Hello David, the rentals in Chino start from $1,700 for 2bd 2.5ba condo and the single family homes start from $1,980 for 3bd 2 ba home. The inventory is quite low currently but new inventory comes up daily.
There are 67 rental choices of 2-3-4 bd within a 10 miles radius of Chino from $1,200 for 2bd 1ba condo in Montclair and up. The single family homes start from $1,650 for 3bd 2ba in Pomona.
The purchase in the same perimeters are from 177k for 2bd 2ba condo in Ontario and the single family homes start from 219k for 2bd 1ba in Ontario and up. The payment would be approximately $1,500 to $1,600 monthly mortgage payment. You may qualify to buy with minimum out of pocket expenses than the first, last and security of a rental deposit.
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.
You will need to be pre-approved to be able to meet an agent to submit offers on homes of your choice. You will need to gather documentation such as one month paystubs, two month bank statements, last two year tax returns, 1040's, 1099's, W2's and all schedules, copies of drivers license/ID and social security card 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 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% Sapphire Grant down payment program up to 417k from a minimum 620 fico score which does not have to be repaid.
It only takes a few dozen questions to qualify, go over your options and email you listings to study and consider. Here are some links to study about me as well as web reference links to many loan programs...
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA or CalVet loan specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252NMLS# 297251
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7
Under640FicoScoreLoans@gmail.com or HomeLoans4U@live.com