ceasar.lomeli

"Mortgage Professional"

I'm a:	Just Looking
Location:	Portland
Phone:	(503) 810-5248

4 Answers
1 First Answer
1 Useful Answer

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About Me

Mortgage Originator.
Expert on Remodel loans, FHA, First Time Homebuyers.
Approved with Washington State, Oregon and Hawaii.

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ceasar.lomeli's Questions (0)

ceasar.lomeli's Answers (4)

WHAT IS THE ESTIMATED TIME OF CONSTRUCTION COMPLETION??????

Asked Thu Nov 6 2008, 13:50 by Aline - Rodeo - Home Buying - 1 answer

ceasar.lomeli answered:

If I am reading correctly and your queston is on a remodeled structure but not yet completed, then you need to consult financing with either 230K FHA financing or Conventional Remodel loan.
If your question is on new Construction, then FNMA's guidelines is 9 months. - Thu Nov 6 2008, 14:03

I just moved to Portland and have been working for only 3 months here. I want to possibly buy something.

Asked Sat May 31 2008, 17:53 by Dyane - Portland - Home Buying - 20 answers

ceasar.lomeli answered:

Happy Friday !

First paragraph's comments from previous Realtor, apply to me.
I am that Lender who can walk you thru the process of Mortgage options.

Certified and active member to teach First time Homebuyer Class.

Waiting for your call,
-Ceasar Lomeli
HomeStreet Bank
NW Portland Branch - Fri Aug 29 2008, 12:45

Dyane,
Oegon Bond Loan program at 6.0% 30 year fixed rate, for first time homebuyers who qualify within 100% of median income is my Industry specialty.

If you are considering purchasing in the Portland area, you may also qualify for Mortgage Credit Certificate program, where you'll be able to deduct on personal tax returns dollar for dollar of 80.0% of mortgage interests paid on your new mortgage.

I've also helped many first time homebuyers purchase with our Home remodel streamline 203K program.

I am ready to expand on any mortgage options.

-Ceasar - Wed Aug 13 2008, 14:39

Is it a good idea to buy a house and rent it out as an investment?

Asked Sun Aug 10 2008, 23:07 by Moe - Hillsboro - Home Buying - 13 answers

ceasar.lomeli answered:

Talk to a Lender first, if considering putting your current home up for rent and purchasing new home as your primary residence.

New requirements became effective as of 08/01/08

Be glad to explain.

-Ceasar Lomeli
HomeStreet Bank
503-227-0898 - Fri Aug 15 2008, 13:07

What do you do, concerning your loan, when you rent your condo out as an investment property after living?

Asked Wed Jul 23 2008, 08:13 by Cookie - Chicago - Financing - 7 answers

ceasar.lomeli answered:

Your decision to rent unit may prevent next buyer in complex to quality for a loan.
Most lenders do require minimum % owner occupied units in complex.

Should you let your HOA know of your decsion?
Food for thought.

-C - Wed Jul 23 2008, 12:54

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