MarketWATCH Northridge: 01/15/16
- Anne Marie
- Jan 16, 2016
- 2 min read
MarketWATCH Northridge
Do you believe that you need a credit score of 800, 20% down, and your first-born to buy a home in Northridge?
Well, according to the National Association of Realtors, Ellie Mae & Freddie Mac, this is simply not true.
In 2015, the Average FICO scores of approved loans was 723. For conventional loans, it was 755, and FHA - 689.
On the Average, All buyers put down 10%, whereas first-time buyers put down 6% and repeat buyers 14%. (The first-born thing was just a little joke to lighten the mood a little).
In addition to this, rents are going up. 88% of property managers raised their rent in the last 12 months.
So, would you rather pay your landlord's mortgage, or your own? If this idea of owning your own home has been kicking around in your mind, now's the time to check in on your status.
CLICK HERE for our Free No Obligation Home Loan Report.
Now, let's see what's going on in real estate this week...
This week in Northridge, we saw 11 listings added, ranging in price from $960,000 - $415,000 and in size from 960 sf -3,202 sf, years built range from 1924 - 1980.
10111 Amestoy AV, Northridge 91325 $696,000
This house is a must see! TOTALLY remodeled and Absolutely gorgeous! This 1 story, level home sits on a huge pool size lot. It has been upgraded to the 9's! New floors throughout, crown molding. The brand new huge kitchen offers a huge island, marble counters, stainless steel appliances, tons of cabinets, wine refrigerator, marble countertops, subway tile backsplash, farm sink... the list goes on. This amazing kitchen is opens to the great room. There is a Separate laundry room. 3 bedrooms and 3 bathrooms! Located in a great neighborhood. Andasol Elementary, Patrick Henry Middle school and Granada Hills Charter!!!
10110 Melvin AV, Northridge 91324 $759,990
Impeccable Chisholm built beauty! Majestic Oak tree is the focal point of this stunning home! From the moment you enter this upgraded home, you are overwhelmed with charm, beauty and peace. Shows like a model home, hardwood floors, crown moldings, open floor plan. The view of the lush, lush rear yard can be viewed from almost every single room! Blooming flowers, a true feeling of privacy, space and peacefulness! Inside you will find a granite kitchen with white cabinets and brand new appliances, adjoining breakfast nook which opens to the family room with floor to ceiling fireplace. The Formal Dining room with the largest picture window to appreciate the stunning curb appeal and landscaping, truly a complete package. 4 good sized bedrooms with generous sized closets. Large master suite with 2 closets, one is a walk in. Updated granite bathroom also. This home has been gently lived in and loved for decades by the same owner, don't miss this great home.
Have you figured out how much you can afford to pay for a home of your own each month and overall?
We'd love to guide you through this first step. Give us a call, at (818) 621-9897, or complete the No Obligation Home Loan Request, and we'll get the conversation started.
Warmly,
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