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91764 : Real Estate Advice

  • All19
  • Local Info2
  • Home Buying10
  • Home Selling0
  • Market Conditions1

Activity 18
Sheryl Arndt, Real Estate Pro in Woodland Hills, CA
Thu Nov 3, 2016
Sheryl Arndt answered:
Hello Zackrogers72, yes you can make an informed decision of loan programs depending on yo9ur fico scores and profile. 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.

Do you have down payment and closing costs or do you need down payment and closing costs assistance? 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.

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 417k. 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 417k.

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, 1040s, 1099s, W2s and all schedules, copies of drivers license/ID and social security card for each applicant.

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.

The purchase in Ontario zip code 91764 start from 249k for 3bd 2ba condo and 309k for 3bd 2ba single family home.

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
24+ Years Experience
BRE# 01140252
NMLS# 297251
... more
0 votes 2 answers Share Flag
Robert G New…, Real Estate Pro in Rancho Cucamonga, CA
Fri Jun 20, 2014
Robert G Newcom III answered:
I know this is a old topic but a opinion is good for everyone that comes on here if it helps. Take a drive around the area about 6:00pm, 9:00pm and 1:00am. If you see strange activity that makes you nervous, that is your answer. ... more
0 votes 10 answers Share Flag
Alex Montelo…, Real Estate Pro in Seal Beach, CA
Tue Jun 10, 2014
Alex Montelongo Real Estate Group answered:
When you list your property with an Agent or Broker you have a better chance of getting more $$$ for your property and better tenants as well. Agents and Brokers have the tools to market your property on over 50 Websites Ex. Zillow, homefinders, Realtor.com, Yahoo, Google, Youtube, Trulia, Oodle, ColdwellBanker, Century21, Remax.com, etc, etc. We can obtain credit checks and verify all tenant references and job employment for you. You can try to duplicate what we do but it will all be based on trial and error and could potentially be very costly to you in the long run.

Fell free to give me a call, even if you just have questions.

All the best,

Alex Montelongo/Broker
Coldwell Banker Star Realty
562-810 7387 Cell
BRE Lic #01456982
... more
0 votes 5 answers Share Flag
Alex Montelo…, Real Estate Pro in Seal Beach, CA
Tue Jun 10, 2014
Alex Montelongo Real Estate Group answered:
If you are still in the market for a home in Ontario, feel free to call me. I would love to answer any questions that you have about the current Real Estate market. Please view my Trulia profile to get a feel for the level of service that I provide my clients.

All the best,

Alex Montelongo/Broker
Coldwell Banker Star Realty
562-810-787 Cell
BRE Lic# 01456982
... more
0 votes 3 answers Share Flag
Ron Thomas, Real Estate Pro in Fresno, CA
Mon Aug 5, 2013
Ron Thomas answered:
I started to answer this:
It is FIVE YEARS OLD!!!
Com' on!
0 votes 15 answers Share Flag
Joanne Cothe…, Real Estate Pro in Glendora, CA
Sat Jul 6, 2013
Joanne Cothern answered:
Hello Jazmin,

Do you have any family members that can help you out for a couple of weeks? If you can afford it, perhaps a low cost motel/hotel might be an option. Your local church might be able to help with a motel voucher, as well......Let me know if you need for me to send you any listings for the permanent home you hope to find for him. Thanks


Sincerely,



--
Joanne Cothern, Realtor, e-PRO®
Century 21 Adams & Barnes
1395 S. Grand Ave.

Glendora, California 91740

(626) 485-3180 (Cell) Direct

Office Phone: 626 963-7621
Office Fax: 626 963-7627

Email: joanne100100@gmail.com
Web: www.sandimasrealestateandhomes.com

California DRE #01844305
Member of the Citrus Valley Association of Realtors®.
Member of the California Association of Realtors®.
Member of the National Association of Realtors®.
... more
0 votes 1 answer Share Flag
FHA 203k Mor…, Real Estate Pro in CA,
Sat Nov 10, 2012
FHA 203k Mortgage Lender answered:
It is a conventional loan. The web referrence below gives more information and alternatives on that.


Best of luck
0 votes 1 answer Share Flag
Roswell Moore…, Real Estate Pro in Scottsdale, AZ
Sun Nov 4, 2012
Roswell Moore, answered:
Home Path financing is only good for properties being sold by Fannie Mae, normally a foreclosure. Unless the buyer has very good credit scores, this is not necessarily the best loan product to use when buying the home because of all the pricing adjustments driving up the interest rate.

Please feel free to contact me directly if you have any further questions, I'd be glad to help.

All the best,
Ros

Roswell Moore, CMPS
Certified Mortgage Planner
480-422-5095 direct
http://www.ezAZloan.com

We are a Direct Lender, Mortgage Bank where we originate, process, underwrite, fund, AND SERVICE our loans, in-house, with FHA (starting at a 580 score AND still only 3.5% down), FHA Streamline refinance loans (NO minimum credit score, NO appraisal required) Go Green rehab loans, HomePath, Investor Friendly (10 financed properties), VA, VA Refinance loans (NO appraisal required on IRRRL loans), USDA loans, Jumbo loans, Conventional loans, plus, we allow Escrow Hold-Backs!
... more
0 votes 1 answer Share Flag
George Raymo…, Real Estate Pro in Fort Worth, TX
Sun Nov 4, 2012
George Raymondo answered:
Remember, not all lenders are created alike. Our company goes down to 620 on FHA loans without having to get a second signature or investor approval. We can go down to 580 case-by-case or even do a manual underwrite, but it take some extra time and the rate won't be as good. On our VA or USDA RDL we look for 620 but we can do a manual without any traditional credit or scores. Hope this helps.


Have a prosperous day!
... more
0 votes 5 answers Share Flag
Mia Sophia M…, Real Estate Pro in Claremont, CA
Sat Oct 13, 2012
Mia Sophia Melle answered:
Hi Wanda!

You may not be able to buy in the near future, but really....who cares?!!! There are plenty of beautiful and affordable homes all throughout the Inland Empire that you can rent even with a poor credit history like yours.

Renting has lots of benefits! You do not have to deal with the frustration of getting a mortgage loan. You are not tied down to a property that will probably start to lose value as soon as you purchase it. You are not financially responsible for repairs and you don't have to worry about needing a large down payment, property taxes, homeowners insurance and all of the other expenses that come along with homeownership.

My company http://www.renttoday.us has lots of homes available in Rancho Cucamonga, Upland, Ontario and surrounding cities and we work with people just like you every single day. Take a moment to check out our site and see if there are any rental homes you are interested. If so, you can apply right on-line for free! Great, right? And we get new stuff every single day from real estate investors, people moving out of the area, banks, and REO portfolio holders who are looking for great tenants.

If you have any questions, please do not hesitate to call our offices at 888.927.7266.

Good luck!!!

Mia Melle, Broker
Renttoday.us | West Coast Property Specialists, Inc.
www.renttoday.us
... more
0 votes 4 answers Share Flag
Devona Garri…,  in Beaumont, CA
Sat Sep 29, 2012
Devona Garrigus answered:
Ontario is a great city with tons of things to do. Also, Ontario CA homes hold their median home prices well compaed to other Inland cities. Good luck with your new home!
0 votes 1 answer Share Flag
Robert Chome…, Other/Just Looking in San Diego, CA
Wed Sep 26, 2012
Robert Chomentowski answered:
A lot will. I all depends on the condition of the property. If the REO listing agent think the condition of the property will cause issues, they will look for a cash offer.
0 votes 12 answers Share Flag
Diana Margala, Real Estate Pro in Rancho Cucamonga, CA
Wed Sep 26, 2012
Diana Margala answered:
I agree with Robert, speak to a mortgage banker, they can see what might be available to you. You can also check with where you bank or credit unions.
0 votes 9 answers Share Flag
Beelady,  in Maine
Thu Aug 2, 2012
Beelady answered:
Thank you. I have completed the rest of the form, I just have never been asked this question. Not sure if they expect a percentage of REO's in the area or what...
0 votes 2 answers Share Flag
Diana Margala, Real Estate Pro in Rancho Cucamonga, CA
Sat May 26, 2012
Diana Margala answered:
Like everyone else has indicated each situation is different, you need to talk to your bankruptcy attorney and/or a CPA or Tax Attorney.

Good Luck:

Diana Margala 909-560-0145
0 votes 5 answers Share Flag
Arturo Rubio, Real Estate Pro in Ontario, CA
Thu Mar 29, 2012
Arturo Rubio answered:
We're in California, for a residential month to month agreement is 30 days notice.
0 votes 3 answers Share Flag
Stephanie Gr…,  in Rancho Cucamonga, CA
Wed Dec 8, 2010
Stephanie Greer answered:
Once the title is transferred to the new owners, then they may have to pay the existing tenants relocation expenses that could be a high a $5,000/person depending on the tenant laws for that particular city.

Stephanie Greer, Certified Short Sale Specialist
951-317-9249
... more
0 votes 4 answers Share Flag
Roland Corral, Real Estate Pro in RANCHO CUCAMONGA, CA
Tue Jun 22, 2010
Roland Corral answered:
Hi,
It's been my experience that the banks usually pay the liens so the property can be sold. It's not worth hanging on to the property. Of course it depends on all the factors and you may want to consult an attorney since this isn't legal advice. You may be surprised to find out you can probably buy a house pretty quickly and also qualify as a first time home buyer and get down payment assistance regardless of whether you owned a home in the last 3 years or not. I've helped people get upwards of $80K in down payment assistance and helped them get back on their feet.
I can tell you that I am a licensed and certified Real Estate Appraiser as well as a Licensed Realtor. If banks won't buy or sell investing their hundreds of thousands of dollars without the professional advice of an appraiser and if the Federal Housing Administration will only accept a "Certified" appraisers stamp of approval on a property. Why would you do any less? Please feel free to call me at my cell: 909-917-6176. My clients receive the benefit of my expertise as a Realtor as well as a "Certified" Real Estate Appraiser.
I also have access to much more data than most real estate professionals do because I must pay for it and use it for appraising. This allows my buyers to find properties many don't even know are for sale. My sellers also know they will get top dollar for their properties because I can see the value as an appraiser and what improvements will benefit them most.
In the end however, Your transaction will be about you and what's best for you. I've actually advised people against buying or selling regardless of my loss of commission because of my knowledge of the market. I figure what goes around comes around. I help people that haven't owned a home in the last 3 years get first time home buyer down payment assistance even though the commission is less and there is more work to do. I know that if I do a good job for my clients and can show them I care, they will always send the blessing back to me.
Feel free to call and pick my brain. :)
In the meantime, God Bless,
Roland Corral
... more
0 votes 4 answers Share Flag
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