Financing in San Francisco : Advice

change location

cancel or

Activity

215
Sheryl Arndt, Real Estate Pro in California
Sheryl Arndt answered:
What is the maximum amount of unit I could purchase under a owner occupied VA, FHA or 203k loan? I am looking at buying a multiplex 3-6 units.
Hello Daniel, your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the down payment and c ... more
0 votes Share Flag Thu May 21, 2015 Financing in San Francisco
Antonio Prado, Real Estate Pro in San Mateo, CA
Antonio Prado answered:
Physician Mortgate San Francisco
Hello,

If you still need help or a second opinion give Jed from Bankers Preferred a call;


Jed Thibodeau
Loan Consultant
(650) 275-2202 phone
(650) 227-2474 fax
NMLS ID: 131 ... more
0 votes Share Flag Thu May 7, 2015 Financing in San Francisco
Sheryl Arndt, Real Estate Pro in California
Sheryl Arndt answered:
Condo association loans for 16 unit building in California
Hello Zannie, it only takes a few dozen questions to qualify and go over your options or the HOA options if it going to be a commercial loan or what options are available but it I the H ... more
0 votes Share Flag Mon Apr 20, 2015 Financing in San Francisco
Randall Ortiz, Real Estate Pro in Sacramento, CA
Randall Ortiz answered:
Any referrals for San Francisco lenders for SRO?
I have a great lender for you that has an office in San Francisco. Give me a call at 916-529-3707.
0 votes Share Flag Sun Apr 5, 2015 Financing in San Francisco
Ryan Rudnick, Real Estate Pro in 94114
Ryan Rudnick answered:
What FICO is needed to qualify for a fractional TIC loan?
Qualifying for a loan doesn't just depend on FICO scores, so there's no set in stone answer to your question. Your best bet is to speak to some loan specialists or mortgage brokers who ... more
0 votes Share Flag Sat Mar 21, 2015 Financing in San Francisco
Brian Martuc…, Real Estate Pro in Washington, DC
Brian Martucci answered:
How can I track mortgage rate trends?
Interest rates go up and down with the mortgage back securities market, not the 10 year treasury note. If you can find a source to track mortgage-backed securities that would be your cl ... more
0 votes Share Flag Sat Mar 14, 2015 Financing in San Francisco
Ryan Rudnick, Real Estate Pro in 94114
Ryan Rudnick answered:
What is a typical refi process look like?
The answers below all sound like great advice to me! The loan process for a refinance is very similar to the process when you purchased the home. You'll apply for the refinance and go ... more
0 votes Share Flag Fri Mar 13, 2015 Financing in San Francisco
Arpad Racz, Real Estate Pro in 94040
Arpad Racz answered:
How can I make an offer non-contingent on financing? Is that safe?
Hi CT,

Your local RE and loan agent would want to explain the pros and cons of offer strategy to you.

All the best,

Arpad
0 votes Share Flag Fri Mar 6, 2015 Financing in San Francisco
Sandy Thomps…, Real Estate Pro in 60061
Sandy Thompson Girolami answered:
I'm looking to refi a $193k loan to reduce my rate (currently at 6.125% interest rate).
You should not have to buy down a rate 4.75 assuming you have decent credit. CrossCountry Mortgage is a direct lender. We originate the loans with very few overlays. I would be happ ... more
0 votes Share Flag Tue Feb 10, 2015 Financing in 94109
Jessica Bate…, Real Estate Pro in Los Angeles, CA
Jessica Bateman answered:
I am Planing to go for a 300k home, I can try to put 10% down, my confusion is whether to go for FHA or 10 down%, conventional?,
You can get an FHA loan with 3.5% down most conventional loans need 20%. I have client's who have got approved and received a good rate at The Lenders Network I would check them out the ... more
2 votes Share Flag Sun Feb 8, 2015 Financing in 94117
Robert Chome…, Real Estate Pro in San Diego, CA
Robert Chomentowski answered:
I'm trying to get 4-unit a refi on a jumbo loan. My property is a 4-unit on Russian Hill.
I would be happy to discuss with you. I have closed loans on 4 unit properties. You plan to live in the property correct? You should be able to count 75% of the rents from the units ... more
0 votes Share Flag Sun Feb 8, 2015 Financing in 94109
Craig Bosse, Real Estate Pro in Concord, CA
Craig Bosse answered:
Are there any lenders out there in the Northern CA area who can/will do a refi on a jumbo loan when I have a high debt to income ratio?
Hi Bernie,

We may have a product that would fit you. I would need to know more about your scenario.

Are you self employed? Do you have liquid assets?

Thanks.
0 votes Share Flag Sun Feb 8, 2015 Financing in 94109
Brian Nguyen, Real Estate Pro in Mission Viejo, CA
Brian Nguyen answered:
How does an underwriter treat a gap in taxable income?
They will likely ask for a letter of explanation to provide information as to why there is a gap. Other than that it shouldn't be too big of a deal. I suggest you speak with a lender li ... more
0 votes Share Flag Sun Feb 8, 2015 Financing in San Francisco
Bernedette, Home Buyer in Vero Beach, FL
Bernedette answered:
Which banks in the Bay Area offer doctors/physicians loans besides Wells Fargo?
Hi Graham,

You may want to contact Rae Drake with Fifth third Bank. I have referred her for the past 10 years to my buyers and she has always performed professionally. She put ... more
0 votes Share Flag Sun Feb 8, 2015 Financing in San Francisco
Robert Krop, Real Estate Pro in 21704
Robert Krop answered:
If a home buyer has a less-than-perfect credit score, how hard will it be for them to get a mortgage these days?
If your credit score is lower it can effect the likelihood of a mortgage. FHA can do as low as 580, but you will need to contact a local lender as they often have additional requiremen ... more
0 votes Share Flag Sun Feb 8, 2015 Financing in Russian Hill
Ted Rood, Real Estate Pro in 63146
Ted Rood answered:
Is the standard percent down still 20% for a home loan?
No need for 20% down. I write loans all over the country for qualified borrowers with as little as 5% down. FHA is a loan of last resort, I can even now use gift funds for the down pa ... more
0 votes Share Flag Sun Feb 8, 2015 Financing in San Francisco
Mitchell Lub…, Real Estate Pro in Los Angeles County, CA
Mitchell Lubinsky answered:
Currently have a loan @5.6% and am current, with a stelar credit rating; however, due to low income (fixed) a can not refi at a lower rate
You may qualify for HARP streamline refi, if your loan belongs to FNMA or Freddie Mac. This type of refi goes by stated income and stated assets. But it is barely available to independe ... more
0 votes Share Flag Sun Feb 8, 2015 Financing in 94114
Ted Rood, Real Estate Pro in 63146
Ted Rood answered:
Are there really mortgages at 4.5%?
Yeah, not sure who's writing loans at 5.25%, but that's ridiculously high. Best execution rates for conforming loans are now in the mid 4's. Each borrower's rate is based on a number ... more
0 votes Share Flag Sun Feb 8, 2015 Financing in 94114
Chris Goulart, Real Estate Pro in Brentwood, CA
Chris Goulart answered:
When is equity sharing a good idea?
The deals I run across in need of equity sharing typically involve rehab or construction/construction completion. Giving up a portion of your equity or profits is a good idea when you ... more
0 votes Share Flag Sun Feb 8, 2015 Financing in Mission
Terry Farnsw…, Real Estate Pro in Crystal Lake, IL
Terry Farnsworth answered:
How can Fannie Mae help a home buyer?
Fannie Mae has a program called HomePath - which sets less restrictive, "buyer-friendly" guidelines by which lenders must follow when lending money on a Fannie Mae-owned property. Your ... more
1 vote Share Flag Sun Feb 8, 2015 Financing in Mission
1 2 3 4 5 6 7 ...
Search Advice

Followers

1008
Email me when…

Learn more

Meet the Trulia VIPs
Daniel Cheng, Agent in Daly City, CA
Daniel Cheng
Agent
Daly City, CA
Todd Montgomery, Agent in San Francisco
Todd Montgomery
Agent
San Francisco
Rebecca Brooks, Broker in San Francisco
Rebecca Brooks
Broker
San Francisco
Hugh Groocock, Agent in San Francisco
Hugh Groocock
Agent
San Francisco
Home > California > San Francisco County > San Francisco > Financing in San Francisco
Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer