Temecula Bank Owned Homes

With all of the affordable “Bank Owned Homes in Temecula“, it is great news that the City of Temecula is offering a “First Time Buyer Program”.  This Program will provide down payment assistance as a second loan to (qualified income) first time home buyers.

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The Program will be available to anyone who has not owned a home in the last three (3) years and meets the income qualification guidelines for annual income 

  • There is a minimum of three percent (3%) of the purchase price from their own funds and must accept the highest loan-to-value ratio first loan for which they qualify.

The loan is deferred for the first five (5) years, then fully amortized in years 6-30.

  • 5% Interest Rate

Anytime during the term of the loan you may be disqualified if you:

  • Do not occupy the property as your principal residence
  • Refinance with cash taken out

The RDA will provide a second loan of up to twenty percent (20%) of the purchase price (maximum $65,000) (the “RDA Assistance”).

The first loan must be a fully amortized, fixed rate, thirty year mortgage and the RDA Assistance will be in the form of a loan, repayment of which will be secured by a deed of trust recorded in second position to the first mortgage.

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8294008~ If you are thinking about purchasing or selling your home whether you are a “First Time Buyer”, or an “Investor”, who wants to work with a local area expert, contact us toll free.

  We proudly serve and sell Real Estate in Riverside County, California. We specialize as buyers agents in Temecula, Murrieta, Menifee, De Luz, Wine Country, Canyon Lake and the surrounding areas. We are also  “Custom Home”, listing agents for the Temecula Wine Country.

 

Temecula Bank Owned Homes – South Temecula

getmedia7South Temecula living is close to the 15 freeway, and less than an hour from the beach.  Many homes are now available and affordable.

Many of the developments here have the convenience of community swimming pools and club houses.

Click here to find great deals in South Temecula, that are currently available and affordably priced. 

This home is priced at only $219.000.  It is a newer home in Wolf Creek.

Close to Temecula’s Newest Award winning High School, “Great Oak High School”

For a personalized list of homes please contact me direct at my toll free telephone number, 866 621-0155.

 

 

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~ If you are thinking about purchasing or selling your home whether you are a “First Time Buyer”, or an “Investor”, who wants to work with a local area expert, contact us toll free.

  We proudly serve and sell Real Estate in Riverside County, California. We specialize as a buyers agents in Temecula, Murrieta, Menifee, De Luz, Wine Country, Canyon Lake and the surrounding areas. We are also  “Custom Home”, listing agents for the Temecula Wine Country.

 

Temecula New Homes

Take advantage of the, “New Home Purchase”, Tax Credit.  There are many great buys right now way below builder cost.

Ever heard the buy in “Phase One”, strategy?  This is the concept of purchasing in a brand new housing development in phase one so that you already have appreciation when they begin building phase two.

Prices of new homes are so low that it is now like purchasing for half of the cost of the original price of the home, in “Phase One”.

These new homes are selling really quickly now that spring in the air.  So take advantage of low prices, low interest rates now!

SEARCH BELOW FOR NEW HOMES IN RIVERSIDE COUNTY!

 

~ If you are thinking about purchasing or selling your home whether you are a “First Time Buyer”, or an “Investor”, who wants to work with a local area expert, contact us toll free.

  We proudly serve and sell Real Estate in Riverside County, California. We specialize as a buyers agents in Temecula, Murrieta, Menifee, De Luz, Wine Country, Canyon Lake and the surrounding areas. We are also  “Custom Home”, listing agents for the Temecula Wine Country.