First Time Home Buyer Special in Compton, CA – Single Family Residence

Buying a SFR in Compton?

First Time Home Buyer Special in Compton, CA – Single Family Residence

This is a first time home buyer special. It is listed at $120,000. You can purchase this home in Compton with 3.5% down payment, or $4,200. Your approximate payments (including taxes and insurance) are between $800 and $900 a month. If your family earns between $20,000 to $25,000 you should have enough income to qualify. (All terms, programs, rates and payments are subject to change).

The home is a 2 bedroom, 1 bath started home. For more information check MLS # 10-467503. Taken from ComptonCity.org

‘ Compton is a great place to live, work, and raise a family. It is home to almost 100,000 citizens. Known as the “Hub City” because of its unique position in almost the exact geographical center of Los Angeles County, Compton is strategically located along the Alameda Corridor, a passageway of 25 percent of all U.S. waterborne international trade. Compton is rapidly emerging as a large industrial center in Los Angeles County for transit and distribution, business services, high technology, home and lifestyle products, metals, financial services, and textile manufacturing.’

Listing Price: 120,000
Address: 2202 W. Reeve St.
City: Compton
State: CA
ZIP: 90220
MLS # (if any): 10-467503
Square Feet: 749
Bedrooms: 2
Bathrooms: 1
Basement (full, 1/2, finished, unfinished):

Downey and surrounding communites real estate trends.

Buying a SFR in Compton?

Buying a home in Compton?

Summer time is the time to purchase your Downey Home

summertime1

This has been the common feeling among most of us when buying our home right? School is out for the kids, the weather is great, nighttime is not until later. Guess what: You’re right.

You are right that if you feel it’s the right time it will be. It could be November or June. The point is if you are ready, then it IS the right time to buy your Downey home.

So let’s back up your emotional certainty with cold hard logic:

1. The interest rates are STILL at historic lows.
2. Home prices are STILL low.

However at the end you know it’s not about that. It’s about you wanting to buy your Downey home.

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Bad Mortgage


When you are going to purchase a Home in Downey do your due diligence and make sure you have the right mortgage before you buy your Downey Home. Read the Article here.

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Bargains lure buyers to apartment buildings. Read the article here.

Flippers coming back

House Flippers anyone?

Supply of Foreclosed Homes on the Rise Again

It is estimated that banks have held another 28,000 in  foreclosed homes in January.  The number of foreclosures slowed down as the lenders were finding out who qualified for loan modifications (Hint: Even though about 400,000 have applied, only 31,000 actually have concluded a successful loan modification).
Read the full report from the WSJ Here.

Renewing your City – Downey Real Estate


Detroit is shrinking and with the approval of its Government. Find out why this can affect your real estate values. http://tinyurl.com/ya9tc2k. Downey Real Estate, http://TheMortgageSpin.com

Is your Downey Real Estate Affordable?


Let’s see if real estate pricing is affordable across the US. – Downey Real Estate

IRS tax credit to affect your Downey Real Estate Purchase


The IRS changed the qualifications for the home buyer tax credit program that may affect your Downey Real Estate purchases. Make sure you are being advised by competent professionals in your Downey Real Estate transactions.

Is your Downey Real Estate Affordable?


The most and least affordable cities in the US. _Downey Real Estate – http://tiny.cc/3mirK