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91730 : Real Estate Advice

  • All34
  • Local Info4
  • Home Buying15
  • Home Selling2
  • Market Conditions0

Activity 29
Mon Jan 30, 2017
Sheryl Arndt answered:
The sellers pay the agent fees. Lease with option to buy are risky and usually require a 10% or more non refundable deposit as well as other fees. You may already qualify for traditional FHA financing with 10% down from a minimum 500 fico score.

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.

The purchase in 91730 zip code start from 172k for 1bd 1ba condo, 200k for 2bd 2ba condo and the single family homes start from 305k for 3bd 1ba home.

Do you have down payment and closing costs or do you need down payment and closing costs assistance? You would need a minimum 620 fico score to qualify.

If you decide you want to buy 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.

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 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 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
REO and Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
... more
0 votes 2 answers Share Flag
Thu Jul 9, 2015
Pportoff answered:
Even private money lenders could go as low as 8.5% with under LTVs of 50%. Try Lending Home Funding Corp.

1-855 408-7694
2 votes 7 answers Share Flag
Sun Oct 5, 2014
Lon Mapes answered:
In California, the tax records only list square footage considered "living area" in the size of the home. Garage space is not "living area" (except for your car, LOL). Now, if the garage is ever converted to living area with the correct permits from the city, then it would be included. ... more
1 vote 12 answers Share Flag
Tue Aug 19, 2014
Brian Nguyen answered:
Yes, that is correct, but only for an FHA mortgage which is a great loan. The waiting period in order to get an FHA mortgage is now only 1 year, but there requires certain circumstances for that to be allow. I have pasted an article below from the Chicago Tribune about this change that you are talking about so check it out! I am a lender in Southern California and I have given loans to individuals who have also had recent short sales. If the short sale was due to job relocation, or there are other compensating factors and strengths to the file, I can get you the loan you need.

Well I hope this helps! If you have any further questions or if you need a loan, feel free to contact me. Also, if you found this helpful please leave me a recommendation if you can!

Good Luck!

Brian Nguyen
Sr. Mortgage Banker
NMLS # 659743
Phone: 949.667.2887
brian.nguyen@nafinc.com
... more
0 votes 9 answers Share Flag
Tue Aug 12, 2014
Micah Matson answered:
Basement square footage is usually not allowed to be added to square footage even if it is finished.
0 votes 1 answer Share Flag
Fri Jul 25, 2014
Tristam Bielecki answered:
Looks like you created the listing using Postlets? I had a similar problem with my own rental once and the only way to fix it was to disable distribution to Trulia on postlets.com and create a seperate listing directly on Trulia. ... more
1 vote 1 answer Share Flag
Tue Apr 8, 2014
Niradia Demmings 3232097677 answered:
Rachel,
I am your local expert. I know of the programs you are looking for and guess what I may even save you an amount to only have to put down less than $3000 for the entire transaction. Give me a call and lets get this ball rolling. My lender is right here in Rancho Cucamonga. I look forward to speaking with you soon!!


Niradia Demmings,
Licensed in CA, #01720135
niradia.demmings@ziprealty.com
Cell: 323.209.7677
My Profile: http://www.ziprealty.com/agent/ndemmings
... more
0 votes 5 answers Share Flag
Mon Feb 10, 2014
Robert Hanson answered:
Here's an interesting video on the subject if you are interested. https://www.khanacademy.org/economics-finance-domain/core-finance/housing/renting-v-buying/v/renting-versus-buying-a-home
If I can be of assistance, feel free to contact me at your convenience. My contact information tagline will be posted below as a reply to this comment. Regards, Robert Hanson: robertlh66@verizon.net
... more
0 votes 4 answers Share Flag
Fri Jan 31, 2014
Nicole Fedorchek answered:
I don't have access to that information. The best thing to do is to drive by, and see if there is a sign. Or, call one of the current companies, and ask them (I think Omni Training is a current tenant).
Please let me know if I can be of any further assistane to you!

Nicole Fedorchek, Realtor
Tarbell, Realtors
714-914-5097
realtornicolef@gmail.com
... more
0 votes 1 answer Share Flag
Wed Dec 18, 2013
Patti Ann Griep answered:
this may be a scam. I ran into the same situation -googled the address and found an ad saying it was for sale. Called Realtor she said it was for sale NOT rent. Always try to check it out if it seems low or anything feels odd google and check. I was ready to jump in on my case but they always say 'DO NO SEND MONEY THROUGH THE MAIL OR TO SEND IT SOMEWHERE, THEN YOU'LL GET PAPERS' I just felt like crying- I really need a place bad myself. Aloha and be safe. ... more
0 votes 7 answers Share Flag
Thu Aug 22, 2013
Chandra Watkins answered:
Are you open to areas in San Bernardino or Highland? If so, you can email me and I should be able to assist you.
0 votes 2 answers Share Flag
Mon Jun 10, 2013
alfredmcculloch answered:
i filed a chapter 13 and made two post petition payments to the lender one for the month of May and one for the month of June my home alleged sold on April 12. the lender was given notice of my bankruptcy and did nothing about it but took my payment. Does taking two payment from me rescind the sale. ... more
0 votes 5 answers Share Flag
Sat May 18, 2013
Teresa Mejia answered:
This certainly will add value to your home. With some research, with resources on realtors have, a realtor could find out what the added value is and show you the research. The agent would price the home a little lower then the research show to get more activity on the property, Once the special features are shown then you would get multiple offers over the asking price. If you would like to see the research or have any other question please feel free to contact. My office is in Rancho Cucamonga, but I would be happy to come to you.

Teresa Mejia
DRE#01775721
Intero Real Estate Services
Rancho Cucamonga
909-721-7679
Teresa.inter@gmail.com
... more
0 votes 8 answers Share Flag
Sat May 18, 2013
Teresa Mejia answered:
here is a number the guy I use
you can call him at 951-218-1745 He does a real good job, His name is Jeremy, Tell him I referred you.
0 votes 7 answers Share Flag
Sat May 18, 2013
Teresa Mejia answered:
Hello, If you missed payments while in the shortsale process then you will have to wait 2 yrs with some lenders, I have a lender that can work with these special circomstances and get you a loan. It also depends on the down payment. If you plan on putting a big down payment the it will be easier to get the loan. If you would like to speak with my loan officer I can help you with that. She will be able to answer all your questions so you will know where you stand.

You can contact me.
Teresa Mejia
DRE#01775721
Intero Real Estate Services
Rancho Cucamonga
909-721-7679
Teresa.inter@gmail.com
... more
0 votes 17 answers Share Flag
Sat May 18, 2013
Teresa Mejia answered:
There are a few available, if you have been pre-qualified and have proof of funds to close, then the process will move along quicker. Rancho Cucamonga has alot of nice property's available. Homes that go on the market are getting swept up quickly. Once you view a home you will need to decide quickly if you want to put an offer in. As a real estate professional I study homes and prices everyday, If you would like more information and a list of homes to preview you can give me a call or email me.

Teresa Mejia
Intero Real Estate Services
909-721-7679
teresa.intero@gmail.com
DRE# 01775721
... more
0 votes 6 answers Share Flag
Sat May 18, 2013
Teresa Mejia answered:
I have work with many families to relocate them and get them the home of thier dreams. Many agents from other states have referred clients to me to either sell their home here in california to move to another state or to come from another state to buy a home here in california. I have lived in the area for over 28 years. Relocation and helping clients find the home of thier dreams is my expertise.
We have an inhouse lender, and escrow company, and they can answer all your questions. your price range is about $155,000 for an FHA loan with 3.5% down payment.
... more
0 votes 5 answers Share Flag
Sat May 18, 2013
Teresa Mejia answered:
Jetsetter, You can buy a property but you will have to provide the proper documentation regarding your legal seperation, and your spouse will have to sign a quit claim so that he will not have any claim to the property, this will be done through escrow. We have an inside lender that can help you, and also and escrow officer available to walk you throught the process.We are all located in the same office, Its a one stop shop for all your real estated needs. If you would like I can send you Information on property's as well as loan information. I work in the Rancho Cucamonga, and my office is also located there, ... more
0 votes 7 answers Share Flag
Fri Feb 8, 2013
George Raymondo answered:
Jetsetter,

Some good answers below. to summarize, your front end ratio can vary. If your credit is good and your debt is low then your top ratio can be much higher than 30%. I have had cases where the front end ratio has easily exceeded 36%. It just depends.

In the event you are a first time buyer these are some additional things you should be concerned with.

1.) Find a Loan Officer with a proven track record who WILL be straight with you, and equally important... take or return your calls. I can't tell you how many clients tell me how how frustrating it is when the LO doesn't return calls or has poor customer service.

2.) Lending has actually pretty straight forward now. All good Loan Officers will run your application and credit report through the AUS (Automated Underwriting System) in order to pre-determine what your maximum sale price is based on your income and debts. If they are a Mortgage Banker, they certainly know their own Underwriter's or Investor's guidelines concerning maximum ratios or having compensating factors.

Best of Luck!
... more
0 votes 8 answers Share Flag
Fri Dec 21, 2012
inna ivchenko answered:
These days, here in Valley, majority of listings are short sales...and yes, it's usually to be disclosed.
0 votes 9 answers Share Flag
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