Reverse mortgages for San Diego home purchases

October 3, 2010 By

Retire in a home that’s right for you

Now, if you’re a San Diego North County home buyer age 62 or older, there’s a program that can help you purchase your ideal
retirement home. The following information will help you understand the benefits and details of the reverse
mortgage for purchase program.

What is the home equity reverse mortgage (HECM) for purchase?

  • An FHA-insured reverse mortgage
  • Enables senior homebuyers, age 62 or older, to purchase a new primary San Diego residence and obtain a reverse mortgage in simultaneous transactions with no monthly mortgage payments
  • Allows buyers to combine reverse mortgage proceeds with a down payment from their current home sale or other assets, to purchase a new North County home

How can this program help you?

  •  Purchase a new North County home without taking on a new monthly mortgage payment
  • Purchase a primary San Diego residence, maybe a one story, suitable for your current needs
  • Purchase a Oceanside home in a senior housing community like Ocean Hills Country Club
  • Move into a new home that’s easily accessible with modern amenities
  • Downsize to a smaller, easier-to-maintain one level home
  • Relocate closer to friends and family members

To recap, you can use a purchase reverse mortgage to buy your North County over 55 dream home.  There are no credit or income requirements. You can now afford to look at Ocean Hills Country Club homes, Emerald Lake Village homes, Oceana homes, Rancho Carlsbad homes, or other San Diego North County homes and retire in a home that’s right for you.  Read more information at Reverse Mortgage – Purchase Ocean Hills.

To look at Ocean Hills Country Club homes or other San Diego real estate, contact Gary Harmon, your Senior North County Realtor. 

Information in this blog was furnished by Wells Fargo Bank and HomeServices Lending, one of Gary’s Winning Team.

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Ocean Hills Popular (Single Level) One Level Floor Plans

October 2, 2010 By

The top requested senior retirement area in Oceanside is Ocean Hills Country Club.  One of the main reasons is a large number on one level floor plans from which to choose. 

Over 55, 55+ buyers seem to favor the Saint Tropez one story, the Costa Smeralda single level, but with a loft, and the Athena one level floorplan the most.  View all Ocean Hills Country Club floorplans on www.HomeInfoSanDiego.com, the most complete website featuring Ocean Hills Country Club.  You can also see all the homes currently listed in Ocean Hills.  Since Ocean Hills is a gated community, you will need to be escorted through the security gate to actually get inside to see what Ocean Hills Country Club has to offer.  Contact Gary Harmon, you top Senior Oceanside real estate specialist, to see Ocean Hills Country Club homes.  Gary will be glad to meet you there anytime.

On this blog, you can read about Ocean Hills Country Club history and why now is a great time to buy Ocean Hills Country Club real estate.  Just go to the top of this page and celect “Over55 (55+).”

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Ocean Hills Country Club Real Estate History

September 17, 2010 By

The History of Ocean Hills Country Club real estate started in 1982.  Word spread that an over 55 (55+) retirement community was being built in South Oceanside.  Leisure Technology was taking reservations for the Oceanside homes for sale that were soon to be built.  Potential Ocean Hills Country Club buyers (then called Leisure Village) began to arrive.  Many San Diego North County buyers began to make reservations for the Ocean Hills homes, sight unseen.

In April 1984, the first of the Ocean Hills Country Club homes were completed and the first move-in took place. Soon many more people began to move into the homes on Cordoba Way.

There were many problems, but the new residents were determined to make things work.  They could already tell that Ocean Hills was going to be a great place to live.   By fall the front gate was operational, the RV storage was ready, and most things started to fall into place.  Soon the executive golf course opened and cable TV became a reality.

The design of Ocean Hills Country Club was to respond to the lifestyles that active retirees desired.  People wanted to get out and walk, talk to neighbors, and take part in community activity.  High density helps to achieve this feeling as well as to reduce the cost of housing.

Initial Ocean Hills Country Club homes ranged from 871 esf to 1819 esf.  They were priced from $90,000 to $225,000.  The homes all had a white stucco exterior and a red tile roof in keeping with a Mediterranean and Aegean motif.  Ocean Hills was designed around the clubhouse, the designated center off all activities.  The clubhouse was made to resemble an elegant resort where residents would gather to relax and enjoy great company and the many activities offered.

For the following 6 to 8 years Ocean Hills Country Club homes sold well.

In 1992 came an economic downturn and Leisure Tech was bankrupt.  MSK, a small housing developer, purchased the adjacent acreage for 19 homes, and using the Leisure Tech plans, completed the street.  It took three more years to complete thirteen unfinished houses sold to Kaufman and Broad.  Ryland then completed the remaining 234 homes on the outer rim, and by November of 1998, Ocean Hills Country Club real estate area was fully developed.

For more information on Ocean Hills Country Club real estate history, contact Gary Harmon, your Ocean Hills Realtor.

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Ocean Hills Country Club – Convenient

September 2, 2010 By

Ocean Hills Country Club – Convenient Location

Ocean Hills Country Club homes are located in San Diego North County, just inland about 4 miles from the Pacific Ocean.  This exclusive Oceanside homes (55+) gated community sits high on a hill 30 miles from downtown San Diego.  To reach Ocean Hills Country Club, take Melrose south off Highway 78, go right or west on Cannon.  Turn in the main guarded gate entrance at the end of Cannon on Liesure Drive. 

Ocean Hills Country Club – Convenient to Shopping

Just outside of the Ocean Hills Country Club gate and about a mile to the east is the Palm Tree Plaza shops.  Palm Tree Plaza offers many things that seniors living in Ocean Hills would need.  It offers Perfect Cut, McDonalds, a denist office, Pizza Hut, a nail salon, a chiropractor, Postal Annex, Hollywood Video, a cleaners, a bagel shop, yogurt store, a large Ralphs supermarket, Taco Bell, Auto Zone, a Walgreens drugstore, and a coffee shop.  Ocean Hills Country Club Board has started to offer a transportation service for residents to many of the local shopping plazas and doctors offices.  This new service runs twice a week, on Tuesdays and on Fridays. 

Ocean Hills Country Club – Convenient to Great Ammenities

Ocean Hills has its own great executive golf course and when you live in Ocean Hills, green fees are FREE!  There are paddle tennis courts, shuffleboard courts, bocce ball courts, and beautiful regulation tennis courts.  If you like to swim, the pool is one of the best I have ever seen.  The clubhouse is spectacular and host a variety of continuous activities and Ocean Hills clubs.

If you would like to learn more about Ocean Hills Country Club, contact Gary Harmon, one of the top Ocean Hills Country Club Realtors.  If you are interested in other SanDiego North County homes for seniors (over 55 ) see:  Emerald Lake Village, Rancho Carlsbad homes, Oceana homes or Seven Oaks and Oaks North homes.

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Tips for Senior Citizens – Ocean Hills Home Buyers

August 11, 2010 By

Senior citizens today are certainly much more fit than just a few years ago.  In fact, they exhibit the same variety of health and fitness as people much younger. Seniors ( Over 55 )  who have actively taken care of themselves are probably more fit than some in their teens and 20s who shun exercise and live on fast food.

Seniors move for a variety of reasons, but here are some of the most popular motivations for the 55+ crowd.

  • Change of Scenery – Many senior citizens choose to remain in their homes, while others want a change of scenery. There is no better way to get a change of scenery than moving  into a beautiful San Diego North County home.                                       
  • Get Away from Excessive Maintenance – Seniors may choose a smaller North County home with a smaller yard or perhaps a condo.  San Diego North County homes offers a variety of good choices.  Top examples are Ocean Hills Country Club homes, Emerald Lake Village, Rancho Carlsbad homes, Oceana homes or Seven Oaks and Oaks North homes.  All are good low maintenance choices.
  • Pursue Hobbies -Many seniors may want to pursue hobbies or play golf or tennis.  Many have something they want to do that they couldn’t do while living in their prior homes or locations.  Ocean Hills Country Club has a variety of different clubs, something for everyone.  If you don’t see it in the Ocean Hills club list,  your can start your own.  Chances are many people will join in on the fun.  Ocean Hills has a great golf course and the green fees are part of your dues.  They also have tennis courts and a beautiful clubhouse.
  • Buy a Motor Home and Travel – Some just want to get away. They’ll sell the old homestead and jump into a motor home so they can see the places they’ve been dreaming about for all those years when they were tied to both their job and their home.  Ocean Hills (OHCC) has a great area to store your motor home when you are not traveling around this great country.
  • More Temperate Climate – Some want to move to a more temperate climate. They’re tired of the cold and snow and want to get outdoors and play all year. Some have always dreamed of living in Southern California near the ocean.  San Diego North County homes enjoy some of the best year around in the world.  The Oceanside homes for sale area has the second most desirable climate in the United States with average temperatures ranging from 53 to 70 degrees.

Can you relate to some of the above reasons to move to a San Diego North County home.  If so, contact Gary Harmon, your top Senior Realtor, and find your Southern California dream home.  Not ready for a retirement neighborhood?  Want a great ocean view home?  Gary also specializes in Carlsbad Ocean View Homes , Oceanside Ocean View Homes , and Encinitas Ocean View homes.

San Diego North County

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Purchase Your San Diego Home with a Reverse Mortgage

July 20, 2010 By

Never make mortgage payments again on your San Diego North County home.

Using a purchase reverse mortgage you can buy your North County over 55 dream home.  There are no credit or income requirements.  You can now afford to look at Ocean Hills Country Club homes, Emerald Lake Village homes, Oceana homes, Rancho Carlsbad homes, or other San Diego North County homes and retire in a home that’s right for you.  Use the table below to see what you could expect with an appraised home value of $309,000.   Contact Gary Harmon, your San Diego North County Senior Realtor, for different purchase (appraised) values up to $625,000. 

purchase reverse mortgageIf you are a San Diego North County home buyer, age 62 or older, there is a new way you can purchase that North County property without taking on a new monthly mortgage payment.  That’s righ, make no payments the rest of your life (unless you live past 150).  If you are ready to sell your current San Diego North County home and purchase a better retirement home, a purchase reverse mortgage may be just the right thing for you.  You could combine the proceeds from the sale of your current North County property  or just use available cash with your reverse mortgage proceeds to purchase the new home. 

Answer to questions if you are 62 or older and looking to buy.

  • With a purchase reverse mortgage you do not need to put up the entire purchase amount to buy a new San Diego North County home over 55 home or other home.
  • You do not need to make any more monthly house payments for the rest of your life.
  • You do not have to settle for less of a North County home than the one you really want.   
  • You do not need to pay all cash.  See the table above for an example of how much you would have to put down.
  • You could use the purchase reverse mortgage to pick up that perfect vacation home.  For example, you may be able to take out a reverse mortgage on your primary residence and use the proceeds for the down payment on the second home.
  • Purchase reverse mortgages can be used on most  types of San Diego North County homes. Single family detached, attached, condos, and even manufactured homes are just some examples.

I would like to invite you to contact me, Gary Harmon, with your questions.  I work with HomeServices Lending, the nation’s leading retail originator of reverse mortgages.  We’re here for you, and ready to help you realize the benefits of the new purchase reverse mortgage.  Again, if you are looking at Ocean Hills Country Club homes, Emerald Lake Village homes, Oceana homes, Rancho Carlsbad homes, or other North County homes, contact Gary Harmon, your Senior North County Realtor.

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Ocean Hills Country Club

April 12, 2010 By

Ocean Hills CC Pool

Ocean Hills Country Club is located inland about 4 miles from the Pacific Ocean.  It is south of  Interstate 78 off  Melrose and to the west end of Cannon.   Just turn left on Leisure Village Drive to enter the front guarded gate.  Ocean Hills Country Club is an over 55 (55+), active, senior, retirement community of both detached and attached homes.  If fact, there are over 1600 homes with various floorplans.  See Ocean Hills Country Club Floorplans.  Since all are painted white with red tile roofs, you will definitely need a Street Map of Ocean Hills Country Club.

To view Ocean Hills homes for sale and you will need a Realtor to get you inside the gated community.  Contact Gary Harmon, your North County Realtor, to get a tour of the Ocean Hills Country Community.  Gary can also show you the other senior communities in Oceanside just west of the Escondido real estate area.  These senior communities are Emerald Lake Village and Oceana Homes.

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North County Homes for Over 55 – Escondido Homes

April 1, 2010 By

OHCC SunsetThe Escondido real estate area does not have any large over 55 (55+) retirement areas.  The nearest such communities are south across Lake Hodges in Rancho Bernardo.  These North County homes for over 55 are the communities of Oaks North homes and Seven Oaks Homes.

To the west of  Escondido in Oceanside are the North County homes for over 55 communities of Ocean Hills Country Club homes,  Oceana homes, and Emerald Lake Village.   Today, we are going to be reviewing the community of Ocean Hills Country Club, or OHCC  for short.

Ocean Hills Country Club is a gated, over 55, 55+, senior community that caters to the active lifestyle.  Your Ocean Hills home owners dues includes golf on the Ocean Hills executive golf course.  No separate green fees!   Ocean Hills Country Club also has tennis courts, a workout room, and a large swimming pool to keep you fit.

Ocean Hills Country Club homes  for sale range in price from $250k to over $600k.  Some homes even have a view of the Pacific Ocean, while others are on the golf course or greenbelts.  Ocean Hills homes are the premier retirement community in North County homes for over 55.  There are about 8 neighborhoods and over 1600 Ocean Hills properties.  All are painted white with red tile roofs.  Exteriors and front yards are maintained by the Ocean Hills HOA.

For more info on Ocean Hills Country Club homes and other North County homes for over 55, contact Gary Harmon, your top North County Realtor.

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