Home Buying in Stockton>Question Details

dgraviano, Home Buyer in Tahoe City, CA

Could someone walk me through the process of buying a HomePath home in the Stockton area? Thanks!

Asked by dgraviano, Tahoe City, CA Wed Jan 30, 2013

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11
Annette Lawrence’s answer
You really should consider giving Judy Pham a call.
She has suggested there is much you do not know.
You really, really need to know what you do not know
before you get into a box that has no escape.

It is a simple process, but you really would be well advised to get a guide.
0 votes Thank Flag Link Thu Jan 31, 2013
sorry, I have no idea how to help you out in this question.
0 votes Thank Flag Link Thu Jan 31, 2013
Hello dgaviano, Agents/Brokers can not pre-approve you and discuss rates and terms with you. Only a licensed Lender can do that. I can go over all the questions you have in minutes as well as pre-approval as it only takes a few dozen questions to pre-approve you in minutes too. I specialize in Under 640 Fico Score Loans and offer credit repair at no cost to raise fico scores to qualify if necessary. Do you have down payment and closing costs saved? Do you need HomePath listing and other listings emailed to you? Here are some links to study and consider if you are an Investor or owner occupied buyer. You can buy from half percent down to 15% down depending on Investor or Owner occupied.

http://www.under640ficoscoreloans.com/Pages/HomePath.aspx

http://www.under640ficoscoreloans.com/Pages/Conventional.aspx

http://www.under640ficoscoreloans.com/Pages/CHDAPLoans.aspx

http://www.under640ficoscoreloans.com/Pages/HalfPercentDown.aspx

http://www.under640ficoscoreloans.com/Pages/ContactSheryl.aspx
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
REO & Short Sale Specialist
Credit Repair At No Cost
20+ Years Experience
DRE# 01140252
NMLS# 297251
760-486-4225
9am till 9pm 7 days
http://youtu.be/MrygA2_8fAY
0 votes Thank Flag Link Thu Jan 31, 2013
Call me so I can explain over the phone or in person. My info below

Janet Ramirez
Integrity Real Estate Center, Inc.
Broker/Owner
Certified Hafa Specialist
Certified Distressed Property Expert
Broker Price Opinion Specialist
5904 N. El Dorado St Ste.# F
Stockton, Ca 95207
209-472-0389 Office
209-598-1502 cell
209-444-9888 efax
http://janetramirez.metrolistpro.com
http://hosted.cdpe.com/181662/Home.aspx
0 votes Thank Flag Link Thu Jan 31, 2013
So the the transactions are usually much shorter than convenytional purchases............
0 votes Thank Flag Link Wed Jan 30, 2013
There are no appraisal fees with a Homepath as Fannie Mae who will securitize the loan, is also the seller.
0 votes Thank Flag Link Wed Jan 30, 2013
The process of purchasing a homepath home is the same process to purchase any other home. The only difference is that instead of just signing the 10 page purchase contract, for homepath properties you will also have to sign their 13 page bank addendum as well. For homepath properties, for the first 15 days they will only review offers from owner occupants. If you are an investor and if the home is still available then they will review your offer after the 15 day first look period is up.

You could go to homepath.com and if it says "firstlook" then they will only review offers from owner occupants. If you click on the property then it will show you how many days are left before they could review offers from investors. I just closed a deal on a homepath property and just received a verbal acceptance for another homepath property. If you have any further questions then please feel free to contact me directly.

Judy Pham
Prudential California Realty
3202 W. March Lane #D
Stockton, CA 95219
Cell: (209)403-1595
Fax: (209)235-2024
DRE# 01820359
Jpham@prucalifornia.com
http://www.judypham.com
0 votes Thank Flag Link Wed Jan 30, 2013
The process of buying a HomePath property is not much different than buying any other property. Taj did a great job of laying out the steps. Throw in having your buyer inspections completed and you're ready to make it happen.

Good luck!

Randy
0 votes Thank Flag Link Wed Jan 30, 2013
Hi Dgraviano,
The first part of the process is to call a lender (if your using a loan ) and obtain a pre-approval letter.

Shop for the home
Put in an offer
Obtain acceptance of your offer
Open escrow
Make escrow deposit
Provide your lender all requested documents
Provide title all requested documents
Sign lender docs
Obtain lender funding In escrow
Place remainder of funds for closing in escrow
Close escrow
Get keys


If you are referring to homepath "financing " the process above is the same.

Thanks
Taj Weldon
209-740-4176
DRE 01816152
Tywelldone@gmail.com
0 votes Thank Flag Link Wed Jan 30, 2013
Feel free to call

Thierry Abel
Senior Loan Consultant
All California Mortgage
A Division of APMC
P: (415) 464-8261
C: (415) 378-7508
F: (415) 464-2367
E: tabel@allcalifornia.com
NMLS 304353 - DRE 01380701
0 votes Thank Flag Link Wed Jan 30, 2013
Hello dgraviano, It is a 15% down payment for Investor purchase. Here is a link.

http://www.under640ficoscoreloans.com/Pages/HomePath.aspx

http://www.under640ficoscoreloans.com/Pages/ContactSheryl.aspx
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
REO & Short Sale Specialist
Credit Repair At No Cost
20+ Years Experience
DRE# 01140252
NMLS# 297251
760-486-4225
9am till 9pm 7 days
http://youtu.be/MrygA2_8fAY
0 votes Thank Flag Link Wed Jan 30, 2013
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