Evan Tando, Mortgage + Real Estate Broker

Just Funded this VA jumbo cash out loan to 93% at $1,325,700. After our client was denied by other lenders, we were able to give him a rate, over half a point lower than he was offered, while also providing him a lower term via an exception through our strong partnership with the nation’s largest wholesale lender. There’s nothing more satisfying than being able to take great care of our vets with the best pricing and products available. 🇺🇸

This deal was challenging! It was the first offer submitted for this incredibly special family. They were in love with the vaulted ceilings, natural light and prime Golden Hill + South Park location. It was perfect for them. However, once we got into escrow, we had some challenges. Condos are some of the toughest to finance right now. Whether it is challenges with insurance, the questionnaire or budgets, there can be many variables which can affect financing. And this unit, had it all. This particular complex is very small and self run. They also had a negative budget and both the listing agent and the seller thought that we would not be able to get conventional financing with 5% down because of this. But I never give up. And after 2.5 weeks, I was able to get in touch with the HOA President who was able to authorize an updated 2024 budget with a positive number. With 4 days left to spare in the original escrow period, we were on our way to close on time!! After almost 3 weeks of uncertainty, I was able to tell these first time home buyers, that yes, they were in fact buying this home and closing in just a couple of days! Congrats to all parties! We were so happy to be able to pass keys to you and your family!

We funded this Jumbo Cash Out deal last month with a rate of 6.375% on a 30yr fixed. Our clients were able to pull out over $550k with plenty of room to spare. We have some great jumbo products with incredible pricing, especially for those that are self employed. These deals move just as quick as traditional financing with guidelines to suit a variety of needs. Congrats to these long time clients and friends of ours!

We closed out on this jumbo loan last month in 7 days as part of a concurrent sale. These buyers were able to secure this Point Loma property while competing with multiple offers including cash, due to our guaranteed 7 day close. These buyers also took advantage of our low 30yr rates which rivaled other lenders, including those who were offering ARMs. Congrats to these buyers who were able to move quickly and take advantage of our incredible jumbo financing program.

Come join us this Saturday and Sunday from 10a-4p at 5701 Lance St in Del Cerro for our first showings during open house.

Check out what your summer could look like here with your family and friends, enjoying a pool party in the back yard or winding down in the Caldera saltwater hot tub with 38 hydrotherapy jets, watching the sunset to the west. ��5701 Lance St�4bed/2.5 ba
2496sf || 9,000sf lot�Pool + Spa home�2 car garage + RV Parking

Offered at $1.55m��Open Sat + Sun 10a-4pm

Fannie Mae and Freddie Mac, who guarantee the majority of mortgages made in the US, announced today that while they are aware of the NAR proposed settlement agreement, they will not be making any changes to their selling guide.

However they wanted to clarify that they will continue to allow sellers to credit buyers 2-9% of the purchase price towards their closing costs, depending on the loan scenario, as well as any other fees that are customarily paid for by the seller, such as buyer agent fees.

FHA and VA have not made their own announcements yet but it wouldn’t surprise me if they take a similar stance.��If you have any questions regarding the NAR Settlement and how it may relate to your real estate or lending situation, please don’t hesitate to reach out.

One of the best things about being a part of the real estate industry is that I am able to stay connected to people for decades at a time, watching their families grow, their careers blossom and businesses explode, while helping them build their real estate portfolio. It's an absolute honor to be trusted year after year by clients, helping them build their real estate portfolio. Grateful to have been recognized among the top 5% of Realtors in San Diego for 2023 by the San Diego Association of Realtors. Huge congratulations to all my colleagues who joined the Circle of Excellence for 2023 with SDAR. Thrilled to be part of such a dynamic and competitive market!

Check out this stunning Point Loma property with impressive water and city views! We funded this jumbo loan in just 7 days, swooping in to save our clients over $500/month in comparison to the rates they had secured at a big bank. Huge congrats to this well deserving family on their new home and thank you for allowing us to help get you there!

Earlier this month, we provided financing for this stunning Alpine estate with one of our exclusive Jumbo products. Offering the most competitive rates in the nation, out pricing major retail banks and credit unions, our quick turn times and attention to detail consistently assist our clients in securing accepted offers and moving into homes with payments that suit their financial needs. Congratulations to these buyers and a huge shout out to Cameron for securing this incredible property for such a deserving family.
⁣⁣⁣⁣⁣

Just funded this jumbo loan at 6% on a 30yr fixed for some lucky buyers who locked in this beautiful Spanish home with ADU off Santa Monica with sweeping views of Ocean Beach at just the right time.

Properties with ADUs can help you obtain financing for higher purchase prices because you can use the future rental income from the ADU to help you qualify. ��Be sure you know about loans that allow ADU income! We have an exclusive jumbo product available that allows for ADU income without an active tenant and without prior landlord history. As a wholesale mortgage broker, we have access to over 150 banks to find a product that works best for you.

Huge props to the buyer’s agent who kept an eye on this property for a few months and negotiated the final sales price at $400k off the original list price for these buyers. There are still plenty of opportunities out there if you have a solid team on your side. 👊��See below for details on home loans that allow ADU income:

⭐️ Jumbo Loans: ADU income is allowed on a purchase without prior landlord experience or an active tenant in place. ADU income is also allowed on refinances.��⭐️ Conventional Loans: ADU income is allowed on a purchase without prior landlord experience or an active tenant in place. ADU income is also allowed on refinances.

⭐️ FHA Loans: ADU income is allowed on a purchase without prior landlord experience or an active tenant in place. You can only have one ADU on the property. ADU income is also allowed on refinances.

⭐️ VA Loans: ADU income is allowed on refinances with 2yrs prior history of income for the unit on tax returns.

If you or someone you know has any questions about qualifying for a property with an ADU, please feel free to DM me any time or click on the link in my bio for a free consultation. ��.

While we enter our 20th year in business, we know that awards like these are earned by both our partnerships in the industry (thank YOU) and our diligence in reviewing our clients’ files for so many years.

Check out one of our awards from 2023, recognizing us for industry-leading closing times! On average, in just 7 days from opening escrow, we ensure a ‘clear to close’ status, eliminating any additional conditions before ordering loan documents. With us, you can open escrow and prep for closing within a week!

Our attention to detail in the pre approval process aids clients in securing accepted offers by reducing or eliminating loan and appraisal contingencies amidst competitive bids.

Our review for our self-employed, variable income, and multiple property owner clients includes an approval by a human underwriter for a thorough evaluation prior to contract submission.

This detailed approach instills confidence in our clients and their agents, especially when navigating tight deadlines, as all details are handled prior to submitting offers.

Thank you to our clients and partner agents for your continued trust with your business. We look forward to making 2024 another year of massive success for all!

🤔 You want to know the best time to buy real estate? It’s when you can afford it. With Interest rates on the rise this past week, it has some buyers second guessing their next real estate move. ��📊 This chart is a great illustration, showing the year-by-year appreciation of a $100,000 home over a decade. Since 1942, there's only been one instance of a 10-year decline in home value, during the peak of the housing bubble in 2006.

🏡 We've compared today's housing market to that of 2006 many times. Back then, there was a surplus of homes but a shortage of buyers. Today, it's the reverse: a scarcity of homes and a surplus of buyers.

🚀 Despite the volatility of rates, anticipate continued housing gains well into the foreseeable future.

Thanks to MBS Highway for this awesomeome graphic!

Closed out on this solar heated, salt water pool home in Rancho Penasquitos for $1.495m exceeding the last highest comp by almost $100k during a time when rates were peaking. Property came with plans for a 1200sf ADU to install behind the pool, perfect for in laws or extra income. Huge thanks to my seller who was open to feedback and pricing, resulting in a full price, cash offer. Congratulations to all parties and cheers to the next adventure for this long time client of mine!

👐 This month we have chosen to donate to multiple families who were victims of the recent floods in San Diego. Several homes, cars and businesses were damaged in the historically high rainfall. Should you be moved to donate or volunteer, please see comments for links to places you can go to help.

Have you heard of an “asset depletion” loan or using “assets as income”? Yes, you can use your assets as income to qualify for a standard conventional loan backed by Fannie or Freddie. I was introduced to these borrowers who had several streams of income including business income, interest and dividend income but also assets to use as income. After shopping for home loans and being told they would only qualify for a 9.5% non qm loan, we had them approved for a standard conventional loan utilizing all of their types of income at 6.477%, saving them almost $2k/mo in payment! Three weeks later, they closed on their dream home, next to their grandkids and are dreaming of sunny days swimming in their pool with their family. Congrats to these happy grandparents and all parties involved!

🔺SAVE THIS🔺Loan Program Cheat Sheet 👉 From $0 down VA or USDA to your standard Conventional or FHA loans. We even added some of the guidelines to our Jumbo products.

🤩These are just the basics but this chart will give you an idea of where to start when trying to figure out which loan program is best for you.

📝 DM the word “Loan” for a free copy of my Mortgage Guide.

Ended 2023 closing on this bungalow, sitting on a canyon in Azalea Park for our Out-Of-State seller. We had multiple offers on this one with the winning bidder, willing to pay $19k over the appraised value and accepting the property as-is. It was the perfect offer for this seller who was working on a 1031 exchange with his unplug property already identified. We assisted in prepping the home for sale which included interior and exterior repairs, paint and landscape work. Huge congrats to these repeat clients. Excited to see them grow their portfolio throughout the US. Sold at $694,000.

💥Here’s a quick way to see how much of a house you can afford with just 5% down, based on your gross monthly or yearly income. You can see on the second slide, when we looked at this in early September when rates were at 7.25% (before the jump to 8%). As you move further down the chart, you can see that affordability changed by up to $50k in purchase price just from the 0.625% change in rates.

🔺These examples are all based on a 5% down payment on a conventional loan along with today’s national average rate of 6.625%.

🔺Maximum payments are based on 50% of a borrower’s monthly gross income. This is the total amount of your paycheck before taxes or any other deductions.

🔺All payments include principle and interest, property taxes, home owner’s insurance and mortgage insurance.

🧐Don’t see your income? Send me a DM and I can shoot you the details.

👉 Go to my website to check rates or start your loan application today. www.EvanTando.com

💰💹💲 Follow 👉 for tips on real estate, mortgage and investing so that you can build your own generational wealth through real estate and taking control of your finances.

🏡 San Diego’s median home price today is $1,300,000. Check out this chart to see where your household income needs to be in order to qualify for the median priced home in the county today. Swipe right for the chart from just 3 months ago! Now you can afford more with a lower income. Payments went down by about $500/mo. ��🔺These examples are all based on a 20% down payment on a jumbo loan along with today’s national average rate of 6.625%.

🔺Maximum payments are based on 50% of a borrower’s monthly gross income. This is the total amount of your paycheck before taxes or any other deductions or liabilities.

🔺All payments include principle and interest, property taxes and home owner’s insurance.�
🧐Don’t see your income? Send me a DM and I can shoot you the details.
�👉 Go to my website to check rates or start your loan application today. www.EvanTando.com

💰💹💲 Follow 👉 for tips on real estate, mortgage and investing so that you can build your own generational wealth through real estate and taking control of your finances.

🎄For the month of December, we have chosen to partner with The Positive Movement Foundation which provides under served and at-risk children and youth with tools and support to increase their likelihood for success as they mature. In addition, the foundation also provides secondary assistance to parents in the future. Currently supporting four schools in San Diego, providing programs for both kids and teachers to thrive!

If you are interested in donating, please see the link in our story.
�.

�

Welcome to 2519 Tuberose in Azalea Park, located on a cul-de-sac in a serene canyon setting on a spacious lot, featuring original hardwood floors throughout. This 3 bedroom, 1 bath house has been recently painted on both the interior and exterior. Enjoy the convenience of a direct access 1-car garage. The expansive third bedroom, located downstairs, offers versatile usage, ideal for a home office, family or workout room.The open floor plan highlights an enclosed deck off the dining room, overlooking the stunning canyon vista. Kitchen has been updated and is accented with the O'Keefe and Merritt stove, giving a nod to the home's Ranch Style era. Conveniently located near freeway access to I-805 & Freeway 94. Situated near City Heights, North Park, SDSU and the 32nd Street Naval Base, this home offers a perfect blend of comfort and accessibility. Offered at $689,000.

Open House
Saturday 10a-2p
Sunday 11-21p

Evan Tando
ANR Finance + Real Estate
Cal Broker Lic #01443545
NMLS #255208

🚨New FHA max loan limits🚨have been released for 2024. Check out those max loan limits for multi unit properties with just 3.5% down! Due to the rising price of homes, FHA has raised the max loan limits, meaning, you can purchase higher priced properties with less money down and obtain lower interest rates. Don’t see your county? Send me a message for any county in the US and I will send you the new loan limit.

💥SAVE THIS POST💥New conforming and high balance conforming loan limits came out for 2024. Due to the rising price of homes, FHFA has raised the max loan limits, meaning, you can purchase higher priced homes with less money down and obtain lower interest rates. New loan limits are effective as of today. Don’t see your county? Send me a message for any county in the US and I will send you your new loan limit.

Just Sold, Off Market in Coronado to a cash buyer with a 10 day close. The lot was prepped and ready to build a quintessential Coronado home situated on a quiet, tree lined street. The location epitomizes island living, a mere 5 blocks to the beach and 4 blocks to the bay, offering captivating city views. Close proximity to acclaimed schools just 2 blocks away. Approved plans included a 4 bed / 4 ba main home with a total of approx 2378sf of living space. The primary bedroom boasts a delightful deck, providing an idyllic retreat. Inside includes a chef’s kitchen and cozy fireplace in the living room. The design plans thoughtfully incorporate indoor/outdoor living, with an inviting outdoor firepit and other amenities. Included with the plans is a separate carriage house situated above the garage. This additional living space encompasses 1 bedroom, 1 bathroom and spans approx 400sf, offering flexibility and privacy with its own separate entrance. The seller has already taken care of the plans, engineering, and permit fees, with permits expected to be approved soon. The lot has been prepared, with demolition completed and is now primed for construction. Congratulations to our seller! Officially closed at $3,150,000.

📍517 I Ave
Coronado, Ca

Evan Tando
ANR Finance + Real Estate
Cal Broker Lic #01443545
NMLS #255208

We have chosen to partner with the San Diego Hunger Coalition for the month of November by choosing to sponsor their 5th Annual State or Hunger Event.

The San Diego Hunger Coalition leads coordinated action to:

1. Build a more effective and interconnected system of food assistance resources.

2. Enable low-income individuals and families to purchase more healthy food by increasing participation in CalFresh, a monthly supplement to a household’s food budget.

3. Ensure all children have year-round access to healthy food by expanding school meals and other federal child nutrition programs.

4. Advocate for legislative and administrative policies that reduce hunger and increase access to healthy food.

Be sure you know about loans that allow ADU income! It can give you hundreds of thousands of dollars of purchasing power. We were recently asked to look at a loan scenario of a client purchasing a single family home with an ADU on a jumbo loan product. We have an exclusive jumbo product available that allows for ADU income without an active tenant and without prior landlord history. As a wholesale mortgage broker, we have access to over 150 banks to find a product that works best for you. Huge props to the buyer’s agent who negotiated a $50,000 credit for the buyer to offset closing costs and bring down the price of the home. There are so many incredible opportunities in this market if you have an experienced team to work with. 👊��See below for details on home loans that allow ADU income:

⭐️ Jumbo Loans: ADU income is allowed on a purchase without prior landlord experience or an active tenant in place. ADU income is also allowed on refinances.��⭐️ Conventional Loans: ADU income is allowed on a purchase without prior landlord experience or an active tenant in place. ADU income is also allowed on refinances.

⭐️ FHA Loans: ADU income is allowed on a purchase without prior landlord experience or an active tenant in place. You can only have one ADU on the property. ADU income is also allowed on refinances.

⭐️ VA Loans: ADU income is allowed on refinances with 2yrs prior history of income for the unit on tax returns.

If you or someone you know has any questions about qualifying for a property with an ADU, please feel free to DM me any time or click on the link in my bio for a free consultation. ��.

We are happy to partner with Promises2Kids for the month of October. Promises2Kids annually provides over 3,000 current and former foster youth in San Diego County with the tools, opportunities and guidance they need to address the circumstances that brought them into foster care, overcome the difficulties of their past, and grow into healthy and successful adults.

Promises2Kids provides Camp Connect a summer day camps for siblings who have been placed in separate homes, Guardian Scholars to help foster youth to prepare and enroll in higher education and Foster Funds to help with the simple joys of childhood like birthday gifts, sport activities, or a musical instrument.

💥SAVE THIS💥Official Conforming loan limits with maximum purchase prices and minimu down payments.

*High balance conforming loan limits have not yet been released.

🙏 Grateful Beyond Words 🙌

I'm incredibly honored to have been nominated for the 2023 San Diego Changemaker Award by my amazing colleagues.

🌟 This recognition took me by surprise and I am humbled to have been mentioned alongside such outstanding individuals in our industry. There are so many inspiring people who dedicate themselves to making a difference in our community everyday that are not included in this list but are not forgotten. Thank you to those who choose to create positive change wherever you may go.

🗳️Voting is open to everyone and today is the final day to vote! Please take a few moments to vote for your friends, family and colleagues to support them and the San Diego Real Producer’s 6th annual award’s nominees. Link is in the comments.

Looking forward to our ongoing journey of change and growth in our city and beyond🌎!

Shadowridge, a highly sought-after neighborhood in Vista, has limited inventory, making it a unique market. Last month, we had the privilege of helping our client close a sale at 1635 Olympus Loop Dr for $1,029,500. This was $60k higher than a similar model that sold just weeks prior. Our focus is always on achieving the best results for our clients, and we're grateful for their trust in their investments. Congratulations to all parties involved!