Laguna Woods Trust Facilities Fee:
Buyer to pay$7,500.00 new home buyers fee as of 1/1/22.
Buyer to pay transfer fees: Condominium - $400.00 & Cooperative - $350.00.
Condominiums:
The association fees are approximately$777 - $799per month. You pay your own property taxes twice per year and are billed by the county assessor. Taxes are approximately 1.03% of the purchaseprice. Association fees cover water, trash, basic cable, bus service, exterior of building & water intrusion, termite infestation and access to all other services provided by Laguna Woods Village such as Club House activities (250 Clubs), pools, bocce court, lawn bowling, exercise facilities, table tennis, golf, tennis, pickle ball, billiards, equestrian stables,etc.
Laguna WoodsVillage
55+ Senior Community
CONDOMINIUMQUALIFICATIONS
CO-OPERATIVEQUALIFICATIONS
Cooperatives:
The association fees areapproximately $645 - $670 per month plus property taxes.The taxes are added to your monthly fee and are figured at approximately 1.04% of the purchaseprice. The cooperative has interior standards that are maintained by the cooperative. Association fees cover water, trash, basic cable, bus service, exterior of building & water intrusion, termite infestation and access to all other services provided by Laguna Woods Village such as Club House activities (250 Clubs), pools, bocce court, lawn bowling, exercise facilities, table tennis, golf, tennis, pickle ball, billiards, equestrian stables,etc.
Association Fees, Property Taxes, Trust Fee and Financial
Laguna Woods Village has two type of properties, Condominiums and Stock Cooperatives.
All Association Information can be found by searching and scrolling on: www.lagunawoodsvillage.com.
Financial Qualifications:
Condominium:
Income - $45,000 per year.
Liquid Assets - Purchase price of unit + $125,000 (Call Jon Wallin 949-294-9442 to define acceptable Liquid Assets)
Stock Cooperative: Stock Cooperatives are owner occupied with NO Co-Applicants.
Income - $40,000 per year.
Liquid Assets - Purchase price of unit + $125,000 (Call Jon Wallin 949-294-9442 to define acceptable Liquid Assets)
- ASSET REQUIREMENTS - Only aged accounts (180 days) will be considered.
Co-Applicant - Cumulative of income & assets.
Co-Guarantor- Cumulative of assets (Call Jon Wallin 949-294-9442 to define acceptable Co-Guarantor qualifications)
- Co-Guarantors are for Condominiums Only
Qualifying with a mortgage -
The annual income + 12 Months of PI
Credit Qualifications -
Cooperative and Condominium Mutualswill require a credit report submitted with the escrow package.
