Featured Properties
Newer home priced to sell In Reedley. Open floor plan. Features spacious kitchen with center island, tile floors in kitchen and dining area, white appliances, living room with fireplace. 4 bedrooms, 2 bath. Large master suite with walk in closet and bathroom has double sinks, soaking tub and separate shower. Indoor laundry room. Corner lot.HUD Home $152,000 MLS#391664 Call (559)284-6806
OPEN HOUSE: May 5th 1-4pm 329 Stanley Ave. Reedley
Featured Listings
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Lemoore, CA 93245
$152,500
MLS #391613
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Hanford, CA 93230
$125,000
MLS #391480
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Dinuba, CA 93618
$108,000
MLS #386390
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Fresno, CA 93720
$129,900
MLS #390575
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Valley HUD Homes
Who Can Buy a HUD Home?
Almost anyone! If you have the cash or can qualify for a loan (subject to certain restrictions) you may buy a HUD Home. HUD Homes are initially offered to owner-occupant purchasers (people who are buying the home as their primary residence). Following the priority period for owner occupants, unsold properties are available to all buyers, including investors.
http://www.hudhomestore.com/HudHome/Index.aspx
HUD Home available NOW! 4273 N. Durango Ave. Fresno, 93722, 3 bedroom, 2 bath, 1545 sq.ft. Let our HUD Home agents help you buy this HUD Home or any other on HUD Home Store. Call: 284-6806.
First Time Home Buyer
Prospective homebuyers have several decisions to make before becoming homeowners, including where to live, what type of home to buy and how to finance the purchase with a first mortgage.
One of the first steps every renter should take, even before looking at property, is to consult with a reputable lender. A lender will tell you how much you can borrow based on your income, your assets and your debt-to-income ratio (monthly obligations compared to monthly gross income). Prospective buyers should also consider their own personal spending plan to determine an appropriate housing payment.
While most lenders will approve a mortgage that consumes a maximum of 31 percent of your monthly gross income, homeowners may want to spend less depending on their other current or projected expenses. For example, if you plan to have children and want one parent to reduce working hours, you will be better off with a mortgage payment that you can comfortably cover on a reduced income.A lender will review your credit score as well as document your income and assets. Most often, it takes a credit score of 720 or higher to qualify for the lowest mortgage rates. Borrowers with a lower credit score will be charged a slightly higher interest rate, which will impact monthly payments. A mortgage calculator can show you the difference between payments at varying interest rates. Additional interest rate increases may be incurred for purchasing a particular property type such as a condominium.When comparing mortgage rates, make sure you know what your entire housing payment will be. In addition to paying principal and interest on your home loan, you will also need to pay property taxes, homeowners insurance and possibly homeowner or condominium association dues.Before qualifying for a first mortgage, borrowers will need to demonstrate their ability to save money for a down payment and closing costs as well as to pay their bills. (bankrate.com)
