2017 Market Update Inland Empire

Hello, Teresa Tims here Giving you a much-needed Market Update…

We are seeing a slowdown in the upper-end market of the IE and a lot of price reductions. Not so, with the lower end affordable market where it’s not uncommon to see 10-15 offers on a nice turnkey home. This home often goes above list price and some even with no appraisal contingency. There is no slowdown in the OC and LA areas as many are paying cash and continue to drive the market higher and higher.

Rents are up everywhere and it’s not uncommon to see a 2-300 annual rent increase. Buying a home is a way to counter that and fix your monthly housing expense. There are still many affordable areas in the Inland Empire.<p.

Rates remain stable, conventional is in the low 4’s, FHA/VA, high 3’s and Jumbos are in the high 4’s to low 5’s. However, we just closed a Jumbo in the low 4’s with 30 year fixed for a highly qualified buyer. A huge benefit of working with a Mortgage Broker is we get to shop for you. We find you and your clients the lowest rates.

Cool Loan Programs we are featuring

5% Down 40 year Interest Only Loan
3% down Conventional with 5k Gift from the lender, low 4’s and no monthly mortgage insurance.

Important Loan Change could make you a homeowner

Student Loans without a monthly payment on the credit report no longer have to be counted in your debt ratios, call us for details.

Be sure to check our YouTube for more videos. Or call us 909-920-3500 for more information.