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Home Buying in Escondido : Real Estate Advice

  • All189
  • Local Info11
  • Home Buying53
  • Home Selling8
  • Market Conditions3

Activity 74
Thu Mar 23, 2017
answered:
Hello Hwimbrough62516, they are hard to find in this market. Why are you inquiring for an owner carry? You may already qualify for financing? Do you have down payment and closing costs or do you need down payment and closing cost assistance programs?

The purchase in Escondido start from 175k for 2bd 1.5ba condo, from 269k for 3bd 2ba condo and up. You will need more out of pocket to purchase a mobile home and you also have space rent.

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.

You may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down up to 424k. You may consider 3% down conventional from a minimum 620 fico score or even 5% down conventional with NO Mortgage insurance (Lender paid MI) up to 424k.

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.

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 or CalVet loan specialist
REO and Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
... more
0 votes 1 answer Share Flag
Thu Aug 18, 2016
Neil Roxas answered:
Hello,

Thank you for contacting us. Unfortunately, we didn't get enough information about your problem to resolve the issue. Please provide us with your complete property address.


For future reference, you can feel free to contact us about this type of inquiry through our contact form here:

http://www.trulia.com/help/ask/

Thank you for using Trulia!

Neil
Consumer Care Advocate
... more
0 votes 1 answer Share Flag
Thu Dec 17, 2015
Victory Property Management answered:
If you do not have much money coming in, how would you expect to make the mortgage payments, taxes, insurance and the like? A lender will not loan out money - no matter how much equity you have - if you cannot make the payments.

Perhaps you should purchase a home with a sales price of $300,000 (or less) and then once you are finished with school and have jobs, you can turn your $300,000 into a rental or sell it for a profit and invest in your $700,000 home.
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Thu Dec 10, 2015
Amelia Robinette answered:
Is your name still on the loan? Just because you're not on title, doesn't mean you're not still on the mortgage.

Check your eligibilty for another VA loan: http://www.benefits.va.gov/HOMELOANS/purchaseco_certificate.asp

Don't rely on us randomly answering your question on a public forum - go to the source and find out before you start dreaming of a new house and another VA loan.
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0 votes 2 answers Share Flag
Thu Dec 3, 2015
Eeeric asked:
Hello, I purchased a home in Southern California a little over 2 years ago. I purchased the home for a listing price of 2700 sq feet at $99 per sq foot. Recently, I was approached by city…
0 votes 0 Answers Share Flag
Sun Nov 22, 2015
Ricki Lynn Miller answered:
HI JesseJames,
Hopefully since you've posted this question, you and your Girlfriend have had the ability to pull up your Credit Score up; congrats on getting that debt paid.
If your still working on your Loan qualification, good for you for sticking with it. Rates are Super, and buying a home is the single biggest financial decision you can make.
If you need any help, please feel free to call or email me. No pressure or Obligation.
Happy New Year, and Thanks for Using Trulia.
Realtor Ricki
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0 votes 6 answers Share Flag
Sun Nov 22, 2015
Cindy Davis answered:
Good for you Andrew for paying off your debts. Generally, it can take 30-60 days to see this reflected in your credit score. Most lenders however, have access to a system called 'rapid re-score.' Get together with a reputable lender in your city and ask to have that done for you...it will cost a few dollars, but will allow you to use your credit sooner. ... more
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Sun Nov 22, 2015
Tim Moore answered:
While many things are possible, I think you will have a very difficult time finding a lender to allow it.
0 votes 1 answer Share Flag
Sat Nov 21, 2015
Famfive2003 asked:
Sat Oct 10, 2015
Terry Chan answered:
Hey Shari,

There's a couple in Escondido where you also own the land. Some are 55+ communities. Please reach out if you would like me to send you any of these properties from the MLS.

Thanks,
Terry
BRE 01982388
Me@Terrychan.co
858.964.2168
... more
0 votes 1 answer Share Flag
Mon Aug 24, 2015
answered:
So looking at it, it appears that it is pending at that price and that Zillow felt that it was worth $387,000. Trulia is reflecting the $350, 000 price.

Remember Zillow bases it on past sales and Trulia tries to project the price base on the trend. (Or so that is what it appears to me.)

But neither Trulia or Zillow actually looks at the property and the actual value can swing by $100,000 or more base on condition.

I would say that cutting the price by $10.000 would be enough to sell a home that has had a death in it. The value seems to be more than $30,000 less.

So that is too much of a cut for there being a death in property. It may be reasonable it you take into account the condition.

Of course it is hard to say having not seen the property.
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0 votes 1 answer Share Flag
Fri Jun 26, 2015
Adam Kelley answered:
Work with a creative lender, in this situation possibly a loan broker... I have 2 if you need.
0 votes 9 answers Share Flag
Tue Apr 14, 2015
answered:
Hello spellsm, you are fine. What type of loan and rate do you currently have and do you know your home value? Are you looking for just a rate and term or do you need cash out too?

It only takes a few dozen questions to go over your options. 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
760-486-4225
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7
Under640FicoScoreLoans@gmail.com or HomeLoans4U@live.com
http://youtu.be/MrygA2_8fAY
http://www.trulia.com/profile/SherylArndt

If my response was helpful, consider clicking Thank, Link or Best Answer.
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0 votes 1 answer Share Flag
Wed Mar 25, 2015
Gerald Feenstra answered:
Hello,

If you're unable to get this issue resolved, I recommend contacting Trulia Customer Support. They can be reached at: 1 (888) 466-3501 and should be able to assist you with any issues you're experiencing.

Gerald Feenstra
... more
0 votes 1 answer Share Flag
Sat Feb 28, 2015
Dawn Beaudoin answered:
It really is important to use a realtor , I do not charge my buyers a fee to use my services and many of them come to me as renters and even if they cannot buy at that time I can get them with a lender who will help them fix their credit and putting them in the best position to buy in the future. I also work with property management companies to help some of my clients ... more
0 votes 4 answers Share Flag
Sat Feb 28, 2015
answered:
Hello Julie, no there is not any way to verify whom is putting up the rental scams on this site. When you are speaking of a low rent it sounds like a scam. You did not include a link or address to know which house you are talking about to flag it? You should flag it to be removed.

Beware of the many rental scams out there these days on all sites. The scams are on all of the rental listing sites except one that us agents/broker use such as mls, multiple listing service. You should not give anyone any funds or personal information without confirming with a licensed agent/broker or management company to find out whom you should be dealing with and the status of any address of interest.

The rentals in Escondido start from $650 for 1bd 1ba condo and the single family homes start from $1,650 for 3bd 1ba home. The purchase start from 99k for 1bd 1ba condo and the single family homes start from 175k for 1bd 1ba which is as low as $900 down payment with a minimum 580 fico score. If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment you are looking to achieve you can be emailed listings to study and compare.

You should study RENT vs BUY options as you may qualify to buy with minimum out of pocket expenses and pay less than rent in many cities. 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. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

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 the web reference link with many pages to study...

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
20+ Years Experience
BRE# 01140252
NMLS# 297251
760-486-4225
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7
Under640FicoScoreLoans@gmail.com or HomeLoans4U@live.com
http://youtu.be/MrygA2_8fAY
http://www.trulia.com/profile/SherylArndt

If my response was helpful, consider clicking thumbs up or Best Answer!
... more
0 votes 1 answer Share Flag
Tue Dec 30, 2014
John Arendsen answered:
You are absolutely right Giang. It will cost you a bit of money. But if you like the home and really want it that's a small price to pay for due diligence. Escondido, as most of San Diego, consists of very volatile soil conditions.

You could be dealing with an expansive clay issue or a cut and fill issue in which case the imported fill was not indigenous soil and therefore not compatible with existing soil or was not compacted sufficiently. Tree roots are also notorious for heaving foundations and cracking slabs.

You definitely need to consult with a soils engineer and follow thier recommendations or move onto another property. However, don't expect it to be problem free if it's in North San Diego, on a hillside or in a low spot.
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