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Home Buying in 92704 : Real Estate Advice

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  • Local Info0
  • Home Buying12
  • Home Selling1
  • Market Conditions1

Activity 11
Mon Apr 24, 2017
Sheryl Arndt answered:
Yes you may consider conventional financing from a minimum 620 fico score and as low as 3% down these days up to 424k loan amount.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA/CalVet Loan Specialist
Credit Repair Advice At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
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Tue Mar 14, 2017
Nicole Fedorchek answered:
Hello! The next step to contact me so I can help you find the home of your dreams! As a local real estate professional, I am familiar with all areas in Orange County, and I will guide you through the process in a smooth and seamless manner!
Look forward to working with you!
Nicole
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Thu Feb 4, 2016
Sally Grenier answered:
Why did the listing agent / seller not pay your buyer's agent? Did you sign a buyer agency agreement with your agent? If so, what did it say about how they'll get paid? If you don't have anything in writing, you don't owe your agent anything. As far as the appraisal being low, it's common for the seller to want to go back to the negotiation table and try to recoup that money they are now losing. Reducing closing costs is one way of doing it. Another might be to reduce agents' commissions. But you have to agree to it! Unfortunately, if you don't then the deal falls through and you lose the house. ... more
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Tue Apr 28, 2015
kalaconstructioninc answered:
You must have made your purchase till now as I can see the question is from August last year. But still I would like to add that you must check all the parameters before purchasing, especially the precautions that have been made to avoid water and fire damage. Hope it helps. ... more
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Mon Jan 26, 2015
kalaconstructioninc answered:
There are a number of foreign national mortgage lenders in Orange COunty some of which have already been mentioned in the thread. You can get in touch with tehm for your requirements. Moreover, you can refer to the local yellow pages as well and get the list of the lenders. ... more
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Wed Jan 21, 2015
Jill Murty answered:
If you're the seller of the home involving the earnest money deposit in question, it sounds like it is within your power to resolve this quickly and close with a new buyer.
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Thu Jan 8, 2015
Sandy Thompson Girolami answered:
You may qualify for an FHA loan if you put at least 10% down. I would try to find a direct lender in your area. They might be able to help you.
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Thu Oct 30, 2014
Robert Chomentowski answered:
I would happy to help you out and analyze your credit. There are a lot of things that can be done to quickly boost your score. But even if your score is low, there are now a lot of options for 3.5% FHA loan even for borrowers with credit scores in the 500's. ... more
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Wed Nov 6, 2013
Claudia Muller answered:
You best act quicly on the 3% down option as this will no longer be available through conventional financing. You will be able to achieve the 3.5% financing with FHA.
FHA will allow you a second FHA mortgage if you are moving to another area.

From FHA Guidelines

Relocation A borrower may be eligible to obtain another FHA-insured mortgage without being required to sell an existing property covered by an FHA-insured mortgage if the borrower is
â– relocating, and
â– establishing residency in an area outside reasonable commuting distance from his/her current principal residence.
NOTE: The relocation need not be employer-mandated to qualify for this exception.

Point your mortgage lender to the FHA guidelines regarding this as it is taken directly from the FHA Mortgagee Guidlines!
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Tue Nov 5, 2013
Brian Nguyen answered:
Your credit score is still acceptable! The lowest credit scores lenders like myself are able to do, is a score of 580. So us lenders would be able to give you a loan if your other finances are in place. It's also important to understand that you're ability to obtain a loan relies on other factors as well. These factors include income, expenses, assets, liabilities, debt, employment, down payment, as well as credit scores. Either way, I suggest you speak with a lender like myself who would be glad to speak with you to help you get the loan that you need. If you have any further questions or if you would like a loan, feel free to contact me. Good Luck! Brian Nguyen Sr. Mortgage Banker NMLS # 659743 Phone: 949.667.2887 brian.nguyen@nafinc.com ... more
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Tue Jun 3, 2008
Tameko Tsunehara answered:
Jacqueline is right that you will have a very hard time finding an SFR at this price, I think what should be emphasized is that in southern california condos and townhouses are not considered "less" good than a house (I mean they certainly can be but there are also a lot of people who prefer them and quite a few 'luxury' condos). I know that coming out of state where houses are hte norm people don't always realize that.

Also if you go to city-data.com you will read a lot of trash talk about santa ana. Santa ana has some beautiful old neighborhoods, its ghetto in comparison to the wealthier parts of OC, but compared to say, a ghetto in chicago, it doesn't even come CLOSE. We're really spoiled here, what we consider dangrous areas aren't really, compared to other places in the US.

Oh and if you have very flexible work hours, south county commutes aren't bad at all , but if you don't you're looking at 45 minutes from mission viejo -- its a short distance but everyone moved down there and now traffic is horrible. My boss drops off the kid at daycare in lake forest and then it takes about 40 minutes to get to wokr here in santa ana - but on a sat morning I can get from here to there in 15 or 20.
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