A, Home Buyer in 91030

Does anyone know a reliable and nice real estate agent around South Pasadena/Monterey Park, CA area?

Asked by A, 91030 Sat Jan 2, 2010

Preferably someone who is familiar with USC related mortgage and housing allowance.

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6
Dear Deena,

Al Luna @ Keller Williams in Arcadia has over 20 yrs. of experience. Please give him a call: (213) 709-4993

Healthiest regards,

Khalif Majied, CMI
A Plus Mold, Inc.
(310) 849-6903
http://www.aplusmoldinspection.com
0 votes Thank Flag Link Sun Jun 3, 2012
My name is Deena Willis and I am a Broker Owner of RE/MAX Property Concierge in South Pasadena. I cover both areas in which you are interested in looking and I have helped many employed by USC to purchase properties in the area.I am happy to help you with your need. Feel free to call me anytime to discuss. 626-483-8840.

Sincerely,
Deena D. Willis, Broker
Re/Max Property Concierge
South Pasadena
626-483-8840
http://www.Pasadenadeena.com
http://www.up2daterealestate.com
0 votes Thank Flag Link Sun Jun 3, 2012
Actually, there are separate loans for physicians, as well. Those are through another source. I think at this point it would be a good thing to talk. You can email me separately and I'll give you the numbers to call. Believe me, I don't supplement my income by referrals to these loan companies -- they have just proven to me over the years that they are ethical, professional, and care very much for my clients. I will be in meetings until about 2 this afternoon, so if you leave me either a voicemail or email, I'll get back to you. Bonnie
0 votes Thank Flag Link Sun Jan 3, 2010
Thank you very much for the replies.

Bonnie, the loan program below sounds nice. At first, we were looking at the "0% down doctor's mortgage loan program" from Bank of America but they apparently suspended the program early last year because of the economy... Thus, we were about to look into the FHA loans because of the 3.5% down.

*Do you know if there is an income limit to the loan from the San Diego lender?
*Would an Attending Physician/Associate Professor with six figure salary qualify for the mortgage?
0 votes Thank Flag Link Sun Jan 3, 2010
Hi Home Buyer,
I'm licensed in WA, but have some good contacts in Pasadena through another site called Active Rain. Take a look here http://activerain.com/states/CA/cities/Pasadena and read a few blogs to see who appeals to you. Bonnie who answered below is on A/R too.
Best of luck.
Dan
0 votes Thank Flag Link Sun Jan 3, 2010
I work all of So. CA and am "reliable and nice."

My understanding of the USC package is that the Short-term Loan Program is designed to assist the participant in obtaining favorable primary financing. The loan may be for $100,000 or 10% of the purchase price, whichever is less. The loan is due in 7 years and may be amortizing (over 15 years at 7%, currently) or interest only at 8%. A life insurance policy in the amount of the loan is required naming USC as the beneficiary. The following criteria also apply. Housing expenses including mortgage payments, insurance, property taxes and homeowners’ association dues (HOA) cannot exceed 35% of gross income. As well, monthly debt obligations cannot exceed 40% of gross income. Finally, all income must be verified. These loans are must be approved by the Treasurer’s Office.

I am not sure if this is the very best loan available for professionals working in the teaching environment. I work with a direct lender in San Diego who is the no. 1 lender for teachers in California. Their program includes
• Best Home Loan program for teachers in CA!
• Only 3% Down-Payment Required!
• Allows teachers to write offers on property as a Conventional loan product!
• Avoid Mortgage Insurance!
• 17% Down-Payment is a Silent 2nd for five years!
• Available to teachers, administrators, school psychologists, etc…
• Can close and fund loan in 30 days!

If you would like me to discuss this with you or find out any further information, please do not hesitate to call or email me.

Bonnie Scribner, REALTOR, QSC
DRE #01447853
Cell: 714.296.0513
Century 21 Discovery
Bonnie@BonnieTheRealtor.com
http://www.BonnieTheRealtor.com
0 votes Thank Flag Link Sat Jan 2, 2010
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