Raymus Homes has joined the HELP Program administered by the Rainy Day Foundation

Raymus Homes wants to provide a financially stable home life for all of our home buyers. To fulfill this mission, we have partnered with the Rainy Day Foundation to provide our homeowners with financial protection should they experience unforeseen financial difficulty in the first two years of home ownership. The HELP program, administered by the Rainy Day Foundation, offers educational and financial programs to properly assist homeowners when faced with the unexpected. Each time we sell a Raymus-built home, we will enroll the home buyer in the HELP program. Should our homeowners become involuntarily unemployed during the first 24 months of home ownership the program may pay their mortgage for up to six months (up to $1,800 per month). If the homeowner experiences any other type of financial difficulty, the program may be able to assist with that too. It’s our way to help improve the challenges that unfortunately many Americans face today. To find out more about the program, please contact Ryan Bray at (209) 887-2172.

Currently, Raymus Homes, Inc is building a new neighborhood in Linden, aptly named Country Faire. Our sales office is located at 5545 Giovanni Court in Linden and is open Friday through Tuesday from 10 a.m. to 5 p.m. To reach Country Faire from Stockton, take Highway 99 north to Highway 26 and head east. Then turn left on Duncan Road, follow the signs to Monte Vista Drive and turn right onto Giovanni Court. For more information, please phone (209) 887-2172 or visit www.raymushomes.com

Based in Manteca, Raymus Homes is a home builder focused on first-time and move-up homebuyers in San Joaquin County. The company offers more than 40 years of experience and utilizes top-quality craftsmen and materials. Raymus Homes chooses to build just 120 homes per year to allow families the opportunity to personalize their residences. Every home is built with uncompromising integrity and attention to detail, customized to the unique needs and lifestyles of each homeowner.

Mortgage Rates Drop to Three-Month Low

According to a survey conducted by Freddy Mac, 30-year-fixed-rate mortgage rates were 5.12% during the week ending August 20th. Freddie Mac's previous survey had indicated that rates were 5.29% for the prior week.

Low rates, coupled with the tax credit for first-time homebuyers are making it a great time to purchase a new home. But you must HURRY! The tax credit is only available on homes purchased before December 1st.

If you are looking for a new home in a GREAT location, come see us in Linden!

http://www.raymushomes.com/countryfaire.html

Good News! New Home Sales Rise 11% in June!

The AP is reporting that new home sales rose 11% in June, more than any month in the past eight years! Read the article below....

http://tinyurl.com/elevenpercent

New Service Request Page Online

We at Raymus Homes have been busy making our website more useful and easier to navigate. Among other changes, we have recently updated our Service Request page. You can now download a service request form directly from our website. (http://raymushomes.com/serviceRequest.html)

In addition, we have laid out the service request process, included time frames when possible and provided multiple methods for contacting our customer service department.

Our goal is to make the process as simple as possible. If you feel that we've left something out, please contact us. We are always looking for ways to improve your home ownership experience.

Oh and by-the-way, keep those referrals coming! Through the years, your referrals have been a huge part of our success!
THANK YOU!

100% FINANCING EXISTS IN LINDEN

LINDEN Qualifies For USDA Rural Housing Loan Program
(United States Department of Agriculture)

The USDA Rural Housing Loan Program is designed for buyers to finance properties located in rural areas. Rural is defined as any town of 25,000 or less that is not adjacent to a large city or that is not part of a continuous urban area

· Up to 102% Financing available requiring no down payment
· Program is not limited to First Time Home Buyers
· Owner Occupied Residences only of SFR’s, Condominiums, PUD’s, and 1/2 of a duplex
· No Principal Mortgage Insurance (P.M.I.)
· Conventional 30 year fixed program with no pre-payment penalty
· Mid FICO Scores below 620 require a manual underwrite with the lender
· No Bankruptcies within the last 36 months
· No more than 1 payment being 30 days late within the last 12 months
· Non traditional credit allowed
· Income and geographical limitations will apply
· No assets/reserves required
· Escrows/impounds are required
· Max Debt to Income Ratio is 29%/41% however exceptions can be made
· Home buyer education is required for First Time Home Buyers only
· Maximum of 6% seller contributions towards buyers RNRCC costs

Is it possible that waiting for prices to fall could price you out of a home?

See this blog post by Ted C. Jones, PhD, Senior Vice President—Chief Economist, Stewart Title Guaranty Company.

http://blog.stewart.com/?p=68

Loan Rates - Where do you get your information?

If you are in the market for a new home and waiting for interest rates to fall, you may want to read the article below. We all want to get the 'best' deal. That said, no one ever knows when the 'best' deal might come. Could we lose more than we gain by waiting? Perhaps. Read on.....

By The Time You Read About Low Mortgage Rates, It Was Already Too Late To Get Them
Thursday morning, homeowners in different parts of the country awoke to find similar-sounding newspaper headlines:

Rates on 30-year mortgages sink to 4.78%, a new low (LA Times)
Mortgage rates at record low for 2nd week (Miami Herald)
Mortgages hit another record low (San Francisco)

The underlying story was that Freddie Mac's weekly Primary Mortgage Market Survey showed the lowest, average 30-year fixed rate mortgage in its 38-year, rate-tracking history.
Once again, however, the headlines came too late for homeowners.

Prior to Thursday's market open, mortgage markets had already worsened from their record-setting levels. Slowly at first, and then with momentum. The shift pressured rates higher so that when lenders issued their Thursday morning rate sheets, most showed an 1/8 increase from Wednesday's close.

The negative momentum carried into the afternoon, too, forcing a second increase of an 1/8 percent.

The Freddie Mac survey may have been accurate when the sun came up Thursday, but by the time the sun went down, it wasn't even close. It's why you can't do your rate shopping by watching newspaper headlines. Mortgage markets are volatile and rates often change without notice.

Thursday, they did it twice.

Thanks to Daniel Sosa at PMZ Home Loans for the article
Daniel Sosa (209) 298-8017 dsosa@pmzhomeloans.com