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92626 : Real Estate Advice

  • All22
  • Local Info0
  • Home Buying6
  • Home Selling4
  • Market Conditions2

Activity 18
Thu Jan 26, 2017
Sheryl Arndt answered:
Hello Kirra, you did not mention the maximum payment you are looking to achieve. The rentals in Huntington Beach start from $750 to $950 for a room and from $1,350 for 1bd 1ba apt, $1,425 for 2bd 1ba apt and the single family homes start from $1,495 for 1bd 1ba cottage.

You should check with the local rental management companies too. Here is a link to consider, call and go directly. Here is a link to everything available 122 in Huntington Beach and 52 in Costa Mesa up to 3k monthly rent.

http://www.realtor.com/apartments/Huntington-Beach_CA/price-na-3000/affordable

http://www.realtor.com/apartments/Costa-Mesa_CA/price-na-3000/affordable

The purchase in Huntington Beach start from 274k for 2bd 1ba condo and up. You may qualify to buy with minimal out of pocket expenses, less than first, last and security, and pay about the same or less than rent in many local cities.

You should study RENT vs BUY options as you may qualify to buy and pay less than rent in many local cities. You may qualify to buy with minimum out of pocket expenses and pay less than rent.

Beware of the many rental scams out there these days on all sites. The scams are on all of the rental listing sites except one that us agents/broker use such as mls, multiple listing service.

You should not give anyone any funds or personal information without confirming with a licensed agent/broker or management company to find out whom you should be dealing with and the status of any address of interest.

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.

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.

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 1 answer Share Flag
Wed Nov 23, 2016
Sheryl Arndt answered:
Hello Vince, yes that is possible. Is your wife working and has had an income for atleast two years? If so you may need her income to qualify for more. The purchase in 92626 zip code start from 375k for 3bd 2ba condo and the single family homes start from 600k for 3bd 2ba home.

You may consider conventional financing from 3% down with a minimum 620 fico score up to 417k. You may consider 5% down Jumbo with a minimum 720 fico score from 417k up to 1.5 million and 10% down from a minimum 680 fico score.

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? If the home prices you are considering are below 417k then you may even consider down payment assistance programs.

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 would have to run your wifes credit and include any debt payment on an FHA loan and have to go by the lower fico score of the both of you...

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.

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 3 answers Share Flag
Thu Aug 11, 2016
Neil Roxas answered:
Hello,

We are a real estate search engine so we don't represent the homes found on our site. Please follow these steps to begin your home search:

1. Click the 'Buy/Rent' tab at the top of our homepage.
2. Enter your desired city and state in the search bar and hit Enter.
3. Click 'Max Price' to select what your highest price would be to pay for a home. Click 'Min Price' to set the lowest price you would pay.
4. Select your preferred property type, square footage, allowed pets, etc.
5. Click the orange 'Done' button.

This will begin to pull up listings that are more tailored to what you are looking for.

If you are interested in a listing, click on the "Request Viewing" button. You can also take advantage of our vast network of agents here:

http://www.trulia.com/directory/

We hope your experience with Trulia is memorable and thank you for using Trulia for all your real estate needs.

For future reference, you can feel free to contact us about this type of inquiry through our contact form here:

http://www.trulia.com/help/ask/


Thank you for using Trulia!

Bernard Joseph
Consumer Care Advocate
... more
0 votes 1 answer Share Flag
Fri Feb 12, 2016
Colin Delaney answered:
OCLisa, You can actually report them to the local board of realtors and they would more than likely be sanctioned for their actions.
Lots of agents leave properties listed "active" too long because they are trying capture more leads.

Let me know if I can help.

Best of luck!
... more
0 votes 3 answers Share Flag
Thu Mar 26, 2015
Sheryl Arndt answered:
Hello Karen, you can not qualify for conventional financing yet. You may qualify for FHA so do you need cash out as well? It only takes a few dozen questions to qualify and go over your options. 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
22+ 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

If my response was helpful, consider clicking Thank, Link or Best Answer.
... more
0 votes 1 answer Share Flag
Tue Jul 29, 2014
Brittany Leighton answered:
Great question. It would really depend on weather or not you could get qualified on a mortgage. $20,000 is a great start, but it would not make the difference in being able to qualify due to your credit situation.

Please let me know if you have any further questions!
Have a great day

Brittany Leighton
... more
0 votes 24 answers Share Flag
Sun Mar 23, 2014
Westbay Apartments answered:
Hello,
As long as you do not owe any money to prior complexes or have evictions you will be fine. Call me if you are interested in our 2 bedroom/ 1 bath 1495 on a one year lease...

Maritza
949-642-1424
... more
0 votes 2 answers Share Flag
Fri Aug 23, 2013
answered:
If it is non assumable, that is called a wrap around, yes you may.

You need a lender who knows what they are doing.

I can help you with that.

Rich Littlefield
949-297-1207
NMLS 287206 ... more
0 votes 10 answers Share Flag
Sun Mar 17, 2013
Ingrid Ski Realtor answered:
Hi Garrett
Only one place is available right now
When did you want to move? Are you flexible for the location? Let me know

Ingrid Ski Realtor
949-874-0432
OCAreaHomes@gmail.com ... more
0 votes 4 answers Share Flag
Fri Aug 19, 2011
Ron Thomas answered:
Hi Buy,

There are two "Contracts" here; the Contract between you and the Seller, and the Contract within the Escrow:

What I want to address is the Escrow; The Title Company will not do ANYTHING unilaterally; meaning they will not cancel the Escrow based on the Seller's request, you have to agree. They will keep the Escrow open if you do not say so.
So, if the Seller tries to sell the house to someone else, there will be an Open Escrow pending.

In the other extreme; the Title Company will bill you for your expenses. They will bill the Seller for theirs.

Befriend the Officer at the Title Company and ask them to call you if something happens. (do not try to give them a gift or anything; not kosher!)

Good luck and may God bless
... more
0 votes 10 answers Share Flag
Wed Aug 3, 2011
Santin65 answered:
I Have a property and I,m the bank but the make me the payment for 15 years but now I want to sell the de
0 votes 14 answers Share Flag
Tue Aug 2, 2011
Alyssa Parisette answered:
Hello,

Renting it out is always an option, otherwise you can try speaking to your lender about loan re modification, although that sometimes takes forever depending on the lender. It sounds like now is not the optimal time to try to sell unless you have a buyer that's willing to pay cash in the difference of the appraisal price.
Another option would be to try to short sell the mobile home and get a pre-approved selling price from the bank.
... more
0 votes 1 answer Share Flag
Mon Aug 1, 2011
John Arendsen answered:
If you're in a rental park you may find it quite difficult to sub lease as most parks have rules and regs that prohibit this. You may be better off just finding someone who would be willing to take over your payments if your lender (legal owner) would allow them to replace you as the registered owner. I have been doing this for years as an owner/lender of MH's with a reasonable degree of success.

If you should find someone to take over your payments you must first make sure the park management accepts their application to rent/lease. You would have a real mess on your hands if you found that the person who you found to take over your payments became the registered owner and then wasn't accepted by the park management. I've actually seen this happen..
... more
0 votes 4 answers Share Flag
Mon Jul 11, 2011
Abie Chehade answered:
the best deal is to get rid of it... short sale for the right price...
that way you have no headaches from either the ex nor the property.. start new life.

email me if you have any other questions.

Thanks.

Abie chehade
veranda homes
achehade@aol.com
... more
0 votes 6 answers Share Flag
Thu Jun 2, 2011
Karen Parsons Fiddler answered:
Hi Nancy,

How did it all turn out? Did you close? I see that this question is from January? I hope it turned out ok for you....

Karen
0 votes 13 answers Share Flag
Mon Feb 28, 2011
Colin Delaney answered:
Hi Swelman,
I have to agree with some of the other posts- craigslist or westsiderentals.com will give you the best selection of rentals. Two bedrooms are generally between $1200-1500/month. I would stay away from any situation where you think a distressed homeowner might be foreclosed on though; a foreclosure that you are renting might get you out on the street again looking for a new place to rent.
It's a good time to buy- if you have the right mix of credentials, loans are fairly straightforward and interest rates are in the high 4% range right now, which is really affordable for most condos in Costa Mesa.

Colin Delaney
Broker, Veranda Homes
714-743-9882
... more
0 votes 5 answers Share Flag
Tue Oct 12, 2010
LACONTRA answered:
Yes. Reason? Gov intervention Ie tax credits. Home prices still have a way to go. Its going to be a buyer's market for the next few years so there is no reason to jump the gun.


Yes rates are low, but they've been low for awhile now. Don't be pressured into buying a home. Don't believe the hype. When the time is right, you will find your dream home. And by the time is right I mean prices fall another 5 to 10 percent at lease and you go convential and have plenty of cash reserves :)
... more
0 votes 54 answers Share Flag
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