Thanks for posting this question on Trulia. I think that it will be a good idea to talk to your real estate agent. As agents we deal with lenders all the time and after so many transactions we can tell you which loan officers are honest people who look out for your interests and deliver on time, and which ones do not. I have a few go-to mortgage brokers and I recommend them to all my clients (remember there is no kickback in it for us, so it is just our honest opinion). If my client can't figure out the best loan for him with one of the officers, we put him in contact with the other. Either way these are all people I like to work with and whom I trust.
Would you like me to put you in contact with one of my recommended loan officers? She is a top loan officer here in coastal Orange County. She is extremely qualified to help you find the right mortgage and very non-pushy (which I personally really appreciate about her :) ). Call me at 949 395 0960 or e-mail me at email@example.com
Have a great day!
Berkshire Hathaway Laguna Beach
949 395 0960
Just so that the advise seekers are well informed, REO properties can close as quickly as you want them to. If you're a cash buyer and there are a lot of them out due to the low list prices on REO's, you can close within 30 days. As an REO specialist, my clients have gone to the closing table anywhere from 25-60 days. The later has been primarily due to their ability to obtain FHA backed improvement loans (203K). This product will certainly take a minimum of 60 days but it is worth the wait to get money backing (at closing) on improvements you're going to make immediately, thus, elevating the value and comfort of your purchase.
I do agree with the the timing on short sales but with the right agent, these too, can move along within 60-90 days.
Go directly to the bank you do business with on a regular basis and speak to their loan representative. Talk to anyone that has recently gotten a loan and see how their experience was. Ask family and friends but be careful because sometimes the family/friend lender is not the best you can do.
First, get pre approved to get an idea of your buying power. Interview a minimum of three lenders and make your decision. Best of luck-
The majority of what you are hearing about lenders needing 60 to 90 days to close a loan is just hype from the media. If you have verifiable income such as tax records, bank statements and pay stubs, a lender should be to close your loan within 30 days. Please call Steven Saucer at 949-533-0642; he's a mortgage broker and should be to place a loan for you at the best rates. Good luck!
Thanks for your consideration.
Directors Financial Group
949.644.6240 - direct
714.318.6962 - cell
Happy funding, Rudi
Sorry about your team! As a Mission Viejo resident....I still have Mark Sanchez to root for.
As far as lenders....I know a few that I really like. I would rather put you in touch personally....so if you would like a referral, send me an email and I will get you their contact information. I like Keven Budde as well....but he's a direct lender with B of A and there might be better programs out there than he can offer.
His rates are MORE than competitive, and he can do most loans in 30 days, because all the processing is done right in his Laguna Niguel office. You wil NOT find a better lender.
Good luck in your home search. ( By the way, if you also need a Realtor, I have over 34 years experience selling real estate in South Orange County.)