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Financing in Fairfield : Real Estate Advice

  • All164
  • Local Info13
  • Home Buying51
  • Home Selling8
  • Market Conditions8

Activity 3
Wed Mar 22, 2017
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
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Fri Sep 2, 2016
Rich Reed answered:
You could try working with the CFPB.

Best of luck!
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Thu Jun 20, 2013
Jim Simms answered:
If it was truly a bank error it won’t make any difference. You are allowed to submit any documentation that supports your loan application. A letter signed and dated by the branch manager on bank stationary should eliminate the problem. An underwriter is also allowed to ask for anything when they decision the application. If you gave me a letter like I just described I would ask for the previous two or three months of bank statements to see if there were any similar entries on the previous months, if not I would accept the letter and move on with the approval process. Good luck,

Jim Simms
NMLS # 6395
Financing Kentucky One Home at a Time
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