We Specialize In These East Bay Area Communities

Oakland - Hayward - San Leandro - Castro Valley - Dublin - Pleasanton
Livermore - San Ramon - Danville - Walnut Creek - Lafayette
Concord - Pleasant Hill - Martinez - Antioch - Pittsburg - Oakley
and surrounding areas

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Is a 203K Rehab Loan the Option for You?



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Today, Elisa Flores joins us to discuss the many features and benefits of a FHA 203K Rehab Loan.

The main feature of a 203K Loan is the ability to purchase the property in as-is condition. This means if there is work that needs to be done on the property, you can address those issues after closing. 

The down payment requirement for this loan is only 3.5%, like many other FHA loans. However, the way that down payment is calculated is a little different. Say you're buying a home for $300,000 and it needs $50,000 in work, the 3.5% down payment will be on the amount of $350,000. 

Interest rates are a little higher on the 203K, but usually within a quarter of a percent of regular FHA loans. To qualify for this loan, you'll have to submit your credit history, debt-to-income ratio, and proof of employment to a lender.



This loan is fantastic for people who are looking to buy an affordable property that needs some work. It's also great for people who simply want to renovate a home to fit their needs and make it their own! Whatever you decide to use it for, you'll find it incredibly helpful when making changes to your new home.

If you have any questions about this great loan option, you can reach Elisa at (510) 828-1080. As always, give us a call or shoot us an email with all of your real estate questions and concerns. We would love to hear from you! 

How we helped Kimberly buy a home by always being available

 
"It was a success! We bought a house. She was really approachable and accessible. I could ask her questions at any time of the day, and she would call with frequent updates. I really appreciated that. I wanted to go over some HOA documents face-to-face, and she was readily available."

How Do Home Warranties Work?



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Thanks for joining us again today. We are here with Caren Allison, who is joining us today to discuss home warranties. She is going to talk to us about what they are, why you need one, and what the benefits are of getting one done with her company, Fidelity National Home Warranty.

A home warranty is a one-year service contract that covers, repairs, or replaces many of the major mechanical systems or appliances within the main foundations of the home.

There are many benefits to having a home warranty. It is great peace of mind for the owner, who incurs a lot of expenses when buying a home. With just a service fee of $65, that's all it's going to take to get something fixed. The cost of a policy varies, but starts at around $275.



An added bonus if you are one of our clients, if you sign up for a home warranty with Caren and Fidelity National Home Warranty, you will get agent pricing on your home warranty!

We always love offering our clients a little extra, and this is just the latest way we are doing that. If you have any questions for us, feel free to give us a call or send us an email. We look forward to hearing from you!