Foreclosures are becoming more slim in volume but regular sales are on the rise. The right Realtor will be able to discern the best option and help you make this happen.
My 27 years of lending will help you put together the right loan package to help your offer get approved.
Here's my number. 951-265-1607. I'll help you with the right Realtor choice and we can cut your shopping time down and help you into a great home before interest rates rise any more.
Don't get pre-qualified....Get Approved!!!
I personally do not think of financing as a sales process as much as an education process... Once borrowers are educated properly they on well on the path to successful home ownership.
Wishing you the best
Before you commit with any agent I would call and feeling for who they are and if you like them. I would ask to speak with 4-5 buyers that have closed escrows with this agent with in the last two months. I would make them prove they actually closed the escrow through the MLS print out with the agents name on the listing. We specialize in representing buyers.
Since we've also been in lending for over 30 years, we know the ins and outs of REO's and short sales better than most agents. We also will fight for health and safety violations to be paid for by the banks before closing escrow.
Because we are lenders, as well as real estate agents,we know exactly what needs to be done to make sure your loan closes with out 11th hour disasters.
Did you know that over 50% of escrows fall out due to financing problems!?! Due to the complexities of lending these days- there are an enormous number of mistakes made. The problem is 99% of all loan files are
never submitted for approval until after you've been in escrow for weeks or a month!!! By then you've paid for an appraisal home inspections etc...most loan officers do not have underwriting abilities.
We start every home buyer off with a loan approval that includes your credit, income and assets. Most loan approval letters are not worth the paper they are written on. If you look at these letters the letter will state the approval doesn't cover income it assets? Yikes!!
You will have a much better chance to win over a competing offer if your agent
submits a FULL loan approval rather than a worthless preapproval letter.
If you slready have a lender we will work with that lender.
This is not a market for new agents to learn at your expense. I would choose an agent with at least 10 years FULL TIME experience. We've worked through 3 recessions now. We have lots if tools in our tool box that benifits all our clients!
We've lived and worked in the valley for over 20 years.Pease look up our websites,profiles and customer testimonials.
Good luck to you!
Scott and Shelley Weier
Cal State Realty
DRE License: #01175869/01217373
C2 Financial Corporation
Cell: 951-264-1163 Scott
Cell: 951-264-1195 Shelley
NMLS License # 258707
First thing you will need is a pre-approval for your loan. I have an excellent lender you can contact, if you don't already have one.
Once you have your pre-approval, I would be more than happy to help you find your new home. (Shanna@RealtyBySR.com or 951-240-2205).
You will need a minimum 580 fico score to qualify for FHA 3.5% down which will be enough and then there is half percent down payment assistance programs which will also work. If you have a minimum 620 fico score, you may consider conventional 5% down with NO Mortgage insurance (Lender paid MI). If you have a minimum 700 fico score, you may consider 3% down conventional. I can issue a pre-approval letter within an hour of receiving these documents to process a loan approval or pre-approval leter to get you out shopping for a home of your choice.
It only takes a few dozen questions to qualify you in minutes for the program to fit your needs the best financially. I specialize in Under and Over 640 Fico Score Loans and offer credit repair at no cost to raise fico scores to qualify for programs, rates and terms as necessary. I can raise fico scores within 3-4 days in most cases. There is an example of various financing options @400k, down payments, minimum fico scores and closing costs in the Conventional link below.
Here are some links to study and consider.
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
20+ Years Experience
9am till 9pm 7 days
Talk to your lender about a FHA loan. These allow first time home buyers buy a home with at least 3.5% down. HUD's 203(k) program can help you to purchase or refinance a property plus include in the loan the cost of making the repairs and improvements. The FHA insured 203(k) loan is provided through approved mortgage lenders nationwide. It is available to persons wanting to occupy the home.
Once you do that, check out http://www.bankforeclosuressale.com. It is a website that shows the active foreclosure listings through all of the USA. Currently there are 443 active listings in Temecula. Good luck in your real estate purchase!