Riverside county is located east of Los Angeles and Orange County and expands all the way out to the Arizona border as you pass through Palm Springs, and the upscale cities of Indian Wells and Rancho Mirage. Home prices are more affordable in Riverside and you get a more spacious home than the coastal areas of L.A. and Orange County. In the northern part, Eastvale and Norco have become very popular locations for young families.
The median home value in the southwest Riverside city of Temecula is $423,600 and $389,900 for neighboring Murrieta. Both cities have excellent school systems and are convenient for a commute to Corona and San Diego is less than 60 miles south.
Luxury communities in Temecula include Wolf Creek, Paloma De Sol, Red Hawk, Morgan Hill and in Murrieta they are the gated community of Bear Creek with a Jack Nicklaus designed golf course, California Oaks, Copper Canyon, Eagles Nest, Greer Ranch, La Cresta, Murrieta Hills, Meadow Oaks (in La Cresta). Prices range from $400,000 to over $3 million for expansive estates with canyon views.
Corona, CA is a family-friendly neighborhood with approximately 152,000 residents. It is often called the gateway to the Inland Empire, Corona is conveniently located on the western border of Riverside County and is adjacent to Orange County with commuters using either the 15 or 91 freeways. It is just one hour from the beaches of San Diego or Orange County, and Palm Springs.
The median sales price for single family homes in Corona from Mar 29 to Jun 28, 2017 was $465,000 according to sales data from Trulia of 579 home sales. A 3% down mortgage loan would keep a median valued home under the jumbo loan limits. Although in some of the neighborhoods listed above, homes command a higher price and reach up to $3 million.
Financing Solutions? See below. 1
Bear Creek Community - Bear Creek Master Association
Greer Ranch -
Sycamore Creek HOA
Eagle Glen Master Association
Horsethief Canyon Ranch Homeowners Association
26395 Jefferson Avenue #E
Murrieta, CA 92562
Senior Mortgage Advisor
CalBRE license # 01107204
1. We have special programs with just 10-percent down up to $2.5 million.
What you'll need:
credit scores above 680 • 12 months of PITI in reserves • income to debt ratios below 38 • employment verification • approval by underwriting
Not all borrowers will qualify and loan program is subject to change. Inquire with us to find the ideal loan program and down payment for your situation. As a mortgage broker and lender, access to out the box loan programs is our specialty.