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Home Buying in Galt : Real Estate Advice

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  • Local Info1
  • Home Buying7
  • Home Selling1
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Activity 8
Sheryl Arndt, Real Estate Pro in Woodland Hills, CA
Thu May 12, 2016
Sheryl Arndt answered:
Hello Horsefancy, you may qualify ONE DAY after a short sale, foreclosure or deed in lieu with 20% down and minimum 660 fico score and from 25% down with a lower score.

You may qualify FHA 3 years after a short sale, foreclosure or deed in lieu from 3.5% down or for minimum out of pocket expenses with the 3-5% Sapphire Grant down payment assistance program.
You would need 4-7 years after a short sale to qualify conventional depending on the banks.

You will need to gather documentation such as one month paystubs, two month bank statements, last two year tax returns, 1040's, 1099's, W2's and all schedules, copies of drivers license/ID and social security card for each applicant.

You will need to be pre-approved to be able to meet an agent to submit offers on homes of your choice. You will need to gather documentation such as one month paystubs, two month bank statements, last two year tax returns, 1040's, 1099's, W2's and all schedules, copies of drivers license/ID and social security card 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.

It only takes a few dozen questions to qualify, go over your options and email you listings to study and consider. Here are some links to study about me as well as web reference links to many loan programs...

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA or CalVet loan specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ 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
... more
0 votes 17 answers Share Flag
Sheryl Arndt, Real Estate Pro in Woodland Hills, CA
Thu May 12, 2016
Sheryl Arndt answered:
Hello Rosemarypizza, yes you may qualify ONE DAY after a short sale, foreclosure or deed in lieu with 20% down and minimum 660 fico score and from 25% down with a lower score.

You may qualify FHA 3 years after a short sale, foreclosure or deed in lieu from 3.5% down or for minimum out of pocket expenses with the 3-5% Sapphire Grant down payment assistance program.
You would need 4-7 years after a short sale to qualify conventional depending on the banks.

You will need to be pre-approved to be able to meet an agent to submit offers on homes of your choice. You will need to gather documentation such as one month paystubs, two month bank statements, last two year tax returns, 1040's, 1099's, W2's and all schedules, copies of drivers license/ID and social security card 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 may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down. You may consider a 3%-5% Sapphire Grant down payment program up to 417k from a minimum 620 fico score which does not have to be repaid.

It only takes a few dozen questions to qualify, go over your options and email you listings to study and consider. Here are some links to study about me as well as web reference links to many loan programs...

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA or CalVet loan specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ 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
... more
0 votes 2 answers Share Flag
Kimberly Fite, Home Buyer in New York, NY
Sun Jul 19, 2015
Kimberly Fite asked:
Claudia Mull…, Real Estate Pro in Fremont, CA
Thu Jan 9, 2014
Claudia Muller answered:
Hi Airman Scott,

I was just discussing this scenario with another Veteran yesterday.

As a disabled Veteran, you will not have to pay any of the VA funding fees.
There is also a break for disabled Veterans on their property taxes.

Please give me a call at: 510-303-1174 to discuss or email me at claudia@divmg.com.

You will need to have a termite and roof report for this transaction. This is perfect for you as you will be doing the work that is necessary with your funds.

I hope to hear from you soon!
... more
0 votes 10 answers Share Flag
JCL Mortgage, Real Estate Pro in Sacramento, CA
Mon Aug 26, 2013
JCL Mortgage answered:
My NC Homes…, Real Estate Pro in Chapel Hill, NC
Thu Oct 13, 2011
My NC Homes Team answered:
I'd suggest you proceed slowly and with reasonable expectations. I'd also look around for a very experienced by broker who works with investors and can offer you guidance. I've attached a link below on how to find such a buyer broker.

The general rule of thumb I suggest to my investor clients is 10 years gross rent is maximum acquistion cost. In other words if a property will rent for $1,500 a month , that's $18,000 a year or $180,000 maximum purchase price. Obviously if you can find a home that offers this type of rental income for under $180,000 that's to your advantage.

The other advice I'd offer any new real estate investor like yourself is never procrastinate when it comes to collecting rent. Someone should be knocking on the door the moment the rent is more than 24 hours late. If they don't collect the rent right then and there, you should immediately start the eviction process. You can always stop it, but never under any circumstances procrastinate.. Tenants must pay rent on time or they must go there's no middle ground if you're going to be counting on this money for your cash flow.
... more
0 votes 7 answers Share Flag
T Zamora, Other/Just Looking in Denver, CO
Thu Feb 11, 2010
T Zamora answered:
Hi Pauline, this home is located in the desirable east side of Galt. The home prices are going a little less than what you see in Elk Grove. Galt is a quiet small community that is a great commuter town for those that work in Sacramento or Stockton. The homes range from around $85 up to $110 per sq. ft. in this neighborhood. Close to schools and the new high school also. ... more
0 votes 1 answer Share Flag
Daniel,  in Baton Rouge, LA
Sat Jan 24, 2009
Daniel answered:
either you make the money necessary to buy a home or you dont

dont write down so much and qualify
0 votes 6 answers Share Flag
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