Property DescriptionCute three bedroom two bath home on corner lot in Merced. Perfect for first time home buyers. Don't miss out on this great deal!
- Property Type: Single-Family Home
- Year Built:1995
- Square Footage:920.00
- Lot Size: 0.00 SqFt (0.00 acres)
- Baths:2.00 ()
- 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:Salim Farha
- Listing Office:Realty Executives of Merced
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.