Home Buying in Palm Desert>Question Details

lauerwendi, Home Buyer in Palm Desert, CA

Do you have to go in with cash or can you do financing? I am preapproved to close in 25 days.

Asked by lauerwendi, Palm Desert, CA Sat Sep 29, 2012

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You can finance with as low as half percent down payment with a minimum 580 fico score.
CHF Access half percent down brochure, pdf
http://tinyurl.com/9fak6ho
Sheryl Arndt, standard needs list checked
http://tinyurl.com/8p3792f

http://www.FrankandSheryl.com
http://www.Under640FicoScoreLoans.com
http://www.under640ficoscoreloans.com/Pages/ContactSheryl.aspx
Sheryl Arndt, Broker – Loan Officer
DRE# 01440252
NMLS# 297251
760-486-4225
0 votes Thank Flag Link Mon Oct 1, 2012
Hi lauerwendi,

If you have preapproved financing, sellers will accept that - you should submit a copy of your preapproval letter with your offer. You will need some cash for earnest money deposit, down payment, closing costs, etc. However, if the seller receives an all cash offer and it's comparable to yours, they will most likely accept the all cash offer due to the fact there will be no loan contingency.

Shanna Rogers
SR Realty
http://www.RealtyBySR.com
0 votes Thank Flag Link Sat Sep 29, 2012
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