Hi lilyrenee1027, If you need helping finding a rental in Lake Elsinore, I am more than happy to assist you. Please feel free to contact me at 949-306-2324 so we can discuss your needs in more detail. I look forward to speaking with you. Thanks
-Jennyfer Coates... more
Your chances are not good. What you are searching for will rent for between $1900 to $2200 per month in Lake Elsinore. At $1200 per month you will be looking at an older home with a maximum of 1500 square feet - likely with 3 bedrooms.
I'd be happy to work up a complete market snapshot of this area or an area in the region for informational purposes.... more
Property taxes are based on purchase price and potentially some added allowable increases. Since you didn't cite a particular property it's hard to comment more, but if you are looking at a property that has very high taxes it was probably purchase when the market was higher.... more
A Realtor cannot legally tell you the best area for the questions you have. I suggest checking with the Police department for crime rate. You may find the information online. As for the schools, you can check scores and other aspects of schools being better than others either with the school districts or online. Usually the newer areas and newer schools are more desirable but then usually, the taxes are higher too. When you start working with a good Realtor like myself, they will help you to find the best areas for your family. If you buy now, you can take advantage of the low prices and incredibly low interest rates. There are some low down payment programs if you are using FHA financing.... more
Eileen, most newer communities will have mello-roos and/or special assessments.
I have only seen a few new communities that do not, however , you pay a little bit more for the home.
You see, Mello-Roos are developer fees passed on to the homeowners for infrastructure and maintenance costs.
Mello-Roos will stay on the property for between 10-50 years , the most common is 30 years.
If the overall monthly cost of owning in a new community fits your budget, then go for it!
Also be aware of HOA fees in certain communities.
If you want to avoid higher tax rates, then search homes pre-1995.
Riverside Mello Roos... more
Hello Veronica, there are options. What number of bedrooms are you approved for?
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
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If my response was helpful, consider clicking thumbs up or Best Answer!... more
Parking space fee's - No, however the land lease/space rent is $575.00. If you would like to view this property, just give me a call or shoot me an email, I will be happy to assist you.
I would suggest you try the regular rental sites:
http://www.trulia.com (Rentals Section)
http://www.zillow.com (Rentals Section)
http://www.realtor.com (Rentals Section)
Between all of those, you will get a very clear picture if you can find what you are looking for. Good luck!... more
If you are unsure if the information that you are getting from your loan office is correct, you have the right to get a second opinion. You can seek the consult from any reputable loan professional.
With that said, I'm not sure I have enough information to offer much insight on the subject. A lot has to do with the type of loan your seeking and if you qualify without your husband on the loan. Seems strange that in one household you have one spouse trying to finance the purchase of one home while the other is doing a loan modification on another home. But without all the facts, I can't say one way or another if that precludes you from what you are trying to do.
If the house has structural issues, it will be very difficult to get a loan. If the structure is fine, but the damage can be corrected to living standard with certain light construction, and if you qualify for an FHA insured loan, you may want to look into an FHA 203(K) construction loan. It's designed to allow you to purchase a property that is not up to FHA standards by getting a loan that pays for the repairs and then gets wrapped into the final purchase money loan. Of course, the property will need to be purchased far enough below market value to have room for the loan.
Talk to your loan officer about that and see what he/she has to say, since he/she should have all the details about your situation, he/she can explain how it may (or may not) apply for you.
Good luck.... more
Good areas are Temecula, Murrieta, maybe Winchester. In today's market most properties are listed for what they will sell for - if they don't end up selling for more than list price due to a shortage of properties for sale relative to the number of buyers in the market. If you would like me to set you up in the MLS to receive properties as they become available, please email me at Shanna@RealtyBySR.com
There are federal housing real estate appraisal guidelines that require the lenders to lend based on a value derived from an appraisal report NOT older than 6 months.
Based on the current financial industry mess, if any lender tells you "yes, you can", then run!
If you stay, your refinance will be very costly.
The alternative option is to find a lender where it is willing to consider an affidavit from the non-occupant co-borrower stating he/she is NOT making payments on your loan....AND an affidavit from you stating you are making 100% payments on the current loan.
Ultimately, approval will be dependent on the co-borrower's verifiable income to support both loans.
Be wary of any lender that requires "upfront" fees to review your refinance /and/ co-borrower new mortgage loan request. Because the lender will have to pull some strings an/or call upon some favors to make this work for you and the co-borrower. So you want to make sure it is do-able before paying any fees.... more
Absolutely not. Lake Elsinore has good areas and bad areas, just like any other city. The reputation for gangs proliferated in the 80's, but the city increased the police presence and the gangs have gone away.
Lakeland Village is unincorporated - that means that it is not Lake Elsinore, despite the postal address. They have much higher crime rates, sex offenders, gangs, unemployment, and problems.
Take a drive through the areas that you are interested in. Notice how there is very little graffiti in Lake Elsinore. They contract their police services though the Sheriff, so the police service is the exact same as in Temecula. Areas that are a premium are homes built on the north end of the lake starting in the late 80's. Canyon Hills, Tuscany Hills, Canyon Estates, Summerly, and Rosetta Canyon are all beautiful neighborhoods with incredibly low price points (although that is changing quickly).... more
I don't show that house is for sale still. It looks like it's a sold sale.
I looked at a few others that are somewhat similar nearby for you:
33220 Jamieson $155k
32573 Lakeview $189k
33122 Sangston $180k
33480 Adelfa $199k
15058 Franquette $199k
I noticed Conard is zoned for horses and none of those are. Is that what you need in a house?