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Home Buying in 90706 : Real Estate Advice

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  • Home Buying5
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Activity 4
Mon May 11, 2015
Sheryl Arndt answered:
Hello Niki, 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. 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.

The purchase in Cerritos start from 299k for 3bd 1ba condo. The purchase in Lakewood start from 245k for 1bd 1ba condo. The purchase in Bellflower start from 190k for 2bd 1ba townhome which is as low as $950 down payment with a minimum 580 fico score @190k.

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.

You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down or as low as .5% half percent down payment program. You may consider 3% down conventional from a minimum 620 fico score or even 5% down conventional with NO Mortgage insurance (Lender paid MI).

Your credit scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary. It only takes a few dozen questions to qualify, go over your options and email you listings to study and compare. 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
22+ 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

If my response was helpful, consider clicking Thank, Link or Best Answer.
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0 votes 7 answers Share Flag
Sat Jan 10, 2015
Ron Thomas answered:
If you don't even have the money for Inspections, then you shouldn't be buying yet:
You should have some money set aside for repairs as well as a safety fund of three to six month's living.
You will be spread too thin; if anything happened, you would be in trouble.
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1 vote 1 answer Share Flag
Tue Jan 28, 2014
Alex Montelongo Real Estate Group answered:
If you are still in the market, I would look into CHDAP, CHF Platinum, CHFA and some City websites will have info on City loan programs. As mentioned in previous statements, there are many options. Your best bet is to work with a Realtor that knows of these down payment assistance programs to help find which one is best suited for you.

Best of Luck,
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0 votes 6 answers Share Flag
Wed Nov 4, 2009
Glenn Gaspar answered:
Hi Trina...Look and see if this program can work for you, here is the link:

http://www.bellflower.org/home/index.asp?page=113

What it comes down to is the loan product is a conventional loan, but you as the buyer will only have to come in with 20% down "of the 20% down payment needed," the city covers the difference for you. It may sound confusing but it is not and very simple. I believe they still have funds available. ... more
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