Hey All- Interest rates took a big dip on Monday, its below 5 % for owner occupied with good credit. Great time to be a BUYER!! Another best buy came on the market today in Chico, its a foreclosure of course. A custom built home off East Ave with an inground pool for $245,000!
Another Loan change per Fannie Mae guidelines; Any owner occupied loan with multiple units ( 2-4) like a duplex, triplex or fourplex will need 20% down payment as of Monday, no more low down on these type of homes.
Check out the home on Vintage Court on my search engine for the latest in Chico great buys.
There are 2 new foreclosures on the market that I think are good buys, one is a smaller home on Olympus for $200,000. and another almost new home larger than 2000 sq. ft for $300,000. on Glenbrook! You can search these on my website, they are now bank owned and I think good value for the money!