Here's a quick update on the Alhambra housing market. More homes are selling now than before, and prices have not changed much. Homes are moving at a steady pace, with a good number available.
Author: radlamthaithemortgageguy-com
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Alhambra Home Prices Are Softening—Is This Your Window?
Alhambra’s housing market is showing a meaningful shift: the median sale price is $849,438, down 3.0% year over year, while the median list price has fallen 7.4% to $841,532. With median price per square foot at $591.52, buyers may find more room to evaluate value and negotiate. At the same time, homes sold increased 42.5% year over year, signaling stronger activity and potential competition. In this carousel, we’ll cover how to read the latest numbers, look beyond asking price, strengthen your preapproval, and build a smart financing strategy. If you’re considering buying in Alhambra, connect with a mortgage professional to review your options.
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Are You Missing out Without a Broker? | Mortgage & Real Estate Updates: VA, FHA, HELOC, DSCR, 1099, P&L, Hard Money, Land, Farm, Fix & Flip, No-Docs, Commercial Loan
Over the years, I’ve seen how easily good people get overlooked by the big banks—especially first-time buyers and those whose finances aren’t picture-perfect. That’s where working with a mortgage broker can make all the difference. Unlike banks, brokers have access to a wider range of deals, including some options that never make it to the public eye. I focus on finding those hidden opportunities, tailoring solutions that take into account your income, credit, deposit, and the unique properties you’re considering. For anyone who’s been told 'no' or feels boxed in by traditional requirements, there’s often another way forward. Sometimes, the right fit just takes a little more searching—and someone who knows where to look.
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Arcadia Market Update | Mortgage & Real Estate Updates: VA, FHA, HELOC, DSCR, 1099, P&L, Hard Money, Land, Farm, Fix & Flip, No-Docs, Commercial Loan
Sharing a quick update on the Arcadia housing market: homes are moving steadily, with over a hundred sold recently. Both inventory and buyer interest are holding firm, which means opportunities remain consistent for those looking to make a move. As someone who specializes in helping buyers with unique financial situations—especially when the usual routes aren’t an option—I keep a close eye on these patterns. Whether you’re a first-time buyer or your finances don’t fit the typical mold, understanding local trends is key to making informed decisions. Growing up in the San Gabriel Valley, I’ve seen how steady markets like Arcadia can open doors for those who might have been overlooked elsewhere.
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States Where New Mortgage Lending Has Changed
As someone who’s spent over a decade guiding borrowers through the maze of mortgage options—especially when the usual paths are blocked—I keep a close eye on how state laws impact our journey to homeownership. Recently, several states have rolled out new mortgage regulations: tighter rules on marketing, clearer disclosures for borrowers, stricter licensing, updated foreclosure procedures, and stronger consumer protections. What does this mean in practice? More transparency, and fewer surprises for folks navigating an already complex process. For anyone whose finances don’t fit the mold, these changes are a reminder that the landscape keeps shifting—and a little extra clarity can make all the difference.
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Current California Mortgage And Refinance Rates
California’s mortgage market is seeing a shift—average APR for a 30-year fixed mortgage has risen to 7.123%. We’re also noticing increases for both 15-year fixed and jumbo mortgages. Refinance rates have climbed as well, mirroring national trends. With my 13 years of experience navigating these changes, I understand how a rate move impacts every borrower differently. At Groves Capital, Inc., our access to over 160 lenders means I can help you explore a broad spectrum of options, from conventional and government-backed loans to specialized products. Whether you’re considering a purchase or a refinance, understanding these rate trends is essential to making informed decisions tailored to your financial goals.
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Rates Rose 0.25%: Should You Refinance?
After the Federal Reserve raised its benchmark rate by 0.25% and signaled another possible hike before year-end, homeowners should review their financing strategy carefully. If your existing mortgage rate is in the 3%–4% range, a cash-out refinance may replace low-cost first-mortgage debt with a significantly higher rate. A HELOC or home equity loan may let you access equity while keeping your current mortgage intact. Borrowers with strong credit and a combined loan-to-value ratio of 70% or less may see rates around 7%–8%, though pricing varies by lender, qualifications, fees, and loan terms. Compare the total cost and monthly payment with a licensed mortgage professional before deciding.
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Breaking down barriers to achieve the American dream: How first-time homeownership is possible
Rising home prices and interest rates have reduced first-time homebuyers to 21% of purchases, the lowest since 1981, despite 49% of adults wanting to buy a home. Common myths include needing a 20% down payment and perfect credit, but loans like FHA, VA, and USDA offer lower down payments and credit requirements. Additional costs like closing fees and reserves also affect readiness. Various federal, state, and employer programs assist buyers, emphasizing education and flexible options to improve access to homeownership.
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Reverse Mortgages: Should Retirees Consider One? | Mortgage & Real Estate Updates: VA, FHA, HELOC, DSCR, 1099, P&L, Hard Money, Land, Farm, Fix & Flip, No-Docs, Commercial Loan
When buyers cannot qualify for a mortgage, some turn to land contracts, a seller-financing option that often leaves them with fewer legal protections.
Researchers found land contracts were commonly used when traditional mortgages were harder to obtain for low-cost homes, manufactured homes, rural properties, and older fixer-uppers.
The central takeaway was straightforward: better mortgage access was linked to less reliance on land contracts, pointing to safer financing pathways for buyers.
Potential solutions included expanding small-mortgage availability, modernizing manufactured-home titling, and improving renovation lending so more homes and borrowers can qualify for mortgages.
Because land contracts are likely to remain part of the market, stronger recording rules, clearer standards, and better buyer protections were recommended. -
First-time homebuyers could soon get a new way to find $35,000 for a down payment
A bipartisan bill proposes allowing first-time homebuyers to use up to $35,000 from 529 college savings accounts for a down payment without penalties. This would apply to leftover funds typically restricted to education expenses. The bill aims to help families afford homes by providing more flexible use of savings. It complements existing rules allowing penalty-free IRA withdrawals of up to $10,000 for first-time home purchases.
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