Hello Robshlee, there is nothing coming up in that zip code of Tracy but there are a few in other zip codes. You should check with the local rental management companies to check what inventory is available.
If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve and you can be emailed listings to fit your search criteria. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.
The purchase in 95304 zip code of Tracy start from 265k for 2bd 2ba single family home which is as low as $1,325 down payment with a minimum 580 fico score @265k.
You should study RENT vs BUY options as you may qualify to buy with minimum out of pocket expenses and pay less than rent in many cities. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.
Beware of the many rental scams out there these days on all sites. The scams are on all of the rental listing sites except one that us agents/broker use such as mls, multiple listing service.
You should not give anyone any funds or personal information without confirming with a licensed agent/broker or management company to find out whom you should be dealing with and the status of any address of interest.
You will need to be pre-approved if you decide to buy to be able to meet an agent to view and submit offers on any homes of your choice. Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the down payment and closing costs.
You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down or as low as .5% half percent down payment program up to 417k. You may consider 3% down conventional from a minimum 620 fico score or even 5% down conventional with NO Mortgage insurance (Lender paid MI) up to 417k.
It only takes a few dozen questions to qualify, go over your options and email you listings to study and compare. Here are some links to study as well as web reference links to many loan program pages offered...
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA/CalVet Loan Specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
22+ Years Experience
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7
Under640FicoScoreLoans@gmail.com or HomeLoans4U@live.com
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In a short sale your offer is really made to the Seller and they have to accept your offer, which will be contingent upon what the Seller's bank will accept. If you really need to have your closing cost covered this should, ideally, have been in your original contract offer.
Once the seller accepts the contract it is submitted to the seller's lender. They will review the offer and Title/Escrow will prepare a HUD (closing statement) showing the Seller's lender how much fees and how much money the seller's lender is writing off. That lender then submits to the "powers that be" for approval. If they don't like what they see then then counter back to the Seller. Who counters back to you. When you make changes to the contract this upset's the flow and can put the file at the bottom of the stack and delay your approval.
Talk with your agent and lender so that you have a contract you can perform to.
Executed sale purchase contract between you and buyer governs release of earnest money held in escrow by the title company. Title company can not release money till all parties have signed amendment, however both parties MUST comply with contract.
It is the buyers agent who has forward an amendment cancel sales purchase not the loan officer who has no authority over the contract.
Speak with your listing agent determine what is your recourse. Buyer could be sued if they have no cause not too close just changed their mind in purchasing. Now if lender determine not qualified for a loan, then earnest money may have to be returned.