Search Results for: purchase reverse mortgage

If your are looking to by in Ocean Hills Country Club, are 62 years old or older, there is a program that can help you purchase your Ocean Hills home.  The following information will help you understand the details and the benefits of a purchase reverse mortgage.

What is the Home Equity Conversion Mortgage (HECM) for purchase?

• Ocean Hills Country Club homes qualify for FHA-insured reverse mortgages.
• Senior homebuyers can purchase a new primary residence and obtain a reverse mortgage and have “no mortgage payments.”
• Buyers can combine reverse mortgage proceeds with a down payment from the sale of their existing home or other assets.

How can HECM help you buy an Ocean Hills home?

• It allows you to purchase a primary residence suitable to your needs.
• You may be able to afford to purchase a home almost twice as expensive.
• Purchase a home without a monthly mortgage payment.
• Move out of your two story into a safer one story home.
• Downsize to a smaller, easier-to-maintain home.
• Relocate to be closer to friends and relatives.

What requiremnets must your new home meet to qualify for HECM?

• Must be a qualifying property like Ocean Hills homes.
• Must become your primary residents.
• You must move into your Ocean Hills home withing 60 days of close of escrow.

To get more information about how a reverse mortgage can help you buy in Ocean Hills, contact Gary Harmon today.

All original content by Gary Harmon.

• Move into a great senior community like Ocean Hills.

Many of your questions can be answered by going to the following useful links.

• Directions
• Health Care
• Re-piped
• Reverse Mortgage
• Shopping

When you are looking at Ocean Hills homes and have questions, please just ask.  Below is a list of frequently asked questions that other prospective Ocean Hills Country Club buyers posed:

• How did the Ocean Hills Country Club start?  Read Ocean Hills History.
• How much are the Ocean Hills HOA Assessments – Fees? See Ocean Hills HOA Fees
• What does my Ocean Hills HOA assessment cover?    Roof Maintenance (roofs are red tile), exterior house painting (white of course),  landscaping of common and front village areas, watering, irrigation systems, security system, basic channels of cable tv, large clubhouse, lush golf course, sparkeling pool, spa, tennis, paddle tennis, bocce, croquet, newsletters, and free movies.
• What are the assessments in OHCC?  Click to see current Ocean Hills Country Club HOA assessments.
• Are dogs allowed in Ocean Hills Country Club?  Yes, when your dog is taken off your property it must be on a leash of not longer than 6′.  Ocean Hills home owners must always clean up after their pets.  Dogs are not allowed in the clubhouse, on the golf course, pool area, tennis courts, or other recreational areas.
• Is there a special place for dogs?  Yes, dog and dog owners are encouraged to Kanine Campus
• Is th Ocean Hills Country Club gated?  Yes Ocean Hills has a front and a rear gate.  The front gate is a guarded gate.   Non residents must enter OHCC through the front gate, the Cannon Road entrance.  Residence may also use the rear gate, Shadowridge Drive.  See Access & Security.
• What other security systems are in place?   Each home contains an alarm system that reports police, fire, and medical emergencies to a central monitoring facility operated by the Association.  There is also patrol services 24 hours a day.
• Can you keep an RV in Ocean Hills Leisure Village?  Yes, but it must be in the designated RV storage lot.
• What about loud noise?   No loud noises or other nuisances that is offensive to another homeowner or resident is allowed.  Many people buy Ocean Hills homes because it is a quite, peaceful neighborhood.
• Are there any special rules for children?  Anyone under the age of 14 is considered a child.   All children must be accompanied and supervised by an adult at all times while in Ocean Hills Country Club.   No roller blades, skateboards, or similar items are allwoed anywhere on OHCC property. Can bicycles be ridden on the streets in OHCC?  Yes, but you must wear a helment if under 18.  Read Start Here.
• Who are considered as guest?  Anyone who is not a resident in OHCC is considered a guest.  Guest must follow the same rules that apply to homeowners.
• Are there special rules for Ocean Hills Country Club real estate sales?  Yes, anyone wanting to see a Ocean Hills homes for sale  must be accompanied by a Realtor or a homeowner while inside OHCC.  Gary Harmon is a “Senior Real Estate Specialist.”
• Are Ocean Hills real estate for sale signs allowed when selling your home?  Yes, you may have a for sale sign in r front of your Ocean Hills property.  The sign cannot exceed 18″ x 30″ and not over 4′ tall.
• Are you allowed to rent your OHCC home?  Yes, and any renter is expect to follow all the rules that applied to the owner.  Renters have the same rights to use the ammenities and facilities as the owner.  Owners are always responsible for any problems that renters may cause relating to association rules.
• Can you live in Ocean Hills Country Club if you are younger than 55?   Every person residing in an Ocean Hills  home must either be 55 years of age or older, a spouse, cohabitant, or other qualifying resident.
• Can someone younger that 55 stay in the Ocean Hills community?  Yes, visitors can stay a maximum  of 90 days (whether consecutive or non-consecutive) in any calender year.
• Who is the management company?   Ocean Hills Country Club homes are managed by Professional Community Management (PCM) a well known company in Southern California.

If you have other questions about Ocean Hills Country Club,  please send them to us in an email.  We will get the answers and add them to our list of FAQ’s.  Chances are, if you had the question, other have the same question.   Contact Gary Harmon today. 

All original content by Gary Harmon, your Seniors Real Estate Specialist.

Contact Gary Harmon, your top Ocean Hills real estate agent.