Financing in 95834 : Questions & Answers

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Kylee Roe, Real Estate Pro in Sacramento, CA
Kylee Roe answered:
I have really bad credit but a good rental payment history.
Your ability to obtain a loan will require good credit-score of 640 or so, and low enough debt to income ratio (showing your willingness and ability to repay the lender). Good rental pa ... more
0 votes Share Flag Tue Apr 16, 2013 Financing in Sacramento
Patrick &…, Real Estate Pro in Sacramento, CA
Patrick & Tina answered:
How do I find out if someone has bad credit, liens against their property etc.?
If you have never done it before, this is best left to your broker-----that's
why you have engaged their services.
You cannot legally check somebody's credit without authorization an ... more
0 votes Share Flag Sun Aug 4, 2013 Financing in Sacramento
Ted A Greene, Real Estate Pro in Sacramento, CA
Ted A Greene answered:
Do you have to be pre-qualified when starting the process of buying a home?
Yes you do. Most buyers agents will not show you houses until you get pre-approved and they know how much you can spend. I can refer you to someone who will pre-approve you. Call me at ... more
0 votes Share Flag Mon Apr 1, 2013 Financing in Sacramento
Linda Chu, Real Estate Pro in Millbrae, CA
Linda Chu answered:
How long does it take to be approved for a loan?
It depends on the lender. If they have a lot of files to underwrite than there will be delays.
0 votes Share Flag Sat May 18, 2013 Financing in Sacramento
Nancy Bergman, Real Estate Pro in San Diego, CA
Nancy Bergman answered:
Had a short sale 26 months ago. Looking into buying a condo in the Natomas area with 20% down. Is there any local lenders that will give a loan?
Yes, there are some lender that will loan people with 20% on a conventional loan after 2 years. Yet you need to pass each lender's criteria. Some are 24 months conventional, some are 3 ... more
0 votes Share Flag Sun May 19, 2013 Financing in 95835
Sue Archer R…, Real Estate Pro in Tampa, FL
Sue Archer Reynolds answered:
Are there still banks that do a home equity loan at 90% CLTV, in Northern, CA?
I would contact the lenders directly for that. Most loan brokers are focused on the refinance and purchase loan opportunities. While the best answer will come from a lender here, I thou ... more
0 votes Share Flag Sat Dec 1, 2012 Financing in 95833
Jeff Marr, Real Estate Pro in Folsom, CA
Jeff Marr answered:
What should a first-time home buyer do to secure the best interest rate possible on their loan?
Loan programs come in 2 basic flavors, government backed (VA, FHA or USDA) and conventional.

For government programs, the rates are rather static.....essentially, all who qualify get ... more
0 votes Share Flag Sat Nov 3, 2012 Financing in Sacramento
Sue Archer R…, Real Estate Pro in Tampa, FL
Sue Archer Reynolds answered:
how long after a short sale to get a loan if you became disabled and did a short sale?
The short sale is approved because of a hardship, no matter what the reason is. The restriction on when you can qualify for a new loan is based on the act of doing a short sale and agai ... more
0 votes Share Flag Sun Dec 1, 2013 Financing in 95818
Ute Ferdig -…, Real Estate Pro in Newcastle, CA
Ute Ferdig - Atty. Negotiator answered:
LOAN AFTER A SHORT SALE FOR A PURCHASE IN NJ Any knowledge regarding who will qualify us?
Depends on how long ago your short sale closed and whether you are going with conventional (20% down payment) or FHA financing. Waiting period is 2-3 years depending on your situation. ... more
0 votes Share Flag Sun Feb 2, 2014 Financing in 95818
Elizabeth We…, Real Estate Pro in Sacramento, CA
Elizabeth Weintraub answered:
I would like to know how long after a short sale do you have to wait for a mortgage? I had to do a short sale in'09 . It will be 3 yrs in Nov
If you plan to get an FHA loan, you should be able to qualify by this November.

Elizabeth Weintraub
Broker-Associate #00697006
Lyon Real Estate's #1 Short Sale Agent
0 votes Share Flag Sun Dec 1, 2013 Financing in 95818
Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
trying to find out who owns the note on our home, loan origiated as a Grenpoint loan, which was sold to CapitolOne , who sold to Countrywide....???
And we would know this, exactly how?

Aren't you getting a monthly statement;
which shows the Balance, and the Company where you send the money?

In the worst case senario, you are ... more
0 votes Share Flag Sat May 12, 2012 Financing in Sacramento
Elizabeth We…, Real Estate Pro in Sacramento, CA
Elizabeth Weintraub answered:
Loan after short sale
The major banks with standard overlays can't do a loan for at least 2 years after a short sale per Fannie Mae but there are other lenders who will. I also hear there have been exception ... more
0 votes Share Flag Sun Oct 26, 2014 Financing in 95818
Roswell Moore…, Real Estate Pro in Scottsdale, AZ
Roswell Moore, CMPS answered:
i need 3 months print out
Hi Berthaq1,

You need 3 months print out of what?
0 votes Share Flag Sat Apr 14, 2012 Financing in 95831
tim moore, Real Estate Pro in Nags Head, NC
tim moore answered:
I like the homepath homes better...what needs to be done to get a loan for it these days?
Pretty much the same as in those days, speak to a lender and get approved.
0 votes Share Flag Thu Apr 12, 2012 Financing in Sacramento
Mike Schubert, Real Estate Pro in Sacramento, CA
Mike Schubert answered:
Is a homepath loan a harder one to get approved by a lender?
HomePath financing is a little more expensive in terms of fees and interest rate. Typically you won't qualify for as much under HomePath as you would under FHA. HomePath could be an adv ... more
0 votes Share Flag Tue Apr 8, 2014 Financing in Sacramento
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
Short sale my home due to divorce a year ago, can I get financed?
For a personalized answer visit with any licensed loan officer; generally it can take 2 to 3 years...
0 votes Share Flag Sat Aug 17, 2013 Financing in Natomas Park
Teri Andrews…, Real Estate Pro in Auburn, CA
Teri Andrews-Murch answered:
Hi, my friends loan was non assumbale. We want to look more into a land trust. Where can i get help. What is the illinois TYPE land trust.?
Michael
Have you talked to a lender? some buyers have been able to get a loan 2yrs after short selling, but you need to sit down with someone and go over the details of your short sale ... more
0 votes Share Flag Mon Jan 30, 2012 Financing in Sacramento
Kylee Roe, Real Estate Pro in Sacramento, CA
Kylee Roe answered:
I am considering an Owner Mortgage Financing Program. Does a Program Acceptance Letter work the same as a Prequalification Letter to Realtors?
Be careful with this one Doglover! This program sounds like you are limited to Owner Financed homes only,not any home for sale on the market, and possibly only homes offered through th ... more
0 votes Share Flag Tue Jan 24, 2012 Financing in Sacramento
Teri Andrews…, Real Estate Pro in Auburn, CA
Teri Andrews-Murch answered:
I own a condo that has been paid off but also own a house that I owe 185 but it's worth 150k that my sister (on title) pays for everything.
Sit down with a mortgage lender and see what they say. You are not very upside down on the house, but depending on how the foreclosure and all your loans are set up it is difficult say ... more
0 votes Share Flag Thu Aug 15, 2013 Financing in 95831
Shane Milne, Real Estate Pro in Laguna Niguel, CA
Shane Milne answered:
Paid for a home in cash. I cannot cash out re-fi with all the lenders and credit unions I've spoken to without 6 months seasoning. Any?
Full details are in my Trulia blog entry in the web reference, excerpt is:

On June 28th, 2011 Fannie Mae announced a guideline change pertaining to taking cash out on properties purc ... more
0 votes Share Flag Tue Jan 31, 2012 Financing in Sacramento
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