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Home Buying in 92316 : Real Estate Advice

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  • Home Buying5
  • Home Selling3
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Activity 5
Sun Mar 26, 2017
Sheryl Arndt answered:
Yes absolutely, 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.

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 cost assistance programs?

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 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.

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.

The purchase in 92316 zip code start from 219k for 4br 3ba single family home.

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 8 answers Share Flag
Tue Dec 13, 2016
Sheryl Arndt answered:
Hello win_with-unwin, yes depending on the loan program and credit profile. You may qualify with less than that with down payment and closing costs assistance programs but that should be sufficient for an FHA 3.5% down loan program as well.

You could consider a down payment assistance program such as CalHFA or Sapphire Grant which can cover your down payment and closing costs up to 417k. 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.

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 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 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 92316 zip code start from 209k for 3bd 1ba single family home and up.

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 6 answers Share Flag
Tue Dec 13, 2016
Sheryl Arndt answered:
Hello Sbizaro07, yes you may qualify with less out of pocket than that with down payment and closing costs assistance programs but that should be sufficient for an FHA 3.5% down loan program as well.

You could consider a down payment assistance program such as CalHFA or Sapphire Grant which can cover your down payment and closing costs up to 417k. 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.

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 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 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 92316 zip code start from 209k for 3bd 1ba single family home and up.

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 1 answer Share Flag
Fri Aug 10, 2012
Cindy Davis answered:
Usually - i'ts 3 - 5 days after depending upon whether there are other conditions to be met. I would speak to the buyer's lender to be certain.
0 votes 5 answers Share Flag
Mon May 26, 2008
Diane Wheatley answered:
Well you are looking in the right place! Rancho Cucamonga is notorious for allowing animals to reside on the premises. I'm assuming that you mean equestrian or farm animals. They are allowed but there is a limit depending upon the size of your lot. Many homes in Rancho Cucamonga north of the 210 freeway offer 1/2 acre + parcels. Unless there are recorded restrictions against animals most neighborhoods allow one animal per 10,000 st or 2 animals on a typical half acre. I believe pigs are calculated the same. There is a limit on domesticated animals such as cats, dogs, birds but it is a large number. The only time the city would be involved in the number of animals you house would be if a complaint were filed regarding the rules allowable by the city. So bottom line, check with the city of Rancho Cucamonga's code enforcement dept. before you buy! Good luck. ... more
1 vote 3 answers Share Flag
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