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Home Buying in Chatsworth : Real Estate Advice

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  • Local Info3
  • Home Buying11
  • Home Selling6
  • Market Conditions2

Activity 15
Sat Mar 25, 2017
Sherrysd.1960 asked:
Sun Dec 4, 2016
Lamontkelly asked:
Yes please help us to find a home that is USDA Approved under 80000 we have looked at a couple homes that were suppose to be USDA Approved and were not at all they had mold and looked terrible.
0 votes 0 Answers Share Flag
Fri Mar 13, 2015
Jeri Patrick answered:
I would contact a local property manager to help you look for a rental. Best of luck.
0 votes 1 answer Share Flag
Mon Feb 3, 2014
Jessica Bateman answered:
Yes, FHA Loans require a 580 score. Check out The Lenders Network, they have lenders that work with 580 scores. Good luck!
3 votes 10 answers Share Flag
Sun Jan 26, 2014
Jkn81312 answered:
Will they lend me money not having Credit?
0 votes 2 answers Share Flag
Wed Jan 1, 2014
answered:
When you decide to purchase a home, the very first step in the process is to get Pre-Qualified. For this, you will need to gather your financial documentation including:

• Two most recent years of W-2’s & Federal Income Tax returns
• Two most recent pay stubs
• Two most recent months of bank statements

This will all be reviewed along with your credit report to determine your qualifications. Once your Pre-Qualification request has been competed, you will know more about your purchasing options.

As one of the largest direct lenders in the country, Prospect Mortgage offers one of the largest selections of loan programs available. In addition to the standard conventional, FHA, VA, USDA, and Jumbo, we also offer a wide range on Renovation loan programs. Our Renovation programs include FHA 203(k) (Streamline & Consultant), HomePath Renovation, and HomeStyle Renovation. In addition, we also have an FHA 580-639 FICO program for borrower with previous credit issues.

Working with a knowledgeable and seasoned loan officer is critical in today's market. Getting Pre-Qualified is the only way for you to find out your options. To get Pre-Qualified for your purchase, you can submit your request online at www.rodneymason.com to get started.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of mortgage lending experience.

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203(k) Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.
... more
0 votes 1 answer Share Flag
Tue Jul 30, 2013
answered:
The actual owner of a foreclosed property can be very difficult to determine. In the end, the identity of the seller makes very little difference to the potential buyer. Only Fannie Mae and HUD offer any type of special financing for their REO properties. Once listed for sale, Fannie Mae or HUD will identify the eligible properties on their individual websites. With all other REO sellers, regular loan programs (i.e. Conventional, FHA, VA, USDA, FHA 203K Renovation, Jumbo, etc) would be used to purchase and finance the property.

When it comes to REO properties, you must wait until the property is actually listed for sale. REO departments of mortgage companies will not talk to or entertain offers from individual buyers. You would have to have Buyer’s Agent represent you in the transaction. All offers to purchase an REO property must be submitted by the Listing Agent assigned to the property.

There is a set process that every REO seller has and uses for each and every property that have. Generally, an REO property will not be listed for sale when there are pending title issues. Also, the seller may be planning to make repairs to bring the property up to minimum property standards so that a buyer can obtain a mortgage. Sometimes, the seller will hold the property off of the market when there is a surplus of inventory. Doing so prevents further depression of the housing prices. There could also be an eviction that needs to take place. Very often, the property could already be assigned to a Listing Agent, but just not quite ready to enter into MLS and place the For Sale sign on.

If you are looking to purchase a property, working with a knowledgeable and seasoned loan officer is critical in today's market. Getting Pre-Qualified is the only way for you to find out your mortgage options. To get Pre-Qualified for your purchase, you can submit your request online at www.rodneymason.com.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of mortgage lending experience.

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.
... more
0 votes 3 answers Share Flag
Tue Mar 12, 2013
martygirl66 asked:
Fri Feb 8, 2013
Roger Maier answered:
Thomas,
I just wanted to follow up to see if you have found what you are looking for. If not I will be glad to work to help you. I can set you up to receive emails with homes specific to your needs. It will notify you of new listing and changes such as price reductions.

Drop me a line at rm2081@gmail.com or on my website if you are still interested.

Thank you.
R)
... more
0 votes 5 answers Share Flag
Wed May 16, 2012
Laquita Baez answered:
Hi Tron, I also am unclear about what exactly is your situation. But i do hope you are able to get it worked out...
0 votes 6 answers Share Flag
Fri May 11, 2012
answered:
You would need to sask your real estsate agent and your loan officer. Only they can give you the answer to your question.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle Renovation | VA | USDA | GA Dream | Jumbo Financing
... more
0 votes 5 answers Share Flag
Fri May 11, 2012
answered:
Once the lender reviews and approves the mortgage, your file will be sent to the USDA for your county. They will underwrite and then issue a guaranty for your loan once all of ther requirements have been met.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle Renovation | VA | USDA | GA Dream | Jumbo Financing
... more
0 votes 3 answers Share Flag
Tue Aug 2, 2011
Cecelia Hayes answered:
130 Briers Ridge, Fayetteville, GA 30214 was on the market for sale, but the owner decided not to sell at this time, so it is now for rent at $2,000.00 a month w/ a $2,000.00 deposit. In the Fayette County School system. It is a 4/5 bedroom, 3 full baths, 3 sided brick home on over an acre lot. Nice big, level private back yard. 2 double fireplaces, 1 in the family room and 1 in the master bedroom. Formal living & dining rooms. New paint & flooring. Beautiful, upscale neighborhood with pool, club house, tennis courts, and park areas (membership included in rent). Also, Fridge washer & dryer included. No smoking or pets. Application fee $50.00, a credit & reference check and employment & pay verification are required. If you have any questions or need more information please call Cecelia Hayes at Prudential Georgia Realty at 770-487-8300. ... more
0 votes 4 answers Share Flag
Thu Feb 24, 2011
Tricia Young answered:
Shelia:

Contact an experienced Realtor who can find properties for your with this criteria and also present your offers to the seller of their Realtor with your specifications

Tricia Young, Realtor
Better Homes and Garden Real Estate Metro Brokers
... more
0 votes 1 answer Share Flag
Wed Apr 30, 2008
Diane Menard answered:
Jessica,

As Lori was saying FHA has made a tremendous come back and we will be seeing a lot of these loans in the upcoming months. FHA does offer 100% loans using the Nehemiah down payment assistance program, which may help you being a first time home buyer and all.

FHA is not so much score driven as conventinal loans and usually anything above 620 will usually get you a loan, My lender has done loans with FHA for my clients that have only had a 580 so it can be done, but of course please speak with a lender and get their advice.

Also, being a first time home buyer you do want to hire an agent to work on your behalf. There is no charge for this service and they will be able to guide you through the entire buying process because the last thing you want to do is have to worry about what to do next. Hire a reputable agent, sit back and enjoy the home buying process. It does not have to be a stressful situation whatsoever.

Good Luck in your new adventure and Congratulations
... more
0 votes 2 answers Share Flag
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