Get Your Mortgage Phil

FHA Approved Condo For Sale in Burlingame

Are you looking at condos for sale in Burlingame that are FHA approved? There is a condo for sale that is FHA approved located at 107 El Camino Real Unit 103. 107 El Camino Real Unit 103

FHA financing offers many benefits:

  • The down payment can be as low as 3.5%
  • The entire down payment can be a gift
  • Co-signers that do not occupy the property are allowed
  • The maximum loan amount in San Mateo County is $729,750
  • Fixed rates are available
  • Adjustable rates are available that have an initial fixed rate term
  • Credit history requirements are typically more flexible than what is required with a conventional loan 

Burlingame real estate agent Dave Tapper describes this condo for sale - "It is in a great location, just two blocks from Burlingame Avenue." People love being this close to downtown!"

"This one level unit has three bedrooms and three baths. In addition, it has two master bedroom suites, a marble entry way, and gorgeous hardwood floors."

Dining Room

"There is a fireplace, and a washer and dryer in the unit. There is  two car parking in this secured building with tons of extra storage."

"This condo is one of only a few that offer earthquake insurance. This is an upscale, classy building that is 10 years young."

In order to use FHA financing for a condo, the complex must be FHA approved. In Burlingame, there are only two condo complexes that are FHA approved as of the date of this post.

If you plan on using FHA financing to purchase a condo for sale, it's probably a good idea to contact an FHA lender to find out what complexes are FHA approved in the area that you are interested in. And it also makes sense to get pre-approved prior to making an offer. It will make your offer look stronger!

FHA Approved Condos in Burlingame

 

 

 

 

 

 

 

 

 Do you need help structuring a loan, or getting a rate quote? Call me at (650) 222-0386, or e-mail me.                                            

 Jumbo Lender 

 

      

This is not an offer for extension of credit or a commitment to lend. All loans must satisfy company underwriting guidelines. Information and pricing are subject to change without notice. This is not an offer to enter into a rate lock agreement under any state law.

5 comments • Phil Caulfield NMLS# 386911 Jumbo and FHA Mortgage Loans California • September 01 2010 05:26PM

The Real Estate Market in San Mateo and Santa Clara Counties, California

Real Estate Market Report, selected towns in San Mateo and Santa Clara Counties
The bayside Peninsula towns of San Mateo and Santa Clara Counties continue to experience a robust real estate market. The April statistics for these selected towns are quite interesting to me, especially the percent of list price received, and the days on the market.

While the increased length of time on the market in Portola Valley isn't surprising (there is a smaller buyer pool at that price range--Palo Alto is a world unto itself!) at first glance one might wonder about Redwood City. However, I know that especially in the lower priced areas of town, there are a number of short sales, which increases the days on market substantially.

If you would like more detailed information about your town, your neighborhood, your street, give me a call or drop me a note. And if you're contemplating purchasing in one of these or neighboring towns, I'd be happy to discuss the unique qualities each community offers.

April statistics, selected cities of San Mateo and Santa Clara Counties

--- Just another benefit of living here!

Lottie Kendall, Realtor

Today | Sotheby's International Realty

San Carlos, California, 94070

DRE#01215160; 650-465-4547;

Lottie@LottieKendall.com;

www.LottieKendall.com

Peninsula Living: San Mateo County and Silicon Valley Real Estate

 

 

0 comments • Lottie Kendall REALTOR® DRE#01215160 650-465-4547. Serving the SF Peninsula • May 16 2010 01:20AM

Market Report: Real Estate Activity, San Carlos, CA

Market Report: Real Estate Activity, San Carlos, California

City of San Carlos, CA


It's interesting to compare market activity in San Carlos, California during the first quarter of 2009 and 2010. Although listings have picked up these last few weeks, during the first quarter of years they were sparse.

Following is a glimpse of what we saw for single family residences in San Carlos. If you'd like details about condominiums or your particular neighborhood in town, give me a call.

                                        First Quarter, 2010                First Quarter, 2009
Current Inventory                            59                                        82
Closed Sales                                     36                                        33
Average Days on Market               59                                        47
Average Sales Price                 $913,427                             $985,751
Median Sales Price                  $862,500                             $950,000
% List Price Received                 99.06                                   96.27


--- Just another benefit of living here!

Lottie Kendall, Realtor

Today | Sotheby's International Realty

San Carlos, California, 94070

DRE#01215160; 650-465-4547;

Lottie@LottieKendall.com;

www.LottieKendall.com

Peninsula Living: San Mateo County and Silicon Valley Real Estate

 

 

2 comments • Lottie Kendall REALTOR® DRE#01215160 650-465-4547. Serving the SF Peninsula • April 17 2010 05:44PM

A completely new proposal to save the San Mateo County real estate market. It's not as crazy as you might think!

 

Richard Weisser wrote this interesting article about a new idea on how to fix the real estate market. I wrote an article in November, 2007, that had similar ideas.

I don't necessarily agree with incentive tax policy, but I do think making the down payment tax deductible serves two purposes. First, it will result in larger down payments. Larger down payments means lower payments and more equity, which will reduce foreclosures.

Second, a down payment tax deduction will stimulate sales. More sales means more money circulation throughout the economy.

What effect do you think this proposal would have on San Mateo County real estate?

 

Via Richard Weisser Coweta Fayette Real Estate ERA United Realty:

Taking a new path in the A lot of real estate agents are speaking as if the door on real estate sales will be slammed shut if the federal tax credit for first-time homebuyers is not extended. And while this opportunity to collect cash has had a very positive effect on sales in the lower price ranges, it really hasn't meant much to sellers with homes valued in excess of $200,000.

My preference is to let this credit just go away. The expiration of the credit could actually lead us back to a true fair market, where buyers buy because they need a house rather than just trying snag a great deal with future profit potential.

I would like to propose an alternative remedy to help sale in all price ranges. My proposal would really create interest in buyers that could really stimulate the market, and it is the only remedy that I have even seen proposed that would actually correct the mistakes of the past.

The solution I am proposing is to make all down payment monies for a personal residence up to and including a cash sale an income tax deduction. Not a refundable credit, just a deduction against income.

This also would encourage buyers with both cash and significant incomes to get back into the market. It would lead us back to the days when more down payment was better, and smaller mortgages would prevent the short position debacle that we are experiencing today.

The higher end market would see an extensive boost in sales, and prices would stabilize. And once again, homeowners will be encouraged to have equity in their homes to cushion them against negative market forces.

So what do you think? A dollar for dollar tax deduction for down payments on a house sounds like a good idea to me!

All content, including text, original art, photographs and images, is the exclusive property of Coweta Fayette Real Estate, Inc., and may not be used without the expressed written permission of Coweta Fayette Real Estate of ERA United Realty Newnan Georgia. All information is believed to be accurate but is not warranted, Copyright 2003-2009. Richard Weisser REOS, E-Pro. licensed Auctioneer. 770-827-6225.
Learn more about Coweta County and Fayette County Georgia Real Estate, and to search the entire Georgia MLS for free with no registration required visit CowetaFayetteRealEstate.com! Photos of the Great Smoky Mountains National Park.

Get the latest GA Foreclosure List Updated Daily! We Do HUD bids in Georgia! 770-827-6225

 

 Do you need help structuring a loan, or getting a rate quote? Call me at (650) 222-0386, or e-mail me.                                            

 Jumbo Lender 

 

      

This is not an offer for extension of credit or a commitment to lend. All loans must satisfy company underwriting guidelines. Information and pricing are subject to change without notice. This is not an offer to enter into a rate lock agreement under any state law.

11 comments • Phil Caulfield NMLS# 386911 Jumbo and FHA Mortgage Loans California • October 23 2009 01:36PM