Can I get a Loan during the Coronavirus Shut Down?

buyers

Jason Buck asks some important questions in today’s real estate market specifically; Can I get a Loan during the Coronavirus Shut Down?

Jason is practicing “stay safe” measures and had a zoom chat with Wells Fargo representative Allen Bond – NMLSR ID 486412

Yes – you can get a loan up to $3 million with 20% down.  Most of the appraisals are drive by at this time as to not enter the property. Rates are very attractive under 4%.  The re-fi market was flooded with applications and caused rates to come up a bit, however, new purchases are a priority.  Loans are still taking about a month without delay.  Specialized loans like cross collateralization may take a bit longer but this is a great way to purchase an upleg property and then sell your current residence without making a contingent offer in a hot market. Yes, homes are still selling quickly if priced well, and sometimes with multiple offers.

A lot of sellers have put their house on “hold” while waiting for everyone to get back to work. Agents are searching the hold properties looking for deals as many Buyers are still ready to go in this market.  Its an interesting and exciting time with many opportunities. If you would like more information, please contact me for a list of homes or to learn more about your qualifications.

Allen Bond   Sales Manager –  NMLSR ID 486412

3104698970 (Office)
500 Silver Spur Road
Rolling Hills Estates, CA 90274

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About the Author
Jason Buck
Jason Buck is a lifelong Palos Verdes native and a trusted name in Los Angeles real estate. With over 26 years of experience and more than $230 million in closed sales, Jason offers unmatched knowledge of the Palos Verdes Peninsula and surrounding South Bay communities. His deep understanding of the area's rich history, unique neighborhoods, and zoning intricacies makes him a top resource for both buyers and sellers.

What sets Jason apart is his hands-on experience with home construction and remodeling, giving his clients a sharp eye for value, potential, and craftsmanship. As a consistent leader in local real estate, he combines this knowledge with a powerful digital presence, promoting listings on his successful YouTube channel: YouTube.com/PalosVerdesHouses. His video marketing strategy not only highlights each property’s best features but also provides insight into the market trends and lifestyle of the coastal South Bay.

Whether you’re buying your dream home, selling for top dollar, or investing in Palos Verdes real estate, Jason’s professionalism, local expertise, and client-first approach make him the best Realtor in Palos Verdes to guide you every step of the way.

Specialties: Palos Verdes homes for sale, South Bay real estate, luxury listings, ocean view properties, Los Angeles investment properties, YouTube real estate marketing.

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