Do You Want To Reach Internet Savvy Homebuyers?
November 2nd, 2009 Categories: 4S Ranch, Brookside Escondido, Escondido, Marketing, Poway, Rancho Bernardo, Rancho Penasquitos, San Diego, San Marcos, Santa Fe Valley
To effectively work with today’s internet savvy homebuyer, you need an internet savvy Realtor
- Windermere was the first real estate company to feature an interactive listing map on their website, allowing visitors to conveniently search for properties from the comfort of their homes.
- Windermere Exclusive Properties was the first real estate brokerage in San Diego to launch a companywide blog site. It is updated daily with real time news, powered by more than 100 active agent authors, including HotOnSanDiego’s Sue Johnson & Misty Dobson.
- We are the only real estate brokerage in California with our own multimedia production company and green screen studio. Our team of videographers and directors support agents with everything from professional photography to full motion video.
- Windermere developed an exclusive virtual toolset that allows us to reach, track and engage buyers on an international level.
- Windermere listings are syndicated to thousands of websites through the most sophisticated internet property plan ever developed.
If you want access to the greatest tools technology has to offer, chose us, your Windermere Agent ! Email us at: HotOnSanDiego
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How Do You Tell If A Condo Complex Is VA Approved?
October 25th, 2009 Categories: 4S Ranch, Brookside Escondido, Escondido, Mortgage News, Poway, Rancho Bernardo, Rancho Penasquitos
When you are preparing to list your property, having an agent who knows the available financing types for that property, especially condominiums, is extremely important. When you interview agents, make sure they know this information or you may have a more difficult time marketing and ultimately selling your property. 
Here is the link to the section of the VA website that allows you as a homeowner to search for VA approved condo projects:
On the left hand side, click on “Condo/PUD Reports”. You will then have six fields to complete:
- Select report type of Summary or Detail (either is fine)
- Select the type of records to receive (Condo)
- Enter the Condo/PUD name – you are encouraged to use an asterisk (*) as this will pull all approved projects in the specified city, or for example type M* and it will pull all approved projects beginning with the letter M
- Enter the Regional Office (leave this one alone)
- Enter the City and State – unlike the FHA search site, this site does not locate by zip code
- Retrieve only approved Condos – keep marked as yes
Regarding PUD’s – although VA does not require that a PUD be prior approved, the lender is responsible for ensuring both title and lien-related VA regulatory requirements are met for each VA loan such as:
- The estate must not be less than fee simple
- Title must not be subject to unreasonable restrictions of use and occupancy
- VA loan is secured by a first (1st) lien on the property
- Any mandatory homeowner association assessment is subordinate to the VA-guaranteed mortgage
Pretty standard stuff, and one you would expect your Realtor to know but you might be surprised. We have the resources for you and know all the projects. If you have any questions about using this look-up tool or any VA or other loan related items, please feel free to call us at (877) 571-2289 or email us at suejohson@windermere.com.
We also have an expert on our team from CW Mortgage, Kevin Kueneke who supplies us with this type of information and expertise. You may also contact Kevin direct at 760-500-1919 or email him at Kevin@MyCWMtg.com.
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Windermere Real Estate – Why Choose Us?
October 20th, 2009 Categories: Real Estate News
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High Balance Conforming Loans…Minimum Down Payment Requirements
September 10th, 2009 Categories: 4S Ranch, Brookside Escondido, Carmel Valley, Del Sur, Escondido, Poway, Rancho Bernardo, Real Estate News, Santa Fe Valley
Conventional loan amounts up to and including $417,000 are considered Conforming loans, or Agency loans, and are typically backed by Fannie Mae and Freddie Mac.
In San Diego County, conventional loan amounts greater than $417,000 and less than or equal to $697,500 are considered High Balance Conforming loans (also known as Conforming Plus, Conforming Jumbo, and Agency Jumbo).
Some areas, like Los Angeles and Orange County, have high balance conforming limits as high as $729,750.
These loans are still backed by Fannie Mae/Freddie Mac. However, the High Balance guidelines differ slightly from the true conforming guidelines. One of the most important differences is the minimum down payment requirement.
The following is a quick breakdown of the minimum down payment requirements for High Balance Conforming loans:
Owner Occupied Purchase
- SFR and Detached PUD’s, the minimum down payment is 10%
- Condo and Attached PUD’s, the minimum down payment is 20%
- 2-4 units, minimum down payment is 25%
Second Home Purchase
- The minimum down payment for all property types is 35% for a 2nd home purchase
- 2-4 units are not allowed
Investment Property Purchase
- The minimum down payment for all property types is 35% for an investment property purchase
- SFR, Attached and Detached PUD’s, Condo’s, and 2-4 units allowed
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