San Jacinto, CA MARKET REPORT: SOLDS | 6/21/2009 - 7/20/2009 | VA LOANS in the MARKET
By John Occhi, Mobile Notary Public/Certified Loan Signing Agent
(AZ Veteran Notary Services)
The last segment of the market that we will look at for this report on the homes sold in San Jacinto, CA during the period of 6/21/2009 - 7/20/2009 are for the homes that were financed with a loan for our veterans - either VA or CalVet. These loans are unique in that the Veteran is not suppose to use any of their own money to buy the home - and that includes closing costs.VA Loans are a very small section of the market - the 5 VA Loans that closed escrow during this period in San Jacinto only amount to 4.5% of the overall sales activity. 4 of the 5 closed sales were for bank owned REO Sales - the 5th was a Standard Sale.What can be said for VA Loans is they will typically but the biggest, newest and most expensive homes on the market. While the average home in the market that closed ...