By Kay Wilson-Bolton

President, Ventura County Coastal Assn of REALTORS®

December 31, 2000


In an attempt to react to the changing economies throughout the United States, Fannie Mae and Freddie Mac are boosting loan limits once again to $275,000, up from $252,700.

Predictions are that an additional 18,500 California families will be able to purchase a home.  The increases more accurately reflect the high cost of housing in California.

The new FHA loan limits will increase from $121,296 up to $132,000; and the new high-cost loan limit will increase to $239,250, up from $219,849.

All of this activity is in response to the high-cost of housing in a robust economy. Ventura County knows all about that.

Cities are beginning to look at options for developing home ownership. The City of Oxnard has initiated a lease to own program whereby a potential buyer can pretend to own their own under a lease program and end up owning it if payments are made on time.

There is still no substitute for a having the ability and the willingness to make payments on time so a good track record will have to be demonstrated before title is transferred.

This is a great way for a community to participate in stabilizing its buying power.

Unfortunately, with prosperity comes the predator who disregards the lines between good business and fast business.  The Department of Housing and Urban Development is cracking down on “predatory lending practices” where buyers are charged excessive fees for loan origination and processing.

REALTORS® are quick to recognize excessive fees being charged to buyers who have little experience in the world of finance. We recommend that buyers counsel with their REALTORS® before selecting a lender to be assured of quality lending practices.

Freddie Mac has also announced that it will begin to buy home mortgages of up to $252,700 with zero down payments.  Another new program is for the self-employed where those who run small business or are self-employed will have less paperwork to document sources of income—all with the idea of moving home ownership to new levels.

REALTORS® believe in home ownership and work hard to protect the elements that make that happen. Consult with a REALTOR® who displays the Blue ®–there is a difference.


When buying or selling your next home, choose a REALTOR® . There is a difference and you can benefit.  For more information, contact Randy McCaslin, CEO, Ventura County Coastal Assn of REALTORS® at 981.2100. Our website is






About Kay Wilson-Boltonhttp://www.kaywilsonbolton.netWith a full-time career in real estate, I can add to your bank of knowledge, not only in real estate but in many areas of life that deal with people and relationships and choices. My real estate career has taught me many lessons about planning ahead and looking forward. I believe in helping along the way so that they can be the best they can be in any situation. I serve as a Fire Department Chaplain and Coordinator for the Many Meals Project which serves homeless and hungry families in my community. The event is far more than many meals. As a result of my work with the homeless population in my community, I received the Good Neighbor Award 2017 from the National Association of Realtors and named as a Champion of Homes in 2015 by the California Association of Realtors. I make pastoral visits to the inmates in the County Jail System and offer them what God says about "all things being new" and His remarkable plan for our lives. I have served my community as Mayor and in many volunteer capacities. I serve others by serving God first. My husband is involved in prison ministry and is a graphic artist. We live a simple life in Santa Paula with an office cat named Scout, three rescued poodles and a cat named Tony Diane at home.

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