FOR SALE 18431 Grandview AV, San Bernardino 92407 ROBERT 909.271.5640

"OWN THIS HOME"

MLS# IV14127241

$249,900

Charming cozy 2 bedroom 1 bath home located the Devore San Bernardino area by the 15 and 215 freeways nice size lot with plenty of parking room including RV, boat and recreational toys to park, a garage with a built in office or bonus room, enclosed patio, garden, fruit trees, a separate bonus room with a bathroom with much potential including income, studio, guest room, or office, and a gorgeous beautiful view of the San Bernardino mountains, close to many amenities such as shopping, dining and schools...

"Get Qualified Now By A Loan Professional" 

Robert De La Rosa

An Expert In Your Court

 909.271.5640 CALL NOW!!!!

www.TheCaliforniaPropertyConnection.net

9220 Haven Ave. Suite 100

Rancho Cucamonga Ca, 91730

BRE 01435824

Shared Listing

HOME FOR SALE LOCATED IN A DESIRABLE LOCATION OF RANCHO CUCAMONGA PRICE REDUCED $475,000

"OWN THIS HOME"

Standard sale north of the 210 freeway spacious 4 bedroom, 3 bath, 2 story, 3 car garage includes granite counter tops, recessed lighting, wooded flooring, central air, balcony, fireplace, wash dryer hook ups and association pool in the City of Rancho Cucamonga within walking distance from Chaffey College and also near shopping, dining, and other convenient amenities will not last..

MLS IV14103648

$475,000

"Get Qualified Now By A Loan Professional" 

Robert De La Rosa

An Expert In Your Court

 909.271.5640 CALL NOW!!!!

www.TheCaliforniaPropertyConnection.net

9220 Haven Ave. Suite 100

Rancho Cucamonga Ca, 91730

BRE 01435824

Shared Listing

FOR SALE 10425 Northridge DR, Rancho Cucamonga 91737

"OWN THIS HOME"

Standard sale north of the 210 freeway spacious 4 bedroom, 3 bath, 2 story, 3 car garage includes granite counter tops, recessed lighting, wooded flooring, central air, balcony, fireplace, wash dryer hook ups and association pool in the City of Rancho Cucamonga within walking distance from Chaffey College and also near shopping, dining, and other convenient amenities will not last..

MLS IV14103648

$489,000

"Get Qualified Now By A Loan Professional" 

Robert De La Rosa

An Expert In Your Court

 909.271.5640 CALL NOW!!!!

www.TheCaliforniaPropertyConnection.net

9220 Haven Ave. Suite 100

Rancho Cucamonga Ca, 91730

BRE 01435824

Shared Listing

NAR: FHA's HAWK Program Still Needs Work...

DAILY REAL ESTATE NEWS | TUESDAY, JULY 01, 2014

The National Association of REALTORS® offered support for the Federal Housing Administration’s efforts to reduce mortgage insurance premiums for first-time buyers through a new housing counseling pilot program, but NAR officials say they’re concerned that the program imposes fees that negate the cost savings on premiums.

FHA announced a four-year pilot program in May called Homeowners Armed with Knowledge (or HAWK), which offers discounts on mortgage insurance premiums to first-time home buyers as long as they complete housing counseling and stay current on their loans.

Did you know that FHA and NAR have been partners for 80 years?

But NAR officials expressed concern over the fees that buyers would have to pay to take part in the pre- and post-counseling, which would range from $300 for pre-contract counseling classes, $100 for pre-closing counseling, and $100 for post-closing counseling. NAR says first-time home buyers may be skeptical of having to pay the fees. Plus, “it could take a home buyer two years to offset the cost of counseling with the premium reductions offered under the HAWK program,” NAR officials wrote in a letter to HUD on Monday. 

NAR says the fees to take the counseling could be prohibitive if the housing counseling agency or lender is not able to pay part of the fee to offset the costs.

For home buyers who participate in the HAWK program, they will receive a 50 basis-point reduction in the upfront mortgage insurance premium and a 10 basis-point reduction in the annual premium if they complete housing counseling. If they complete post-closing housing counseling and stay current on their mortgage for at least 18 months after closing, the buyers also will receive an additional 15 basis-point reduction on the annual premium starting in the loan’s 25th month.

On a $180,000 loan, home buyers could see a reduction to their monthly payment by $21 per month or about $9,700 over 30 years, according to HUD’s calculations.

“While any amount helps, many qualified home buyers will still not be able to achieve home ownership,” according to NAR’s letter. Since 2010, mortgage payments have increased $122 per month on a $180,000 FHA-insured loan, mostly attributed to an 80 basis-point rise in the annual premium and a 75 basis-point increase in the upfront premium in the past four years.

“REALTORS® are concerned about FHA’s high annual mortgage insurance premiums and the insurance requirement for the life of the loan,” says NAR President Steve Brown. “FHA fees make up nearly 20 percent of a monthly mortgage payment today and are making it more difficult for qualified buyers to purchase a home. Since FHA is on target to meet and exceed its capital reserve requirements in the next fiscal year, we encourage FHA to support premium reductions across the board.”

Source: National Association of REALTORS®

"Get Qualified Now By A Loan Professional" 

Robert De La Rosa

An Expert In Your Court

 909.271.5640 CALL NOW!!!!

www.TheCaliforniaPropertyConnection.net

9220 Haven Ave. Suite 100

Rancho Cucamonga Ca, 91730

BRE 01435824

Shared Listing

Government’s Flagship Foreclosure Program Extended to 2016...

DAILY REAL ESTATE NEWS | FRIDAY, JUNE 27, 2014

The Obama administration announced Thursday that it will extend its Making Home Affordable Program to help home owners avoid foreclosure, as well as use Treasury funds to ramp up construction of affordable rental housing.

The Making Home Affordable Program will now be extended through December 2016. More than 1.3 million home owners have already used program to modify their mortgages.

More from the Obama administration:

Obama’s Housing Scorecard: Cautious Progress

Market Still Healing From Great Recession

"We need to continue to be there for home owners who are facing foreclosure, those who are struggling with increasing interest rates on their modified mortgages, and those whose homes are caught underwater," said Treasury Secretary Jacob Lew. The average home owners have reduced their monthly payments under the program has been about $540 a month, according to the administration.

High demand in rental housing lately has caused rental costs to skyrocket. Lew said the administration also will allocate funds from the Treasury Department’s Federal Financing Bank to help housing agencies fund the construction of more affordable rental housing nationwide. The Federal Financing Bank could provide $500 million to $1 billion in annual funding for rental housing projects.

Source: “Obama Administration Expands Affordable Housing Plan,” Reuters (June 26, 2014)

"Get Qualified Now By A Loan Professional" 

Robert De La Rosa

An Expert In Your Court

 909.271.5640 CALL NOW!!!!

www.TheCaliforniaPropertyConnection.net

9220 Haven Ave. Suite 100

Rancho Cucamonga Ca, 91730

BRE 01435824

Shared Listing

Title Defects Can Haunt Transactions

Title Defects Can Haunt Transactions

FOR SALE 10425 Northridge DR, Rancho Cucamonga 91737

"OWN THIS HOME IN RANCHO CUCAMONGA CA"

Standard sale north of the 210 freeway spacious 4 bedroom, 3 bath, 2 story, 3 car garage includes granite counter tops, recessed lighting, wooded flooring, central air, balcony, fireplace, wash dryer hook ups and association pool in the City of Rancho Cucamonga within walking distance from Chaffey College and also near shopping, dining, and other convenient amenities will not last..

MLS IV14103648

$489,000

"Get Qualified Now By A Loan Professional" 

Robert De La Rosa

An Expert In Your Court

 909.271.5640 CALL NOW!!!!

www.TheCaliforniaPropertyConnection.net

9220 Haven Ave. Suite 100

Rancho Cucamonga Ca, 91730

BRE 01435824

Shared Listing