FHA loans are about the only ones out there these days that will let buyers put down less than 20%. In some cases, it’s possible to put down a minimum of five percent. The loan limit is soon to be $729,750.
But that’s for single-family homes, and condos within approved buildings. I wrote a previous post outlining some of these FHA-approved buildings. If you don’t see your building of interest on that list, all might not be lost.
In some cases, the FHA will approve a “spot” condo—i.e., one condo in the building—for a loan. All the condo information needs to be submitted with the loan approval application. The catch? There can only be one “spot” condo in the building. If another unit already has an FHA loan in place, you’ll be out of luck.
When 141 27th Street in Noe Valley (above, left) came on the market in the summer of 2008, I got a little nervous. This is the property directly behind me, and visions of vertical growth danced through my head.
After only 19 days on the market, the 6BR/7.75BA residence located on the wall overlooking the Presidio at Walnut Street is pending. The property reportedly garnered four offers, which is no small feat considering the $8.9M asking price. (Word on the street is that the accepted offer price is in the $9.2M range.) What a home this is, though—three spacious levels, nicely presented, and featuring views of the Golden Gate Bridge. I was a fan.
One of the benefits to writing a blog is being able to showcase my own listings. Welcome to 
80 Teresita is a pleasant enough 3BR/2BA home, on a large lot. But at $1,125,000, I was expecting a remodeled kitchen and bathrooms. A couple comparison points: The most expensive 3BR/2BA home sold in Miraloma since November was 584 Teresita ($1,045,000), which wasn’t comparable in lot size but was nicely renovated. And over the past year, the 3BR/2BA average was $880,389.
526 Teresita’s got the whole Tudor-style thing happening, and there’s nice curb appeal. You’ll need to update the kitchen and bathroom in this 2BR/1BA home, but I liked the overall package here. List price is $749,000.
