Saturday, May 28, 2011

President of San Diego Funding is mother of La Mesa’s Brian Arrington of Pacific Sotheby’s International Realty.

President of San Diego Funding is mother of La Mesa’s Brian Arrington of Pacific Sotheby’s International Realty.



One local professional really deserves the time off—Linnea Arrington, president of San Diego Funding and a member of Mortgage Bankers Association of America.



She has been helping buyers in La Mesa for many years. When an agent has a client pre-approved by Linnea, they can relax and concentrate on the job of finding the perfect house and seeing it through escrow knowing that the loan is in good hands.



(Linnea’s son, Brian Arrington, is president of Pacific Sotheby’s International Realty, with offices in La Mesa. He also owns offices in Point Loma, Mission Hills, Coronado and La Jolla.)



Her motto, “Hold your lender to a higher standard,” is even more appropriate in today’s market. San Diego Funding is a direct lender, and all loans are processed and underwritten in office. Here are a few suggestions she made the last time we talked:



Three things she asks of borrowers during a pre-approval:



•2 most recent pay stubs

•2009 and 2010 W2 income tax forms and federal tax returns

•Most recent bank statement showing funds for the purchase

A full pre-approval is very important because it gives your offer an advantage over others. It also is important that it be strong and show that all documents have been received and reviewed.



Remind buyers that jumbo conforming limits will be reduced at the end of September. No one knows by how much yet.



This week in La Mesa Real Estate



There were 16 new listings in La Mesa since Friday, May 20:



7730 Saranac Pl #13 91942 2 bd 2 ba esf 1236 $159,000



4494 Palm Ave 91941 2 bd 1 ba esf 1411 $300K - $320K



4484 Acacia Ave 91941 3 bd 2 ba esf 1044 $355,000



4579 4th St. 91941 2 bd 2 ba esf 1040 $357,000



4050 Marian Ave 91941 3 bd 2 ba esf 1279 $359,000



10210 Centinella Dr. 91941 4 bd 4 ba esf 1510 $395,000



10745 Anaheim Dr 91941 4 bd 4 ba esf 2557 $424,900



8510 Sunrise Ave 91941 3 bd 2 ba esf 1521 $449,000



10111 Cliffwood Dr. 91941 4 bd 3 ba esf 2275 $399K - $ 450K



9221 Golondrina Dr. 91941 4 bd 3 ba esf 2540 $489,000



9146 Madison Ave 91941 4 bd 4 ba esf 2856 $575,000



4341 Vista Wy 91941 3 bd 3 ba esf 2726 $589,990



8979 Moisan Wy 91941 4 bd 3 ba esf 1808 $595,000



4643 Pomona Ave 91942 3 bd 2 ba esf 1056 $289,000



7730 El Paso St 91942 3 bd 2 ba esf 1836 $359K - $389K



7171 - 7173 Stanford Ave 91942 6 bd 3 ba esf 3840 $ 599,000



18 properties opened escrow

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