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Thank you for taking the time to comment. Though I agree that Vallejo has faced its fair share of challenges, it's also made large strides. I am a current Vallejo resident and have been for several years. Here is what my clients and I have experienced: Strong and steady home value appreciation. Not only is it more affordable and affords folks the opportunity to buy when they couldn't otherwise, most are enjoying really strong and steady home value appreciation. Schools have worked hard to serve their students and they continue to rank higher and higher on greatschools.org and niche.com. Costco believes in the value of Vallejo so much that they are re-investing millions of dollars to expand their property and build a new warehouse. Costco meticulously selects areas that they believe will continue to enjoy strong home values with resident incomes that are higher than the national average. Vallejo is not without its faults, just like any other city. It may not be for you but it's offered a lovely home to myself and many others.

Thank you for taking the time to watch and comment! What would be most helpful? An updated idea of pricing and special offers or perhaps more of a tour? Also, if you are hoping to take a tour in person, just let me know and my team will be able to help!

Thanks for taking the time to watch. Can you please elaborate on your comment "Don't fool yourself". I'm curious to know your thoughts

Thank you so much!

Sorry to hear about your husband losing his job. Definitely check with your agent to confirm but typically, if you still have your loan contingency in place, you should be able to back out and still get your earnest deposit back. If he’s lost his job, I would assume that he would no longer qualify for the loan. The loan contingency protects buyers in the event that they don’t actually qualify for the loan. Again, I would check with your agent to make sure that your contract is written as such. I hope that’s helpful

@@barclaywebster1771 Glad you found it helpful! Thank you for watching

Thanks so much for watching and taking the time to comment! The model homes unfortunately do not have accessible garages, so I don't have any pictures to share. If you are interested in visiting the community to see the model homes in person, please reach out to me at monroe.erika@gmail.com. The Cascade at Waterstone website has an option to see both interior and exterior pictures of each plan. You can also scroll down to the bottom to see the dimensions of each room, including the garage. www.tripointehomes.com/ca/bay-area/cascade-at-waterstone/plan-1-108852/

So glad you enjoyed it! Such a pretty downtown, especially in the summer!

I'm not sure I understand the question. Anytime you transfer title, the original Dream for All loan becomes due. I would ask a trusted lender about questions regarding your options to buy a home within a trust. I am unsure if that is possible since the owner on title must occupy the home as a primary residence and a trust cannot do so. Again, please ask a qualified CLHFA or Dream For All pre-approved lender about your specific scenario. Thank you for watching!

Hi there, Hiddenbrooke is part of Vallejo. However, the neighborhood/development is separated from the main city by about a 10 min drive on I-80

Thanks for watching…the music selection is pretty limited but I’ll keep it in mind

Thank you so much! Glad you found it helpful!

That’s amazing Richard! It’s such a beautiful community! Thanks for sharing

Fairfield my home my dad retired fire chief from travis AFB I'm so proud of him and his accomplishments, and thanks for acknowledging the technician that Miller Sorg created me to be .

Hi Mark, thank you for your insight. I'm sorry to hear that you got priced out of Fairfield but I hope you are enjoying Spokane. It's a very nice place and has grown so much in recent years. Cheers and thank you for watching!

I'm so glad you found the information helpful! Please always feel free to reach out with any questions about the buying process. I absolutely love working with first time homebuyers!

Thank you for your support!

Thank you very much for the kind words and for watching!

Hi Carlos! Thank you for the comment. I would highly recommend that you speak to an experienced lender because I don't believe that's a hard and fast rule. In my experience, some borrowers have been able to get up near 50% of their debt to income ratio (FHA allows for POSSIBLY 57%, though I believe the mortgage percentage maxes out at 47%). In order for you to get accurate and specific information, feel free to email me and I'll send over some great and trusted lender names. You can simply have a chat without feeling forced to commit. They'll be able to help determine your specific max purchase price.

Hi Julia, great question! Income is based on Gross income of all borrowers, not adjusted gross.

Hi Shane, I hear your frustration and appreciate you sharing. I know a lot of folks were disappointed by the new strict guideline. The cost of living and housing has exponentially increased compared to the average salary, and I personally have a lot of clients who feel that their parents' ability to own a home has no direct impact on their ability to do so as well. I am hopeful that there may be another program out there that would help you achieve your goals. Have you explored any other down payment assistance programs or potential grants? Feel free to email me if you have any questions. Happy to help however I can. Monroe.erika@gmail.com

Hi Carlos, I hear you. It's exciting but also frustrating that not everyone will get the help they need and deserve. I doubt everyone will be able to use the $150,000 max. The DFA loan is either 20% of the purchase price (actually, the appraised value) OR a max of $150,000 - whichever is LESS. That means that in order to utilize the full $150,000, the buyer would have to qualify to purchase a $750,000 house/support a $600,000 mortgage. I don't think everyone will be able to max out the funds and qualify for that high of a mortgage. Definitely worth looking into qualifying and/or explore other down payment assistance programs as well to compare. Hope that helps!

Thank you! That’s a great question. Overall, FHA interest rates tend to be lower than conventional because FHA loans are Federally backed. They are insured by the Federal Housing Administration. If a buyer defaults, it’s less risky to the lender because they have the reassurance that it’s insured by the FHA. Conventional loans are private funds that are not insured by the FHA, so lenders can’t necessarily afford to reduce the rates as far. Keep in mind that SO many factors go into the rate a lender determines they can offer each buyer. Factors such as debt to income ratio, credit/Fico, etc. I hope that helps!

Thank you for the feedback. I’ll make sure to turn the volume up on my next video!

Thank you so much! I strive to provide as much value as possible, so I very much appreciate your comment!

Great question! For the previous round, you would have to repay the 20% downpayment and 15-20% appreciation gained when the title changes/ownership changes. For example, if you left your house to your children, even if you didn’t sell, ownership would change hands and my understanding is that the loan would be due at that time.

In addition, if you refinance more than one time, the dream for all loan would be due, regardless of not selling your home. I hope this is helpful! We should have updated guidelines soon

Hi there, it depends on how quickly the home would gain appreciation or how quickly you would be able to save funds for the next home purchase. Remember that you will need to pay back the 20% down payment as well as 15-20% of the home appreciation you've gained. You will also need funds for the down payment of your next home. In my opinion, if you plan to move within 5 years, you may not gain enough appreciation to be able to afford to move. That being said, we don't have a crystal ball on where home values will go so it's hard to say exactly how long you would have to live in the home. I hope that is helpful though

@@ErikaMonroeSolanoCountyRealtor what if u purchase a home through the program and then five years later you decide you want to rent it out and purchase another home. Is that an option?

@@jarjah6322 great question! My understanding is that it must be owner occupied, but happy to double check and get back to you shortly.

@@jarjah6322 Please feel free to email me at monroe.erika@gmail.com. I can forward the old guidelines. The previous guidelines did not specify turning into a future rental...the new ones may, so you would have to wait until the new guidelines are available to know for sure.

There are a handful of different builders over the several years of construction. Was there a particular home/area of the community that you were asking about?

Hi Saraiv, are you relocating for military or work? There are so very nice areas of Fairfield and close proximity to SF. Happy to help answer any questions you may have!

Thank you so much! That’s so kind and I appreciate you watching!

Thank you so much! A little decor update can and will go along way for the sale of your apartment! Best of luck to you and thank you again for the kind words!

You’re correct. Inflation has been more stubborn than even the professional analysts expected. Fannie Mae had projected for rates to be in the 4% range by now. Hopefully we will see some improvement next year. Thanks for watching

Thank you so much!

Thank you so much!

That is so kind of you. Thank you so much! I love living here and sharing our beautiful city with all who are interested.