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New Listing! 3 Bedroom 2 Bath Home in Santa Margarita

Santa Margarita horse property for sale with views! Enjoy 9.7 acres of privacy in a gated location backing to a large parcel. The sellers have put a lot of upgrades into this property including all new kitchen appliances, new air conditioning heating, new solar system that is paid for, new hot water heater, new 5 foot fencing, new pump in the well, and a new roof on the barn. It is move in ready, bring the horses, and animals you will love the peace and quiet Santa Margarita has to offer. This 3 bedroom 2 bath manufactured home with a screened in porch has an open great room feel, with low utility bills. The large master bedroom has a large walk in closet, and a door to the back yard. The shop has a second story that could be a large office/guest room, it has a deck with a separate entrance overlooking amazing views of the forested parcel behind. Keep the binoculars handy Santa Margarita has a lot of wildlife. Enjoy established fruit trees including pears, and apricots. Santa Margarita grade school is very popular in the area, the bus still picks up students. There are trails located within a few miles to ride your horse, or hike to Santa Margarita lake. Another trail takes you all the way to Lake Lopez. The town of Santa Margarita is like a step back in time. Enjoy community potlucks, and movies in the park. The sunsets at this property are relaxing, the birds are abundant, and the house is move in ready. This property is about 14 minutes from Santa Margarita.
Kathy Birhkhahn 805.610.6650

Written by Keith Byrd - Go to Keith's Website/Profile

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New Listing! Affordable 4 Bedroom 2 Bath

An affordable slice of the Central Coast is right at your fingertips! USDA financing elegible! This comfortable four bedroom home in Casmalia offers peace and quiet and a beautiful view of the hills. Updated touches throughout. Some newer kitchen appliances. Private master suite. Indoor laundry. Large driveway and oversize garage leave plenty of room for all your vehicles and toys. Convenient location for commuters to Vandenberg AFB or Lompoc. And an added bonus — you’re right down the street from the world famous Hitching Post Restaurant! Listed at $310,000

Written by Keith Byrd - Go to Keith's Website/Profile

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New Listing! 4 Bedroom 2 Baths in Santa Maria

Clean and updated in Northeast Santa Maria! Comfortable four bedroom home has large kitchen and dining room open to large living room, with attached attractive all-seasons outdoor room. Updated throughout; shaker kitchen cabinets with granite counters; modern bathroom tile and vanities; hardwood and laminate flooring. Newer roof and exterior paint plus vinyl dual-pane windows; expanded driveway large enough for RV parking. Backyard with many fruit trees and large storage shed. Easy access to 101 Freeway and walking distance to elementary schools.
Gina Gluyas 805.310.7208

Written by Keith Byrd - Go to Keith's Website/Profile

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New Listing! Beautiful Home in Downtown SLO

This beautiful home, walking distance to downtown San Luis Obispo, was completely rebuilt into a luxury masterpiece in 2008. This property, with gorgeous backyard views of Cerro San Luis and creek side tranquility, offers the perfect SLO lifestyle. The completely custom, single-level home floor plan is approximately 2700 square feet on an 8000 foot parcel. It is completely handicap accessible. There are three large bedrooms, two of which are dual master suites that have walk-in closets and well-appointed bathrooms. The main living area features a gourmet kitchen with custom cherry cabinetry, granite countertops, two convection ovens, a five gas cooktop burner, an oversized pantry, and a perfect dual sink island for gourmet cooking and entertaining. The attention to detail can be found throughout this home, with high ceilings featuring crown molding, recessed lighting and fans, a picture perfect 12’ custom living room wood sliding door, high windows around the living, dining, and kitchen to maximize views, custom bathroom and laundry cabinetry made of alder wood, bamboo flooring, travertine tile, indoor laundry, and a finished two car garage. There is a permitted backyard shed structure, beautiful hardscape surrounding the producing avocado, lemon, and orange fruit trees. The custom Trex decks sport soft curves and the lawn area provides a nice additional play area. The front and back yards are on a drip and sprinkler system. Welcome to the SLO dream!
Collette Kutil 805.801.8114

Written by Keith Byrd - Go to Keith's Website/Profile

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New Listing! Move-In-Ready Orcutt Home

Orcutt! Walk to schools and parks! This fabulous three bedroom, two bath home offers a cozy entrance with courtyard, updated kitchen including paint, granite counters, oven, microwave, and flooring. This floor plan offers easy living with the breakfast bar, dining open to the large living room complete with fireplace and lots of light. Enjoy remodeled bathrooms, fresh paint and like new fixtures in this move-in ready home.
Wendy Teixeira 805.310.3505

Written by Keith Byrd - Go to Keith's Website/Profile

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New Listing! 3 Bedroom Home in Santa Maria

Santa Maria cutie! This freshly painted home includes newly replaced carpet and finishes. The dual pane windows create lots of natural light and showcase the pretty fireplace and quaint bookshelves in the living area. Enjoy the roomy kitchen and dining area. The three bedrooms are nicely sized too with fresh paint and carpet. The hall bath was completely remodeled and features a glass shower, dual sinks and everything is practically new. Everything this home has to offer includes charm including the brick patio, mature landscaping and roomy yard!
Wendy Teixeira 805.310.3505

Written by Keith Byrd - Go to Keith's Website/Profile

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Farm, Ranch & Hobby Farm Loan Programs

Farm and Ranch Program

We support California agriculture! Loans for agriculture-zoned land (land, buildings, equipment, fixtures) and hobby farms.

Under our unique Hobby Farm Home Loan Program, homebuyers are eligible for up to $1.5 million to finance a purchase of a “Hobby Farm”, which is defined as a primary residence, but can be rental capable of some sustained agricultural production.

Central Coast Lending’s Farm and Ranch Program gives buyers up to $50 million to make farm and ranch purchases (land, buildings, equipment fixtures) to support agricultural production.

The Hobby Farm Home Loan Program is perfect for buyers who want to finance a purchase of a home on land with farm production capacity, while still relying on off-farm means for the majority of their income. Can use property income for qualifying.

Property qualifications are as follows:

  • Single family, detached residence
  • Owner occupied, primary residence, or investment with or without home
  • Must be “Hobby Farm” – defined as property with at least five acres of land with agriculture production capability OR used to produce gross annual income of at least $5,000.

The Hobby Farm Home Loan Program is eligible for financing investment properties, second homes, lot purchases, or townhouses.

Borrowers qualify with a credit score of 700 and a history clean of major negative credit events (bankruptcies, foreclosures, short sales).

General loan qualifications are as follows:

  • Minimum credit score of 680

Down payment requirements vary based on the loan amount:

  • 30%: $5 million
  • 40%: $50 million

To complete the loan, the property must meet several additional requirements, including zoning, environmental, dwelling, and crop-type qualifications.

The Hobby Farm Home Loan Program also offers these nifty options for borrowers:

  • Purchase / Refinance Combo: Borrower can pay off existing liens while accessing funds to purchase additional land.
  • Cash-Out Refinance: Proceeds must be used for property improvement or refinance of primary home.

Farm and Ranch Program

Central Coast Lending’s Farm and Ranch Program gives buyers financing capacity of up to $50 million to purchase parcels of land to use for agricultural production. Under the program, financing is also available for buildings, fixtures, equipment, and facilities (dairies, feedlots, storage units or processors) that are attached to the land.

Property qualifications are as follows:

  • Agriculture-zoned land (capable of producing agricultural commodities or products)
  • Minimum of five acres, no maximum acreage BUT if property is less than five acres, must produce over $5,000 in annual gross sales of agricultural products.

Eligible borrowers must be U.S. citizens or permanent residents with a minimum credit score of 680. Private corporations or partnerships are also eligible, providing members, stockholders, or partners with majority stakes are citizens or lawful permanent residence.

The loan-to-value (LTV) ratio describes the maximum eligible loan relative to the total value of the property. Maximum LTV options for the Farm and Ranch Program include:

  • 70%: Land loans up to $5.0 million:
  • 60%: Land loans exceeding $5.0 million:
  • 65%: Facilities loans (dairies, feedlots, storage units or processors)

The mortgage rate can be structured as either fixed (for a term 7, 10, 15, 20, 25, or 30 years) or adjustable (5-year Adjustable Rate Mortgage, 7/1, 10/1). ARMs offer a fixed mortgage rate for a preset amount of years, before resetting to a sliding rate that adjusts based on a market index.

Written by Central Coast Lending - Go to Central Coast Lending's Website/Profile
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New Lisiting! 3 Bedroom Los Osos Charmer

This is the quintessential Los Osos charmer. With 3 bedrooms and 2 baths, this wonderful home is tucked in among great neighbors and near Baywood Elementary School and Los Osos Middle School. Enjoy the ambiance and warmth of the 3-sided fireplace between the living room and dining area. The kitchen has been nicely remodeled and features a brand new range. All appliances, including the refrigerator and washer/dryer stay with the house. The master bedroom features two full sized closets, an en suite bathroom and has beautiful French doors leading to the backyard. There you can enjoy the deck, fire pit and plenty of room for a garden. Additional living space is available in the bonus room off the kitchen or it could be restored to a standard 2 car garage. The laundry area is conveniently located in a spacious closet in the kitchen. Explore the nearby Elfin Forrest, shop the weekly Farmer’s Market only blocks away and enjoy life on the Bay.
Kay Cementina 905.748.1438

Written by Keith Byrd - Go to Keith's Website/Profile

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New Listing! 3 Bedroom 2 Bath in Santa Maria

Beautiful home in the heart of Santa Maria’s Historic Carriage District! A timeless classic, yet renovated for modern use. Charming details include hardwood floors, knotty pine ceilings, beveled glass, crown molding and much more. Modern plumbing and electrical systems allow you to rest easy. A spacious home with three bedrooms plus office/library/ 4th bedroom option, three fireplaces, modern kitchen and indoor laundry. Lush landscaping and private backyard are ideal for entertaining or relaxation. Simply stunning! **Information deemed reliable but not verified or guaranteed by broker**
Shea Hutchinson 805.260.6322

Written by Keith Byrd - Go to Keith's Website/Profile

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CCL Market Update

International Trade in Goods

Third quarter GDP is off to a slow start, at least for international trade in goods where the July trade gap widened by more than $1 billion to $65.1 billion. Exports fell 1.3 percent and were pulled down by the sharp fall in vehicles and also consumer goods, both of which were weak categories for the US. Helping to ease the effect of exports was a 0.3 percent decline in imports. In imports foreign vehicles, which are usually in strong demand, fell 2.8 percent while industrial supplies were down 1.7 percent.

S & P Case-Shiller HPI

Home Price Appreciation was flat in the month of June based on last week’s FHFA house price index and now the Case-Shiller 20-city index which only increased by 0.1 percent. The unadjusted index, reflected increased housing activity during the summer when it rose 0.7 percent with a year on year rate of 5.7 percent  which remains unchanged from May but is down 2 tenths from earlier in the year. Despite softening, home prices remain as the center of strength in a low interest rate and low inflation. Lower prices won’t be adding to household wealth but they will give a boost to home sales and will offer first timers a greater chance at buying a home.

Consumer Confidence

August was a solid month for the Conference Board’s consumer confidence sample as the index is moved higher once again, to 122.9 from a revised 120.0 in July. August’s result is the best since March’s 124.9 and is the second highest since December 2000. The assessment of the present situation improved noticeably in the month to 151.2 from 145.4 and expectations pressed further ahead, up 1.0 point to a level of 104.0. The current employment assessment is also positive; jobs hard to get fell a sizable 1.4 percentage points to 17.3 percent saying jobs are plentiful up an equally impressive 2.2 points to a very strong 35.4 percent. On the expectations side, the most positive news comes from income expectations with optimists rising 9 tenths to 20.9 percent, which is very strong, while pessimists fell 1.7 percentage points to t 7.8 percent. The spread in this reading is at 13.1 points, which is unusually wide and points to confidence in job prospects and also investment returns.

 Mortgage Applications

Low mortgage rates are failing to entice home buyers, whose activity declined for the third straight week. Purchase applications for home mortgage fell a seasonally adjusted 3.0 percent in the week of August 25th following 2 percent declines in the prior two weeks. Unadjusted, the purchase index decreased 5 percent from the week prior, taking it to a level  only 4 percent higher than in the same week last year; this is well off the 8 plus percent gains seen in previous weeks this year. Applications for refinancing fell 2 percent from the prior week, the refinance share of mortgage activity rose by 1.2 percentage points to 46.4 percent. These three weeks of falling purchase applications is worrisome development for the housing market, which may be accelerating its retreat from expansion highs, especially following the evidence of July weakness submitted in the housing data report published last week, showing declines in sales for both new and existing homes.


The second quarter proved to be very solid, revised 4 tenths higher in the second estimate to a 3.0 percent annualized rate. And strength is centered where is must be as consumer spending is now at a 3.3 percent rate for a 5 tenths upward revision. Non-residential investment was also a positive at a 6.9 percent rate following the prior quarter’s 7.2 percent showing. Residential investment, however, was a drag on the second quarter, at a negative 6.5 percent rate that followed a positive 11.1 percent rate in the first quarter. Government purchase were negative for a second straight quarter, at minus 0.3 percent following a minus 0.6 percent in the first quarter showing. Both second quarter exports and inventories were slightly positive. Prices were very weak in the quarter at a 1.0 percent rate overall and 1.1 percent for the core. Inflation aside, the second quarter marked a solid though not exceptional reversal of the first quarter’s 1.2 percent pace and points to constructive momentum going into the third quarter.

Job-Cut Report

Layoff announcements remained subdued, but did increase in August to 33,825 from 28,307 in July; this is the highest total since April. Construction, where demand for labor is strong, actually had the highest layoff total in August followed by retail where layoffs have been heavy this year. These results unlike indications in other reports are not pointing to increasing strength for the August employment report.

Jobless Claims

Jobless claims remain at historic lows with initial claims at 236,000 in the week of August 26th. The four week average was at 236,750, this is the fifth consecutive week of declines.  Continuing claims are posting similar results, down 12,000 to 1.942 million in the lagging data for the week of August 19th, the four week average for this factor is down slightly to 1.952 million. The unemployment rate for insured workers remains unchanged at the very low percentage of 1.4 percent.

Personal Income and Outlays

Personal income and outlays were mixed in the report for July. Income is the highlight, up 0.4 percent in the month including a second straight 0.5 percent gain for wages and salaries in an important emerging sign of wage traction. Consumer spending rose 0.3 percent in the month, 1 tenth below economists’ predictions. Spending on services gained only 0.2 percent to offset the strength in durable goods was up 0.6 percent and non-durables, up 0.5 percent. The spending gain represents a moderate start for the major component of third quarter GDP. Inflation readings remain a major trouble spot, as they were up only 0.1 percent both overall and for the core reading. Year on year rates are up 1.4 percent for again the overall and core. Employment is very strong and may finally be reflected in strength in wages, but these gains have yet5 to boost inflation readings.

Pending Home Sales

For the fourth time in five months the pending home sales index fell, down 0.8 percent in July, signaling weakness for existing home sales which has also fallen in three of the last four reports. Housing began the year with strength before declining in strength during the spring selling season and summer months.

Employment Situation

August payroll, growth was solid but missed expectations while wage data was disappointing. Nonfarm payrolls rose 156,000 in the month vs. economists’ predictions of 180,000. Revisions are negative with July revised 20,000 lower to a level of 189,000 and June was down 21,000 to 210,000. The unemployment rate reflects the so0ftness rising 1 tenth to 4.4 percent. Average hourly earnings barely rose at all up only 0.1 percent on a monthly basis and 2.5 percent on a yearly basis. These percentages are both one tenth below expectations. A major positive in the report is ja 36,000 surge in manufacturing payrolls including a 10,000 upward revision to July to a 26,000 increase and a 9,000 upgrade to June to a gain of 21,000. Construction payroll, also showing solid gains, was up 28,000 following a 3,000 decline in July. An offset to manufacturing and construction gains is the weakness in retail which, after 6 straight months of declining added only 1,000 jobs.  Government payroll growth is below expectations falling 9,000 for the third decline in four months. Excluding government payrolls In August, private payrolls in August came in at 165,000, 9,000 above the headline total but still short of expectations by 15,000. Weekly hours are also soft, down 1 tenth to 34.4 with manufacturing, in contrast to the hiring, is down 2 tenths to 40.7 hours which points to a second straight monthly disappointment for the manufacturing sector of the industrial production report.

Construction Spending

Construction spending declined 0.6 percent in July. Driven by single family homes, residential construction rose a solid 0.8 percent in the month for a yearly gain of 11.6 percent, a drastic contrast from the 1.8 percent overall rate. Home improvements were also very strong up 1.4 percent in the month. Spending on multifamily construction continues to moderate gains as it was down 0.8 percent in the month and only a 2.6 percent yearly gain. The weakness in the report comes from the nonresidential side, especially commercial buildings, where private spending fell 1.9 percent for a yearly decline of 3.6 percent. Public building is soft with the educational category down 4.4 percent in July.

Consumer Sentiment

At a final 96.8 for August, consumer sentiment fell back sharply vs. the month’s preliminary reading of 97.6. The final result implies around a level of 96 in the last two weeks of the month, which however, still exceeds the readings of July ad June at 93 and 95 respectively. The report attributes the strength to optimism over income prospe4cts.  Details in the report include special strength for expectations at 87.7 vs. July’s 80.5, which offset a step back in current conditions at 110.9 vs 113.4 in July. Inflation expectations remain soft and unchanged at 2.6 percent for the 1 year outlook and down 1 tenth to 2.5 percent for the five year outlook.

Written by Central Coast Lending - Go to Central Coast Lending's Website/Profile