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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Spectacular Stallion Springs Open Houses Today!

Three open houses in Stallion Springs today! Three different price ranges available, starting at $149,000.  All three houses are open today, Sunday January 23 from 12-3 PM. Enter at each open house for a chance to win a $60 Pacino’s gift card (one entry per household per location).  The more open houses you visit the more entries you get! Information deemed reliable, but not guaranteed. Presented by:

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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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Working Together Works!

There’s been a lot of discussion, rallying, support, emails, phone calls, and more in an effort to keep the Stallion Springs Fire Station open.  In case you missed it, there was a good chance that it was going to fall to the Kern County Supervisors budgetary axe.  I’m please to report that all the hard work worked! I received this email this morning from Susan Mueller: THANK YOU FOR YOUR SUPPORT AND YOUR COMMUNITY SPIRIT!!!! THE FIRE STATION WILL NOT CLOSE!!!! We had some 100 residents…

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