Are you a first time home buyer (haven't owned a home in the past three years)... Imagine a home of your own! Southern California Living at a bargain price. Find your Diamond in the rough. We believe we can help you fulfill your dream in a way that most people are unaware of. Your government has a plan that can put you in control of creating the home of your dreams. You choose the location, you choose the colors, you choose the carpeting or flooring and you choose the appliances. When you move in, you have the home that you created at a fraction of the costs. There's more... You can move in as soon as it is ready and have a month or two before your first house payment is due.

Here is an example of how it works...

3 Bedroom - 1 Bathroom - Nice Neighborhood - Foreclosed and Bank Owned - Needed Repairs
Before Needed Repairs	60 Days Later
Home Value Approx. $60,000	Home Value Approx. $115,000
This home received a new roof, new front door, landscaping, and energy efficient windows. Additional work was done on the inside to make this home nearly brand new. Check out the pictures below to see what is possible.

Every home that we find for you will need some work to make it ready. We will work with you to get the FHA 203(k) loan. This loan covers the purchase price of the home, and the repairs necessary to make it livable. BargainSoCalHomes will take care of everything else for you. You just have to choose how you want things to look, and we will bill the FHA directly for the work. The best part about this loan is that you only need a 3.5% down payment in order to purchase this home. In most cases it is cheaper to own the home than rent the same house. We can roll the first 6 months of payments into the loan and you won't have to make a payment for 6 months.

Property Cost Before Rehab $60,000.00 Total Rehab Costs $35,000.00 Total Loan $95,000.00 Length of Loan 30 Years Interest Rate 5.5% Down Payment $3,325.00 Insurance $500.00 Annual Taxes 1.5% 1,425.00     Monthly Payment $680.94

 

Original Kitchen Old outdated cabinets, floor and appliances	New Kitchen New Cabinets, Floor & Appliances
Original Bathroom Old outdated walls, tile and vanity	New Bathroom New Floor, Paint and more

Let us find you home. Click the button below, tell us about your dream home, and where you would like to live. We will send you over some possible properties that you can look at and find your diamond in the rough. We will take care of the rest.