If you are looking for Homes In Lompoc for sale for less than 150k just click the link below, this link will be  updated frequently but the listings presented can and do change frequently and may or may not be currently available if you have any questions or feel free to give us a call thank you. If you like you can do your own search for homes anywhere from Paso To Buellton on the Central coast just click the Central Coast Homes for Sale. This list also has a few homes in the Guadalupe area that qualify for 100% financing NO MONEY DOWN BUT YOU DO HAVE TO PAY FOR CLOSING COSTS.  I will be increasing the search function for anything nationwide. There are still home loans with only 1/2 % down payment for first time home buyers.

If you are not sure what you would qualify for I have included on the top of the screen an easy calculator to figure out what you would qualify for or “could” qualify for.  Before you click on the link below here are a few things to consider in deciding whether now is a good time buy a home if you are a first time home buyer.  Interest rates are still below 5% that being said historically interest rates for homes are 7% on average so they are pretty damn good right now.

 

 

 

Click Here For Homes Under 150k

 

 

 

Search Home In Foreclosure And Going To Auction Just Click Here

 

 

 

 

If you take a look at the Graph below you can see prices have come down tremendously

 

 

Real estate in general have gone through another adjustment and have gone through a double dip in prices including the Central Coast as well to read more about it you can check out this article.. Click here to read the Double Dip On Real Estate.

But the important thing to keep in mind are the changes that are still coming to

real estate in getting the financing needed for a home is going to be harder, and more expensive even if the prices were to come down more than they already are the financing for them is still going to be more challenging for many first time home buyers.  Fannie & Freddie Mac are still losing money(Click Here For Story) and the Govt. wants out of the mortgage business.  FHA loans are going to dominate the market even more so and take on more risks which is why they have already increased the monthly PMI and now require ALL loans that are FHA to have PMI.  But the biggest impact will be when they increase the down payment possibly from 3.5% to 5%.

Also keep in mind for the time being until this loan is no longer available for all other areas I have a home loan with only 1/2% down payment .. for those that qualify.

I will try to keep this updated just come back every now and then and find the home you are looking for, as well as real estate advice and tips.

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Now Although you can see that prices have come down quite a bit the amount of days on the Market have increased tremendously and the reality is there are TONS of short sales and I can tell you they take months to close and there is really not much short about doing a short sale, it reminds me of ordering a Tall at Star Bucks which they should just call a shorty.

 

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