Financing in El Cajon : Questions & Answers

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Mark & K…, Real Estate Pro in San Diego, CA
Mark & Kari Shea answered:
Home construction loans
Yes there are, we work in land and new construction for clients as well as traditional listings.

Here is the name of who I would call.

Mark Maughan, MRED
Construction Loan / Lot ... more
0 votes Share Flag Mon Feb 18, 2013 Financing in 92021
Fred Glick, Real Estate Pro in Los Angeles County, CA
Fred Glick answered:
Does anyone know if there no down payment loans available in buying a home? With fico scores of 650.
Not with that score, sorry.

No down payments are only available for VA or USDA loans.

You'll need to be eligible for one of those. if not, you'll have to go FHA with 3.5% down.
... more
0 votes Share Flag Mon Jan 21, 2013 Financing in 92020
Valli Lopez, Real Estate Pro in 92021
Valli Lopez answered:
Okay...Im selling my house for $225,000 and I'm wanting to buy a house that cost $350,000 My credit score is only 609 but I have 200,000 down payment.
Hello,

That down payment is helpful, but not necessary. We can do the loan, conventional with only 20% down if you'd like to keep the money in your account in case you need it for s ... more
0 votes Share Flag Sat Sep 29, 2012 Financing in 92020
Jerry Heard, Real Estate Pro in San Diego County, CA
Jerry Heard answered:
hi, I have a credit score of around 570, my wife is around a 620 last we checked a few months ago when we got our car. Could weget fha loan in Cali.?
It is best to talk to a direct lender about this. There are some that I work with on a regular basis who can help you. try this link http://www.thesandiegopropertyshop.com/3/W0000019683 ... more
0 votes Share Flag Tue Jun 12, 2012 Financing in El Cajon
Valli Lopez, Real Estate Pro in 92021
Valli Lopez answered:
I want buy a house cost $250000 and I can pay $50000 downpayment. how much should my income to be qualified for a $200000 mortgage?
Hi Simon,
There are a lot of unknown variables but I will just give you a straight answer assuming you have no debts and are a credit qualified buyer.

The minimum monthly income you ... more
0 votes Share Flag Wed Sep 3, 2014 Financing in 92020
Shane Milne, Real Estate Pro in Laguna Niguel, CA
Shane Milne answered:
Is it possible for a buyer to get a loan on a manufactured home in a park with a land lease?
Amanda, check out these lenders, what you are likely looking for is called "chattel lending" because it's only for the home itself. If they have a long term land lease t ... more
0 votes Share Flag Tue May 22, 2012 Financing in 92021
Al Akerman, Real Estate Pro in New Jersey
Al Akerman answered:
I purchased a 3 bedroom, 1 bathroom condo a year ago. My current mortgage loan rate is a 30 year fixed @ 6%. Should I refinance?
You can go lower, but without knowing your loan amount it will be hard to advise.

Also it would depend on if you currently have a conventional or FHA loan, the value of your home a ... more
0 votes Share Flag Thu Aug 15, 2013 Financing in 92020
Cindi Hagley, Real Estate Pro in San Ramon, CA
Cindi Hagley answered:
If I owned a mobile home on a rented space in a mobile home park, can I still qualify for the $8,000 tax credit? I am selling it and buying a SF home.
I don't believe so. A mobile home is considered personal property...not real property aka real estate.
0 votes Share Flag Tue Nov 10, 2009 Financing in El Cajon
Jana Lee, Real Estate Pro in Burlingame, CA
Jana Lee answered:
I wouls like to purchase a home but, my acore is 632, will I qualify?
Alfred,
The best advice is to consult your loan agent or lender to see how your score is affecting your purchasing power and/or if there is a government program that helps you if you a ... more
0 votes Share Flag Mon Oct 14, 2013 Financing in 92019
Kyle, Real Estate Pro in Scottsdale, AZ
Kyle answered:
can i get a home loan with a 610 credit score but i do have deliquencies on my credit report that i am?
We can do FHA loans with at least a 600 FICO. I would need to see a credit report and actually run it through the automated approval engine however to be sure however.

Feel free to ... more
0 votes Share Flag Mon Oct 14, 2013 Financing in 92019
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