YES! You Can Buy A Home in the Greater Sacramento Area Home With Little to Zero Down Payment!
Buying a home with low to zero down is the easy part! It's finding a home that can be the difficult part in today's market. Our inventory's are at the lowest level since 2005! If you know anyone that has been thinking of selling, do them a favor and let them know that now is the time!
How can you purchase a home with little or zero down? There are a few ways...
CHDAP - California Home Buyer's Down Payment Assistance Program : This is a loan up to 3% of the purchase price that can be used for down payment assistance or for closing costs! It is a FHA loan so there is still 3.5% required down. All but 1% can come from this program, they do require that you have 1% of your own money down. This loan does not have to be paid back if you keep the home for the 30 years, if you refinance or you pay off the loan you will have to pay a low simple interest loan back to them. There are income restrictions so be sure to ask about them.
USDA : No, it's not just about beef! The United States Department of Agriculture has a program that offers a zero down, 100% financing in rural areas. In Sacramento County the areas of Galt and Wilton are included. In Placer County, you will find Lincoln, Sheridan, Auburn and several others. All of El Dorado county is covered. We do have a list of counties and areas that are covered that we can email you if you are interested. Or you can visit the USDA website to find out more information about the program and to see if you qualify.
VA : For our vets we do have the VA loan. This is a 100% financed loan, zero down. Couple that together with a seller credit for closing costs and it is possible to get into a home with NO MONEY down! Becasue this loan has no mortgage insurance it makes it one of the most affordable options. All veterans must qualify, the loan is not for all military veterans. You can visit the VA website for a very informative artilce to see what it takes to be eligible for a VA loan.
Gift Money : If you have a family member that loves you, they can gift you the required 3.5% down! :-)
If you have been thinking of buying a home, the time is now! Rates are at historic lows and home prices are still at the lowest they have been in years. Don't wait until it's too late. Why rent when you can probably own a home for less money a month than you pay in rent!
You can search for homes on the market and set up appointments on our website! Happy house hunting!
I Just Want To Look At Homes For Sale in Sacramento - Why So Many Different Status Types?
Buyers in the Sacramento Area have many questions when it comes to understanding the status of the listings in our market.
We have active, active short sale, active short sale contingent, pending release, pending, expired, expired pending, withdrawn cancellation and a few others! Here is a brief description of more common status types:
Active: This means that the listing is either a traditional seller or a bank owned sale.
Active Short Sale: This is a listing that the seller owes more on the home than they are selling it for and it will require the banks approval to let them sell the home and take the loss. How long will a short sale take? That is the question that I get all the time. There is no short answer to that. It really depends on many factors, the bank involved, how many loans there are, if there is mortgage insurance, does the listing agent know how to aggressively move toward the approval, etc. I have had short sales get approved within 24 hours and others have taken 4 months to get approved. I will say that most banks have really come around and are working cooperatively with agents and sellers to get these properties sold. The listings will stay at this status until an offer has been accepted by the seller and submitted to the bank for approval.
Active Short Sale Contingent: This is the status that the listing goes to once the seller has accepted an offer. In a traditional sale this would be a "pending" status but because the seller doesn't have the final say, it will stay as contingent until the bank approves the offer. Buyers can still look at properties that are contingent as a back up, but I always suggest seeing the active and active short sale listings first. If these properties loose their buyer they will come back on the market as an "Active Short Sale."
Active Pending Rescission: This usually means that the buyer that had been in contract is in the process of canceling and the property will be available once the official release has been obtained.
Pending: Once a listing is pending it will usually become a "sold" listing within 30-45 days.
Expired Pending: This means that the property is in pending status but the listing agreement between the seller and the listing agent has expired.
Withdrawn Cancellation: This means that the property is currently off the market and can not be shown.
You may have also noticed bold letters next to listings such as N or B. N means it's a new listing and B means the property was pending but is now back on the market.
Hope this helps. Good Luck and Happy House Hunting!
To view all listings on the market, no matter what the status! Visit my website!
An Unexpected Surprise!
After meeting with my first time home buyers and finding out what was important to them about buying their first home, we were ready to hit the road in search of their "perfect" home. Earlier this week I was showing properties to them when the unexpected happened....
We had looked at three houses, one of which looked very promising, it was a newer home with fruit trees, beautiful landscaping, granite counter-tops, a spacious loft, 3 bedrooms and ready to move into. It was a traditional seller which is a rare find in today's market. Then we moved on to a newer development and looked at a beautiful home there. Another top pick of the buyers. The development was in the final stages and there were still some brand new homes for sale. The community had several parks, bicycle trails and views of the snow capped Sierra Nevada mountains. It seemed like the perfect place to live in!
I suggested that we stop by the sales office and see what the brand new homes were selling for to compare them to the resale homes in the community. Well, today my buyers signed the paperwork and they will be home for Christmas!
This was something that they could not pass by, the developer threw in over $40,000 in upgrades including, front and back yard landscaping, new stainless steel appliances including the washer and dryer, window coverings and a $16,000 solar system. They also knocked off almost $50,000 off the builders original list price!! I tried to get the fancy patio and stone wall that the model home had in the backyard, but that was a no-go! Can't say I didn't try to squeeze a little more out of them! Oh, and NO HOA's and only $46 a month in mello-roos! WOW!
It is a great time to buy! If you have been sitting on the fence, GET OFF and lock in the low prices and the low low interest rates! If you want to take advantage of the last few homes for sale in this neighborhood which are all under $276,000, call me and I can fill you in on the details. AND, if you haven't owned a home in three years, there is even a zero down payment and zero closing cost plan that you don't have to pay for as long as you own the home for five years! (Certian rules and restrictions apply) You can move in for $0!!
Here is a picture that I snapped with my cell phone today. This is an amazing home.
Search now, for homes on the market in your area!
Citrus Heights, CA Back to School Already?
I remember growing up and dreading Labor Day weekend because it meant September was upon us and we were heading back to school. Now that I have my own child, I realized school years start sooner and sooner. Tomorrow, August 22nd is the first day of school here in Citrus Heights, CA in the San Juan Unified School District.
The morning will come and the streets will be filled with children, backpacks and lunchboxes. For those who have not yet seen the San Juan Unified school calendar here you go!
I have included the list of holidays, breaks and teacher work days. I also noticed that over the years the names of the vacations have unfortunately become more "politically" correct, I have included the old fashioned names!
School Sessions
August 22: First Day of School
June 11: Last Day of School - YEAH
Holidays & Breaks
September 5: Labor Day
November 11: Veteran's Day
November 21-25: Fall Break (Thanksgiving Vacation)
December 19-January 2: Winter Break (Christmas Vacation)
January 16: Martin Luther King Jr. Day
February 20 -24: Presidents' Days & Break
April 2-6: Spring Break (Easter Vacation)
May 28: Memorial Day
Non-Instructional Days
August 19: Teacher Work Day
November 10: Elementary Teacher Work Day
January 17: Secondary Teacher Work Day
Have a great 2011-2012 school year!
Photo courtsey of freedigitalphotos.net and nuttakit
I am the broker of one of the most innovative real estate offices in the greater Sacramento, CA area. I am a Certified Distressed Property Expert specializing in short sales.
In today's sophisticated and fast paced market it is important to find a REALTOR, and a company that stays "head and shoulders" above the rest. Debbie Baldes & Executive Properties are leaders in compelling, cutting-edge marketing strategies. We are committed and efficient real estate consultants working together systematically with an inspired team of professionals. We have an expert knowledge of the real estate and lending industries. It is our goal to create lasting, lifelong-relationships one person at a time! We have been serving the greater Sacramento areas for the past 6 amazing years!
Thanks for stopping by!
Debbie Baldes, Broker, ABR, CDPE, e-PRO, SFR
above brokerage assumes no responsibility nor guarantees the accuracy of this information and is not engaged in the practice of law nor gives legal advice.
Certified Distressed Property Expert: Because I am a CDPE agent I can offer you alternatives to foreclosure. Visit my website designed especially for those that owe more on their home than it's worth and don't know what to do. www.ShortSaleOurHouse.com
Residential Sales and Purchases: Our specialty is residential home sales and purchases in the Greater Sacramento areas. Some of the cities we have done business in are Roseville, Rocklin, Citrus Heights, Auburn, Orangevale, Elverta, Antelope, Folsom, Lincoln, Loomis, Fair Oaks, Sacramento, Natomas, Olivehurst, Wheatland, Sheridan and Marysville. We have even worked in the following areas: Stockton, Galt, Ceres, Modesto and the Bay area.
1st Time Home-buyers: I have extensive training in down payment assistance programs for first time home-buyers! Ask us how to get money for your down payment!
Relocation: Moving is stressful enough but moving to an unfamiliar area is all the more nerve-wracking. Let us show you around. Our relocation binders have maps, coupons, service providers, schools, colleges, churches, shopping malls, sports, arts, restaurants, local utility information and more!
Home Loans: Our in house mortgage company, Executive Mortgage, works with us to ensure a quick, smooth transaction. Executive Mortgage specializes in residential home loans by doing purchase and refinance loans. Visit: www.emmoney.com for more information!
CA DRE Lic #01413962
Wade & Ashley...
"Being a first time homebuyer, we were overwhelmed by such a daunting endeavor. But Debbie made buying our first home easy - she is so knowledgable about real estate and all the intricacies of purchasing a home. And she was there for us the whole way - even AFTER we moved in - she answered all our little questions about home ownership. Thanks Deb!"
Patrick & Amanda...
"Debbie was great to work with! She helped answer all of our many questions. She made a stressful situation less worrisome!"
Martin & Lily...
"It's been a pleasure working with Debbie. With her help, we were able to find a nice cozy home that was within our price range and it had all that we were looking for. She gave us plenty of advice and we did not feel any pressure!"
Deborah...
"If you have ever dreamt of home ownership, but were afraid you were unable to afford it, then you need to talk to the wonderful team of Barbara Van Duyn, Mortgage Planning Advisor from First Priority Financial and Debbie Baldes, Real Estate Broker from Executive Properties. I met Barbara in late September, 2008 and I told her I really wanted to know if I could afford to buy a home and the price range I wanted for a mortgage payment. She took all the paperwork needed to begin qualifying me for a loan, ran my credit, gave me advice on how to clear up any questions regarding my credit, gave me three possible scenario's of what my payments would look like if the house was purchased at the prices listed. Once Barbara got me pre-approved with a lender (October, 2008), she referred me to Debbie Baldes and told me to go shopping!!
What can I say about Debbie? Well, first of all, we share the same name with a slightly different spelling, but our nicknames are the same (Deb). I met her and she showed me two homes the first time we met. The following week she was on vacation, but when she came back, we hit the ground running. She showed me three or four homes with sheets on all the amenities each home offered. We put in bids on homes, but a few of them were short sales so we knew we would have to wait on the bank before we could proceed. Then the day before Halloween we went out and looked at about five homes. We put bids on three of them and one of them was my home!! I went out of town that weekend with my girls and we prayed that one of those homes would be mine. Before I knew it, I was signing all kinds of paperwork to purchase my very first home!!! Then on November 25, 2008, I became a first-time homebuyer! My dream had come true and the best part of all was that the house was bigger than I originally thought and it was appraised at a higher price than I paid for it before I ever walked in the door!! Debbie was the best Broker anyone could ever hope for. She worked hard for me to get the home I wanted. Then when I got the keys and walked in the door of my new home, there was a large basket on my kitchen counter full of things for my new house like paper towels, nails, tacks, tape measure, etc. It was so special and it was from Debbie and Barbara. Once you meet Debbie, you'll find out that she loves houses with "red" doors. Well my house has a white door, but I love it just the same! Maybe one day I'll paint it red, but I'll have to paint the whole house to compliment the red door! I had my housewarming on January 24th and the dynamic duo (Debbie & Barbara) both came and shared this wonderful day with me. They did everything to make sure the day was super special for me. I couldn't ask for more! They put "excellence" in customer service. So if you're in the market for a new home, take my advice, don't think twice, just pick up the phone and call the best group in Sacramento County, first Barbara Van Duyn to get pre-approved and then Debbie Baldes to find your home. It will be the best step you ever made towards purchasing the home of your dreams!!"
Join me at....
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2012 ActiveRain Corp. All Rights Reserved
