Tehachapi Home Buyers See Mortgage Fees Increase

Fannie Mae and Freddie Mac are raising risk fees charged to lenders on loans they buy for resale to investors for the first time since 2009.  They are also adding risk fees to more loans offered to borrowers with exemplary credit.   Although lenders could absorb the cost, most are expected to add the fees to loan costs. To avoid a fee or to receive a discount, most borrowers will need FICO scores of 740 or better and down payments of at least 25 percent. The fee…

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Tehachapi Real Estate Market Statistics

Many folks find making comparisons interesting.  So, whether you live in the Tehachapi area now, or are thinking about moving here, you can check out how the major Tehachapi communities compare in active and sold listings. The data shown in for 2010 through November 17.  It was gathered from the Tehachapi Area Association of REALTORS® MLS.  Note that TSA stands for the Tehachapi Service Area and includes all the data for the communities shown as well as the other smaller communities in the area. Let…

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