Home Loan Options In Today’s Market

The Real Estate market is talked about, but maybe not acted on enough. Mark Revetta, a Native San Diego Realtor and Mortgage Broker states, "Prices and mortgage loan rates are at historic lows, which make this an ideal climate to purchase San Diego Real Estate. Whether it’s for an investment property or a first time purchase, the loans are still in place and the property inventory is better then ever". Buyers can search San Diego Homes and Conventional Loan Programs at www.SDMRE.net or www.889MARK.com, and can reveiw San Diego FHA Loans and San Diego VA loans at Revetta’s HUD and VA approved corporation website, www.SDCountyFinancial.com for all Government Home Loan Information.

When asked, Mark’s opinion is, "Those that had money before, still have it, and can afford to put 25% down on a $200,000 or below rental property that was $500,000 just a year ago. Those that couldn’t afford San Diego sales prices before, but have steady jobs and W2 income, can now utilize the 3% FHA down payment programs (3.5% in Jan 2009) or the 100% VA financing programs to get into the San Diego Real Estate market during this cycle" These programs flourish every 10 years and help hundreds of thousands of buyers get into solid 30 year fixed rate affordable loans. San Diego FHA Loans are insured and the funds are self generated by the program. San Diego VA Loans are guaranteed and always maintain full government backing. Because of these set ups, direct lenders are offering these loans without question and in fact, government loans are leading the entire United States Mortgage Loan industry since the middle of 2008. Mark advises, "The FHA and VA programs will lend on San Diego Foreclosure and Short Sale properties, but you just have to show all your income documentation now. Before lenders allowed "Stated Income" loans with decent credit, but now borrowers must truly qualify for their new home loan, which in turn, keeps the monthly payments affordable and locked it from beginning to end. Low start rate adjustable rate loans are basically a program of the past"

Mark Revetta: www.sdmre.net / www.sdcountyfinancial.com / www.889mark.com

Contact Information

Mark Revetta

Owner / Broker / Realtor

SD County Financial, Inc,

Contact via E-mail