Single-Family Home on F Street, Los Banos, Merced, CA
Property DescriptionTwo houses on one property. City ordinance requires one unit to be owner occupied the second unit can be rented. City fees due on property and will be paid by Seller at close of escrow.
- Property Type: Single-Family Home
- Year Built:2007
- Square Footage:2361.00
- Lot Size: 0.00 SqFt (0.00 acres)
- Baths:4.00 ()
- Siding / Exterior:Stucco
- Drive way:Atta
- Air Conditioning / Heating:Central Heat & Cool
- Water/Sewer:Public Water
- School District:Merced
- High School:Merced
- Junior High School:Merced
- Grade School:Merced
- Listing Broker:Jose Nunez
- Listing Office:Cal-Prime Realty
Amenities / Utilities
- Tennis Court
A government loan program geared towards owner-occupied, first-time home buyers. Down payment can be as low as 3.5%. However, the buyer will have to pay the PMI (Principal Mortgage Insurance).
Down payment can be as low as 5%. For down payments lower than 20%, the buyer will have to pay PMI (Principal Mortgage Insurance). If the down payment is 20% or more, there will be no PMI charged to the buyer. When purchasing an owner-occupied property, interest rates may be lower as compared to purchasing an investment property. The limit for a conventional loan in Fresno County is $453,000. Loan limits are subject to change.
A loan above the conventional loan limit is considered a jumbo loan.