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San Luis Obispo Home Loans
San Luis Obispo homeowners are extended low rate home loan offers with FHA home refinance loans, 100% VA refinancing with fixed rates for all types of credit. Central Coast homeowners have been fighting devalued home evaluations as the increased foreclosures have negatively impacted real estate appreciation.
California mortgage banker, Nationwide now provides 100% home financing with jumbo refinancing, second mortgages, equity loans, and purchase loans for homeowners residing in towns like Atascadero, Cayucus, Los Osos, Morro bay and San Luis Obispo. Industry experts anticipate home values in San Luis Obispo to remain steady, so we suggest considering tapping your home's equity with a second mortgage if you need cash. As the Federal Reserve begins dropping key interest rates, many California consumers will be swift to seek fixed rate mortgages.
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Beautiful coastlines highlight several real estate opportunities available in
San Luis Obispo County. |
Industry experts anticipate home values in San Luis Obispo to start to drop, so we suggest considering tapping your home's equity with a second mortgage if you need cash. Real Estate evaluators are forecasting property values in San Luis Obispo to decrease between 7-10% in 2007 and 2008. Because of the uncertainty of future of home prices, many homeowners will be considering refinancing. |
 |
MSA Name |
County Name |
State |
One-Family |
Two-Family |
Three-Family |
Four-Family |
SAN LUIS OBISPO-PASO ROBLES, CA |
SAN LUIS OBISPO |
CA |
$687,500 |
$880,100 |
$1,063,850 |
$1,322,150 |
SANTA BARBARA-SANTA MARIA |
SANTA BARBARA |
CA |
$729,750 |
$934,200 |
$1,129,250 |
$1,403,400 |
 The Housing market's stable in San Luis Obispo. Looking at the latest statistics from the California Association of Realtors, sales and sale's prices held steady for the first three quarters of 2006.
Home prices held steady between the $592,590 and $620,540 mark, while interest rates climbed. Mortgage rates rose steadily during the first part of 2006 as the Federal Reserve pushed the prime interest rate up almost one point. By July, mortgage rates started to drop.
Oddly enough, when the interest rate started to drop, housing prices fell as well. Price dropped 7.4% from the second to third quarter before turning upward to $602,850 in August.
"The market is currently a strong buyers market," says realtor Kathy Tavener. "We are seeing houses sitting on the market for a longer period of time than at this same time last year. There are different thoughts as to why...maybe the high gas price is causing people to be a little more weary of making big purchases, or the talk of interest rates going up. Keep in mind the rate is still lower in comparison to the years we were paying 12% or higher!"
While sales during 2006 have improved during the first eight months of 2006, year to year sales have dropped since last year. Sales figures showing between a 25% and 30% drop in homes sold since 2005.
 Nationwide offers both home equity, and refinance loans with a fixed or adjustable interest rates. We offer loans for residents in San Luis Obispo County seeking cash or simple rate and term refinancing.
We continue to offer cutting edge mortgage programs for SLO homeowners who need to access money, but prefer not to pay off their existing mortgage in the process. Whether you seek to refinance your 1st mortgage or take out a new 2nd mortgage, Nationwide has the financing options that can help you save money.
Whether you are purchasing a home in Morro Bay, San Luis Obispo, or Santa Maria we offer subordinate loans for purchase or refinance. If you need help with a "Zero Down" 80-20 combo loan, then you have found the right lending source. |
| Don't wait any longer, Call 1-800-242-6986 to speak with a seasoned loan professional live. We offer a helpful consultation that includes a free loan quotes with no obligation. |
Relevant San Luis Obispo County Facts: |
Average home value for owner occupied primary residence, 2000: $230,000
Homeownership rate, 2000: 61.5%
Average household income, 1999: $42,428
Population, 2004 estimate: 254,566
% of people living in same home for 5+ years, 2000: 46.7%
Average commute time from home to work (minutes), 2000: 21.1
Click Here for More S.L.O. Loan Info
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* Loan terms are state and federal fee restrictions. Laws may vary per state.
Data source from the U.S. census bureau. |
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