Home Buying in San Ramon>Question Details

Mohan.rajaroy, Home Buyer in Stockton, CA

Input on Loan Pre-Approval and Housing Trends

Asked by Mohan.rajaroy, Stockton, CA Fri Feb 8, 2013

Annual Income 220k, Fico is 800 Looking to buy in the range of 700-900, any input on loans, and housing trend?

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Sheryl Arndt’s answer
Hello Mohan, you are going to be limited by the loan limits in the ares you want to buy a home in. If you are buying a home as your principle residence, you can buy with FHA financing up to a $729,750 loan amount and as little as 3.5% down, depending on the loan limits in your area of choice. I can also offer you a conventional loan amount up to $625,500 with a minimum of 10% down.

Home prices are on the rise as well as rents so it is time to buy. We still have record low interest rates as well. Call for pre-approval in minutes and buy today. Here is a list of the documents needed for processing a loan approval or pre-approval within an hour. http://tinyurl.com/aepwnh4

If you want to puchase a home with a higher loan amount you will need a minimum of 20% down for a Jumbo loan over $625,500 and depending on the home location, $729,750 for FHA financing with the minimum 3.5% down payment. It only takes a few dozen questions to qualify you in minutes for the loan program to fit your needs the best financially. 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
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0 votes Thank Flag Link Sat Feb 9, 2013
Hello Mohan,

We have a loan mortgage broker in our office who can help get you preapproved. You can call us at 925-425-9491 so the loan broker can ask you more details and let you know what he needs from you to get you pre-approved.

$700K-$900K is a good rang to find a decent home in San Ramon. If you are not working with an agent, please call and I would be happy to help show you homes in San Ramon, Dublin, Pleasanton and Livermore.

Meena Gujral
Achievers Realty
0 votes Thank Flag Link Wed Mar 13, 2013
Input on loans: you need to talk to an experienced loan professional and get fully approved for the mortgage that best suits you. Much more personal information is needed which is not appropriate to disclose on this public website. That is why you should talk to a mortgage professional who can give your answers that are tailored to your specific situation. I would be happy to make a recommendation if that is what you desire.

Housing trend: that is a very broad question. You have posted your inquiry in regard to San Ramon. That is a very popular and desirable community. It offers a variety of housing of different styles and ages. San Ramon offers excellent schools. It is likely that you can find what you want in San Ramon in the price range that you outlined. I would be happy to help you.
0 votes Thank Flag Link Fri Feb 8, 2013
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