Home Buying in Lancaster>Question Details

TiffanyJ, Home Buyer in Palmdale, CA

Can I get qualified?

Asked by TiffanyJ, Palmdale, CA Tue Aug 14, 2012

Hello, I am more than interested in purchasing a home soon. I have a median credit score of 642, a gross income of $34,900 and $400.00 monthly debt. I have a small savings account as well. Any response would be greatly appreciated. Thank you.

Help the community by answering this question:


Yes I think you have a shot to buy something with that income, credit score and debt. It looks like you are in Palmdale? Prices are very affordable out there right now.
0 votes Thank Flag Link Fri Aug 31, 2012
Hi Tiffany,

Yes, you should investigate whether you can qualify for a purchase. In order of priority, here's what I would suggest you do:

1) Find a Realtor® to work with to protect you interests. You can check to make sure an Agent is a Realtor® by going here: http://www.realtor.org/rofindrealtor.nsf/pages/FS_FREALTOR?O…
Your Realtor® will be able to answer initial key questions and guide you through the process.

2) Obtain a "True Pre-Approval" (your most important step in my opinion).
Note that you may need to improve your credit score, increase cash reserves, etc. before buying; however, at least you will have a roadmap to eventually purchasing if this is the case.

3) Make sure you have access to your local Realtor® MLS data via an automated search.
MLS Data Accuracy – Where to search if you’re “without Realtor®”

4) Avoid dual-agency!

Best Regards, -Steve
0 votes Thank Flag Link Fri Aug 31, 2012
Hi Tiffany, everything sounds good with your income, credit score and low debt.You didn't mention if you are a first time home buyer. Local lenders have first time home buyer loans that will assist with down payment, closing costs, etc. I've helped a number of first time buyers, who used this loan program, and they loved it. One of my buyers bought a $130,000 house with a pool and has a lower mortgage payment than he was paying for renting an apartment! You can reach me at 661-816-7663. I would be happy to help you. Regards, Carol Coppola, Century 21 Anderson, Lancaster, CA.
0 votes Thank Flag Link Thu Aug 16, 2012
There are good agents that have answered. Have you considered the Palmdale Neighborhood Stabilization Program? Homes with new paint and carpet, ready to move in and some wonderful benefits as well. Not many Loan Officers are real familiar with this, however, Paul is.

I can show you these great homes and get you in contact with a great lender who will work hard for you.

Chuck Simons
0 votes Thank Flag Link Tue Aug 14, 2012
Hi TiffanyJ! The information you provided sounds promising! It looks like you're on the right track to owning a home. Planning your actions and getting pre-qualified will keep you out of the panic mode and allow you to take advantage of opportunities. A thorough plan will save both time and money!

Your first step would be to speak with a mortgage professional. There are several loan programs out there to choose from and an experienced lender would be able to help you choose the one that's right for you. I prefer Donna Kreig, a Senior Loan Officer, at Prospect Mortgage. She can be reached at (661) 816-8425.

Below is a link to more information about lending and the homebuying process (be sure to watch the video!):


Let me know if you have any further questions!

Melissa Goodermont, REALTOR, B.B.A.
Prudential Troth, REALTORS
(661) 733-8182
0 votes Thank Flag Link Tue Aug 14, 2012
Absolutely! =)

Choosing a lender is one of the most important steps of the home buying process. I have several lenders who I recommend highly. Below is one of the contacts I have found to be reliable, efficient, and, most importantly, honest. I'm sure he would be happy to speak with you regarding becoming prequalified. If you are interested in speaking with someone else, I would be happy to provide you with additional contact information.

Mark Glouner
Performance Mortgage
661 206-6345 Office
661 406-5629 Cell
661 206-6382 Fax
DRE ID: 01299857

Mike Watson
Keller Williams Realty
Cell: 661-733-2196 Fax: 661-538-2808
1401 West Rancho Vista Blvd Suite B
Palmdale, CA 93551
DRE License #: 1712313
0 votes Thank Flag Link Tue Aug 14, 2012

The first step is to speak with a lender, call Paul Porteus at Prospect Mortgage , his cell 661-547-1250.

After that you will then be able to look at homes, and I can do that for you.

I look forward to working with you.

Tanara Stoebe Realtor
0 votes Thank Flag Link Tue Aug 14, 2012
This question comes up almost daily. The answer is very simple. Find a local mortgage lender in your community. You can start with your own bank, or get onto yelp looking for good referrals. Ask your family, friends, and neighbors who they used for their mortgage.

Once you find a local mortgage lender, call them and ask them to pre-approve you for a mortgage. Only by going through the application process are you going to get the answer you're looking for.

Best of luck.
0 votes Thank Flag Link Tue Aug 14, 2012
Hi Tiffay - sounds like you are in a pretty good position. Call me and I'll get you together with a reliable lender. 661-816-8974.
0 votes Thank Flag Link Tue Aug 14, 2012
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