A: VA guaranteed loans are made by private lenders, such as banks, savings & loans, or mortgage companies to eligible veterans for the purchase of a home which must be for their own personal occupancy. The guaranty means the lender is protected against loss if you or a later owner fail to repay the loan. The guaranty replaces the protection the lender normally receives by requiring a down payment allowing you to obtain favorable financing terms.
For more info on VA loans and requirements please visit:
Hi, Gina. Prices may continue to drop for awhile...no one really knows. As long as the housing inventory is high chances are the prices will drop.
Gene gave a very good answer below. It can be a good time to buy for some people especially to take advantage of the interest rate while it is still fairly low - interest rates are creeping up!... more
Hello, Helen, Averill Park is a nice residential area in San Pedro. For statistics on safety, contact the local station of the Los Angeles Police Department, or online resources about San Pedro. You might also want to consider Long Beach because of good freeway access and many residential areas from which to choose. Please feel free to contact me about more information. 562-896-2609... more
Yes. There are better and worse areas of San Pedro. There are better and worse schools. Many families in San Pedro are multi-generational. They just stay because they love it so much. In general San Pedro is an excellent community to raise a family and the most affordable beach town in Southern California.... more