UPDATE! LOAN LIMIT INCREASES
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Article by: California Association of Realtors(r)
The Office of Federal Housing Enterprise Oversight (OFHEO) announced March 7, 2008 that it has temporarily increased limits on conforming loans offered by government-sponsored enterprises, Fannie Mae and Freddie Mac, from $417,000 to as high as $729,750 in fourteen counties in California for loans originated between July 1, 2007 and Dec. 31, 2008. Fannie and Freddie are reported to be working out new underwriting standards and expect to begin offering the new loans soon. Also, on Wednesday, March 5, 2008, the government raised the conforming loan limit for mortgages guaranteed by the Federal Housing Administration, and has begun offering the maximum limit of $729,750 for 14 California counties, up from $362,790, for loans originated between now and December 31, 2008. The Fed’s economic stimulus package approved earlier this year called for temporary increases on conforming and FHA loan limits to allow troubled borrowers to refinance out of sub-prime loans and make it easier for many new buyers to qualify for mortgages in high-cost areas, particularly in California where home prices remain among the highest in the nation. To view a list of the new FHA Mortgage Limits by county, go to: FHA Loan Limits by County
Oh, By the Way, If you or anyone you know who is in need of help in these areas; Give us a call we wil be happy to help anyone who might possibly be losing their home. Remember, this is a temporary government-sponsored program between July 1, 2007 and December 31,2008.
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All we can strive to be is the absolute best possible version of ourselves
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Realtors Ernie and Ramona come from different areas of expertise. Ernie comes with knowledgable Research and Development background and Ramona arrives from the Communications arena. In our past, we were used to the 8 to 5 jobs and have chosen to work 24/7 by utilizing our web page(s) to be shared with you. We have worked in Real Estate (our own evestments) since 1981 and continue our real estate business by earning our real estate license, our GRI (Graduate of Realtor Institute) designations ASP (Accredited Staging Professional) Certification as well as our Senior Real Estate Specialist (SRES) Designation, in order to be able to help you with your purchases, selling and your investments (Residential as well as Commercial). This is the reason we have chosen to work with Elite Realty Services.
With Elite Realty Services, All services are under one roof! Buying, Selling, Financing, Home Improvement, Home Design, and Investments. There is a great advantage to working with us and Elite Realty Services. We as ELITE Realtors, work for one reason only; YOU and your satisfaction! Equipped with experience and knowledge, we take you step-by-step through the real estate transaction.
When you buy with us, we diligently locate your ideal property, helping you assess what will best fits your needs. As our client, you can utilize our remodeling services to improve your property, truly creating your dream home. Additionally, you get these superior services at well-below market prices.
For sellers, our experts will evaluate your property to decide the appropriate upgrades that are needed to maximize your home's value. With our home improvement services, you can enhance your property's value, increasing its appeal to sell fast and for the best possible price. If your property doesn't require remodeling, our staging service, FREE for listing with us, helps you get the best value for your property with minimal investment.
We have these services available in-house and will pass the savings on to you! As your agents, we have also created an exceptional incentive program with rebates that you can use for any of our remodeling and design services. Contact us today for more details.
There are aspects of a real estate transactions that seem pretty simple while on the other hand there are many elements that are complicated and daunting.
We can help you with every aspect of buying or selling your home or business because we’re experienced, professional . . .and We care.
Ramona & Ernie
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Contact Us Today!
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The relationship between a home buyer or seller and their agent is based on trust, shared goals and understanding. We strive to continually improve and to do this we listen and take the needs and wants into consideration.
We'd love to hear from you!
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What is the #1 "Must Have" when you are looking for an Agent?
(A) Accessibility and Availability
(B) Professionalism
(C) An understanding of your needs
(D) Knowledge of the local market
(E) Professional Designations (CRS, ePRO, etc.)
(F) Minimum of 5 years of Experience
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