Old question...new answer.
30% down with two years of bank statements for business income or standard 2years W2s and current paycheck stubs.
We look at credit scores down in the 500s,
What or which agency administratves mellow roos?
For instance, a buyer wants to know exactly what mellow roos pays. For schools, streets and what else. Areas w/o mellow roos are taxed for school bonds. Does school bonds or funding paid through the mellow roos?... more
definitely the view, every time. I have lived in many homes, and a view uplifts your heart and makes you feel expansive. Must go back to caveman times, standing on a ridge surveying your domain... more
I too have come across this stigma, I am a older person with limits funds, and minor disabilities. It seems that the words "Section 8" makes you out to be some kind of monster. For me, I cherish the properties that I have liven in... it is my home and for that I want to take care of it, and have a safe and quiet home. So I report problems, and put in maintenance request so that things do not become problems and for that some management label you and ignore you. I wish that properties would understand that not ALL SECTION 8 People want to destroy and steel and make trouble, but live a safe and quiet life in a home that does not need fixing all the time. Life is hard, we do not want more of it.... more
Any private money lender/hard money lender should be able to work with a 65% loan to value. Private money rates are currently around 8-10% depending on the lender and situation. Much higher than conventional but the loans are easier to obtain and can fund much faster. https://www.northcoastfinancialinc.com/private-money-lenders-private-money-loans/... more
Yes, yes and yes in CA 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.
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.
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
NMLS# 297251... more
If you are house hunting, or planning to sell, in the Omaha, Nebraska metro area (located near Offutt Air Force Base) we have a Military Assistance Program that not only meets, but exceeds the USAA Movers Advantage refund, and no one benefits other than the buyer/seller. Feel free to contact us directly;
All I can say is that I have been a resident here in San Ramon for more than 10 years, you cannot go wrong a home or a townhouse in San Ramon. Due to lack of inventory, that is driving the prices up. I can honestly say that while prices are up, rates are still very low. Best suggestion is to take a look at some of the homes in San Ramon and see what fits your needs and your current lifestyle. One of the advantages of a Single family home is most won't have HOA (Homeowners Association Fee) All Townhouses will have them.
Hope this helps. Call if you have any other questions, glad to help!
The new lender will utilize 75% of the rent schedule the appraiser calculates. This will be used as extra income for qualifying for that rental.
You may put as little as 15% down on an investment property.
You will need to show 6 months cash reserves of PITI for each property.... more
Yes, this is a possible option for you. You may be able to take out cash from your IRA for a down payment, but the penalty may depend on your age since there is an age restriction to pulling out money. Also, there are other low down payment mortgage options that you should consider if you want to avoid taking out money from your IRA. FHA mortgage have options as low as 5%. Either way, the best thing for you to do is to speak with a knowledgeable lender to see if you can get started on financing a new home. If you need additional assistance, feel free to reach out. Good luck!
Sr. Mortgage Banker
NMLS # 659743