It sounds very feasible. Please talk to a licensed loan officer. Or you can contact us and we'll explain details on different loan programs.
Thanks for contacting us here on Trulia!
It is very possible that your parents will be able to be approved for another loan for a condo, it just depends on their credit and income. You should have your parents contact a lender to see how much they can get pre-approved for (your local bank/credit union, or I can recommend a few lenders to you). It is a quick process with no obligation.
I grew up in Irvine and my parents actually own a 5 bed home in Tustin and another 4 bed home in Irvine. They recently were approved for a loan for about $400,000 to buy another investment condo property. It really just depends on your parents' financial situation.
Feel free to contact me directly with any further questions/concerns. I would also be happy to email you a list of available properties in your price range and set up showings for any properties you are interested in.
You will need to talk with a lender so they can tell you how much of a condo you can purchase and at what payment
That may be an important factor for you. I would like to interview for being your agent
Ingrid Ski Realtor
If you purchase the condo on your own, you'll appreciate it more and have the pride of having done the work and accomplished the goal of homeownership on your own.
Yes, it is possible for your parents to co-sign for you. They would be considered non-occupying co-borrowers.
You will get a better interest rate if you are the occupying, primary borrower and your parents the non-occupying co-borrowers.
C2 Financial Corporation
2845 Moorpark Avenue, Suite 209
San Jose, CA 95128
I don't think you will get credit for it, even if it is your checks coming to them every month.
It will be an olympic event to get you added later.
Talk to this guy; he's great and very near to you in Mission something, or Laguna other:
Best of luck.