C21 Rainbow Realty
Real Estate ExpertsLocation
24310 Moulton Parkway Suite FLaguna Woods, CA 92637
In Laguna Woods Village there are three types of residences: Co-ops, Condos and The Towers. Each type of residence is managed by a different housing corporation with its own regulations requiring the financial requirements of prospective buyers.
Asset Requirement:
The prospective buyer of a manor shall submit satisfactory verifications of assets equal to the purchase price of the manor plus $125,000, must be aged accounts of 180 days.
Income Requirements:
Prospective members must provide satisfactory verification of income of at least $40,000 per year at the time of purchase.
Net Worth Requirement:
The prospective buyer of a manor shall submit satisfactory verification of net worth equal to the purchase price of the manor plus $200,000.
Income Requirement:
Prospective members must provide satisfactory verification of income of at least the sum total of the annual mortgage payment on the manor plus $60,000 per year at the time of purchase.
