and how you can qualify to purchase this home, contact me, Donne Knudsen from C2 Financial Corp. at 805.2069123 or donne4loans@earthlink.net.

Photos courtesy of flickr: kenlundusnavymailmans

Friday Night Lights for Channel Islands High School, and Hueneme High School

Nothing says Back to School and Autumn better than you your local high school's football games. Not only are the games entertaining, it is where the kids can meet safely, booster clubs can raise money for their local athletics and the community can show their support.

You don't have to have a current high schooler to go out and support your local team. Try it! You might really enjoy it!

I have compiled the varsity schedules for these schools: Oxnard High School, Pacifica High School, Rio Mesa H.S, Camarillo H.S., Hueneme HS, Channel Islands HS, Ventura, Buena, and St. Bonaventure H.S.

If you are interested in learning more about Ventura County Real Estate and are looking for an Oxnard Real Estate Agent contact one that knows the score. Call me!

Schedule for Oxnard HS, Rio Mesa HS, Pacifica HS.

Schedule for Camarillo High School

Schedule for Ventura HS; Buena HS, St. Bonaventure HS

There are currently three properties available in this FHA approved, Port Hueneme complex that are eligible for down payment assistance. At the end of Surfside Dr. and only a block from the beach, this complex offers an indoor pool, spa, clubhouse, playground, workout room, fishing pier and garages for the larger units with covered carports for the smaller units.

For the young professional looking to get out on their own (and out of their parents home) or the young couple just starting out, for $1,725 a month (PITI+HOA), you can own this 3bd/2.5ba unit with nearly 1,300 sq. ft with its own private sundeck and a garage with a driveway. Close to shopping, restaurants, the pier, the marina and the CBC Naval Base, this property is by far, your best bang for your buck for a beach lifestyle in this wonderful seaside community.

The best part is that these units are eligible for CalHFA's FHA program as well as the down payment assistance program, CHDAP, too. CalHFA FHA offers a reduced interest rate for eligible homebuyers who meet the low-medium income limits (based on household size). The following are the current rates to eligible low-medium income applicants:

CHDAP provides down payment assistance in the form of a deferred payment second loan, commonly referred to as a "silent second" because you make no payments on the loan for as long as you hold the loan. The amount of the loan is up to the lesser of three percent (3%) of the purchase price or appraised value. Interest is calculated at 3.25% per annum simple interest and is not due until the loan is sold and/or refinanced.

Today's real estate market can be really scary, which is why it's important to get as much information as possible before starting your search. 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.

That's what I'm here for and I would love to be able to assist you in your search for an affordable home loan here in Ventura County. For more information, please feel free to contact me, Donne Knudsen, at 805.5278554 or donne4loans@earthlink.net.

The Guns vs Hoses is a fundraiser for the Oxnard and Port Hueneme Boys and Girls Clubs. Guns vs Hoses is a boxing match between the Ventura County Deputy Sheriff's Association ("Guns") and Ventura County Professional Firefighters Association ("Hoses") in an effort to raise money to benefit the Boys and Girls Clubs of Oxnard and Port Hueneme. Doors at the Oceanside Pavilion (575 E Surfside Dr, Port Hueneme) will open this Saturday, December 5, 2009, at 5pm, with the first round beginning at 6pm. There will be a total of 10 matches that consist of three one-minute rounds each between a "Gun" and a "Hose".

Tickets are $20 for general admission, $50 for reserved seating and $100 for VIP. To purchase tickets, please call the Ventura County Professional Firefighters Association at 484-8844 or the Ventura County Sheriff's Association at 639-9218. If you wish to become a sponsor of this event, please call Linda le Brock at 815-4959 ext 205 or email her at llebrock@bgcop.org. Please help support the Guns vs Hoses Fundraiser for Oxnard and Port Hueneme Boys and Girls Clubs however you are able. Thanks!

Dave and Pat Zumbrun, the Z Team for Ventura County Real Estate

11th Annual Celebration of the Toni Young
Hueneme Beach Festival
Sponsored by The City of Port Hueneme

August 22 & 23, 2009 11am-6pm

FREE Admission & FREE Parking!!!!

The festivities will be held at Hueneme Beach Park, located at 550 E. Surfside Dr., Port Hueneme, CA

60's
REVISITED BEACH PARTY!

·1960's Tribute Bands

·Cool tie-dye shirts

·Fun filled children's area

·rides, games and attractions

·Many tasty food booths

·Cool refreshing beverages

·Sponsors & community displays

•Exhibits and vendor booths

More info: http://www.huenemebeachfest.org/