San Francisco Lofts and Condos offer stylish and elegant settings in a city that is renowned for its rich culture and abundant professional opportunities.

Some Interesting Articles

May 2010

Are we recovered yet?

If you are an owner and wondering when your equity will return or a buyer wondering what the future of your investment might look like: Read opinions about when most homes might begin building equity HERE

Condo Inventory and prices for 94105- South Beach and some of SOMA included60 days

How to get the best interest rate for your home purchase loan?
An article about how little time people appear to spend researching home loan options relative to other major events in their lives:

READ HERE

How to buy property in the US if you are a foreigner?


A lender sent the following:


Below are the guidelines from one of our more flexible lenders (Met Life). In summary, if the borrower is here legally with established credit, and he or she has a likelihood of continued employment for 2 years, we can get them a loan in most cases.




Met Life's Non-Permanent Resident Alien Description/Rules:


A Non-Permanent Resident Alien resides in the U.S. on a temporary basis and has a government issued work visa.

Underwriter must validate the borrower's identity and Visa classification/immigration status prior to issuing final approval.

Allowed subject to the following requirements being met:

Non-permanent residents must be employed in the United States.

MetLife Home Loans must make a determination that the non-permanent resident alien borrower's residency and income are stable and can be expected to continue.

MetLife Home Loans must develop an income and credit history for these borrowers the same as for any other borrower.

May use credit references from a foreign country to underwrite the mortgage if the borrower does not have sufficient credit in the U.S. MetLife Home Loans must ensure that any information from a foreign country that is used to document credit, assets, or income satisfies the same basic standards for authenticity, accuracy, and completeness as other types of documentation.

All documentation must be translated into English by a disinterested third party. See Language Line Service (4-401).

Refer to Loan Product Description for Visa classification eligibility.

All non-permanent resident aliens must provide evidence of their visa; photocopy of Visa is required in the loan file.

All standards for determining stable monthly income, adequate credit history, and sufficient liquid assets must be applied in the same manner to each borrower, including borrowers who are non-permanent resident aliens.

An Employment Authorization Document (EAD) is required if the Visa does not guarantee authorization to legally work in the U.S.

A Visa is not allowed in lieu of the EAD on FHA loans.

See also, Social Security Number Requirements (7-708).

Definitions of Visa classification are as follows:

San Francisco generally has a very limited inventory of homes available for sale. Add to that the desire of so many people to live and own property in this beautiful city, and you have an equation for strong property values.

Development of our downtown San Francisco (including/and South Beach, SOMA and Mission Bay neighborhoods) is set to include more parks and increasingly efficient transportation to support commuters without increasing pollution. This has a direct impact on the local San Francisco condo and loft market. San Francisco residents have always been concerned with decreasing our contribution to global warming/greenhouse gasses and there has been a great push to create LEED certified buildings and reduce the number of cars downtown.

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Please: CONTACT ME if you would like a home valuation for your property in the Bay Area.


See the below chart for median price comparisons for 4 Bay Area cities

Please contact me today to discuss the sale of your home.

My cell 415-269-3825,

email cbamberger@mcguire.com

Please contact me if you need help finding your new home. Cameron Bamberger 415-269-3825.