Lancaster

Va Jumbo Loans Home Loan Limits for 2008

No 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

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Lancaster

KB Homes and Chinas BYD showcase affordable solar homes development

No 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.”

 

Rich Hessler Solar -?An organization that provides the elements necessary to launch or increase sales and revenue for solar businesses. We offer the latest innovative solar products, solar financing, leads, solar marketing, and business support; all the key components to starting a solar company.

Lancaster

Defective Product Lawyer Lancaster, California

No Comments 03 September 2010


www.rrexparris.com – R. Rex Parris is a lawyer in Lancaster, CA, committed to handling defective product and dangerous product cases. Our firm hires some of the nations top experts in product manufacturing and can help to take on even the biggest corporations in America. Formore information about the personal injury law firm of R. Rex Parris in Lancaster, California please visit http You may contact our personal injury and class action attorneys at: R. Rex Parris Law Firm 42220 10th Street West, Suite 109 Lancaster, CA 93534 Phone: 661.874.4238 Toll Free: 866.907.9920 Website: www.rrexparris.com

Lancaster

Wednesday morning headlines

No Comments 03 September 2010

Wednesday morning headlines
Mark Lacter: Socal home prices all over the map, Obama gets low marks from investors, Blockbuster nears bankruptcy filing, and electric car company taking deposits.

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Lancaster

Streetlights Powered by Dog Poop

No Comments 01 September 2010

Streetlights Powered by Dog Poop
Cambridge, Massachusetts (my home town) seems to be doing a lot of cool things these days. Besides the yoga parking tickets , they have also recently installed a work by conceptual artist Matthew Mazzotta : a streetlight powered entirely by dog droppings , called the ParkSpark Project. It works simply: You put the dog poop into the large container, where it is digested by bacteria, creating …

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