Financing in Sacramento : Real Estate Advice

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Jeff  Marr, Real Estate Pro in Roseville, CA
Jeff Marr answered:
Is there a way to get a lender to count my restricted stocks as part of my income? My income is 120K per yr; 690 credit score; $300 mo. debt.
Dear LMP0696, all qualifying income we use needs to be considered stable, and will last for at least an additional 3 years after your loan is funded....if the lender's underwriter can't ... more
0 votes Share Flag Sat Jan 23, 2016 Financing in Sacramento
Claudia Mull…, Real Estate Pro in
Claudia Muller Gravelle answered:
Loan after short sale
After short sale or foreclosures:

VA: 2 years

FHA: 3 years

Conventional: 4 years

Jumbo (A paper) 7 years
0 votes Share Flag Mon Dec 21, 2015 Financing in 95818
Claudia Mull…, Real Estate Pro in
Claudia Muller Gravelle answered:
We had a short sale on an investment property in 2012 because coowners bailed on us. Cam we now pull a line of credit on a primary home or refinance?
Lenders have set up a strict guideline.
Most equity lines will not consider a loan that shows a short sale, foreclosure or bankruptcy on the credit report at all. That means 10 years ... more
0 votes Share Flag Tue Dec 8, 2015 Financing in 95818
Five Stars, Real Estate Pro in Jacksonville, FL
Five Stars answered:
Can I get some references to FHA lenders in the Sacramento area?
Please reach out to us to discuss your options..

Five Stars Mortgage
National Home Loan Resource
7 days week - 9am-8pm
Ph: 800-871-2636
www.FiveStarsMortgage.com
0 votes Share Flag Tue Dec 8, 2015 Financing in Sacramento
Sheryl Arndt, Real Estate Pro in Woodland Hills, CA
Sheryl Arndt answered:
When can I get a mortgage after a BK and Short sale?
Hello James, you may now qualify ONE DAY after a short sale, foreclosure or deed in lieu with 20% down and since it has been 2 years since your BK you may qualify FHA as low as 3.5% dow ... more
0 votes Share Flag Sat Nov 21, 2015 Financing in 95818
Jim Walker, Real Estate Pro in Carmichael, CA
Jim Walker answered:
our property is closing at $115,000.00. Is $2688 reasonable for the broker fee. Who pays this fee.?
That works out to only 2.38% of the sale price. Cheap. Who pays? The closing statement will say who pays that money and to whom. Of course if you had been paying any attention at all ... more
0 votes Share Flag Wed Nov 4, 2015 Financing in Sacramento
George Dudley, Real Estate Pro in Tampa, FL
George Dudley answered:
I have really bad credit but a good rental payment history.
Sherry exactly how bad is your credit? There are different levels of bad
0 votes Share Flag Sun Nov 1, 2015 Financing in Sacramento
Dan Tabit, Real Estate Pro in Issaquah, WA
Dan Tabit answered:
Does the Lender pay the Mortgage broker fees. What is considered Padding?
Off,
The old days of meaningless lender fees as profit are largely gone. For residential real estate loans the origination fee is what a lender collects as their fee for services. I ... more
0 votes Share Flag Wed Oct 28, 2015 Financing in Sacramento
Jennifer Kei…, Other/Just Looking in Granite Bay, CA
Jennifer Keith-Weaver answered:
available mortgage loans
Hello there,
Reading our minimum waiting period guidelines it looks like for FHA loans, the waiting period depends on whether you were current on your mortgage payments leading up to t ... more
0 votes Share Flag Tue Apr 21, 2015 Financing in 95818
Jennifer Kei…, Other/Just Looking in Granite Bay, CA
Jennifer Keith-Weaver answered:
Can I finance a home loan through my business with my EIN?
Hi there!
I know we only offer loans to individuals, not companies. We are great at helping self-employed borrowers qualify for loans though, if that's at all helpful!
Feel free to c ... more
0 votes Share Flag Tue Apr 21, 2015 Financing in Sacramento
Randy Stoker, Real Estate Pro in Roseville, CA
Randy Stoker answered:
How do I find out if someone has bad credit, liens against their property etc.?
I would allow your broker to do his job and research the prospect's credit and work history for you. You will need a current credit report and copies of prior years tax returns to fully ... more
0 votes Share Flag Tue Feb 17, 2015 Financing in Sacramento
Randy Stoker, Real Estate Pro in Roseville, CA
Randy Stoker answered:
In February 2014 we short saled our home after beong underwater for over a year. We have property that was free and clear that we decided to build a
Banks are hesitant to make loans with recent short sale history. You may have to use the services of a Hard Money Lender, companies that make loans based on equity vs. credit scores and ... more
0 votes Share Flag Thu Feb 5, 2015 Financing in 95818
Derek Jones, Real Estate Pro in Fair Oaks, CA
Derek Jones answered:
what is the average rent it sacremento?
Sacramento is a large city, it would depend on what part of Sacramento you are looking to rent. It can be anywhere between $500 - $2000+.
0 votes Share Flag Tue Jan 20, 2015 Financing in 95828
Al Mendoza, Home Buyer in Houston, TX
Al Mendoza answered:
For Us Banks American Dream home loan program, how is the median area income determined? also, do they use last years w-2 to determine if you qualify?
The ADHLP (American Dream Home Loan Program is based up on a review and combine income of 24 months, hence the decision is based on your current income but will be impacted if your inco ... more
0 votes Share Flag Fri Jan 9, 2015 Financing in Sacramento
Valli Lopez, Real Estate Pro in San Diego, CA
Valli Lopez answered:
I had a short sale in 2011, no longer on my credit report. trying to buy a house, will i be able to get financing?
If you buy FHA or VA, yes now is fine.

If you want to avoid MI and use a conventional loan, I would need 20% down and can finance it on a portfolio loan with just slightly higher i ... more
0 votes Share Flag Thu Sep 18, 2014 Financing in 95818
Derek Jones, Real Estate Pro in Fair Oaks, CA
Derek Jones answered:
FHA Market Share
For Sacramento country in the month of June about 46% of sales were conventional and 23% FHA.
0 votes Share Flag Thu Aug 7, 2014 Financing in Sacramento
Craig Bosse, Real Estate Pro in Concord, CA
Craig Bosse answered:
who can I talk in Colorado regarding purchasing a home after a short sale? My job was eliminated and I had to relocate from a small town to find a job
You don't have to wait.....

We have a portfolio "2nd Chance" loan that allows you to buy again just one day after Short-Sale or Foreclosure. You can only have one on your credit and ... more
0 votes Share Flag Thu May 22, 2014 Financing in 95818
RonS, Other/Just Looking in Concord, CA
RonS answered:
Is a homepath loan a harder one to get approved by a lender?
No. It's no different than any other GSE loan program. In fact, it's sometimes easier considering for one, you do not need an appraisal. There are sometimes, some higher fees and less n ... more
0 votes Share Flag Tue Apr 8, 2014 Financing in Sacramento
Hyatt Simons, Real Estate Pro in Sacramento, CA
Hyatt Simons answered:
LOAN AFTER A SHORT SALE FOR A PURCHASE IN NJ Any knowledge regarding who will qualify us?
The best first step to homeownership is to talk with a lender who specializes in home lending. You will need to choose a lender at some point so its the best place to start the home buy ... more
0 votes Share Flag Sun Feb 2, 2014 Financing in 95818
mark.ray, Other/Just Looking in Roseville, CA
mark.ray answered:
Need help finding a lender that does not adhere to Fannie Mae/Freddie Mac guidelines.
Rabobank in Roseville specializes in financing non warrantable condos. Our portfolio programs works with 20% down. I would love to help
916 225-5626
mark.ray@rabobank.com
0 votes Share Flag Tue Jan 7, 2014 Financing in Sacramento
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