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Fairfield : Real Estate Advice

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  • Local Info13
  • Home Buying51
  • Home Selling8
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Activity 170
Yesterday at 7:10pm
Sheryl Arndt answered:
Hello orshi.corpos, it depends on if you owned it 5 years or more and if the home you are speaking of is a rental or primary residence. Scenarios can be discussed as to down payment programs choices and fico scores requirements so you can make an informed decision.

The purchase in 94534 zip code for a 3bd 2ba single family home start from 370k.


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. You will need 20% down to purchase over 2.5 million.

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 Mar 9, 2017
Kamoshi1 asked:
Mon Jan 30, 2017
SSC answered:
Put the complaints in writing and mail it to them. You are protected under California Civil Code Section 1927. Be mindful that this is a law that your complex has to adhere to. Also, know that not all things stated in a lease are enforceable or are limited to what is in the lease. The law supersedes. Everybody has a right to quiet enjoyment. If it is not quiet and the landlord does nothing, record it, have others witness it, call the building inspector to see if corners were cut with insulation, and sue in small claims. You can sue for the value of the apartment being less than fair market value related to noise and lack of enjoyment, all moving costs, emotional distress, etc. ... more
0 votes 3 answers Share Flag
Sun Jan 29, 2017
Sheryl Arndt answered:
Hello Ann, there are only apartments, condos and townhomes in that price range in Fairfield. Here are some choices up to $1,500 monthly rent.

http://www.realtor.com/apartments/Fairfield_CA/price-na-1500

The purchase in Fairfield start from 145k for 2bd 2ba condo and the single family homes start from 264k for 2bd 1ba home. Your mortgage payment would be affordable with the condo but your payment would be about $1,400 with just your principal and interest with a down payment and closing cost assistance program.

You should check with the local rental management companies. Although, you could buy with less out of pocket than first, last and security of any rental.

You should study RENT vs BUY options as you may qualify to buy and pay less than rent in many local cities. You may qualify to buy with minimum out of pocket expenses and pay less than rent.

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.

If you decide you want to buy you will need to be pre-approved to be able to meet an agent to view and submit offers on any homes of your choice. You will need to gather some documentation for each applicant.

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 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 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.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA/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
Mon Jan 23, 2017
seeking an apt answered:
I am looking for a home I am prequalitied and have the letter to prove it. I have not found a home and I have not made an offer. The agent insisted the letter needs to be to fax it to the other agent before I even walk into the house. I know how much I want to spend but I was given 2 letters. One very high and the other I asked for to be very low. I feel if I show the high letter I will not have leverage since the seller will say she can afford it. According to the Fair Trade Act a agent can not discriminate against me because I refuse to show a letter before I walk into a home. Also my mortgage agent who is not the realtors told me to ask for the disclosure before making an offer. If the roof leaked there may be a possibility of mold. If they had wood destroying insects that could affect the structure. Never Never let the realtor distract you from looking at the property. I have seen discoloration on the ceiling meaning there was a leak and a leak could mean mold. I check the AC/HU and if I see it is freshly painted I touch the area it is sitting on to see if it is wet. Wet means leaking Dirty vents means they they never changed the filter. Mold is mold and to remove it properly it will cost you 14,000 to 24,000. Black Algee in a pool is also a problem that is a 10,000 and up cost to take the diamond bright off and clean the gunite and re diamond bright. Never Never use the realtors man they charge you extra and they realtors get a kick back. Also shop around. I have seen IKEA kitchens which are cheap and they are charging you for a level 10 kitchen. Go shopping. I am a stagger and I know the tricks. Most Realtors hate me because I do the hiding of home problems for them and they will say I didn't know. ... more
0 votes 16 answers Share Flag
Sun Jan 1, 2017
Dvdgainey answered:
i got into a wreck in sept 16 16 and my bills are going out of control but will be back to work on jan 9 17. just nedd a loan on land until back to work and got my settlement soon and will pay it off. it is for consolidate the bills i have or pay some off . can i get help with this? ... more
0 votes 5 answers Share Flag
Thu Dec 29, 2016
Scott Godzyk answered:
It depends how you set up your listing contract. In most cases other agents contact the listing agent direct to show. If you hire a discount broker, most likely other agents will contact you. Ask your listing agent is the best advice and tell them how you want it to be ... more
0 votes 1 answer Share Flag
Wed Oct 26, 2016
Katonja Neal answered:
Awesome! Why not.? That's more exposure for the property and who knows maybe that will be the day someone walks in and says, "I've got to have this house". SOLD! That's the point right? I love it and I am all for it. ... more
0 votes 23 answers Share Flag
Sun Sep 4, 2016
Richard Rodness answered:
No, we do not have any section 8 properties.
0 votes 3 answers Share Flag
Fri Sep 2, 2016
Rich Reed answered:
You could try working with the CFPB. http://www.consumerfinance.gov/complaint/.

Best of luck!
0 votes 1 answer Share Flag
Mon Aug 15, 2016
Angelica P answered:
Hello,

We are a real estate search engine so we don't represent the homes found on our site. Please follow these steps to begin your home search:

1. Click the 'Rent' tab at the top of our homepage.
2. Enter your desired city and state in the search bar and hit Enter.
3. Click 'Max Price' to select what your highest price would be to pay for a home. Click 'Min Price' to set the lowest price you would pay.
4. Select your preferred property type, square footage, allowed pets, etc.
5. Click the orange 'Done' button.

This will begin to pull up listings that are more tailored to what you are looking for.

If you are interested in a listing, click on the "Request Viewing" button. You can also take advantage of our vast network of agents here:

http://www.trulia.com/directory/

We hope your experience with Trulia is memorable and thank you for using Trulia for all your real estate needs.

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!

Angelica
Consumer Care Advocate
... more
0 votes 1 answer Share Flag
Sun Jul 24, 2016
Susan Roddy answered:
Stay away from Realtor.com. I signed up in August 2015. Big mistake. I was told I'd get a minimum of 4 'quality leads' a month. The zipcode I chose cost $142 a month. I've never got more than 2 leads a month and they are no better than Trulia/Zillow leads. I first complained in February 2016. They offered me a free month's extension to catch up. I wanted my contract terminating as they do not deliver. The person said we don't give refunds.

A quick search on the internet reveals several complaints from agents throughout the country saying the same thing. You do not get the number of leads they said you would.

Once they have your money, they don't give a damn!
... more
2 votes 17 answers Share Flag
Wed Jun 15, 2016
Gaurav Hardikar answered:
Thu Jun 2, 2016
ms.toni81 asked:
The city of Fairfield will deposit the rent into the owners account or send a check. Payment is made on time every month.
0 votes 0 Answers Share Flag
Mon May 16, 2016
answered:
I have two programs that will allow you to buy after one year. One is an FHA program and requires you to take a class. The other is a nonconforming loan. The payments are about the same either way.

Now if you had no late payments during the short sales sometimes we can bypass that as well.

Call me if you want more info at 714-968-2500

Lic 287206 equal housing lender


If you are a mortgage broker and want o offer loan like the non-conforming loan described above please call me to get a package of information. It goes to 100% LTV, Easy guidelines, and alt doc programs are available.
... more
0 votes 1 answer Share Flag
Sat Feb 20, 2016
Invstnlfp answered:
I work for a direct lender in the mortgage industry who offers conventional, FHA VA, and USDA loans in 47 states. Are lowest score we accept for government loans are 550 when most lenders require a 620 and brokers a 580. It has to be on a permanent foundation, built after 1976, with land included.You have to have two years of income with a score over 550 with bankruptcies discharge date 2 years and over. We have basic guidelines and a pretty easy process. Feel free to text me or call me anytime up to 10:00pm Eastern with any questions.
Brian Young 214-797-3479. NMLS#902687
... more
0 votes 4 answers Share Flag
Thu Jan 28, 2016
Kathy Burgreen answered:
As a former realtor Derek's reply is a lot smarter than Shane's reply. Obviously Shane did not read your statement "(I can pay less down, but can't necessarily handle a big monthly payment. Other side: I can't put enough down to lower monthly cost). All of Shane's ideas WILL result in higher monthly costs. The truth is unless you put down the full 20%, lenders will charge you extra - whether it's FHA or conventional, whether it's 3%, 5% or 15%. It's still not 20%.

Therefore, the best and smartest way is instead of looking for homes with a $375K price tag, search for homes that cost $350K or less - perhaps closer to $300K. You should consider a condo instead. You can find a nice updated condo that will be affordable for the same price as a house that will need work and lots of money to fix it.

Since it appears you have time before buying, start cutting your expenses to the bone, pay off any outstanding debts and save as much cash as possible. In addition to the down payment, you will also need cash for closing costs.
... more
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