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Home Selling in 91331 : Real Estate Advice

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  • Home Buying3
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Activity 2
Wed May 25, 2016
Dennniseperez4 asked:
My credit score dropped significantly approx. 540. I do have steady employer. I have bank of America as lender. I don't know what to do except sell but I really don't want to…
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Thu Apr 10, 2014
Maribel Munoz answered:
You need to have a Realtor on your behalf to check if the HOA for the complex will allow you to go FHA or only conventional. If the complex is FHA approved or accepting wavers, then you only will need 3% of the pruchase price. (which means $3,500 per every $100K) Lets say if the listing price is $200K then you will need $$7K pluss some extra for closing costs. It the complex is not FHA approved then you will need from 5% to 20% down payment depending on your fico score.
Maribel Munoz/Dilbeck
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