Property Q&A in Hesperia>Question Details

Rosa E. Cald…, Home Buyer in 90002

is this an auction or is this the real price would a first time buyer quilify.?

Asked by Rosa E. Calderon, 90002 Thu Feb 12, 2009

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It looks to be the real price. My advice would be to contact a realtor in your area to research the status of the property for you.

An FHA loan would work well for this property. Let's just say you bought it for $79,000:

-down payment:$2,765

-property taxes:$74
-homeowners ins: $40
-mortgage insurance:$35
Total payment:$562/mo

Yes you read it right, your total payment for a house in California is $562/mo.
0 votes Thank Flag Link Sat Feb 14, 2009
We're not in the Hesperia area but looking at the comps on Trulia it appears to be the price. With regard to being a first time buyer the only thing that could possibly hold you up is the condition of the property. Many fist time buyers use FHA which has guidelines on the property's condition. If you are not already working with a Realtor give the listing agent a call. If you don't have a mortgage broker they may also recommend one in your area. Good luck...

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0 votes Thank Flag Link Thu Feb 12, 2009
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