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Home Buying in San Diego : Real Estate Advice

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  • Local Info150
  • Home Buying963
  • Home Selling105
  • Market Conditions78

Activity 1,268
Wed Aug 16, 2017
Aden1935 answered:
you don't truly own condos, you just have the right to do what you want with a partial set of rooms in a building that's owned by a landlord
0 votes 10 answers Share Flag
Tue Aug 15, 2017
jumboloancenter answered:
We offer options up to 95% financing - 1.5mil loan limits. Both fix rate and ARM, fully amortized. Higher loan limits of 2.5mil are also available, but this option will require 10% down. See the reference link below for more info and requirements. ... more
0 votes 37 answers Share Flag
Mon Aug 7, 2017
Pesalmeri asked:
Tue Jul 25, 2017
Tonydunn619 asked:
Sun Jul 23, 2017
answered:
Hello Tonydunn619, you will need to be pre-approved to know your purchasing power and how much you qualify to borrow. How many bedrooms are you looking for and what is the maximum payment you are looking to achieve?

The rentals in San Diego start from $675 monthly rent for 123sf studio apt at the Peachtree Inn, from $750 for 1bd 1ba apt and up. The mobile homes cost more because the space rents are high.

You should study RENT vs BUY listings to compare payments. You may qualify to buy with minimal out of pocket expenses with down payment and closing cost assistance programs.

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 should also consider condo and townhomes as well as single family homes to compare payments. 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.

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 and you can be emailed listings to fit your search criteria.

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 and you can be emailed listings to fit your search criteria.

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 1 answer Share Flag
Thu Jul 13, 2017
Wei Deng asked:
We are buying a house around $800000 in San Diego. The title company is charging $2100 for ALTA loan policy. Is this fee the responsibility of buyer? We have not heard of this cost before,…
0 votes 0 Answers Share Flag
Thu Jul 6, 2017
homebuyer asked:
Recently, I was under contract with a house and had to back out because the seller refused to fix all the safety issues after the home inspection. After backing out, I had to start the loan…
0 votes 0 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 9 answers Share Flag
Mon Jun 12, 2017
answered:
Hello Joshaugustine, yes you may qualify FHA 10% down with fico scores between 500-579 and from only 3.5% down from a minimum 580 fico score. You may qualify with a contract for a job or with one month paystubs, depends. FHA allows up to 2k in collections without having to pay them off or count a payment factor.

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 need to go thru the numbers to put together a game plan to make an informed decision. I am only licensed in CA and have access to the mls, multiple listings services, for access to homes for rent and sale.

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.

If you can get your scores up to 640 you may consider down payment and closing cost assistance programs which you can close with minimal out of pocket expenses.

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
1 vote 1 answer Share Flag
Mon Jun 12, 2017
Gagee101 answered:
Fri Jun 9, 2017
Zoe5101 answered:
To anyone interested In making an offer on a corporate relocation property, I urge you to always get a real estate attorney to review paperwork and contracts. The real estate agents are not trained in corporate relo and are less likely to educate the buyer on how and why the contract differs from a regular sale. There is more risk in buying a corporate relocation home due to their "waiver" and then the "we aren't responsible since we didn't live in the home" position they take when you have serious problems due to non-disclosure of sellers etc. Take away: if you love the house, get a real estate attorney to go through contracts and paperwork. Also, demand that the actual relocation company get a home inspection and provide you with report. Compare with your home inspection reports. Ask for all repairs and termite reports for previous years on property, you can get all termite reports from your state board if the sellers dont provide them as they are supposed to. Remember, a corporate relocation company gives the home owners an "easier out", they are less likely to be honest because they know that the relocation company will be taking responsibility for sale in escrow. Remember, if you dont want a potential life altering nightmare on your hands, keep looking and buy a house the traditional way. Reach out to your local state real estate board for more checks and balances with relocation sales, there needs to be more added protection for home buyer and more training for any agent involved in a relocation sale. ... more
0 votes 4 answers Share Flag
Tue Jun 6, 2017
Cinco asked:
Fri Jun 2, 2017
Rich Reed answered:
Do you have the means to purchase another property if you lose your first deposit? Does your purchase agreement limit the seller's damages to the amount of the deposit? You could open escrow on another house, but you need to know your potential liability for the first one. Talk it over with your agent and your attorney to weigh your options.
Hope this helps!
... more
0 votes 2 answers Share Flag
Tue May 30, 2017
answered:
Hello Maribell, Theses links should have the answers to any questions you may have on schools and boundries:
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 any homes of your choice. The 3bd 2ba single family homes in Carmel Valley start from 539k.

Do you have down payment and closing costs or do you need down payment and closing cost assistance up to 600k sales price? You may qualify FHA from a minimum 580 fico score and 3.5% down or DPA's from a minimum 640 fico score.

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/CalVet Loan Specialist
Credit Repair Advice At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
... more
0 votes 4 answers Share Flag
Thu May 25, 2017
answered:
Hello Almightysavo, there is no such thing but if your meaning a lender to pre-approve you with your social security income that is not a problem. .

Do you have down payment and closing costs or do you need down payment and closing cost assistance programs? How much do you pay in rent and what is the maximum payment you are looking to achieve?

The purchase in 92107 zip code start from 410k for 1bd 1ba condo and up. You will need to be pre-approved to be able to know your purchasing power and how much you qualify to buy.

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.

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. Any agent can assist you once you have a pre-approval letter from a lender like myself.

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 1 answer Share Flag
Mon May 22, 2017
Rich Reed answered:
Hi, Lee, you said you have a Realtor. Did you sign an exclusive representation agreement with your Realtor? When the same broker represents both the buyer and the seller in CA, it is called a "dual agency" Dual agency is allowed in CA with proper disclosures. If you've signed an exclusive representation agreement with your Realtor, you may have already agreed to a possible dual agency.
The issue of dual agency is a hot topic and you will hear solid arguments for and against it.
This article gives more information: http://realtytimes.com/consumeradvice/sellersadvice/item/44069-20160426-dual-agency-can-be-a-good-thing
For most situations I would recommend that each party have their own exclusive representative, but not always.
I am a real estate broker qualified to advise you on California real estate matters, not the law. If you desire legal advice, consult with an attorney.
Hope this helps!
... more
0 votes 1 answer Share Flag
Sat May 20, 2017
Mark Howe answered:
I am a Physician Loan Specialist with Bank of America. Over the past 6 years I have helped countless MDs and Dentists purchase or refinance their homes with this program.

Our Doctor Loan Program has numerous advantages:
-5% down on mortgages up to $1 million
-10% down on mortgages up to $1.5 million
-Start your new job up to 60 days after closing
-Student loans in deferral don't count against your qualification
-Interest rates that are extremely competitive

Any clients looking for further information on our Doctor Loan program, please feel free to contact me directly. My email address is markhowe@bankofamerica.com
... more
1 vote 94 answers Share Flag
Fri May 5, 2017
answered:
Hello Esmeralda.palos, congratulations on your decision to buy a home. You would first need to speak with a Lender to get pre-approved to be able to meet an agent to view and submit offers on any homes of your choice.

Do you know what your fico scores are and do you have down payment and closing costs saved or do you need down payment and closing cost assistance programs? Depending on your fico scores will determine the loan programs options you will have available to you. What price range of homes are you looking at and are they in "Turn Key" condition?

FHA has minimum property standards that the home has to be in great condition and not in need of repairs. If a home you are interested in needs repairs of 5k to 35k you can utilize a streamline 203k loan to get the repairs done upon closing. You can do more extensive remodeling up to FHA loan limits from 35k and up.

Foreclosures are bank repos and may or may not be in FHA minimum property standard condition and are selling for full market value. Short sales are still unpredictable on time frames of closing as per each individual banks. Standard sales are selling at full market value and may or may not contribute towards your closing costs. More details can be discussed if you pay cash or financing.

You will need to gather some documentation such as paystubs, bank statements, last two years tax returns, copies of drivers license 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 consider FHA with fico scores between 500-579 with 10% down and minimum 580 fico score may qualify for FHA 3.5% down. You may also consider the 203k loan programs from a minimum 580 fico score.

You would need a minimum 620 fico score to qualify for Conventional 3% down and a minimum 640 fico score to qualify for Down Payment and Closing Cost Assistance Programs.

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/CalVet Loan Specialist
Credit Repair Advice At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
... more
0 votes 2 answers Share Flag
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