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Financing in Roseville : Real Estate Advice

  • All220
  • Local Info17
  • Home Buying88
  • Home Selling7
  • Market Conditions6

Activity 20
Fri Jun 24, 2016
Alexander Greer answered:
The only reason you would go with a Doctor loan is if you have alot of student debt or you need a higher loan size then convention loans allow for. If not, then just do a conventional loan.

Alex Greer
Loan Officer
NMLS #1056079
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0 votes 2 answers Share Flag
Thu Nov 6, 2014
Jenna Meyerstein answered:
Fri Aug 22, 2014
Rasem Allan answered:
Sun Nov 17, 2013
Randall Ortiz answered:
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 7 answers Share Flag
Tue Sep 24, 2013
Jackson W Stieb Jr answered:
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 is always more expensive in the long run. ... more
0 votes 16 answers Share Flag
Wed Aug 14, 2013
Brian Nguyen answered:
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 of satisfactory Chapter 13 plan payments along with court approval.

For USDA loans you have to wait three years from the discharge date of a Chapter 7 bankruptcy or after 12 months of making Chapter 13 plan payments, with court approval, or at least one year after the Chapter 13 is discharged

Conventional loans are the longest you will have to wait for after bankruptcy. If you want a conventional loan, you must wait four years after receiving a Chapter 7 discharge and two years after receiving a Chapter 13 discharge. If your Chapter 13 case was dismissed without a discharge, you must wait four years from the date of the dismissal.

Hope this helps! If you have any further questions or if you would like a loan, feel free to contact me with the information on my profile page!

Good Luck!

Brian Nguyen
Sr. Mortgage Banker
NMLS # 659743
Phone: 949.667.2887
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0 votes 11 answers Share Flag
Mon Jul 22, 2013
Bill Ladewig answered:
Jim Walker provided almost the same answer.I was going to give. You can get up to 96.50% financing for owner-occupied units up to four.
1 vote 11 answers Share Flag
Sun Jul 21, 2013
Eddie Martini answered:
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 he puzzle are required for a traditional loan. There are alternative lending sources that are mainly based on INCOME and DOWN PAYMENT. In that case YES a low income to debt ratio would help qualify IF you are open to alternative financing.
IF you have more questions for me you can send a private message here on Trulia or to

530 320 3032
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0 votes 5 answers Share Flag
Wed Nov 21, 2012
Greg Cowart answered:
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 inventory and sellers wanting to see offers of cash or Conventional financing with large down payments is to offer the buyer a slightly higher interest rate, say 0.125% or 0.25%, and give them the credit towards closing costs (non-allowables and possibly more than just those). For as long as I can remember it has been customary in our market for the seller to pay the VA non-allowables on VA offers but in today's ultra-competitive market that makes it very difficult to get a VA offer accepted. This way the offer is stronger from the seller's perspective and it doesn't cost the buyer much on their monthly payment at all.

Just a little correction to John Burke's statement: "The following list provides examples of items that cannot be charged to the veteran as “itemized fees and charges.” Instead, the lender must cover any cost of these items out of its flat fee:"

This is not entirely accurate. It is true that the veteran cannot pay these fees but it is not a requirement that the lender pays it. Another party, such as the seller, agents, lender, etc, can pay the VA non-allowable fees. It is not a requirement that the lender pays them...

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0 votes 3 answers Share Flag
Tue Nov 20, 2012
Alma Kee answered:
Hi Richard,

FHA is 3.5% down. You can have up to 3% of closing costs paid by seller if you write it in your offer.

If you put 5% down you may have lower closing costs but PMI is probably higher. Check with:

All the best,
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0 votes 16 answers Share Flag
Sun Apr 15, 2012
Teri Andrews-Murch answered:
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) how old is the building, they will also look at your finances, the length & terms of the current leases.

Your best bet is to sit down with a commerical lender and find out how they evaluate a property & a borrower for loan purposes.
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0 votes 4 answers Share Flag
Sun Mar 11, 2012
Robert Chomentowski answered:
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 5 answers Share Flag
Sun Oct 3, 2010
Monir Mamoun answered:
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 Sacramentto, May, let me know. I have a good friend who has been in the business for many years. ... more
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Sun May 9, 2010
Shelly Ann Grant answered:
yes you can, 580 credit score. fha financing 3.5% down. 96.5% financed. contact me at will assist you with your loan!!

and we also do refinances! with bad credit. ... more
0 votes 4 answers Share Flag
Mon Jan 4, 2010
Hannah Fliegel answered:
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 collateral your property in exchange for a mortgage to you?
Also you can repair and rebuild your credit rating so that eventually you can obtain institutional financing if you want to down the road. Good luck!

Hannah Fliegel
The Credit Restoration Expert
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0 votes 7 answers Share Flag
Fri Dec 25, 2009
Michele L Walker answered:
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 been researching this program and looking forward to helping those in my community who need assistance. Please contact me and we can talk about you and your families needs. ... more
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Wed Sep 30, 2009
Jeff Marr answered:
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're also paying? This estimated amount works out to be roughly 6% of your sales price, which happens to be the maximum amt a seller can contribute towards buyer's closing costs for an FHA loan............

And if you're also purchasing another home, and you're being asked to pay those closing costs, I wouldn't blame you if you felt like you're getting a double whammy!

However, closing costs, and the perception of who should pay for what, don't tell the whole story. If the prices you're paying and receiving on your respective homes seem fair, if not great deals to you, and if your buyers can actually close on the home your selling, then consider these strong compensating factors.

If after you've stepped back and looked at your picture, and the closing cost matter still doesn't seem fair, then make sure to let your agent(s) know your feelings!

good luck, and let me know if I can provide any further details relative to your situation!

best, Jeff Marr
Stanford Mortgage
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0 votes 5 answers Share Flag
Fri Aug 21, 2009
Hannah Fliegel answered:
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 also consider credit repair in order to repair and rebuild your credit profile. You still need to qualify for institutional financing down the road or for a car at some point. Therefore, with good credit you will have more options. If you are able to find a lease option, at some point the seller will want you to finance them out unless they are going to carry financing long term. Good luck! ... more
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Wed Jun 10, 2009
Anna Boyd answered:
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 3 answers Share Flag
Tue Apr 14, 2009
Peter Curtis answered:
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 it for 15 yrs.
Randy Britt is the owner.
I refer all my credit challenged clients to them and they give them back to me so we can find a home. I have seen them take 42 derrogatory credit items off and it just blows you away.
Peter Curtis
Curtis Real Estate
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0 votes 2 answers Share Flag
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