Five Ways to Come Up with a Down Payment

Coming up with a hefty down payment can be intimidating, but with a little work and ingenuity you can do it. Here are a few ideas for coming up with the needed cash:

1. Down-Payment Assistance Programs
Many states offer down-payment assistance programs. You must go through an application process and qualify based on income and credit, but if you do qualify, these programs are amazing. Typically you will receive a grant for the amount of your down payment; it’s basically free money from the government to encourage responsible citizens to buy their first home.

2. Try to Qualify for an FHA Loan
If you qualify, an FHA loan can make first-time home ownership much easier. FHA-backed loans typically offer more manageable down payments (as little as 3.5 percent compared to the 10-30 percent required for conventional home loans). These loans are subject to credit requirements but sometimes less stringent ones than other loans.

3. Help from Family
If your parents or other relatives are in a financial position to help you purchase your first home, they may be happy to do so. Approach the conversation with a gracious and humble mind frame and don’t expect a specific outcome. Emphasize that you are ready to become a homeowner and begin solidifying your financial future, but that you don’t have enough cash on hand for a down payment.

Perhaps you are planning to get married in the near future. Instead of asking your parents to help you pay for the wedding, ask for help with a down payment—a smaller, more modest wedding may be well worth becoming a homeowner. As long as the gift is less than $13,000 (or $26,000 for a couple), you shouldn’t have to pay income taxes on it, either.

4. Boost Your Income
Instead of looking at your current income and thinking that saving a chunk of money is impossible, ask yourself how you can earn more money. Options include freelancing on the side or getting a job on the weekends working retail or at a restaurant. No matter how you choose to boost your income, the main goal is to continue living on your old income while putting away any extra money.

5. Borrow from Your IRA
While taking out a loan from your retirement account is generally frowned upon and penalized with taxes and early-withdrawal fees, one exception is borrowing from your IRA specifically for a down payment on a house. If you qualify, you can borrow up to $10,000 penalty-free toward a real estate purchase.

Are you thinking about purchasing a home and looking for advice on where to start? Give me a call at (626) 252-0839,  we will sit down and draft out a plan for your specific situation, whether it be buying something this month or 6-12 months down the line, its important to have knowledge and tools available to you. Let me help! 

Are you wondering what your home would sell for in today’s market? Click HERE for a free estimate! 

For a more in depth consultation please contact us directly at (626) 252-0839

Bargain Hunters HUD REO List for 04/26/16

Here is this week’s list of available Bargain Priced HUD Homes! Take a minute to browse this list of available What are you waiting for?bargain HUD Homes, Available HUD homes in California and other states. 

For Information on these and other available HUD homes please visit: www.HUDHomestore.com or Contact me:

Direct: (626) 252-0839 Email: Yesenia@NewCenturyBroker.com

Click to get the PDF Download:  Aged Inventory 4-26-16

2016-04-27 10_46_11-Aged Inventory 4-26-16

For Information on these and other available HUD homes please visit:

http://www.HUDHomestore.com

or Contact me:

Direct: (626) 252-0839 Email: Yesenia@NewCenturyBroker.com

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How’s the Market??? Snapshot for March 2016- Real Estate Market Trends

Here is this month’s How’s the Market??? Snapshot. If you saw last month’s Snapshot you will notice that our local real estate trends show median prices are still creeping up, its just taking a little longer for homes to sell! If Hows the market imageyou would like more detailed information about how much your home is now worth after the Real Estate Crash, send me an email, text, or call me. I’ll be more than happy to provide you with a Free, no obligation report of what its worth and things you can do to improve the value of your home.

I hope you will find the following snapshot of local Real Estate inventory interesting. The table represents aggregated values based on MLS data for the specified date.

Housing Inventory Snapshot March 31, 2016
Average List Price 30 Days Trend Median List Price 30 Days Trend Average DOM: active 30 Days Trend Number of Listings
Los Angeles County, CA
Single Family under $1M $577,104 4.57% $559,000 5.67% 65 -7 7002
Single Family over $1M $3,601,488 -0.92% $2,095,000 0.29% 87 -7 4791
Condo/Townhome under $600K $390,169 0.84% $389,000 0.26% 61 -3 1849
Condo/Townhome over $600K $1,277,128 -0.52% $899,000 0.01% 61 -3 1294
Riverside County, CA
Single Family under $500K $334,726 1.41% $339,000 1.50% 82 -3 5718
Single Family over $500K $1,594,716 0.22% $930,000 1.09% 102 -5 5765
Condo/Townhome under $300K $205,773 -0.39% $212,000 -1.17% 117 9 1233
Condo/Townhome over $300K $569,457 5.95% $469,000 4.45% 93 3 1411
San Bernardino County, CA
Single Family under $500K $290,247 1.31% $288,000 2.86% 93 -5 4314
Single Family over $500K $1,772,663 -0.24% $988,800 2.47% 96 -11 3420
Condo/Townhome under $300K $205,067 2.97% $225,000 4.65% 75 -7 228
Condo/Townhome over $300K $696,569 7.37% $599,000 9.01% 44 -3 622
Orange County, CA
Single Family under $1M $755,087 3.26% $749,000 3.47% 61 -7 4133
Single Family over $1M $3,562,601 -2.19% $2,288,000 -0.31% 97 -12 2555
Condo/Townhome under $600K $406,851 0.48% $412,000 0.49% 57 -3 1271
Condo/Townhome over $600K $1,034,862 -3.03% $848,500 2.86% 56 -3 810
If you know someone who is considering buying or selling a home, please give me a call. I will provide professional & courteous service along with knowledgeable guidance through the process.
Sincerely,
Yesenia E. Ruvalcaba-Garcia, Broker
Realtor®/HUD REO & Listing Specialist
Direct (626) 252-0839
Office (626) 917-6200 ext. 14
Cell Phone (626) 252-0839
Fax (626) 209-8318
CalBRE License Number: 01293970
yeseniaruvalcaba@aol.com
newcenturybroker.com
New Century Realtors

Bargain Hunters HUD REO List for 03/29/16

Here is this week’s list of available Bargain Priced HUD Homes! Take a minute to browse this list of available What are you waiting for?bargain HUD Homes, Available HUD homes in California and other states. 

For Information on these and other available HUD homes please visit: www.HUDHomestore.com or Contact me:

Direct: (626) 252-0839 Email: Yesenia@NewCenturyBroker.com

Click to get the PDF Download:      HUD Homes Aged Inventory

 

Bargain Hunters HUD REO LIST

 

13013 Paseo Verde, Whittier, CA is For Sale in Whittier CA

13013 Paseo Verde, Whittier, CA

OPEN HOUSE
December 05, Saturday 11:00 AM – 2:00 PM

$ Click for current price
3 BEDROOMS | 2 (1 full, 1 half ) BATHROOMS | 1376 SQUARE FEET

HUD Home! Step into this beautiful Whitter town home located in the Whittier Woods Community. This home boasts a large living room, downstairs guest bathroom, formal dining room that opens to the spacious kitchen, downstairs laundry room, 3 large bedrooms upstairs and an upstairs bath that has both a tub/shower combo AND separate shower for those that don’t like tubs! You’ll also enjoy the privacy of your very own back yard patio perfect for outdoor BBQs and entertaining. You must see it to appreciate all it has to offer. This is the perfect opportunity for you to begin the New Year in a new home!



All information deemed reliable but not guaranteed. Not intended as a solicitation if you are currently working with a Broker.

Bargain Hunters HUD REO List for 11/03/15

Here is this week’s list of available Bargain Priced HUD Homes! Take a minute to browse this list of available What are you waiting for?bargain HUD Homes, Available HUD homes in California and other states. 

For Information on these and other available HUD homes please visit:

www.HUDHomestore.com

or Contact me:

Direct: (626) 252-0839 Email: Yesenia@NewCenturyBroker.com

PDF Download: HUD Homes Aged Inventory

 

Bargain Hunters HUD REO LIST

11/03//2015
FHA Case # Address City ST Approx.
Sq. Footage
Bed Ba Insurability List Price
023-432557 26410 YELLOWBIRD RD BOUSE AZ 1392 3 2 IE $76,756
023-305942 2841 S WALNUT DRIVE CAMP VERDE AZ 2144 4 3 IN $163,116
022-187237 10010 N SOONER LN MARANA AZ 2651 3 2 IE $97,704
023-194603 3555 WEST ROCKY ROAD PAULDEN AZ 1456 4 2 UI $93,150
022-209550 496 N SHADOW MOUNTAIN CT PEARCE AZ 1044 2 2 IN $49,091
043-737525 19359 SPRING GULCH RD ANDERSON CA 1485 3 2 IE $156,584
042-798851 7515 ZENO RD LAKEPORT CA 1440 3 2 UI $160,816
043-921424 1144 BELTLINE RD REDDING CA 987 2 1 IE $129,536
045-732004 4125 W NICHOLAS AVE VISALIA CA 2482 3 2 IE $240,120
262-134811 332 TAYLOR ST ALPENA MI 1728 4 2 IE $19,840
262-181741 603 N LINN ST BAY CITY MI 1664 4 1 IE $33,600
262-172226 708 S GRANT ST BAY CITY MI 1421 4 1 UI $29,640
262-134368 207 CHANDLER ST FLINT MI 1374 3 2 UK $18,880
262-129026 2237 HOFF STREET FLINT MI 840 2 1 UI $3,536
263-508454 129 CAMPBELL ROAD IRON RIVER MI 894 2 1 UK $13,200
262-182767 505 E GRAND RIVER RD LAINGSBURG MI 1239 3 2 IE $35,000
263-481016 215 BUTLER ST LESLIE MI 1603 3 2 UK $37,440
263-312288 226 W DIBBLE ST MARCELLUS MI 946 3 1 IE $23,100
263-444935 10662 MARION AVE MECOSTA MI 1104 2 1 IE $34,300
262-169851 1900 ISABELLA ST MIDLAND MI 1940 3 1 IE $46,080
262-156125 3210 DAWN DR MIDLAND MI 794 2 1 IE $41,800
263-399069 510 W VICTORY WAY NEWBERRY MI 768 2 1 IE $21,660
263-384281 5582 LARAWAY DR PULLMAN MI 2052 4 2 IN $33,600
262-184161 1449 JOSEPH ST SAGINAW MI 1040 3 1 IE $42,700
262-172888 3719 STATE ST SAGINAW MI 1335 3 2 IE $25,600
262-168759 1200 THURMAN STREET SAGINAW MI 1848 4 2 IE $32,000
262-158722 202 S ELM ST SAGINAW MI 1224 3 1 IE $21,280
262-147236 1320 PLEASANT ST SAGINAW MI 1664 4 2 IE $22,400
262-139771 600-602 S PORTER ST SAGINAW MI 2072 4 2 IE $12,960
261-828864 8835 ROSELLA ST TAYLOR MI 1334 3 2 UI $41,800
264-051303 406 EAST ERIE RD TEMPERANCE MI 1904 3 2 IE $147,000
261-910898 4811 FILER ST WATERFORD MI 624 2 1 IE $32,000
261-958181 206 ARTHUR ST YALE MI 1364 3 1 IE $31,360
431-480084 110 ROSEWOOD LN CENTRAL POINT OR 3456 4 3 IE $309,825
431-489197 57434 PINE RD CHRISTMAS VALLEY OR 745 2 1 IN $57,000
431-452975 1162 LONGVIEW DR ELKTON OR 1836 4 2 UI $141,588
431-404568 6554 HIGHWAY 238 JACKSONVILLE OR 1456 3 2 UI $129,600
431-435235 4539 BRISTOL AVE KLAMATH FALLS OR 1206 3 1 IE $81,972
431-448288 4451 BARTLETT AVE KLAMATH FALLS OR 1948 3 2 IE $88,290
431-422409 760 N WAHANNA RD SEASIDE OR 1492 3 2 UI $62,726
431-565463 1245 7TH AVENUE SEASIDE OR 1419 3 2 UI $101,059
431-352148 41 NE DARRELL AVENUE WINSTON OR 924 3 2 IN $38,691
561-855795 5619 ALDER GLEN RD ABERDEEN WA 1560 4 2 IE $100,602
561-844103 10404 190TH AVE E BONNEY LAKE WA 1296 3 2 IE $109,350
561-915526 22509 SE MAY VALLEY ROAD ISSAQUAH WA 1560 3 2 UK $230,850
562-236276 1196 MISSION RIDGE WAY KETTLE FALLS WA 1782 3 2 IE $89,100
562-224664 308 E 8TH ST LIND WA 1387 3 2 UI $25,661
561-880312 8196 MAPLE AVE LYMAN WA 1782 4 2 IE $96,228
561-925943 1316 BEACH AVE UNIT A MARYSVILLE WA 1342 2 3 IE $173,512
562-190500 102 SOUTH PARK AVENUE MESA WA 1648 3 2 IN $113,400
561-818283 18540 STATE ROUTE 9 MOUNT VERNON WA 1232 3 2 UK $115,182
562-206976 282 WILLYS WAY NEWPORT WA 912 2 1 UK $91,929
562-237966 102 S FOURTH STREET OAKESDALE WA 1149 3 1 IE $34,020
561-945075 910 DOGWOOD ST OROVILLE WA 1310 2 2 IN $69,255
562-228901 420 E SPOKANE AVENUE REARDAN WA 1544 3 2 UK $206,181
561-889094 280 DUNGENESS MEADOWS SEQUIM WA 864 2 1 UK $103,680
562-241507 711 W ALICE AVE SPOKANE WA 1750 5 2 IE $89,424
562-242926 2723 E 4TH AVE SPOKANE WA 792 2 1 IN $111,780
562-220228 619 S MCKINNON RD SPOKANE VALLEY WA 748 2 1 UK $52,561
561-940811 2906 S WILEY ROAD YAKIMA WA 2021 5 3 UI $89,667

For Information on these and other available HUD homes please visit:

http://www.HUDHomestore.com

or Contact me:

Direct: (626) 252-0839 Email: Yesenia@NewCenturyBroker.com

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Bargain Hunters HUD REO List for 10/20/15

Here is this week’s list of available Bargain Priced HUD Homes! Take a minute to browse this list of available What are you waiting for?bargain HUD Homes, Available HUD homes in California and other states. I’ve never seen so many available California HUD listings! Take a Look! Some of these homes are located in Los Angeles County CA, San Bernardino County CA, Riverside County CA!

For Information on these and other available HUD homes please visit:

www.HUDHomestore.com

or Contact me:

Direct: (626) 252-0839 Email: Yesenia@NewCenturyBroker.com

PDF Download: Aged Inventory 10-20-15

Bargain Hunters HUD REO LIST

10/20/2015                
FHA Case # Address City ST Approx.
SqFt
Bed Ba Insurability List Price
043-754436 4050 ZUMI COURT IONE CA 1323 3 2 IE 136620
045-657136 17509 PARKCLIFFE LN FRIANT CA 1350 2 2 IE 102838
042-798851 7515 ZENO RD LAKEPORT CA 1440 3 2 UI 160816
043-737525 19359 SPRING GULCH RD ANDERSON CA 1485 3 2 IE 170200
043-826649 10667 VAN STRALEN WAY RANCHO CORDOVA CA 918 3 1 UK 168360
043-728950 2638 TREMONTO RD ANDERSON CA 1407 2 1 UK 96600
043-916791 334 THIRD ST YREKA CA 2056 4 3 IE 227000
045-660023 10023 ENGER STREET BAKERSFIELD CA 1200 3 1.5 IE 155480
043-921424 1144 BELTLINE RD REDDING CA 987 2 1 IE 129536
045-649865 5812 DORSET DR BAKERSFIELD CA 1879 3 2 IE 177650
045-732004 4125 W NICHOLAS AVE VISALIA CA 2482 3 2 IE 240120
045-767062 6648 WEST ALAMOS AVE FRESNO CA 1954 4 2 IE 220800
043-730912 2624 ZUIDER ZEE CIR ELVERTA CA 1080 3 2 IE 174800
043-828097 401 ARCHER AVE ALTURAS CA 1152 3 2 UI 45000
048-547078 5658 CAHUILLA AVE TWENTYNINE PALMS CA 1108 2 2 IE 66019
045-600788 21811 SAGUARO ST CALIFORNIA CITY CA 1234 3 2 UI 22080
045-682072 6661 ROAD 260 DUCOR CA 2193 3 2 IE 142600
048-494307 34496 PUMPKIN PATCH WILDOMAR CA 2052 2 2 UI 195960
048-486771 1374 E 6TH ST ONTARIO CA 1032 3 1.1 IE 305000
043-890162 3404 WALNUT AVE CARMICHAEL CA 1423 3 2 UK 232750
045-653891 1816 SILVERWOOD AVE MODESTO CA 1148 3 2 IE 170200
043-756512 2559 LEXINGTON ST SACRAMENTO CA 1499 4 2.5 IE 172040
048-697436 24999 FIENO COURT CRESTLINE CA 1612 3 2 IN 208560
045-698747 4551 EAST CORTLAND AVE FRESNO CA 1455 2 2 IE 143520
045-778307 34750 WILSON ROAD AUBERRY CA 799 2 1 IE 84640
043-917929 8344 ALEXA CT STOCKTON CA 1828 4 2 IE 221350
043-843520 1011 SUNRISE WY YREKA CA 1167 3 2 IN 143000
043-897656 201 N 9TH ST MONTAGUE CA 1199 2 1 IE 103000
045-638466 20792 CHANEY DRIVE RICHGROVE CA 1560 4 2 IE 138000
048-412154 47825 LEE TRAIL AGUANGA CA 1512 3 2 IE 173880
043-708889 15172 STAGECOACH RD CORNING CA 1746 3 2 IE 54000
048-036691 9931 BRACEO STREET OAK HILLS CA 1152 3 2 IE 100280
048-496080 1164 PINK DAWN COURT HEMET CA 2577 4 3.5 IE 224200
043-743756 3461 TOMAHAWK TRL SHASTA LAKE CA 1836 4 2 IE 140000
048-466932 110 VALLEY RD BISHOP CA 1580 3 2 UI 157500
043-752280 177 MOUNTAINVIEW PKWY SUSANVILLE CA 1456 3 2 IN 100000
048-447671 71680 POLE LINE RD TWENTYNINE PALMS CA 960 1 1 IE 46800
197-420999 3015 ISLE WAY UNIT A OXNARD CA 756 2 1.5 IE 210000
197-365624 1912 THISTLE AVENUE PALMDALE CA 1698 4 2.5 IE 212000
044-424641 1192 VIA SANTA PAULO VISTA CA 1432 2 2 IN 255000
044-420926 660 VIA SANTA PAULO VISTA CA 1440 3 2 IE 234600
048-421848 1905 W OAKLAND AVE HEMET CA 870 2 2 IE 80960
043-755136 736 DABNEY AVENUE RIO LINDA CA 1718 3 2 IE 205000
042-856464 2271 ORIOLE LN WILLITS CA 1040 2 1 IE 163000
043-736394 10824 BALLANTRAE WAY RANCHO CORDOVA CA 1365 3 2 IE 210000
046-576360 641 ELM DR BARSTOW CA 1148 3 2 IE 85000
048-445442 898 CASTLE LN BIG BEAR CITY CA 456 1 1 UI 75000
048-639105 82627 29 PALMS HWY TWENTYNINE PALMS CA 1200 2 1 IE 45000
045-649857 313 S SOL CT VISALIA CA 1757 4 2.1 IE 205000
045-707196 6215 BAGUETTE AVE BAKERSFIELD CA 2050 4 2 IE 240000
043-701522 4743 SCIARONI RD GRIZZLY FLATS CA 1716 3 2 IE 185000
043-787558 4376 GIBRALTAR STREET SACRAMENTO CA 1618 3 2.5 IE 255000
048-476762 28974 MOLSON CT MORENO VALLEY CA 3696 5 3 IN 395000
048-475718 5960 PARKSIDE DRIVE HEMET CA 2977 5 3 IE 270000
043-729166 17933 LATIGO WAY SHASTA LAKE CA 1673 3 2 IE 155000
048-464915 1331 CROWN IMPERIAL LANE BEAUMONT CA 2439 4 3 IN 270000
043-730250 1133 SPRUCE TREE CIRCLE SACRAMENTO CA 1129 2 2 IE 237000
045-641686 21752 MESQUITE ST CALIFORNIA CITY CA 1350 3 2 IE 49500
043-722679 1954 BRISTOL AVENUE STOCKTON CA 1072 2 1 UK 120000
045-814515 4213 GLENCANNON STREET BAKERSFIELD CA 2032 4 3 IE 200000
045-748043 1706 FORNAX CT BAKERSFIELD CA 1038 3 2 IE 158000
043-793951 1224 CAMPHOR DRIVE WOODLAND CA 1145 3 2 IE 250000
043-766896 14 PARDEE LANE STOCKTON CA 1552 2 2 IE 180000
043-791239 4090 MEANDER DR REDDING CA 1512 3 2.5 IE 210000
048-455071 26811 WILDERNESS DR WINCHESTER CA 2205 4 3 IN 242000
043-771840 77 DALE AVE RED BLUFF CA 1150 3 2 IE 80000
043-782265 1527 W ST CORNING CA 1297 3 1 IE 95000
045-666714 3082 QUEENS CIRC MERCED CA 1705 4 2 UK 143000
048-413573 33425 CATLIN AVE HEMET CA 1440 3 2 IE 161000
048-435262 23886 CORTE CAJAN MURRIETA CA 1329 2 2 IE 282000
042-790268 7411 OAKMONT DRIVE SANTA ROSA CA 939 1 1 IN 310000
048-438207 17428 SANBORN ST PALM SPRINGS CA 1344 3 2 UI 60000
048-457750 34186 WOODS AVE BARSTOW CA 2438 4 2 IE 95000
043-798246 9144 HARROGATE WAY ELK GROVE CA 1724 3 2.5 IE 280000
048-446688 7238 CHEVOIT RD PHELAN CA 1620 3 2 IE 128500
042-852260 4725 MELROSE AVENUE OAKLAND CA 1251 3 2 IE 370000
045-659542 1024 KAWEAH ST HANFORD CA 1035 2 1 IE 110000
197-466268 11006 ELDORA AVENUE SUNLAND CA 806 2 1 IE 360000
048-517005 1355 NORTH SULTANA AVE ONTARIO CA 817 2 1 IE 292000
043-736631 1658 HAMMONTON SMARTVILLE RD MARYSVILLE CA 1730 2 2 UI 77500
048-442897 6935 STAR DUNE AVE TWENTYNINE PALMS CA 756 2 1 IE 45000
197-587115 243-245 W 93RD STREET LOS ANGELES CA 3143 9 5 IE 510000
043-756726 1233 YORKSHIRE WAY MANTECA CA 1904 4 3 IE 310000
044-424956 3025 HIGHLANDS BLVD SPRING VALLEY CA 1526 4 3 IE 350000
048-546685 25085 CAPITOLA LANE HOMELAND CA 1225 3 2 UI 180000
045-648168 7217 ROBISON ST INYOKERN CA 1584 4 2 UI 49000
048-423461 38386 VIA DEL SUR MURRIETA CA 1440 2 2 UI 150000
044-425080 1640 MAPLE DR #73 CHULA VISTA CA 1533 3 2.1 UK 230000
043-744086 712 ALBEMARLE AVE RIO LINDA CA 1148 3 2 IE 185500
048-707154 696 BAILEY LANE SAN JACINTO CA 1410 3 2 IN 204000
048-516721 33178 Zinck Way LAKE ELSINORE CA 1930 2 2 IE 177000
048-462329 44962 RUBIDOUX ST INDIO CA 864 2 1 IE 98000
048-542206 15071 FAWN CT FONTANA CA 2993 4 3 IE 473000
048-675990 83701 MECCA HILLS AVE COACHELLA CA 2720 4 2.1 UK 228000
043-778721 7532 LA TOUR DR SACRAMENTO CA 1119 3 2 IE 204000

For Information on these and other available HUD homes please visit:

http://www.HUDHomestore.com

or Contact me:

Direct: (626) 252-0839 Email: Yesenia@NewCenturyBroker.com

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