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Renadda Wiggins, Real Estate Agent

Name: Renadda Wiggins, Real Estate Agent
Address: Los Angeles, CA, US
Telephone: +13233777203

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United States
Los Angeles, CA
Renadda Wiggins, Real Estate Agent

Realtor

04/27/2024

Let’s get you into your home 🏠

03/12/2024

Can you buy a duplex as a first home to build your real estate portfolio?

Absolutely. As long as you meet the borrower criteria, you can get approved to buy a duplex as your first home.

What is a duplex?

A duplex is a residential building that is similar to a single-family home but is divided into two separate dwellings. The units sometimes share a wall, or they can be divided into an upstairs and downstairs unit.

Several common loan types allow you to buy multifamily properties with up to four units:

Conventional loans: 15% down for a duplex
25% down for 3-4 units
5% down on 2-4 units with a Freddie Mac Home Possible loan, for borrowers that meet income requirements
FHA loans: 3.5% down with a credit score of 580 or higher
VA loans: 0% down if you have full VA entitlement available

08/17/2022

What is a duplex?
A duplex building is one structure featuring two separate units. If the units are on top of each other, the floor of the upstairs apartment sits atop the first-floor dwelling. If the two units are side-by-side, a common wall separates the abodes from one another. In that scenario, the dividing wall is usually where the stairs are in each unit, assuming it's two floors.
Don't confuse a duplex with a twin home, although the pair do share some similarities.
Like in a duplex, a twin home features a common wall dividing the two units within its confines. Also, similar to a duplex, a twin home looks like two identical houses.

08/05/2022

*Affordable. Manufactured homes are generally less costly when compared to stick built homes of a similar size, but the savings don't stop there. ...

*Environmentally Friendly. The negative impact to the environment tends to be lower with manufactured homes. ...

*Reliable Construction. ...

*Flexibility.

08/01/2022

The 9 Best Neighborhoods to Live in Los Angeles in 2022

Moving to or within Los Angeles, California? Los Angeles is much more than beaches, Hollywood stars and sunny weather. Here are our top 9 neighborhoods to check out before you sign your lease or buy your home.
Top Neighborhoods in Los Angeles, Ranked
9. Playa del Rey & Playa Vista
8. Beverlywood & Cheviot Hills
7. Downtown LA
6. Los Feliz
5. Santa Monica
4. Echo Park
3. Silver Lake
2. Culver City
1. Westwood

07/29/2022

“Daisy” is down payment assistance program designed to make California homeownership more viable. More specifically, it is a second trust deed loan that allows borrowers to apply 2% of the purchase price to be used as part of the down payment, and an extra 1% of the loan amount to assist in covering closing costs. Let me be your realtor!

06/15/2022

How much do homes cost in LA?
Los Angeles County’s median price was $650,000 for a single-family home and $530,000 for a condo in November, according to real estate tracker CoreLogic.

The median sale price includes starter homes and smaller residences meant for one or two occupants, meaning it may actually understate the priciness of the LA market. The median asking price per-square-foot was $440 in November, meaning that a typical single-family home of around 2,000 square feet could be expected to retail for about $880,000.

04/18/2022

Heading to escrow!

04/10/2022

Advantages of an FHA Home Loan
The FHA loan is the most popular government-backed home loan in the country. These low down payment loans are made by qualified lenders and guaranteed by the Federal Housing Administration (FHA).
FHA loans require just a 3.5% down payment for borrowers with a 580 credit score or higher. For homebuyers with less-than-perfect credit, FHA loans offer additional significant benefits. The government backing means average FHA interest rates are typically lower than average rates for conventional mortgages.†
Borrowers with credit scores as low as 500 can qualify for an FHA loan with a 10% down payment. Guidelines and policies will vary by lender.
This historic home loan program continues to open the door to homeownership for millions of Americans who might struggle to secure conventional financing.

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Los Angeles, CA

Telephone

+13233777203

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