If you are looking for Santa Maria homes for sale 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.

 

 

 

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

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.

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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For A FREE List Of Foreclosures & Pre Foreclosures On The Central Coast Click HERE

If you have any questions about buying a Santa Maria home for sale in the Santa Maria Real Estate market or any properties on the Central Coastand need to get a loan in Santa Maria, CA or any where in the state of so I California not just on the Central Coast, so I can do California home loans, and first time home buyer loans, as well as refinance home loans and just plain simple mortgage loans. So please contact me by sending me an email at: GenePerez@GMSLoans.net

I do also service all the nearby communities and other markets such as the Santa Ynez real estate market, Nipomo Real estate market, Arroyo Grande real estate market, Grover Beach Real Estate Market, and all other surrounding areas regarding the homes on the Central Coast.

my goal is to provide you with resources you need. I can also help in getting the financing for your home. If you have any suggestions or questions in how I can provide more or better

information please let me know. I have been helping my clients for the last 15 years on the Central Coast, Gene Perez – 805-448-7101 , DRE 01321588

 

Important Disclaimer: Questions and answers provided on this website and by Gene Perez is to be considered general information, and is not intended to substitute for informed professional financial, tax, legal, investment, accounting, or other professional advice.

Gene Perez is Licensed Real Estate Broker for Valley Hills Realty and a mortgage broker for Greater Mortgage Solutions.

This blog and its content is copyright of Gene Perez 2010. All rights reserved. Any redistribution or reproduction of part or all of the contents in any form is prohibited other than the following: you may print or download to a local hard disk extracts for your personal and non-commercial use only. You may copy the content to individual third parties for their personal use, but only if you acknowledge Gene Perez as the source of the material You may not, except with our express written permission, distribute or commercially exploit the content. Nor may you transmit it or store it in any other website or other form of electronic retrieval system without obtaining Gene Perez’s