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Fresno : Real Estate Advice

  • All403
  • Local Info27
  • Home Buying153
  • Home Selling23
  • Market Conditions7

Activity 437
Sat Jul 15, 2017
Reaperof70souls answered:
You're credit score will only determine your interest rate. What will determine if you receive a home loan is the longevity of your credit history. The amount of your income and the amount of equity in the home you're trying to purchase. ... more
0 votes 7 answers Share Flag
Tue Jun 27, 2017
Ron Thomas answered:
If you are trying to buy a house with a LOAN, you will need every bit of documentation that you can find;

The Lender, in particular, needs to know that you have a steady income and a good history of paying your bills: It gets harder when your HISTORY is not in the U.S. or when you get paid in CASH and do not have a paper-trail for savings and bill-paying.

Good luck and may God bless
... more
0 votes 2 answers Share Flag
Sat Jun 24, 2017
Randall Ortiz answered:
For California only, we work with ITIN loans. In order to get an ITIN loan, you will need at least 20% down, two years tax returns, 60 days bank statements, 30 days paystubs, ITIN documentation, drivers license and we will also run your credit. We only operate in California. ... more
0 votes 2 answers Share Flag
Sat Jun 24, 2017
Randall Ortiz answered:
For California only, we work with ITIN loans. In order to get an ITIN loan, you will need at least 20% down, two years tax returns, 60 days bank statements, 30 days paystubs, ITIN documentation, drivers license and we will also run your credit. We only operate in California. ... more
0 votes 2 answers Share Flag
Sat Apr 22, 2017
Kieran Donahue answered:
I lived in Fresno 30 years out of my 42 years alive. There has always been more crime in the area then others. The criminals would literally come across town to break into garages and cars in the wealthier parts of town. At one time I read a statistic that you had a 1 in 30 chance of having your car stolen in Fresno. I had mine stolen 3 times in a few years. There was nothing special about the car other than I was in the wrong place at the wrong time. Generally the northern parts of Fresno are wealthier with less crime. The south can be pretty rough and really rough if you pick the right spot. Fresno has a unique variety of cultures and some of these cultures are stuck in poverty. It creates a situation where extremely poor people are living in areas where they would not normally be able to afford. Example: the area near Fresno state can be very bad. The apartments near there are run down and house people that just don't have much money. Drive around the neighborhood at night and pay attention to weirdos walking around. Generally if there are a bunch of people walking around at night you probably want to avoid that area. ... more
0 votes 4 answers Share Flag
Tue Apr 18, 2017
Heidi Saunier asked:
Sun Mar 26, 2017
Priscillaabrahams asked:
How far are hospitals from the property?
0 votes 0 Answers Share Flag
Sat Mar 25, 2017
Omar.erekat answered:
I am actually the same person posting the question. I just want to add that I am under escrow for this house. The title company found out that the house has two different street numbers in the county records. The seller said that they sorted this out with the county and changed the numbers on the hose to reflect the correct address. However, I recently discovered online listings for the same house under both of the street numbers (basically two different addresses). I am really worried at this point and the seller is giving me any further information especially that I removed the contingencies. Any ideas? should I be worried? should I just close the deals or should I get a real estate attorney? your help is greatly appreciated. ... more
1 vote 1 answer Share Flag
Sat Mar 25, 2017
Speakupcd22 asked:
Wed Mar 8, 2017
Vanglydia9 asked:
Worried =( Loan officer seems to be taking his time, escrow officer keeps telling me they are waiting for the lender to review docs & conditions.
0 votes 0 Answers Share Flag
Fri Feb 17, 2017
James92468 answered:
I live in a Bonadelle neighborhood. All the roofs are leaking due to improper installation. I have over 30 years in the trades. I have successfully redesigned and rebuilt the roof around all the W valley flashing. Apparently they do not have a clue, common sense, and do pour water down the flashing to make sure it flows where it is supposed to. Instead they block the flow of this roof valley flashing by laying tiles directly on the flashing. This causes water that is trying to flow down the flashing to migrate laterally, which is a bad thing. The water hits these obstructions (tiles) and redirects onto the paper, tile bats, osb plywood, and into the eves, filling them with water, then it fills the walls of the house. This is evident by the massive leaks inside the house and the wet spots on the stucco coming from inside the wall. This problem would have been minimized if they ran the paper over the facia, used drip edge, and used the valley supports that elevate the tile 1/2' above the w valley flashing. This company is completely incompetent and should not be allowed to build picnic tables, let alone homes. The roof tiles are not even available in the states, they are ONLY AVAILABLE OVERSEAS. Want to replace some broken tiles? Good luck. I did find a place in San Jose that considers them vintage and has a few. I remember the old man back in the day and he had a good reputation. Then he allowed his kid to come in and run the show. He is a greedy bean counter that cares about a fraction of a cent more profit, and at the expense of the homeowner. The trusses over the garage arent even the right size and hang over the wall by 4 inches. Oh, they came out and added plywood and painted them and that is great. What about the load transfer from the freeze blocks to the top of the wall? Non existent. This company is a disgrace to the trades. ... more
0 votes 19 answers Share Flag
Mon Feb 13, 2017
Karen Peyton answered:
You haven't asked a question...
The lender doesn't care who owns the house if they are not paid. They retain the right to foreclose even if your mother gave the house to you.
Contact an attorney to find out how the trustees sale will affect you, and/or if you want to keep the house, showing them all the paperwork received by your mother to date.
You can also inquire of the option to short sale with a local agent.

Good luck!
... more
1 vote 1 answer Share Flag
Mon Jan 30, 2017
1kevincarrera asked:
Sat Jan 28, 2017
Sheryl Arndt answered:
Hello Arnold, what were the issues they had? Not all banks are the same as many have their own guidelines and overlays. There are many banks that would look at the file differently. Feel free to reach out and go over your file to put together a game plan. We are a brokerage that has 25 banks to all scenarios as well as your scenario...

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA/CalVet Loan Specialist
REO and Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
... more
0 votes 1 answer Share Flag
Sun Jan 8, 2017
Sheryl Arndt answered:
These links may assist you with crime statistics:
http://www.crimemapping.com
http://www.crimereports.com
http://www.everyblock.com/
http://www.localcrimenews.com
http://www.mylocalcrime.com
http://www.spotcrime.com/ca
http://www.meganslaw.ca.gov
http://www.neighborhoodscout.com/
http://www.homefair.com/
Theses links should have the answers to any questions you may have on schools:
http://www.greatschools.org/
http://Www.schoolfinder.ca.gov
http://Www.education.com
http://Www.schooldistrictfinder.com
http://Www.schooldigger.com
http://www.sarconline.org/

You will need to be pre-approved to be able to meet an agent to view and submit offers on homes of your choice. You will need to gather one month paystubs, two month bank statements, last two year tax returns including 1040s, 1099s, W2s and all schedules and copies of your drivers license or ID and social security cards for each applicant.

Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the down payment and closing costs. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down up to 417k. You may consider 3% down conventional from a minimum 620 fico score or even 5% down conventional with NO Mortgage insurance (Lender paid MI) up to 417k.

You could consider a down payment assistance program such as CalHFA or Sapphire Grant which can cover your down payment and closing costs. You may close with minimal out of pocket expenses. You may consider the CalHFA from a minimum 640 fico score and the Sapphire Grant from a minimum 620 fico score up to 417k.

You will need to be pre-approved to be able to meet an agent to view and submit offers on homes of your choice. You will need to gather one month paystubs, two month bank statements, last two year tax returns including 1040s, 1099s, W2s and all schedules and copies of your drivers license or ID and social security cards for each applicant.

If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve any agent can email listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA/CalVet Loan Specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
... more
0 votes 3 answers Share Flag
Sun Jan 8, 2017
Sheryl Arndt answered:
Hello Natanya, you should check with the local rental management companies.

The purchase in 93705 zip code of Fresno for 4bd 2ba single family home start from 125k and up. You may qualify to buy with minimal out of pocket expenses and pay less than rent.

You should study RENT vs BUY options as you may qualify to buy and pay less than rent in many local cities. You may qualify to buy with minimum out of pocket expenses and pay less than rent.

Beware of the many rental scams out there these days on all sites. The scams are on all of the rental listing sites except one that us agents/broker use such as mls, multiple listing service.

You should not give anyone any funds or personal information without confirming with a licensed agent/broker or management company to find out whom you should be dealing with and the status of any address of interest.

If you decide you want to buy you will need to be pre-approved to be able to meet an agent to view and submit offers on any homes of your choice. You will need to gather documentation such as one month paystubs, two month bank statements, last two year tax returns, 1040s, 1099s, W2s and all schedules, copies of drivers license/ID and social security card for each applicant.

Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the down payment and closing costs. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

You could consider a down payment assistance program such as CalHFA or Sapphire Grant which can cover your down payment and closing costs. You may close with minimal out of pocket expenses. You may consider the CalHFA from a minimum 640 fico score and the Sapphire Grant from a minimum 620 fico score.

You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down up to 417k. You may consider 3% down conventional from a minimum 620 fico score or even 5% down conventional with NO Mortgage insurance (Lender paid MI) up to 417k.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA/CalVet Loan Specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
... more
0 votes 1 answer Share Flag
Sat Nov 12, 2016
Arpad Racz answered:
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