Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Home Buying in 94115 : Real Estate Advice

  • All37
  • Local Info3
  • Home Buying14
  • Home Selling5
  • Market Conditions0

Activity 13
Mon Aug 1, 2016
jeronomous asked:
Mon Feb 29, 2016
Karen and Paul Catania answered:
They are only responsible if they are the ones who stole it. Your odds of having your car stolen in a gated area are much less than not being in a gated area so you are one step ahead of the games already. Sorry that happened to you and I wish for a quick recovery of your car. ... more
0 votes 2 answers Share Flag
Tue Apr 14, 2015
Sheryl Arndt answered:
Hello hinling, yes you may qualify for less down payment depending on home price and fico scores.

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 will need to be pre-approved if you decide to buy to be able to meet an agent to view and submit offers on any homes of your choice. Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, home price, loan program and how much you want to invest into the down payment and closing costs.

You may qualify to buy FHA with fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down or as low as .5% half percent down payment program. You may consider 3% down conventional from a minimum 620 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
22+ Years Experience
BRE# 01140252
NMLS# 297251
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7 or

If my response was helpful, consider clicking Thank, Link or Best Answer.
... more
0 votes 6 answers Share Flag
Sun Aug 31, 2014
Susan Dakdduk answered:
A condo building that has recently sold parking spaces without the housing units is in South Beach at Townsend and 2nd. There have been 4 sold in the past year between $80K & $85K...which made news around the country!
Susan Dakdduk
Sotheby's International Realty
BRE # 01714089
... more
0 votes 4 answers Share Flag
Wed Oct 31, 2012
Kathleen Gilheany answered:
A correctly executed master tenant sub tenant agreement is required. A primary component of this agreement, is that your housemate must have agreed to these terms prior to occupancy. Talk with a lawyer. ... more
2 votes 4 answers Share Flag
Sat Nov 13, 2010
Rudi Hofmann answered:
Read your other post.

I would be happy to issue you a Preapproval Letter and give you an unbiased opinion on comps through DataQuick when you are seriously ready to find a new home in the "city."

Happy funding, Rudi
... more
0 votes 17 answers Share Flag
Wed Jun 23, 2010
Lance King answered:

As others have pointed out, "good area," is a very subjective term. The first step is finding out what you can afford as that will frame your search as prices vary fairly drastically from one neighborhood to another. If you need a recommendation for some reputable lenders send me an email. This a very important first step as there is little more disappointing for any buyer than to find a place they love and find out they can't afford it.

Once you know your price range, find a good Broker to help you refine your criteria and focus your search on areas that you are likely to find something in your price range that works with your lifestyle.

Best Regards,

Lance King/Owner-Managing Broker
DRE# 01384425
... more
0 votes 9 answers Share Flag
Fri Jun 18, 2010
Christopher Pohlman answered:
Hi Spencer,

HUD (Housing and Urban Development) has a very user friendly site.

Click on this link and complete the information it asks for. Some condos that are not on the list can be approved for FHA loans but must meet certain requirements.

... more
0 votes 5 answers Share Flag
Fri Jun 4, 2010
Spencer answered:
dawn, I would expand you price target a bit. Most properties that are now sellng for about 20% under 1st list price. If you are looking to spend $600K at max, you may consider include properties up to $750K in your range. The market is still falling in many areas of SF and Lower Pac Heights is no exception. For any property that is sitting on the amrket for awhile, you may wwant to aggressively underbid.

You may also want to wait until the market settles a bit. While now is much better time to buy than anytime in 06-09, it still may not be a great time. Unless you really want to hold for 10yrs or more, you may want to wait for at least another year
... more
0 votes 9 answers Share Flag
Sun May 23, 2010
Dianne Hicks answered:
They need to assure themselves of the risk they are taking when lending money. Although they are lending they have absolutely stepped up to make sure they think you are qualified. I do not hear much about asking your future, usually they just verify your employment but they could.

Good Luck!!!
... more
0 votes 2 answers Share Flag
Sat Aug 30, 2008
Rob Regan & Ciara Piron answered:
Assuming you are referring to fractional financiing on a TIC in a 3+ unit building, your options are pretty limited. There are only 5 or 6 TIC lenders who do fractional loans, and only a couple of Brokers who specialize in them. The largest of the TIC lenders, Sterling Bank, recently announced that they would not work via Brokers anymore, they'd only deal with Borrowers directly, so if you are working with a Broker you may need to call Sterling directly.

I did see your other question about whether or not 7% was high. It does not sound high since normal Jumbo loans are in the high 6's right now, and TIC loans are often 1% higher than normal loans. But if you shop around with Circle Bank, Sterling and with one Mortgage Broker, you'll be able to compare apples to apples. In terms of understanding the mortgage process i recommend the book "Mortgage Ripoffs and Money Savers".
... more
1 vote 2 answers Share Flag
Fri Aug 29, 2008
Peter Brunton answered:
Hi Rebecca,

Simply put there is more perceived risk for the bank; thus the higher rate. Shop around though and ask friends if they have any specific contacts in the lending industry because I have heard of fractional rates under 7%. ... more
0 votes 3 answers Share Flag
Search Advice