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Financing in San Jose : Real Estate Advice

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  • Home Buying886
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Activity 167
Tue May 16, 2017
Sam Shueh answered:
Sun May 14, 2017
Sheryl Arndt answered:
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 3 million. You will need 20% down to purchase over 3 million.

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.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA/CalVet Loan Specialist
Credit Repair Advice At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
... more
0 votes 7 answers Share Flag
Fri May 12, 2017
J. Harris answered:
Unless you own the land, it will not be considered Real Estate. You cannot get traditional mortgage financing. A mobile home is consider more like an auto loan.

Maybe I am reading this incorrectly. If the manufactured home has surrendered title and converted to real estate by combining the mfg home and the land, you have a chance. ... more
0 votes 1 answer Share Flag
Fri Feb 17, 2017
Donald D. Hensel answered:
North Coast Financial provides hard money loans in San Jose and throughout the state. Let us know next time you have a fix and flip loan in San Jose.
2 votes 7 answers Share Flag
Sun Feb 12, 2017
Sam Shueh answered:
Mon Dec 5, 2016
Freemanloanfinance answered:
Do you need a loan? Are you in debt? Do you want to start a business and need capital? Do you need loans or funding for any reason? Do you have a low credit score and you are Finding It Hard To obtain a loan from local banks and Other Financial institutes? Do you need a loan or for Any reason ? Your help is finally here as we offer funding Such as:

a) Personal Loan,Education, Mortgages
b) Business Start-up and Business Expansion.
c) Debt Consolidation

We offer loan at low Interest rate of just 2% and with no credit check, our services are fast and very reliable as loans are approved within 12 hours of application , we offer from a minimum range of 2,000 to a maximum of $€million, loans are only offered to people above age 18. If interested in our services , you are required to contact us via email at (Freemanloanfinance@gmail.com) and get your loan today.

Jamie Freeman
Email: Freemanloanfinance@gmail.com
Thanks for your understanding to your contact as we Await.
... more
0 votes 22 answers Share Flag
Mon Sep 12, 2016
Alexander Greer answered:
Yes I would be more than happy to help you. I am assuming that you moved back to CA for work? And you were in CAN for work? For limited credit, all that is needed is three tradelines which can be shown on your CAN credit report. Also, an LOE from your employer will help saying that they relocated you.

Alex Greer
Loan Officer
408-352-5147
NMLS #1056079
http://www.TheMortgageOutlet.com
... more
0 votes 1 answer Share Flag
Wed Jul 27, 2016
John Murr asked:
Sat Jun 25, 2016
Randall Ortiz answered:
I'm a loan officer and I get refinances done very fast, closing in about 3 weeks. Contact me if you still need help with the refi.

Randall
NMLS 1224511
0 votes 4 answers Share Flag
Tue Mar 22, 2016
Alysse Musgrave answered:
With the exception of VA and USDA loans, a down payment is required for nearly every mortgage. Balloon mortgages are a thing of the past.


Don't Let Them Make a Monkey Out of You! Follow the links below.


Alysse Musgrave
Consumer Advocate
Exclusive Buyer Agent

Best selling author of Buying a Home: Don't Let Them Make a Monkey Out of You! US, Texas, and Spanish versions available.
... more
0 votes 3 answers Share Flag
Fri Mar 18, 2016
Sheryl Arndt answered:
Hello Jewel, what are your fico scores? 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.

You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down. You may consider a 3%-5% grant down payment program up to 417k from a minimum 620 fico score which does not have to be repaid.

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. Jumbo financing is available from 5% down up to 1.5 million from a minimum 720 fico score.

Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

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.

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

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
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
0 votes 1 answer Share Flag
Tue Mar 8, 2016
Five Stars answered:
We can help you with the following:
1 loan up to $850,000 - 95% financing, no monthly PMI.
Combo 1st and 2nd mortgage up to $1,000,000 - 95% financing. No PMI
680 credit score needed.

These programs are full documentation (assets and income) We offer other solutions for reduced documentation, investor and vacation homes has well, please contact us below to discuss the details.


Five Stars Mortgage
National Home Loan Resource
7 days week - 9am-8pm
Ph: 800-871-2636
http://www.FiveStarsMortgage.com
... more
0 votes 12 answers Share Flag
Sat Jan 16, 2016
Info answered:
This is a question that requires a very detailed answer. Your best bet is to reach out to Home Loans For All. We send most of our clients to them and we send ALL of our Refi clients to them. They have experts that can explain everything in detail and they can even find you lenders that can approve you. Here's a link to their website. ... more
2 votes 13 answers Share Flag
Tue Dec 1, 2015
Claudia Muller answered:
This is not cash out.
It is considered delayed financing and will NOT be a problem to get your cash back out.
You have six months from the time you purchased this home to get your cash back to you.
It will be a normal conventional non hard money private loan.
... more
0 votes 15 answers Share Flag
Tue Dec 1, 2015
Claudia Muller answered:
A reverse mortgage would be a great idea, but you must live in the property in order for it to qualify for that type of mortgage. You post your question from NY and property is located in SJ.
You will qualify if the home/rent can cover the mortgage and monthly debts giving you approximately 45% of your income (this rent included).
... more
0 votes 5 answers Share Flag
Thu Oct 22, 2015
Bill Cook answered:
I have that scenario available and even stated income for investment properties starting in the mid-5s.
Only in certain states (mainly CA, CO, WA, FL..etc)
0 votes 8 answers Share Flag
Tue Sep 1, 2015
Sdfds answered:
check out www.skysignature.com free esignature software
0 votes 9 answers Share Flag
Sun Aug 23, 2015
Sam Shueh answered:
Apartment rental is most expensive. Often they foot the water and landscape bill,

Sam Shueh
0 votes 6 answers Share Flag
Sun Jul 19, 2015
Dawn Peddycoart answered:
You should know what the master policy covers to determine the coverage needed. A good agent will want to see the master policy to ensure there are no gaps and things like how much coverage is needed for loss assessment, what's covered by the master policy and what exposures you may have. It's a good idea to package your home with auto and other insurance to maximize any multiple policy discounts. In Minneapolis, MN the average is around $200 to $300 a year. ... more
0 votes 14 answers Share Flag
Fri Jul 3, 2015
Sam Shueh answered:
Letter of intent.... you wish to make an offer but not in the form of a binding contract

-a document outlining the general plans of an agreement between two or more parties before a legal agreement is finalized. ... more
1 vote 2 answers Share Flag
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