Lenders Hopeful For New Money On Home Starts
Lenders expect more funds for mortgages as FHA VA and conventional markets loosen. Government actions raise loan limits to 25000 for new homes and 17501 for existing dwellings with higher rates to 6 percent. Insurance on accounts rises to 15000 boosting savings activity and banks anticipate fresh mortgage liquidity in coming months.
MENTIONED IN THIS ARTICLE
Savings and Loan Associations
Federal National Mortgage Association
California
Arguments Cited For Buying Now
Peter Ingber, vice president of Alpha Land Company, argues that mortgage costs will rise and home prices may surge in coming years. He cites a Bay Area development, Fairway Hills in San Ramon, offering one and two story homes as the market for buyers who want value in a rising market.
MENTIONED IN THIS ARTICLE
Peter Ingber
Alpha Land Company
Lon
California
Bay Area
Bay
Fairway
San Self
Ramon
San Ramon
New Veterans Housing Law Highlights VA Loan Options
Sales agent Doug Gilman explains the Veterans Readjustment Benefits Act of 1961 extends GI loan benefits to more veterans. He notes VA terms on homes priced from 17 750 to 31 950 and reports a rise in veteran purchases, while Rancho de la Roza in northern San Jose offers 3 to 4 bedroom homes from 17 750 to 21 800 with FHA down and no VA down financing. Furnished models are open daily from 9:00 a.m. to dusk.
MENTIONED IN THIS ARTICLE
Doug Gilman
Gilman & Hansen Associates
Claude ‘T. Lindsay-Lifkine Homes
Gilman
Jay
Rancho DE la Raza
San Jose
Rancho de la Roza
Nimitz Freeway
Trimble Road
Milpilas
Capitol Ave
Capitol
Oakland
Highway 50
San Ramon Village
Amador Valley
Mollow
Corny Ive Boxes Use Corn Starch for Insulation
Washington AP reports U S Department of Agriculture researchers developed rigid urethane foam from cereal starch for refrigerators. The new insulation matches cost and quality of current materials and demand could reach 100 million pounds by 1968, requiring 100 million bushels of surplus corn per 10 million pounds produced.
MENTIONED IN THIS ARTICLE
Washington
U.S. Department At
Also Mentioned on This Page
Fairway Hills
Alpha Homes
Redwing Valley
Litily Trae
Old Orchard
Sunnyvale
Orangetan
Summartime
San Jove
Twaly
Bominge Canyon
Marin
Radwing Valley
Son Rapton Village
Francisco
Telercom Hill Mane Sonfrancinco
Sonadza Forthe
Ven
Walnut Hills
Tracy
Highway 21
Alcosta Blvd
Conta
Alcosta
Brockton
Northland
Fine Homes BY
Brown & Kauffmann
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