Marin Mortgage News

The latest news on mortgages and green-lending practices in Marin County and the San Francisco Bay Area.

Found 126 blog entries about Marin Mortgage News.





My very discrimitating buyers bought a very discrimitating property in San Rafael!  They agreed that it was worth the wait and all the looking we had done prior to finding this jewel!

Although multiple offers on the property, we prevailed by negotiating a deal that worked for all concerned. This impecably maintained and loved home, inside and out, was evident the minute you stepped up to the front door.  With brand new siding & windows, beautiful new high-end carpet and a perfectly planted backyard, my clients had huge smiles the minute they entered the property and will do so every day when they come home from a long days work!

For more information on properties in this or any other area, please call me at (415)640-0336



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Successful real estate agents are like airline pilots or orchestra conductors. We're ultimately responsible for the success or failure of the transaction--- but we don't do it by ourselves. We rely on a network of other professionals: escrow officers; inspectors; contractors; transaction coordinators, and many others. We coordinate their efforts, but we cannot achieve success without them. One of the most critical pieces in assembling the picture-puzzle that will be the buyer's new home is the Mortgage Broker or Loan Officer, who can literally make or break the transaction. The best lending professionals conduct a thorough review of the buyer's qualifications and assets prior to issuing a pre-approval letter. They don't just take a snapshot, give…
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Once in a lifetime opportunity to own a grand-scale Indian Valley Estate in northern Marin County, CA. Just reduced to $1,450,000. Hurry!! Situated on over 4.5 acres of beautiful land, this 4BR+ home with a separate guest cottage and a 4 car garage is truly unique. The light, the space, the privacy - it all has to be experienced live. Call me today for more information. Also, visit to see additional photos.

Make your commute 10 minutes longer and live 10 times better = welcome to Novato! I promise you will be amazed by what Novato real estate has to offer to discriminating buyers.  No need to look further after seeing 301 Wilson Avenue.

Helen Luttemo, Realtor

Marin Modern Real Estate

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Would you like to avoid the stress and inconvenience of coming to the Title Company during the 9-5 work week to sign a stack of loan papers and closing documents when refinancing, buying or selling a home?  Ask your real estate agent or the escrow officer at the Title Company, to arrange for a Mobile Notary to come to your home or place of work at a time that is convenient for you.  I did, and my clients loved it. 

I recently had clients who chose to sign their closing papers with a Mobile Loan Signing Agent at their home due to logistical challenges in their work schedules.  It certainly was convenient but their situation was a little more complicated than the typical signing because there were multiple Trusts, 3 parties to the Trust and 2 Trustees. 

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A special wine country treat awaits you July 11-20...The Napa Valley Festival del Sole is a fine wine and food festival, an arts festival and a music festival all wrapped into one amazing event throughout the valley.   In it's 9th  year, the festival offers dozens of concerts and a hundred+ food and wine events.   World class international conductors, opera stars, prima ballerinas, a young artist concert, a chamber opera,  community and wellness events, and renowned chefs cooking in unusual winery venues will keep your senses hopping!


This 10-day festival, set in the beautiful Napa Valley, offers both paid and free events.   So whether you like jazz or opera or ballet or simply fine wines and food, you will find many varied sensory

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Niche Jumbo Mortgages for Physicians, Dentists, Attorneys and CPAS...
5% Downpayment...No MI (Mortgage Insurance)



95% financing up to a $1,491,000 sales price ($417,000 FNMA 1st/$1M 2nd @ 4.5% APR 0 points)
90% financing up to a $2,083,000 sales price ($625,500 FNMA 1st/$1.25%M 2nd @ 4.5% APR 0 points)
85% financing up to a $2,500,000 sales price ($625,500 FNMA 1st/$1.5M 2nd @ 4.5% APR 0 points)
80% financing up to a $2,969,000 sales price ($625,500 FNMA 1st/$1.175M 2nd @ 4.5% APR 0 points)

  • No mortgage insurance
  • 660 minimum credit score
  • 5% must be Borrower's own funds (FNMA guidelines apply)
  • 2 year job history (need current pay stub for W-2 employees or 2 years self-employment)
  • 2-3 months of
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There appears to be a growing number of foreign nationals purchasing real estate in the San Francisco Bay Area and most are closing their transactions with all cash. Even wealthy overseas buyers may prefer financing a percentage of the purchase price rather than liquidating their accounts, or would otherwise consider a higher purchase price. The process of securing financing is a bit more complicated, but generally not too difficult, and can be worked through with reasonable speed. Foreign nationals will need to substantiate their income through income tax filings from their native country or, when unavailable, verify income through alternate means, such as with bank statements showing consistent deposits, a letter from their accountant, etc.  Since they…
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At Marin Modern we often receive inquiries from potential Houseboat homeowners. One of the most important elements of owning

a floating home is the financing. It is not the same as a regular home because a floating home is not "real property". (Though, you

are required to pay property taxes- at a reduced rate compared to similarly priced single family homes).

I called Heather Ziemer, Vice President of Financial Benefits Credit Union about Floating home financing.

(Their number is: (510) 433-9200. They are open 10 a.m. to 4 p.m. Monday through Friday.)

 Here is what she had to say: expect to pay a higher interest rate and you will need 20% down payment. Variable rates are

around  5.25% for a thirty year term. It adjusts twice a year. Maximum

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Multiple Offer Situations heating up again - 

This past week I wrote two offers for two different clients. Both were for single family residences, one in San Rafael, one in south Novato. They attracted 15, and 14 offers respectively. They both went into contract for over $100,000 OVER asking price. Both cases were a bit extreme since they were listed for a bit "under market value" which isn't that common. Yet, it tells us a lot about the eagerness among buyers in Marin right now.

It is more common with multiple offers for homes priced below $1 million. But even in the high-end segment it is common to have 2-5 offers. Any time a house is priced at or below current market value, one can expect more than one offer.


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Lending guidelines are highly restrictive when qualifying borrowers employed through temp agencies. Per conventional conforming guidelines, temporary employment may be considered when the borrower works through an agency and has demonstrated this to be a stable form of income. The borrower's work history must be verified for two years and the borrower must have worked steadily as a temporary employee for a minimum of 24 months. Income is averaged over the two-year period, but not less than 24 months.

This is a very strict requirement and understandably so. The very nature of temporary employment suggests a lack of stability and reliability of income. Unfortunately, workers in the Bay Area's high tech sector (a significant and increasing percentage of

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