Home Buying in Clovis>Question Details

jillology1a, Home Buyer in Clovis, CA

need help qualifying to buy home. Where should I start?

Asked by jillology1a, Clovis, CA Tue Apr 9, 2013

Clovis,ca looking to qualify to buy home.

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Answers

8
Have a plan.
1) Definitely get pre-qualified.
2) Decide where you want to be living in 5 years, 10 years, etc. Will it be the same house?
3) Have a workable realistic budget, just because you can qualify for "X" dollars, does not always mean you should buy a house at that amount. Look at your lifestyle your hobbies and extra expenses. Do not add stress your life by maxing out your income to expenses ratio.
4) Find a Realtor that will help you find the right house at the right price, and can provide you with updated information as it is released.

and 5) enjoy the hunt.

If you have any question about how I can get help you find your future home, contact me.
0 votes Thank Flag Link Thu Apr 11, 2013
Going shopping for a mortgage. It may seem backwards to shop for a mortgage before you shop for the house, but there are several reasons for doing this. Shopping for a mortgage will also help if you can get “pre-approved” for the amount you’d like to borrow. This means the lender has looked over your credit and financial statement and agreed to lend you the money. Sellers like pre-approved buyers because there’s less risk the deal won’t go through. First, you’ll find out how much you can borrow, which has a lot to do with how much house you can buy. Get my top 25 Questions for FREE that you should be asking your lender before you choose them to secure a mortgage.

Whether you’re, buying, or building your dream home, you have a lot riding on your decision. Market conditions and mortgage programs change frequently, and I welcome the opportunity to serve your needs with quick and accurate real estate financing advice. I have the expertise and knowledge to help you determine the absolute best loan program to meet your objectives.

Ensuring that you make the right choice for you and your family is my ultimate goal. And I am committed to providing my customers with mortgage services that exceed their expectations.. As always, you may contact me anytime by phone, fax or email for personalized service and expert advice.

I look forward to working with you!

Lowell Sterling
Mortgage Banker
NMLS# 968898
LSterling@englending.com
16800 N. Dallas Pkwy, Suite 290 | Dallas, TX 75248
Office: 972-646-2411 | Cell: 214-418-7022 | Fax: 214-614-4637
Bank of England /dba ENG Lending: NMLS# 418481
0 votes Thank Flag Link Tue Apr 9, 2013
It only takes a few dozen questions to qualify you in minutes for the program to fit your needs the best financially. I specialize in Under 640 Fico Score Loans and offer credit repair at no cost to raise fico scores to qualify for programs, rates and terms as necessary. I can raise fico scores within 3-4 days in most cases.

Here is a list of the documents you need to gather for processing a loan approval, DU Approval or pre-approval letter to get out shopping for a home of your choice. http://tinyurl.com/9m2rsb2

You may qualify with a minimum 580 fico score for FHA 3.5% or as low as half percent down payment program. You can buy with minimum out of pocket expenses. It depends on your fico scores, debt to income ratios and how much you want to invest into the down payment and closing costs. If you have a minimum 700 fico score, you may qualify for 3% down conventional or minimum 620 fico score may qualify for 5% down conventional with NO Mortgage insurance (Lender paid MI).

Once I receive copies of the documents on the needs list and ask a few dozen questions, I can issue a pre-approval letter to you to get out shopping for a home of your choice. I can refer an agent to you if you don't have one. Here are some links to study and consider that I offer.

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

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

http://www.under640ficoscoreloans.com/Pages/JumboLoan.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
ALL Loan Programs Available
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 Tue Apr 9, 2013
You definitely want to speak with a mortgage broker. I can set you up with the broker I always work with. Contact me if you would like his information.
0 votes Thank Flag Link Tue Apr 9, 2013
First place to start always is by speaking with a mortgage lender. They will tell you what you can afford or if there are some things you can do to increase your buying potential. No sense looking at homes you cant afford. If you want a great lender to speak to reach out to Tony Lupescu. Hes the best in the bizz his info is below. He def will be able to help you out!

Tony Lupescu
708-351-6416
Tony@Loansfrom tony.com
0 votes Thank Flag Link Tue Apr 9, 2013
A great place to start is to meet with a lender. I highly recommend Toby Petrucelli with American Financial. She has been in the business for a long time and is very good. Once you have met with a lender and received a preapproval, then we can have a great foundation to put a plan in place for your home purchase.
0 votes Thank Flag Link Tue Apr 9, 2013
Universal Lending and Real Estate we can take care of you and your loan 559-349-6754
0 votes Thank Flag Link Tue Apr 9, 2013
One of the best places to start is find a Realtor you can trust. Most Real Estate agents work and have knowledge of about a half a dozen good Lenders. A good Realtor will help you find the right lender and this can really help you have a smooth transaction. From expereince you want to work with a local lender somebody you can meet with and talk to whenever you need to. Online lending is difficult for the buyer, the Realtor and the title and escrow company. I have several lenders I can refer just let me know.
0 votes Thank Flag Link Tue Apr 9, 2013
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