Conventional loan amounts up to and including $417,000 are considered Conforming loans, or Agency loans, and are typically backed by Fannie Mae and Freddie Mac. In San Diego County, conventional loan amounts greater than $417,000 and less than or equal to $697,500 are considered High Balance Conforming loans (also known as Conforming Plus, Conforming Jumbo, and Agency Jumbo). Some areas, like Los Angeles and Orange County, have high balance conforming limits as high as $729,750. These loans are still backed by Fannie Mae/Freddie...continue reading...

Join Windermere Exclusive Properties at the Bernardo Winery on September 12th as we sponsor this year's Twilight Concert on the Green. Proceeds will benefit the Rancho Bernardo Historical Society and the Poway High School Music Boosters. A historical event, the Twilight Concerts are reminiscent of the Concerts held on the greens decades ago. Celebrities like Bob Hope and many more entertained crowds of Rancho Bernardians. In 2006, the Rancho Bernardo Historical Society decided to resurrect the bygone Concerts at the Bernardo...continue reading...

Although these bullet points are posted everywhere possible, including the IRS website, many people overlook the following items regarding the $8,000 Federal First Time Home Buyer Tax Credit: If the property ceases to be the owner’s principal residence during the first 36 months of ownership, the ENTIRE tax credit must be paid back, it is not pro-rated. Buyers are not eligible for the tax credit...continue reading...