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In today's market, sometimes it's difficult to truly ascertain the affordability of a home.
Case in point, how many times have you driven by a home listed for sale and thought to yourself,
"Wow, I wish I could afford a home like that!" The common misconception these days is that
you have to have a hefty down payment to have a reasonable monthly mortgage payment,
or you must have exceptional credit to qualify for a reasonable interest rate. Not so!
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DLG, through its relationships with high caliber Realtors, has compiled a list of
properties listed for sale in your local area. Based on these listings, DLG has
provided three different payment scenarios to demonstrate the affordability of these homes.
| $300 - $350 K |
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| $351 - $400 K |
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$399,000
1035 W. Mission Blvd., Pomona, CA. 91766
Beautifully remodeled home in Pomona with new paint and carpet throughout.
New kitchen cabinets and counter tops. Title shows as a 2-bedroom home, but
actually has 3-bedrooms and is great for first time homebuyers. Seller is
motivated and looking at all offers. |
| Mortgage Payment Options (Principle & Interest) |
| |
*Loan A |
**Loan B |
***Loan C |
| 1st & 2nd PI |
$2017.56 |
$2710.50 |
$3061.86 |
| Down Payment |
20% |
0% |
0% |
| APR |
6.838% |
6.868% |
8.174% |
|
| $401 - $450 K |
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| $451 - $500 K |
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| $501 - $550 K |
 |
$539,000
20080 Layton Avenue, Corona, CA. 92883
Located in beautiful sought after community! El Cerrito home for those whom
have plenty of toys! Offers 13939 sqft of flat property; great for RV access which
includes a circular driveway. New tile in kitchen and bathrooms. Fresh paint
inside; huge family room with fireplace. Make your offer today! |
| Mortgage Payment Options (Principle & Interest) |
| |
*Loan A |
**Loan B |
***Loan C |
| 1st & 2nd PI |
$2725.48 |
$3661.56 |
$4136.19 |
| Down Payment |
20% |
0% |
0% |
| APR |
6.806% |
6.831% |
8.156% |
|
| $551 - $600 K |
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$579,000
223 Ellis St. Long Beach, CA. 90805
Two recently remodeled units with 2-Bedrooms and 1-bath each. Nice
neighborhood close to local schools and shopping areas. Big back yard and
close access to the 605, 710 and 105 fwys. Seller is very motivated!
Property Listed By: Jimmy Roca, American Team Realty Properties |
| Mortgage Payment Options (Principle & Interest) |
| |
*Loan A |
**Loan B |
***Loan C |
| 1st & 2nd PI |
$2927.74 |
$3933.29 |
$4487.32 |
| Down Payment |
20% |
0% |
0% |
| APR |
6.805% |
6.829% |
8.160% |
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*30 Year Fixed Rate, Minimum 680 Fico, Full-Doc Loan,
Owner-Occupied, SFR, No Impound Account, No Prepayment Penalty, Based on 30-day pricing
**30 Year Fixed Rate (both 1st & 2nd TD's), 2nd TD is a 30 due 15 Balloon Loan,
Minimum 680 Fico, Full-Doc Loan, Owner-Occupied, SFR, No Impound Account
No Prepayment Penalties (on 1st or 2nd TD's), Based on 30-day pricing (both 1st & 2nd TD's)
***30 Year Fixed Rate (both 1st & 2nd TD's), Minimum 680 Fico, Stated Income/Verified Asset Loan,
Owner-Occupied, SFR, No Impound Account, No Prepayment Penalties (on 1st or 2nd TD's),
Based on 30-day pricing (both 1st & 2nd TD's)
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