Financing in Roseville : Questions & Answers

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Rasem Allan, Real Estate Pro in 95678
Rasem Allan answered:
I recently purchased a home few months ago using a fha loan. I would like to know if I can refinance with a 203k?
Unless you have equity enough yopu can't refinance.
0 votes Share Flag Yesterday at 9:52pm Financing in 95678
Randall Ortiz, Real Estate Pro in Carmichael, CA
Randall Ortiz answered:
we are looking for private money to finance the purchase of a residential subdivision, would be interested in a good resource.
I have a few contacts that may be able to help you with this. You can contact me at 916-529-3707 if you still need help.
0 votes Share Flag Sun Nov 17, 2013 Financing in 95661
Jackson W St…, Real Estate Pro in Granite Bay, CA
Jackson W Stieb Jr answered:
Should I refinance my FHA loan now to get a lower APR?
If you refi you will pay interest longer saving 1% for 5-10-15 more years is not savings... if your loan payment is 1500 pay 2000 and pay that bad boy off. longer term vs less interest ... more
0 votes Share Flag Tue Sep 24, 2013 Financing in Roseville
Brian Nguyen, Real Estate Pro in Mission Viejo, CA
Brian Nguyen answered:
We would like to sell or current home and have 50% equity but had a Chapter 7 discharged over 3 years ago is our only option FHA again?
For FHA and VA loans you must wait two years from the date your Chapter 7 is discharged. You can also get an FHA loan during a Chapter 13 bankruptcy as long as you have made 12 months o ... more
0 votes Share Flag Wed Aug 14, 2013 Financing in 95747
Sheryl Arndt, Real Estate Pro in California
Sheryl Arndt answered:
Is it possible to buy a 6-plex as owner occupied. That is, live in one unit , and rent out the other 5.
Of course it is although your speaking of a commercial loan. You may qualify for FHA half percent down payment program for single family and duplex and from 3.5% down up to a fourplex. ... more
0 votes Share Flag Mon Jul 22, 2013 Financing in Roseville
Eddie Martini, Real Estate Pro in Auburn, CA
Eddie Martini answered:
Will low debt-to-income ratios help to qualify if the other requirements for a mortgage are not stellar?
Help, YES, OVER COME probably not. Good income to debt ratios are a key factor to getting a loan approved but credit profile and down payment are equally as important and all pieces tot ... more
0 votes Share Flag Sun Jul 21, 2013 Financing in Roseville
Greg Cowart, Real Estate Pro in Roseville, CA
Greg Cowart answered:
Is the owner's title policy an allowable VA fee?
Yes, the buyer/veteran is allowed to pay the owner's title policy.

With today's ultra low rates, one way we are helping VA buyers get their offer accepted in this day of low invento ... more
0 votes Share Flag Wed Nov 21, 2012 Financing in Roseville
Sheryl Arndt, Real Estate Pro in California
Sheryl Arndt answered:
What's the current minimum down payment for homes in the Sacramento area, given good credit/30 yr fixed mort. loan? Thanks, Richard
Minimum down payment is .5% FHA (half percent down) with a minimum 580 fico and then 3% conventional with a minimum 700 fico, then 3.5% down FHA with a minimum 580 fico, then 5% down co ... more
1 vote Share Flag Tue Nov 20, 2012 Financing in Roseville
Teri Andrews…, Real Estate Pro in Auburn, CA
Teri Andrews-Murch answered:
Property has good paying tenant. How easy it to obtain a $1.2M commercial property with 20% down?
Commercial property financing is very different from residential. The lender will evaluate the type of building and business ( is it industrial, retail, medical, that sort of thing) ho ... more
0 votes Share Flag Sun Apr 15, 2012 Financing in Roseville
Robert Chome…, Real Estate Pro in San Diego, CA
Robert Chomentowski 858-922-7899 answered:
score over 700. Property Value $135K Asking 99K approved for 80K wanting to get 2nd mortgage at same time as first for 19k.
Second mortgages over 80% LTV went away at the beginning of the housing bust on Jan 1 2008. Best chance for lower down is a 3% down conventional loan or a 3.5% down FHA loan.
0 votes Share Flag Sun Mar 11, 2012 Financing in Roseville
Monir Mamoun, Real Estate Pro in Morristown, NJ
Monir Mamoun answered:
Financing options: I have an option to finance with 0 points with a higher interest rate OR pay points and
IRS form 530 gives information on the tax deductibility of points. It changes a bit every year. Link below. Good luck! And if you could use a referral for an excellent agent in Sacramen ... more
0 votes Share Flag Sun Oct 3, 2010 Financing in Roseville
Shelly Ann G…, Real Estate Pro in Pembroke Pines, FL
Shelly Ann Grant answered:
can i get a loan with bad credit??
yes you can, 580 credit score. fha financing 3.5% down. 96.5% financed. contact me at shellyg@bayburg.com will assist you with your loan!!

and we also do refinances! with bad credit ... more
0 votes Share Flag Sun May 9, 2010 Financing in Roseville
Hannah, Real Estate Pro in Corte Madera, CA
Hannah answered:
My wife and I own a 2700 Sq Ft Ranch home on 2.75 acres, built in 2007. Current appraisal at $630K. My lender cannot convert my construction loan and
Hi Timm,

Why hard money? Hard money is expensive. Why not a private mortgage at 5% or 6% A CD is paying less than 1%. Why not approach a private money lender and offer them colla ... more
0 votes Share Flag Mon Jan 4, 2010 Financing in Roseville
Michele L Wa…, Real Estate Pro in Roseville, CA
Michele L Walker answered:
are there any down payment assisiance programs available?
Yes Angela, I just recently became introduced to an organization that helps low to moderate income families to purchase a home. No down payment is required, low interest and I have be ... more
0 votes Share Flag Fri Dec 25, 2009 Financing in Roseville
Jeff Marr, Real Estate Pro in Folsom, CA
Jeff Marr answered:
We are selling a home, & purchasing a newly built home. Re: local custom are we to pay all closing costs?
Vienne - you state your agent is estimating $19k in closing costs on the home you're selling, I'm assuming this amount doesn't include the realtors commissions you'r ... more
0 votes Share Flag Wed Sep 30, 2009 Financing in 95747
Hannah, Real Estate Pro in Corte Madera, CA
Hannah answered:
need money to purchase home. Chapter 7 discharged in Oct 08. Looking for 200K.
Hi Wayne,

I like Joshua's answers. In fact I wrote an e-book about this very topic and would be happy to email you a FREE copy if you think this might help you out. You can al ... more
0 votes Share Flag Fri Aug 21, 2009 Financing in Roseville
Anna Boyd Re…, Real Estate Pro in El Dorado Hills, CA
Anna Boyd Re/Max answered:
is new construction 'just built' or can it be sitting for a bit waiting for the first buyer?
What's nice about the $10,000 Calif tax credit is that you don't have to be a first time home buyer, just
has to be your principal residence.
0 votes Share Flag Wed Jun 10, 2009 Financing in Roseville
Peter Curtis, Real Estate Pro in 95747
Peter Curtis answered:
We just completed a BK in Nov of 2008 what are our options to purchase a home
I have a client who owns a credit repair company in Loomis Ca and they can get almost anything off your credit using the Fair Credit Reporting Act and other laws. They have been doing i ... more
0 votes Share Flag Tue Apr 14, 2009 Financing in Roseville
Jim Walker, Real Estate Pro in Carmichael, CA
Jim Walker answered:
I am looking to make a second home purchase in the Sacramento/ Roseville area. Will it be easier to qualify?
The answer is definitely either Yes. Unless the answer is definitely : "No, its harder!"

So much depends. Have your circumstances changed any since April 2008? Is your income signif ... more
0 votes Share Flag Mon Jan 26, 2009 Financing in 95678
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