4 Bedrooms, 2 Baths – 1495 sq ft Home 9600 sq. ft. Lot (per seller) CLICK HERE for the Virtual tour – Owner will review all offers presented. This is a completely remodeled home in Blossom Valley. There is over 100k in upgrades to this home. No expense spared. This home is situated on a 9600 square foot lot located on a cul de sac. This is the perfect family home and is ready for your family. This home has a eat-in kitchen with stainless steel appliances and a view of the neighborhood. This home has both a living room and a separate dining room with French doors. Bathrooms are gorgeous with the Italian vanities and tile. Master bathroom has tiling in the shower from floor to ceiling with a shower head that will make you feel that you are in the best of spas! The neighborhood boasts low traffic with no thoroughfare streets making it perfect for families. You are within distance to parks and schools. Conveniently located near Shopping, Freeways and a VTA light rail station.

v Home has new stucco on the exterior

v Double-paned windows

v Beautiful hardwood floors through out

v Stainless steel appliances

v Granite Counter with full back splash

v Cherry wood Cabinet

v Crown molding through out

v Designer lighting

v Extra storage in garage

v Beautiful front door

vCopper piping vNewly textured walls

Under the HOPE for Homeowners Program, 400,000 distressed homeowners can pay off their troubled mortgages and replace them with more affordable, FHA-insured loans. To qualify, a borrower’s monthly payment on existing mortgage loans must be over 31% of his or her income as of March 1, 2008 (hence demonstrating the borrower’s inability to afford the original loans). The original loans must have been originated before 2008, and secured by the borrower’s principal residence (as well as only residence). Also to qualify, the borrower must satisfy FHA underwriting requirements for the new FHA-insured refinance loan.
    

 The FHA refinance will be a fixed rate loan up to $550,400 for at least 30 years, and will include charges for FHA insurance premiums. The maximum loan-to-value ratio of the FHA refinance is 90% of the appraised value. If the refinance proceeds are insufficient to pay off the existing liens, the refinance will not go through unless the original lenders voluntarily agree to accept a short payoff as payment in full. Rules will be established to allow, among other things, equity sharing for the original junior lienholders.
    

 Upon obtaining the FHA refinance, the borrower must share with the FHA at least 50% of any equity realized through a subsequent sale or refinance. The FHA’s share in equity will be based on a sliding scale of 100% of any equity realized within the first year of the FHA loan, 90% the second year, and so on, but not less than 50%. The HOPE for Homeowners Program shall be in effect from October 1, 2008 to September 30, 2011.