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Home Buying in 91801 : Real Estate Advice

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  • Local Info1
  • Home Buying15
  • Home Selling4
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Activity 14
Sun Mar 12, 2017
answered:
Hello Taurus, yes absolutely! If you don't have down payment and closing costs you should use a down payment and closing cost assistance program. You may qualify to buy with minimal out of pocket expenses with down payment and closing cost assistance programs.

The purchase in Alhambra start from 368k for 2bd 2.5ba condo and the single family homes start from 499k for 2bd 1ba home. The purchase in San Gabriel start from 419k for 2bd 2.5ba condo and the single family homes stargt from 420k for 2bd 1ba home.

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.

If you are buying a primary residence 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.

You may consider 5% down Jumbo with a minimum 720 fico score from 424k up to 1.5 million and 10% down from a minimum 680 fico score and up to 2.5 million. You will need 20% down to purchase over 2.5 million.

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 or 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 4 answers Share Flag
Wed Mar 8, 2017
801housebuyer answered:
The complete list of fees:

mortgagee premium 878.00
endorsement 250.00
deed recording fee 50.00
mortgage recording fee 250.00
sub escrow fee 62.50
messenger fee 75.00
e-recording fee 10.00
mortgagee premium 2nd 150.00
settlement agent fee $2114
notary 300.00

these are my share, does not include sellers end. agreement was worded that we each handle our own, as customary. Thanks
... more
0 votes 1 answer Share Flag
Wed Jul 20, 2016
Rich Reed answered:
The buyer (transferee) can cancel the offer as follows, CIVIL CODE
SECTION 1102.3, in part: "If any disclosure, or any material amendment of any disclosure, required to be made by this article, is delivered after the execution of an offer to purchase, the transferee shall have three days after delivery in person or five days after delivery by deposit in the mail, to terminate his or her offer by delivery of a written notice of termination to the transferor or the transferor's agent."
This right to cancel is also mirrored in the CAR RPA and applies whether or not there are remaining contingencies.
I am a real estate broker qualified to advise you on California real estate matters, not the law. If you desire legal advice, consult with an attorney.
If your agent doesn't know the answer, talk to their broker.
... more
2 votes 1 answer Share Flag
Sun Mar 13, 2016
answered:
You may utilize a 203k loan and add onto your current home or buy another one. You will need to study where you want to move and then study listings. 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.

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 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% grant down payment program up to 417k from a minimum 620 fico score which does not have to be repaid.

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 may qualify for as low as 5% down up to 1.5 million from a minimum 720 fico score.

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
23+ 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
... more
0 votes 16 answers Share Flag
Mon Jun 22, 2015
answered:
I think that if it is central air you are probably fine, if you had a wall heater I would say to do something. Of course it needs to be operable.
0 votes 2 answers Share Flag
Wed May 27, 2015
Alex Montelongo Real Estate Group answered:
Hmmm. That is something that you should have noticed in your initial walkthrough and discussed right away. You can still ask the landlord. All they can say is either yes or no. I don't think that the landlord is obligated to provide one though.

Best of luck,

Alex Montelongo/Broker
Coldwell Banker Star Realty
562-810-7387 Cell
BRE Lic #01456982
... more
0 votes 5 answers Share Flag
Wed May 27, 2015
Alex Montelongo Real Estate Group answered:
Trulia does get the majority of their listings from direct feeds from multiple MLS's across the nation. However, homeowners can also list their properties for sale on Trulia. There are some individuals that list properties for sale or rent that do not have the authorization of the actual homeowner. Your best defense is to work directly with a Reputable Agent or Broker in the area that you are interested in. Don't do it on your own.

All the best,

Alex Montelongo/Broker
Coldwell Banker Star Realty
562-810-7387 Cell
BRE Lic #01456982
... more
0 votes 7 answers Share Flag
Thu Apr 23, 2015
answered:
The California Financial Code is what has control over escrow if you want to look in there to find you answer. But other then that no one here can give you legal advice unless they are an attorney.

I do not check replies, so if you have a comment or question email me here:
AGreer@TheMortgageOutlet.com

Alex Greer
Loan Officer
408-352-5147
NMLS #1056079
http://www.TheMortgageOutlet.com
... more
0 votes 1 answer Share Flag
Mon Sep 23, 2013
Cesar Aviles answered:
In California a real estate agent is the person qualified to advise on real estate transactions. If you desire legal or tax advise, consult an appropriate professional. I can suggest a good real estate lawyer and a good CPA. ... more
0 votes 7 answers Share Flag
Mon Sep 23, 2013
Cesar Aviles answered:
Paint in and out...clean and polish hard surface floors, Shampoo carpets, clean and detail all windows and trim the trees and shrubs and clean front and back yard, replace all light bulbs and clean all light fixtures, . Let the new owner make "updates" Save your money. Just make sure all appliances, plumbing, heating and systems are in good working order. To sell for the most money just call 626-757-5550 ... more
0 votes 8 answers Share Flag
Mon Sep 23, 2013
Cesar Aviles answered:
New windows are great, double-pane are better. All improvements and repairs done before the sale will help you sell faster and for more MONEY! Call 626-757-5550 to sell your home for the most money! ... more
0 votes 6 answers Share Flag
Mon Sep 23, 2013
Cesar Aviles answered:
NOW!!!! is the best time. Before the interest rates go much higher! Call 626-757-5550 to get your home SOLD for the most MONEY!!
0 votes 13 answers Share Flag
Wed Oct 5, 2011
John Arendsen answered:
Steve pretty much summed it up as did Melissa. They both have very valid points. Dealing with a condo on that type of issue can be somewhat of a challenge at best. Whether the condo development is flush in the piggy bank or struggling like a lot of HOA and Condo associations today will give you an indication of what could or could not be done.

If you're still in your due diligence and contingency phase I would definitely find out how solvent the HOA is and just how pervasive the termite issue is. This could be a deal breaker if the HOA won't or can't deal with the problem. Good luck.
... more
0 votes 7 answers Share Flag
Sun Feb 28, 2010
Joseph Runfola answered:
An easement could quite possibly diminish a property value. A right acquired by one party to use the land of another party for a special purpose is an easement. Easements commonly are created by written agreement between the parties. The permanent right to use another's land for the benefit of a neighboring parcel is an easement appurtenant. In certain cases, if the only access to a parcel is through another's property, the owner may acquire an easement by necessity to reach his or her land. Easements are sometimes referred to as encumbrances. ... more
0 votes 7 answers Share Flag
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