Financing in Modesto : Questions & Answers

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Sheryl Arndt, Real Estate Pro in California
Sheryl Arndt answered:
Does a home owner have to purchase mortgage insurance?
You may qualify for conventional 5% down payment with NO Mortgage insurance (Lender paid MI) from a minimum 620 fico score or you have to have 20% down to avoid MI. It only takes a few ... more
0 votes Share Flag Tue Jul 22, 2014 Financing in 95350
Sheryl Arndt, Real Estate Pro in California
Sheryl Arndt answered:
Down Payment Assistance Program
Hello Yesenia, Yes there are down payment assistance programs to assist you with your purchase. There are no strings attached. You simply have an FHA loan program that is 3.5% down but ... more
0 votes Share Flag Thu Jan 17, 2013 Financing in 95356
Trevor Curran, Real Estate Pro in Bronx, NY
Trevor Curran answered:
self employed for 1 yr earnings so far 137k have 50k for down paymt have fair credit and no bills. can I get financing?
Good morning James,

Typically to qualify for mortgage financing we want to see a minimum of 2 years Self-Employed income and prefer 3 years. Your Mortgage Banker will average your n ... more
0 votes Share Flag Thu Sep 27, 2012 Financing in 95355
Roswell Moore…, Real Estate Pro in Scottsdale, AZ
Roswell Moore, CMPS answered:
I Need help with buying out second mortgage.
Tom - based on the numbers, the CLTV may be too high for Brian to get a second mortgage.
0 votes Share Flag Thu Nov 11, 2010 Financing in Modesto
Jonathan Bla…, Real Estate Pro in East Atlanta, Atlanta,...
Jonathan Blackwell answered:
HomeStyle Renovation loan questions: 1. is this loan still available? 2. if so, what lenders in California [preferably Modesto] offer it?
The Homestyle is still available. It's cheaper than the 203K and more flexible than the Homepath.
0 votes Share Flag Thu Aug 12, 2010 Financing in Modesto
So Cal Homes…, Real Estate Pro in Hemet, CA
So Cal Homes 951-821-8211 answered:
What kind of paperwork is the most important for buyers to be prepared when they meet with a lender to get pre approved to buy a home?
Hi Lura
2 years tax returns
2 years w-2's
a couple pay stubs
2 months bank statements showing down and closing money
and if that doesnt work
your first born
your right ... more
0 votes Share Flag Tue Feb 16, 2010 Financing in Modesto
Almond Farmer, Home Buyer in Modesto, CA
Almond Farmer answered:
Why if I am separated why am I being told that I have to list my husband's debt to purchase home alone?
I have included the HUD handbook guidelines that were emailed to me as I ran across this myself. If you need more info, call Summit Mortgage Corporation. They just did my loan and tho ... more
1 vote Share Flag Sat Jun 13, 2009 Financing in Modesto
Ben Balsbaugh, Real Estate Pro in Modesto, CA
Ben Balsbaugh answered:
Is Access Capitol Group Inc. based in Arizona a reputable mortgage company?
I am not familiar with this company, but I would be leery of any offer made through an internet company. The close ratio from internet lending institutions is not good.
You as a seller ... more
0 votes Share Flag Tue Jun 9, 2009 Financing in 95354
Will, Real Estate Pro in Atlanta, GA
Will answered:
if i bought one of these fannie maes home that was qalified for a homepath renovation mortgage but i bought
Unfortunately not. You would need to utilize the program to purchase the home.

Will Addo is a Renovation Specialist with Wells Fargo Home Mortgage. We finance 1 in every 4 home in ... more
0 votes Share Flag Sun May 24, 2009 Financing in Modesto
Hannah, Real Estate Pro in Corte Madera, CA
Hannah answered:
How do I find the best deal on a mortgage?
Dear Halley,

I hope you find my answer helpful. You will want to first decide how much house can you afford. This is best done with a budget. Can you afford a mortgage payment of $ ... more
0 votes Share Flag Thu Mar 26, 2009 Financing in Modesto
Brian Demello, Home Buyer in 95355
Brian Demello answered:
If a friend of mine bought a house all cash and now want to sell it to me for the exact price he paid can I
The House appraised for 420,000 2 weeks ago and he bought it for 410,000 and is willing to sell it to me for 410,000. If there is no profit involved, Is this considered a flip??
0 votes Share Flag Thu Mar 26, 2009 Financing in Modesto
Jesse Madison…, Real Estate Pro in Laguna Niguel, CA
Jesse Madison 949-306-8416 answered:
we just bought 30yr fixed at 6.5. could we refi at lower rate?
Rates are very good now and as long as you have good credit and equity you should be able to take advantage of the current situation. Its worth a call. Let me know if you need me to ref ... more
0 votes Share Flag Thu Dec 11, 2008 Financing in 95356
John Brasil,…, Real Estate Pro in Modesto, CA
John Brasil, Broker answered:
Who are good lenders in this area?
I highly reccomend Karyn Watson with Wells Fargo Bank: 209-604-0235 or Sonny Nguyen with Century 21 Mortgage (PHH): 209-534-7211.
0 votes Share Flag Thu May 24, 2007 Financing in Modesto
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