Company News

Case Study 05.16.17

May 16th, 2017 2:06 PM by Andrew Liu, President NMLS#249736

As the Bay Area home values continue to raise, the values of homes in the surrounding areas have risen, as well.  For example, home values in San Joaquin area used to be around middle teens and high-end homes would be around $300k to $400k.  Some of these homes have even gone up to $500ks.

 

However, Fannie Mae or Freddie Mac loan limits have not gone up accordingly, which have created hurdles for the potential buyers who need to purchase homes $500k and above yet, cannot put down more money for down payments to make up the difference.

 

We just helped somebody who tried to purchase a home in Mountain House for about $580,000 yet could not come up additional funds needed on top of the agencies loan limits.  We helped him find a portfolio lender who has a program which does not have county limits.  Best of all, he only needed to put down just 1% of the purchase loan!

 

Our client was thrilled.

Posted in:General and tagged: Case Study
Posted by Andrew Liu, President NMLS#249736 on May 16th, 2017 2:06 PM