Sales of homes in California for the month of October 12 rose 25.2 percent over home sales for October 2011 and capped off a five year high for this particular month. The state’s Association of Realtors is expecting that this trend will continue well into 2013, and the trend that home prices will continue to rise as well. This includes homes throughout the Sacramento area, the state’s capital city, and its various neighborhoods like Cherry Creek in Roseville CA nearby.

Prospective homeowners checking out a Cherry creek loan from a Cherry Creek mortgage company are increasing in numbers too as these opportunities are becoming more available. They largely will call on a Cherry creek mortgage company to assist them in obtaining a loan for a down payment and for subsequent monthly bills on a piece of property or on a home. For homeowners who have good credit and who have purchased homes before, a Cherry Creek mortgage company is certainly a wise decision since someone will need to be there to obtain a mortgage for these homeowners. However, many companies throughout the area are getting busier with first time homebuyers, who are encouraged to first determine their monthly mortgage costs including homeowners’ insurance and taxes prior to applying for any mortgage via one of these companies.

These homeowners can discuss with a Cherry Creek mortgage company whether any down payment assistance programs are available too. For instance, there normally are home loans and mortgages available for those who qualify through the Federal Housing Administration (FHA), a U.S. government agency that lies within the U.S. Department of Housing and Urban Development (HUD) that insures these loans. There additionally is the California Homebuyer’s Downpayment Assistance Program, which provides a junior loan with a deferred payment as much as 3 percent of a home’s purchase price or its appraised value (whichever number out of the two is less). This amount then is normally used to put a down payment on a property or to help pay for closing costs.

Every Cherry Creek mortgage company operates differently and has different tools, so these experiences will be decidedly different with each Cherry Creek mortgage company. However, homeowners who discuss their needs and uncover their opportunities with these mortgage companies usually can end up obtaining strong loans. As more of them do, the California real estate market will continue to experience higher numbers in home sales and home prices.