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Pasadena : Real Estate Advice

  • All186
  • Local Info8
  • Home Buying56
  • Home Selling12
  • Market Conditions1

Activity 244
Tue Mar 28, 2017
Sheryl Arndt answered:
Hello Kateclavijo, most likely 30% down or less depending on your credit profile.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA or 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
Mon Mar 27, 2017
Suzanne Lukather asked:
Thu Mar 16, 2017
Sheryl Arndt answered:
Why lease option if you may already qualify to buy with traditional financing? Lease options want minimum 10+% down and you may qualify to buy with FHA from a minimum 500 fico score with 10% down,.

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 424k. 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 424k.

If you are buying a primary residence 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 424k.

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 some documentation 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 and VA or 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 9 answers Share Flag
Thu Mar 16, 2017
Sheryl Arndt answered:
Yes, If you are buying a primary residence 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 424k.

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 424k. 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 424k.

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.

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 some documentation 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 and VA or 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 9 answers Share Flag
Tue Feb 28, 2017
Sheryl Arndt answered:
Hello Tito, congratulations on your decision. How much do you have to work with towards down payment and closing costs?

Do you have down payment and closing cost or do you need down payment and closing cost assistance? Do you know your fico scores? What is the maximum mortgage payment you are looking to achieve?

The purchase in Altadena start from 389k for 1bd 1ba condo and the single family homes start from 415k for 2bd 1ba home.

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 you can be emailed listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.

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 some documentation for each applicant.

If you are buying a primary residence 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 424k.

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 424k. 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 424k.

You may consider 5% down Jumbo with a minimum 720 fico score from 424k up to 1.5 million and 10% down from a minimum 680 fico score and up to 2.5 million. You will need 20% down to purchase over 2.5 million.

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 2 answers Share Flag
Tue Jan 3, 2017
Rich Reed answered:
It depends on how your purchase agreement and intent to exchange supplement are written. And whether the failure of the exchange is through no fault of the buyer. If you are already involved in this transaction, please consult with your Realtor and/or your attorney. If you are contemplating a 1031 exchange and are not currently working with a Realtor, please contact us through our profile. We serve Pasadena and the San Gabriel Valley. We speak English, Mandarin, Cantonese, and Spanish. Check out our website at sgvre.net or in chinese at chinese.sgvre.net Thanks! ... more
0 votes 1 answer Share Flag
Thu Nov 10, 2016
Brendacosta11 asked:
Sun Nov 6, 2016
Sheryl Arndt answered:
Hello Cherrybombfilms, the rent to own require a minimum non refundable 10% down plus additional non refundable fees.

You may qualify to buy with minimum out of pocket expenses and pay less than rent in many cities. The purchase in Pasadena start from 299k for a studio condo, 348k for 1bd 1ba condo and the single family homes start from 449k for 3bd 1ba fixer.

Do you have down payment and closing costs or do you need down payment and closing costs assistance? 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.

You will need to be pre-approved to be able to meet an agent to submit offers on 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.

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 you can be emailed 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 2 answers Share Flag
Mon Oct 31, 2016
Rich Reed answered:
We serve Pasadena and the SGV. Contact me through my profile if you would like help. Thanks!
0 votes 1 answer Share Flag
Wed Oct 5, 2016
Angelica P answered:
Hi,

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For future reference, you can feel free to contact us about this type of inquiry through our contact form here:

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Angelica
Consumer Care Advocate
... more
0 votes 1 answer Share Flag
Mon Aug 15, 2016
Rich Reed answered:
The only true value of any property is what a willing buyer will pay and a willing seller will sell. If you're considering listing your property, we serve Pasadena and the San Gabriel Valley. We speak Chinese (Mandarin and Cantonese), English, and Spanish. We would be happy to provide you with a free professional Comparative Market Analysis (CMA). You may contact us through our Trulia profile. If you prefer Chinese you may contact Annie http://www.trulia.com/profile/annie-reed-agent-arcadia-ca-zgfbbk9q/overview.

Thanks!
... more
0 votes 2 answers Share Flag
Wed Aug 3, 2016
ryniciaw asked:
Hello, I need assistance with refinancing my loan. I am on an income based repayment plan. My husband and I have a good income, and good credit, but we have a lot of student loan debt. The…
0 votes 0 Answers Share Flag
Sat Jul 30, 2016
Paula asked:
Wed Jul 6, 2016
answered:
I can use either Freddie or Fannie,

Rich Littlefield
Sophisticated Financial
714-968-2500

License 287206 Equal housing lender
0 votes 1 answer Share Flag
Wed Jun 8, 2016
Rich Reed answered:
Yes, it can affect the Seller of the exchange property. The Buyer of the exchange property, if using C.A.R. forms, would submit an addendum with their offer entitled "BUYER'S INTENT TO EXCHANGE SUPPLEMENT." The Seller and their Realtor should review the terms carefully to see if it meets their needs and requirements. ... more
0 votes 1 answer Share Flag
Fri Jun 3, 2016
Susie Kay answered:
Katherine,

I would suggest that you pick up the phone and call a local realtor to assist you!
0 votes 1 answer Share Flag
Thu May 26, 2016
Alisonsadler answered:
Hi there -
I have an empty lot where I am interested in adding an accessory building (large shed).
I will be using it as an artist studio. If it is built to residential code can it later be considered a residence if I wanted to add a bathroom etc..?
If it were to stay classified as an accessory building and outfitted with bathroom etc could it be mortgaged by a potential buyer in the future? In other words could the shed be considered as a residence if outfitted as such without the permit status altering?
Any clues out there?
... more
0 votes 14 answers Share Flag
Wed May 4, 2016
Sheryl Arndt answered:
Hello Mordruu, you will have to pull permits to rebuild it and will have to go thru the city planning dept for city rules and regulations. You can use the 203k loan to do the work from a minimum 580 fico score.

The streamline 203k is from 5k up to 35k in repairs and you will have a cost/material estimator to work with the 203k loan.

It only takes a few dozen questions to qualify and go over your options. Here are some links to study about me as well as web reference links to many loan programs...

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA or CalVet loan specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
760-486-4225
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7
Under640FicoScoreLoans@gmail.com or HomeLoans4U@live.com
http://youtu.be/MrygA2_8fAY
http://www.trulia.com/profile/SherylArndt
... more
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