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Home Buying in 95391 : Real Estate Advice

  • All66
  • Local Info1
  • Home Buying25
  • Home Selling1
  • Market Conditions1

Activity 24
Mon May 8, 2017
Sheryl Arndt answered:
Hello Ehsan, did you include a pre-approval letter from a Lender like myself so you can view and submit offers on homes of your choice. 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 may consider FHA 3.5% down from a minimum 580 fico score and from 3% down conventional from a minimum 620 fico score 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 3 million.

The purchase in 95391 zip code of Tracy start from 349k for 3bd 2ba single family home. 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.

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.

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
... more
0 votes 1 answer Share Flag
Thu Feb 18, 2016
Taj Weldon answered:
The approximate tax rate for Mountain House is approximately 1.0% and add an additional 0.5% for a total of 1.5% which includes the special taxes.
0 votes 7 answers Share Flag
Mon Aug 11, 2014
Claudia Muller answered:
Hi Diea,
The new lender will require an appraisal on the FL home (the departing residence).
Should the property have less than 30% equity, then the rental income cannot be counted.

With that appraisal, there will be a rent schedule requested. We would utilize 75% of that rent to qualify you for your new home.
You will be required to provide a copy of the current lease and a copy of the deposit or first rent check received from your renter.
Let me know if you need additional information.
... more
0 votes 4 answers Share Flag
Mon Aug 11, 2014
Claudia Muller answered:
I see you are located in Nebraska. California does not have many, if any, properties for that purchase price.
But...if you are obtaining conventional financing, regardless of pruchase price, you will need an appraisal. An appraisal ascertains for the lender that their collateral is worth what they are lending on for you.
All other inpsections would be your option.
... more
0 votes 3 answers Share Flag
Mon Aug 11, 2014
Claudia Muller answered:
The best resource for the second would be a bank or credit union.
The brokers and bankers are very limited to what products we have to offer.
Most will only allow us to obtain a second for a borrower simultaneoulsy with a first. ... more
0 votes 2 answers Share Flag
Tue Apr 8, 2014
Ali Qureshi answered:
The first step really is t get pre-approved and learn before hand which program is right for you. Once you have identified a loan program then you should start looking for properties. It is a great market and a great time to buy a house with so many loan programs available. ... more
0 votes 7 answers Share Flag
Sun Jan 19, 2014
Thomas A Hug answered:
Tue Nov 5, 2013
Ali Qureshi answered:

7 years is a long period of time. Everything else on your application seems to be very strong for example you income etc. considering other variables are in place for example you didn't miss any payments in the last 12 months or any fireclosures in the past 24 months, you should be fine. ... more
0 votes 4 answers Share Flag
Sun Nov 18, 2012
Henry Brooks answered:
You will have much better luck with a conventional loan as sellers generally choose conventional over others due to appraisal and inspection concerns. Feel free to reach out to me for more information and I would love to help! Your friend & Realtor, Henry Brooks ... more
0 votes 7 answers Share Flag
Sun Jul 1, 2012
Addi Jamshidi answered:
Mountain house properties have started to go up fast. With interest rates down, and employment improving (or at least an increase in consumer confidence around the Bay area), people are moving away from San Jose area to Mountain House for far affordable Brand New Homes.

Mountain House seems to finally have its day under the sun. This reminds me so much of silver Creek in South san jose, a few years back, or Irvine back in late 90's.
... more
0 votes 9 answers Share Flag
Wed Jun 29, 2011
Ramon Concepcion answered:
Due to the value drops in those areas over the past few years it has become a prime area for investment, and home ownership. The influx of short sales and foreclosures in those areas though have led to making them also prime areas for rentals since some of those home owners are now becoming renters.. Since the rental markets in the Tri Valley are averaging $2000/month on the low end and the average rent in Tracy/Mountain House is about $1500, it's a $500 savings to the renter. Now the location also falls into play as some of the newer 4+bd/2+bth homes can rival the lower end markets in Dublin/Livermore, and with the expansion of lanes on 580 people are still viewing Tracy/Mountain House as viable areas for living. The newer homes built in 2000+ will rent faster then the older community you find near downtown Tracy, but the single family homes to the west of 11th street also have a lot of appeal. ... more
0 votes 5 answers Share Flag
Sun Jun 5, 2011
Luz Martinez answered:
The last Selling sales date in record is 09/22/2009, and the sells price was $255,000.
Luz Martinez Modesto, Ca 95350
0 votes 4 answers Share Flag
Thu May 19, 2011
Gevon Polgar answered:
Funny that I just saw this... A lender I was just working with forwarded me a program today just for you.
He just asked me if I had any clients that fit this description as they are offering the following... Feel free to contact me to discuss further.

Credit is not pulled,
No socials needed,
no US bank accounts needed,
no working visa’s needed,
50% LTV
... more
0 votes 3 answers Share Flag
Fri Oct 1, 2010
Monir Mamoun answered:
Hi Job, you should really check with the local Mountain House police and sheriffs departments for this data. They will have the most accurate information. A realtor can't really give you a fully "legal" opinion on this issue for a variety of reasons related to real estate laws and professional liability.

If you need a referral for a really great agent in your area, please contact me through the trulia form.
... more
0 votes 7 answers Share Flag
Wed Sep 8, 2010
Romeo B Torres answered:
Hey man,

If those profiles laid out to you does not meet your expectaions from an agent, just let me know.

if you are serious, i'll be glad to help you out.
0 votes 7 answers Share Flag
Sun Apr 4, 2010
Buyer answered:
I would highly suggest you visit the great Valley area during summer. You can barely stand outside most of the summer due to wind! you ahve to experience it. We have family there are they regret building a pool, cause they really cant use it :). Its got a great view but it way too windy ... more
0 votes 5 answers Share Flag
Thu Mar 25, 2010
Louwu answered:
Shop for something that's SS approved. It's like buying something at the mall - one price, no waiting.
0 votes 3 answers Share Flag
Sun Apr 26, 2009
David Cheung answered:
Let's look at the facts, I checked the Metrolist MLS for all the homes sold during the last 12 months. 32 out of the 260 single homes sold were listed as short sale. In term of the short sale success rate, only about 32 out of 132 short sale listings in Mt. House got closed. That's about 24% closing rate.

For buyers, it means it is ok to make an offer for a short sale, but PLEASE, PLEASE don't get attached to a short sale listing. Your chance of getting it might be less than 25%.

Those numbers do not include homes listed on other MLS like Bay East or
... more
1 vote 5 answers Share Flag
Tue Apr 14, 2009
I have several Short Sale listings that have had Notice of Default filed on them. It takes 179 days from Notice of Default prior to actual sale. I've also had every sale date postponed when there is an offer that has been submitted.

Third party sites are not accurate. One of the biggest 3rd party web sites lists a home on thier site when there is a tax lien, translated, when the property taxes are not paid.

Check with your agent, they can check the tax records directly.

Good luck and be patient!
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0 votes 2 answers Share Flag
Mon Feb 2, 2009
Rosejains answered:
In January 2009, the minimum down payment for an FHA mortgage was changed from 3 percent to 3.5 percent. In early 2010, an added level of down payment requirement was established for prospective buyers with low credit scores. An FHA mortgage for a borrower with a credit score of less than 580 requires a 10 percent down payment.

Web Reference:
... more
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