Home Buying in Rio Rancho : Questions & Answers

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Steve Quinta…, Real Estate Pro in Albuquerque, NM
Steve Quintana answered:
How do you go about buying a new home when relocating from out of state without a new job?
1. Pay with cash.

2. Find a home offering owner financing.
1 vote Share Flag Wed Jul 9, 2014 Home Buying in Rio Rancho
Peter A Coch…, Real Estate Pro in Albuquerque, NM
Peter A Cochran answered:
Hello I am a first time home buyer and have a credit score of 720 and my fiance has a credit score of 530. Would we be approved for a mortgage?
Victoria, since you would apply together, his 530 credit score would be the bottleneck in you being approved for a loan. Unfortunately, there are many people like you and your fiance h ... more
0 votes Share Flag Fri Jun 13, 2014 Home Buying in Rio Rancho
Genevieve Mo…, Real Estate Pro in Albuquerque, NM
Genevieve Moya Cummings answered:
I am looking to purchase a home for under $190,000 but I am on a very fixed budget and can only afford $1,000 a month for mortgage any ideas or help?
Purchasing a home for under $190,000 with a mortgage payment of $1000 (+/-) is do-able! You can always affect the amount of monthly mortgage you pay by increasing your down payment. T ... more
0 votes Share Flag Fri Jun 6, 2014 Home Buying in Rio Rancho
drewlhc, Both Buyer and Seller in Rio Rancho, NM
drewlhc answered:
Rumor has it Intel will close up and drive down home values. Any truth?
Hi Christopher -
Staffing at Intel ebbs and flows quite a bit over the years. Many of the employees are contractors and have short/mid-term contracts. That causes the Intel rumor mill ... more
1 vote Share Flag Tue May 6, 2014 Home Buying in Rio Rancho
Leigh-Jo Anz…, Real Estate Pro in Albuquerque, NM
Leigh-Jo Anzures answered:
We own 4 lots in Unit 2. Would you be interested in listing them?
Hello,

I list and sell land in Rio Rancho. I take and enhance multiple photos of the actual lots location. I also create a 360 degree video of the area.

For a FREE land valuat ... more
0 votes Share Flag Wed Feb 5, 2014 Home Buying in Rio Rancho
Alex Correa, Real Estate Pro in Rio Rancho, NM
Alex Correa answered:
My Trans Union score is 597. Is there a lender that can still approve me? I want a house in Rio Rancho or Abq.
Hello, It's best to consider a local reputable & knowledgeable lender, a contact is Kim Kissane with Premier Choice Mortgage her number is (505)830-9685 .She can review at your credit ... more
0 votes Share Flag Mon Feb 3, 2014 Home Buying in Rio Rancho
Reuben Rodri…, Real Estate Pro in Rio Rancho, NM
Reuben Rodrigues answered:
What is the credit score i should be at to buy a home in rio rancho? Also what is the minimum credit score that would be ok to get a home?
I heard its over 600 at this point... but again the better the score the better the rate....Kim give me a call 228-9329 I am here in Rio rancho and I can get you to a couple of lender ... more
0 votes Share Flag Mon Jan 20, 2014 Home Buying in Rio Rancho
Josh Barnett, Real Estate Pro in Oklahoma City, OK
Josh Barnett answered:
how much would an estimated monthly payment for a 225,000 house?
What will the down payment be?

What will the term of the loan be?

What is your current credit score?
0 votes Share Flag Fri Dec 27, 2013 Home Buying in 87144
Patrick Will…, Real Estate Pro in Rio Rancho, NM
Patrick Willard answered:
Fannie Mae asked immediately for best and highest
I hate to tell you this but banks (and Fannie & Freddie) often seem to operate by the golden rule, they have all the gold so they get to make all the rules.
I would see if they'll kee ... more
1 vote Share Flag Sat Dec 14, 2013 Home Buying in 87144
Leigh-Jo Anz…, Real Estate Pro in Albuquerque, NM
Leigh-Jo Anzures answered:
Hello, I am comparing this area with the Vetena Ranch area. Can anyone tell me which is the older neighborhood and what would the major difference B?
Hello,

Which neighborhood in Rio Rancho are you interested in comparing to Ventana Ranch? In Rio Rancho, there are some brand new neighborhoods and areas that have been around for o ... more
0 votes Share Flag Sun Oct 20, 2013 Home Buying in Rio Rancho
Diana Costal…, Real Estate Pro in Rio Rancho, NM
Diana Costales answered:
Is there a block club or home owners association for the home address of the 1700 block of Black River Ct-NE, Rio Rancho NM 87144?
Hello There,

I am a broker and I live on that street. If you would like to ask more specific questions about that neighborhood, I am happy to speak with you.
Contact me at 505 363- ... more
0 votes Share Flag Sun Sep 29, 2013 Home Buying in Rio Rancho
Patrick Will…, Real Estate Pro in Rio Rancho, NM
Patrick Willard answered:
Can anyone tell be what the story is with polybutelene piping in Rio Rancho?
Joerattera,

I've heard of doing the replumb under ground and it is a ton more work and mess and costs a lot more. I too had concerns about running pipes in the ceiling because years ... more
0 votes Share Flag Sat Aug 24, 2013 Home Buying in Rio Rancho
Alex Greer, Real Estate Pro in California
Alex Greer answered:
Looking to buy in Rio Rancho from NY
We can certainly help you out. You can check us out at http://www.TheMortgageOutlet.com and give us a call. One of our loan officers will look at your situation and present you with som ... more
0 votes Share Flag Mon Aug 5, 2013 Home Buying in Rio Rancho
Leigh-Jo Anz…, Real Estate Pro in Albuquerque, NM
Leigh-Jo Anzures answered:
I am interested in 1053 Harrison Dr NE, wondering the status of this sale, also is there an HOA, if so what are the fees?
Hi Janet,

As you've seen below, the HOA for the home is $35 per month. According to the MLS, it covers the common area and front landscaping. The home is a short sale and has been ... more
0 votes Share Flag Wed Jul 17, 2013 Home Buying in Rio Rancho
Leigh-Jo Anz…, Real Estate Pro in Albuquerque, NM
Leigh-Jo Anzures answered:
Why are there so many houses for sale in the Rio Rancho Estates area?
Rio Rancho is the fastest growing city in the State. It passed Santa Fe. It's the third largest city in the state. So, its growth is partly why you may see a lot of homes on the mark ... more
0 votes Share Flag Fri May 24, 2013 Home Buying in Rio Rancho
Leigh-Jo Anz…, Real Estate Pro in Albuquerque, NM
Leigh-Jo Anzures answered:
Viet Nam Vet who nearly died in 2010 due to a deadly brain disease.Medical bills forced a Chap 7 in Dec 2011.We lost our home We want to buy a house.
Hello,

In most cases, it can take 2 years from the date of discharge on a bankruptcy before you can become eligible to buy a home again. You may have additional options, but it woul ... more
0 votes Share Flag Mon Mar 18, 2013 Home Buying in Rio Rancho
George Raymo…, Real Estate Pro in Chino Hills, CA
George Raymondo answered:
Has anyone had luck removing a "short sale" from a credit report? I watched a YouTube video that said it can be done. Thoughts?
It is possible to have ANYTHING removed from your credit report. The problem is...Is what you are trying to remove going to come back? I have seen credit companies come and go over the ... more
0 votes Share Flag Thu Feb 14, 2013 Home Buying in 87144
Leigh-Jo Anz…, Real Estate Pro in Albuquerque, NM
Leigh-Jo Anzures answered:
Trying to buy a short sale house
Hello,

It sounds like it is something your lender will make the loan contingent on. The problem you may face is, since the seller is facing a short sale situation, they may not have ... more
0 votes Share Flag Sun Feb 3, 2013 Home Buying in Rio Rancho
Art Miller, Real Estate Pro in Albuquerque, NM
Art Miller answered:
I found a foreclosure in Rio Rancho. The bank sold it back to themselves via auction. How can I try to secure buying this house.?
Hi Darlene,

David and Patrick provided a lot of good information but there is one other detail that could keep you waiting. About 90% of the foreclosures currently in Rio Rancho are ... more
0 votes Share Flag Sun Nov 25, 2012 Home Buying in Rio Rancho
Patrick Will…, Real Estate Pro in Rio Rancho, NM
Patrick Willard answered:
what would cause the price of a house previously reduced in price to then be increased in price?
This is an older question but since no local brokers answered I'll put my 2 cents in. It is most likely a short sale where the bank came back with a higher price and the buyer walked, o ... more
0 votes Share Flag Mon Sep 24, 2012 Home Buying in Rio Rancho
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