You could possibly get a loan from Wells Fargo. I know my own lender has a loan for you so long as you have a US Passport & of course, can prove your income.
I also may have a condo coming on the market soon in Downtown Long Beach, it will be a 1b 1ba in a good building, short walk or bike ride to the shops/restaurants on Pine Ave & down to Shoreline Village.
Shoot me an email directly to talk about this further, I don't look back on this same Trulia posting for answers after mine.
Emily S. Knell
Realtor Since 1996
Realty ONE Group
Short Sale Listing Agent w/ 97% success rate
100% Success Rate in CA
Closing short sales within 300mi of my home!... more
You will need to talk to a lender about this. I believe most lenders will require a 580 or higher credit score and it will also depend on how long ago the BK occurred. In any case they will be able to counsel you on how to improve your credit score at the same time. If you need some good lender referrals, please contact me at 714-343-9470.... more
Ask your lender how they handle it, I would complete the application over the phone, ship the application to her overnight and give her a list of the documents she needs to send back with the signed application. Similar process on closing, but it is really up to your lender how they want to handle it.... more
No definite answer. I'd start with what the builder's lender offers. Sometime they have a builder contribution that others can't match. If they will lock a currently competitive rate for 6 months it could be a great choice.
If the builder's lender doesn't have anything special, you may be able to do well with either a broker or direct lender.... more
Contact Eli Weinberger at Bank of America, 310-927-2467 or email@example.com. He has helped several of my clients on their loans (including refinancing) for their investment properties and always does a great job. Tell him I sent you, he'll take great care of you!
Please feel free to contact me if you have any further questions or need any help with your properties.
Keller Williams Realty
When I need a hard money source I use Sam Arrietta In Corona. He has a great source of investors willing to capitalize quality projects no matter what the size. His Number is 951-278-1000
I hope that this helps.
Frank Spencer... more
You only debt may only be your student loans HOWEVER what is the total amount due? Do you have other credit, you may not have truly any credit your scores could be low.
Direct lenders are great choices for buyers as they are able to close transactions faster and with less hassle then a traditional lender with a large company. Direct lenders are often able to charge a lower fee then a traditional mortgage broker.... more
Good question, Laurie! You and I both know that Zillow's Zestimates are often way off base and should not be used in the valuation of a property. In some cases, the valuation is way too high, because overvalued comps are used, and in some cases they are far too low because home improvements, home location and other key factors are not considered. If I were to parachute into a city intending to make a real estate purchase, I would consult with a knowledgeable Realtor such as you, rather than rely on any computer-generated zestimate.... more
I have found that a sure fire way to get referrals comes from being SPECIFIC about what you want. I ask Realtors what a good prospect would be for them. Marketing consultants call this your Unique Selling Proposition. I call this directed referral requests. In short, tell me to whom you want to be referred. I hate to say it like this but we really do put people in little boxes in our minds.... more
The best deal on a mortgage can be found by interviewing lenders to see who you are the best fit with. Direct lenders often have access to loan programs that are backed at the State and Federal levels so you can take advantage of assistnace programs. It is important to know the differences between pre-approval and pre-qualification. I helped one client save $9,000 on their closing costs just by speaking with the lender. When that occurs, it is usually a good idea to switch lenders!... more
Good lenders are also accompanied by good loan officers. The good lenders in this area are American Home Mortgage, Metrocities Mortgage, and Bank of America. Each one offers something different but all o fthem offer special First Time Buyer programs.... more