Why the Asumable Loan in Valencia Deserves a Second Look

Lately, there's been a lot of buzz around my new Valencia listing, not just for the home itself, but for the assumable FHA loan at 2.49% attached to it.

Agents have been calling to ask, "does the mortgage insurance kill the deal?"  It's a fair question, and it's exactly where most people miss the opportunity.

Here's the truth: even with permanent MIP, this assumable loan still saves a buyer roughly $700 a month and more than $350,000 over the life of the loan compared to today's 6.5% market interest rate.

That's not a marketing trick.  It's math. And in a market where affordability is the biggest barrier, numbers like that matter

So, while most agents are focusing on price, the real story here is in the fiancning, and the agents who can explain it clearly are the ones winning their buyers' trust.

I put together a one page comparision breaking down both scenarios, the assumable loan versus a new market-rate loan to help explain the saving.

Sometimes, being a great agent isn't about finding more listings, it's about seeing what others overlook.

The housing market has been going through shifts lately. That’s why it’s so important to work with an industry professional who can be your guide throughout the process.

A real estate expert uses their knowledge of what’s really happening with home prices, housing supply, expert projections, and more to give you the best advice. Someone who can provide clarity like that is critical right now. Jay Thompson, Real Estate Industry Consultant, explains:

“Housing market headlines are everywhere. Many are quite sensational, ending with exclamation points or predicting impending doom for the industry. Clickbait, the sensationalizing of headlines and content, has been an issue since the dawn of the internet, and housing news is not immune to it.”

Unfortunately, when information in the media isn’t clear, it can generate a lot of fear and uncertainty in the market. As Jason Lewris, Co-Founder and Chief Data Officer at Parcl, says:

“In the absence of trustworthy, up-to-date information, real estate decisions are increasingly being driven by fear, uncertainty, and doubt.”

But it doesn’t have to be that way. Buying a home is a big decision, and it should be one you feel confident making. You can lean on an expert to help you separate fact from fiction and get the answers you need.

The right agent can help you understand what’s happening at the national and local levels, and they can debunk headlines using data you can trust. Experts have in-depth knowledge of the industry and can provide context, so you know how current trends compare to the normal ebbs and flows in the industry, historical data, and more.

Then, to make sure you have the full picture, an agent can tell you if your local area is following the national trend or if they’re seeing something different in your market. Together, you can use all that information to make the best possible decision.

After all, making a move is a potentially life-changing milestone. It should be something you feel ready for and excited about. And that’s where a trusted expert comes in.

Bottom Line

For expert advice and the latest housing market insights, let’s connect.

Click the link below to find out more!

Two Reasons Why Today’s Housing Market Isn’t a Bubble

Median Sales Price for Single Family Homes in Santa Clarita Valley

(includes Valencia, Stevenson Ranch, Saugus, Newhall, Castaic, Canyon Country, Acton and Agua Dulce)

The Chart below shows the median price in the Santa Clarita Valley since 1998.  In the first two months of 2022 the median price has risen to $852,000!  In January of 2021 the median price was at $690,000, so in a little over 13 months the valley has had a huge increase.  As of March 10 we still only have 178 active and coming soon listings on the market.  This is under a 1 month supply of homes. If you are thinking of selling it is still a great time!

For more information on selling or buying please give our office a call at 661.255.9595.

Coming Soon

In order to advance amongst other buyers, call us at 661-255-9595 so we can set you up on the builder website.  

Get on the information list HERE

Upcoming Neighborhoods

Lennar at Valencia

• Lamplight - Stacked Flats 1-3 bedrooms up to 1442 square feet
• Lantana - Townhomes 2-3 bedrooms up to 1714 square feet
• Orchid - Row Towns 2-4 bedrooms up to 2158 square feet
• Tulip - Townhomes 2-4 bedrooms up to 2688 square feet
• Cassia - Attached Homes 3 bedrooms up to 1956 square feet
• Jasmine - Townhomes 3-4 bedrooms up to 2128 square feet
• Marigold - Detached Homes 3-4 bedrooms up to 2246 square feet
• Siena - Detached Homes 3-4 bedrooms up to 2623 square feet
• Wisteria - Detached Homes 3-4 bedrooms up to 3402 square feet
• Rosemist - Detached Homes 4 bedrooms up to 3261 square feet

Home sales soar!

Awesome 3 bedroom, 2.5 bath home that is ready to move in!

Great Features Include: Owned Solar, Dual Glazed "Low E" Windows, tankless water heater, whole house fan and so much more.

Super Cute and upgraded Mountain View home with above ground Spa.

3 Bedroom and 2.5 Baths in 1592 Square Feet

Take a look inside 27623 Sienna Ridge Row, Canyon Country