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Financing in Santa Rosa : Real Estate Advice

  • All459
  • Local Info38
  • Home Buying123
  • Home Selling6
  • Market Conditions23

Activity 15
Sat Feb 18, 2017
Sheryl Arndt answered:
You may already qualify for FHA financing with your scores.

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.

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.

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 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.

The purchase in Santa Rosa start from 250k for 2bd 1ba condo and up. You may qualify to buy with minimum out of pocket expenses...

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 5 answers Share Flag
Sat Dec 3, 2016
Yralvarado2 asked:
What types of loans can undocumented immigrants or DACA recipients qualify for?
0 votes 0 Answers Share Flag
Wed Aug 31, 2016
Monafournier answered:
Thu Aug 15, 2013
Alexander Greer answered:
I was just looking through old post and I noticed yours. If you were not able to refinance at the time of the post, I can certainly help you out now. You can call me at 408-352-5147 or email me at You can check us out at I will look at your situation and present you with some options.

Alex Greer
NMLS #1056079
... more
0 votes 11 answers Share Flag
Sat Nov 19, 2011
Rudi Hofmann answered:

Here is the recent update from my previous post on 10/25. Looks like it will be March 2012 before the full program will available. Click on Guide Announcement - SEL-2011-12.

Happy funding, Rudi
... more
0 votes 8 answers Share Flag
Wed Mar 30, 2011
George Raymondo answered:
Trust me! It is better to lock now! You can count on rates for consumers going up further after 4/1/2011. Anyone is says no just doesn't get it. Neither does the FED.
0 votes 6 answers Share Flag
Sun Mar 27, 2011
Yarrow Kubrin answered:
The best deal on a mortgage should not be viewed solely from the rate (or cost of funds). Service and your loan officers accessibility are other criteria worth considering. Rate is important but closing the transaction without giving the borrower an ulcer in the escrow is also worth taking into account. ... more
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Sat Feb 27, 2010
Shawn Hermosillo answered:
Hopefull 1

That is a great question that is best answered by a seasoned loan officer. Call the bank that you have your savings and checking account with and ask them to tell you if you can qualify. It is always best to call up to 3 different institutions and they should all give you the same answer based on your crdet score, job history and the amount of money you can put down.

Lenders and contact info.

Mason Mcduffy Mortgage
Eric Burgess
707 526 6100

Bank of America
Denis Styles
707-293-2354 (B)
707-480-9253 (M)
866-517-1131 (F)

Mission Hills Mortgage
Bill Peter
707-3032922 (B)
707-695-3686 (M)

Hope that points you in the right direction.

Good luck

Shawn Hermosillo
The Hermosillo Group
Keller Williams Realty
707 206 4534
... more
0 votes 12 answers Share Flag
Fri Dec 18, 2009
Jennifer Beeston answered:
Check out Luther Burbank. They are the only lender I know of that will work with LLC's
0 votes 4 answers Share Flag
Sun Nov 8, 2009
Jesse Sierra answered:
Hi Lookee,
Talk to your agent and lender on Monday morning and tell them what is going on.

Best Regards,

Jes Sierra, B.Sc.
Century21 Beachside Realtors®
Chino Hills, California ... more
0 votes 3 answers Share Flag
Wed Oct 14, 2009
Robert Spinosa answered:
Speak with Hannah Fliegel at (415) 999-9348.
1 vote 2 answers Share Flag
Mon Jul 6, 2009
Marty S answered:
4 years, unless you go with an Alt-A Company which will allow 2-3 years in some cases.

I am a Loan Officer. If I can be of assistance, please let me know.

... more
0 votes 4 answers Share Flag
Wed Jun 24, 2009
Mike Kelly Allison Norman answered:
I agree with Craig, I'd talk to a Trust/Probate/Estate Attorney. You are referring to the 'Alienatoin Clause" of the Note secured by the Deed of Trust on the subject property. Take this with you when you visit the attorney. Good luck! If you wish to find out the value of the Condo then you should have an appraiser do one at the "time of death" to determine the taxable "basis" at the time of your relative. ... more
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Fri Nov 16, 2007
Lisa Nunes answered:
Hi Jason,
I see now that you asked this question in November, and I'm responding in January. Hopefully you didn't buy a car yet. Interest rates are great right now, so if you haven't started your refinance, get your financial information together soon and get to a reputable lender! It's a great time to refinance.
Good Luck,
Lisa Nunes, CRS
Eco-Green Certified
Century 21 Alliance
... more
0 votes 9 answers Share Flag
Fri Aug 10, 2007
Sheila Lawrence answered:
I can give you 3 recommendations, than I would suggest you call all three and talk to them to see who answers your questions the best. The 3 are: Mark Husking of Blue Oak Mortgage @ 707.524-4840, Monica Lukes of Princeton Capital @ 707.829-7490 and Bob Tidd of Cal-Bay Mortgage @ 707.528-2600 X207. These are all seasoned loan officers and people who I know to match the product to the client instead of just making a sale. Good Luck! ... more
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