Lancaster

Va Jumbo Loans Home Loan Limits for 2008

0 Comments 13 September 2010

VA Loan Limits for 2009

The update VA loan limits have been updated a distributed by the VA. The chart below represents the maximum 100% VA loan limit by county for 2009. All other counties not listed below will remain at the conforming limit of $417,000.

Please keep in mind that it is still possible through VA to get a home loan above and beyond these current limits. However, a 25% down payment is required on the difference. For example, if a qualified veteran borrower purchases a house for $600,000 the minimum required down payment would be calculated as such:

1. $600,000 (Purchase Price) minus the $417,000 (maximum 100% limit for a normal cost area) = $183,000

2. 25% of $183,000 is $45,750, or just 7.6% of the purchase price

3. The applicable VA funding fee over the $417,000 limit would need to either be paid by the veteran borrower or seller.

VA Loan Limits for 2009 – for 100% financing

Continue Reading

Palmdale

What are the best Hip Hop/Reggae/Reggaeton night clubs in the Palmdale/Lancaster Area??? Help Please?

1 Comment 13 September 2010

moving from LA to Palmdale and wanna know what are the best club spots

General Category

Where can you find agents/ real estate attorneys in antelope valley ca- that offer loan assumption propertie?

1 Comment 13 September 2010

Interested in assumping a home loan in antelope valley ca

Lancaster

KB Homes and Chinas BYD showcase affordable solar homes development

0 Comments 09 September 2010

California-based KB Homes and Chinese solar firm, BYD, have partnered to develop affordable solar homes in Lancaster.

BYD Co. is known for producing plug-in cars, solar equipment, and batteries.  Now they have entered the renewable energy-real estate industry.  Combining powers with KB Homes has allowed for traditionally off-grid solar technologies to be introduced into a densely grid-tied residential area.

These modestly priced homes will be pre-equipped with solar modules and lithium-ion battery storage systems.  Normally, this technology is used in off-grid properties, but KB Homes and BYD hope that this new development will help pave the way for new impressions on residential solar energy and plug-in vehicles.

As opposed to traditional lead-acid batteries in off-grid electric systems, the lithium-ion battery storage systems will be located in the garage in dark, sleek housing units that flash led lights communicating performance levels.  They will be capable of storing up to 16 kWh of electricity.  The average Southern California household usually uses about 20kWh of electrcicity per day.  These lithium-ion ferrous phosphate batteries are the same that are used in BYD’s plug-in electric vehicles which they will premiere later this year in Los Angeles.

Executive VP of KB Homes in Southern California, Thomas DiPrima, explained their goal was to first provide the solar panel-battery combo to the model home and four other production homes at no upfront cost to the homeowners.  The package would then become optional to other homes in the West Lancaster subdivision and others.  These homes have starting prices from $210,000 to $257,000.

“Our long-term goal is to get to where we can do this nationwide,” said Mr. DiPrima. “Our hope and our goal is to make it so affordable that it can be offered in a new home as a standard feature.”

General Category

Is there a rent assistance program in the antelope valley?

2 Comments 09 September 2010