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Los Angeles County : Real Estate Advice

  • All508
  • Local Info30
  • Home Buying263
  • Home Selling32
  • Market Conditions12

Activity 12,207
Yesterday at 12:17pm
Deannadsims asked:
Yesterday at 12:14pm
Deannadsims asked:
Yesterday at 10:38am
Cindy asked:
0 votes 0 Answers Share Flag
Yesterday at 8:18am
Hannahkramer asked:
Hi, I'm the listing agent for 4932 Bluebell Ave Valley Village Ca 91607 The post that went up is incorrect, please confirm you have deleted asap! I will repost after with correct info
818-669-4956…
0 votes 0 Answers Share Flag
Thu Mar 23, 2017
Ingridharrington asked:
Thu Mar 23, 2017
S3rin313 answered:
Hi my name is Erin Sipes, & I'm looking for help. I have no idea where to start so I started on the first page I found. My grandma is selling her house after being in it since 1950. My mom, myself, sister, & all our kids grew up here in this home I call "the families safe haven". No matter how far apart our family moved away from each other & with all the changes our family went through we always had grandmas house to find each other again.. It's been the only solid thing in this family. I have lived on and off at this house most of my life. For the past 4years I have lived in the home with her taking care of her full time. She is wanting to sell it to be closer to my mom since her cerebral palsy son that she took care of all her life has passed my mom is the only child she has left. So I'm devastated at the thought of this house no longer being here as the solid foundation of this family. As I know my grandma is heart broken at the thought of leaving her home too, but feels it's become to much responsibility for her now. With a reverse mortgage on the home and more then half of its value has been used up for grandma to survive on the last 10 years it makes it impossible for someone like me with no credit or equity to get a loan to pay the bank off! So now my 2 kids & I are looking for a place and it being a real bad time since my husband and I just separated I'm left with really no clue what to do now. All I know is I'm desperate to some how keep the house. So my question is... Since I'm obviously not able to buy the home to save it my next desperate attempt would be finding someone who might be interested in investing in buying the home to rent it out to me? Is there someone out there that could pls point me in the right direction? Please help! Desperate to save grandmas home! Thank you and God bless! S3rin313@yahoo.com ... more
0 votes 8 answers Share Flag
Thu Mar 23, 2017
Boyd.dana answered:
It all depends if you can afford it or not. If you have no money to put down, your monthly mortgage payments are probably going to be very high. Also, its a super competitive market out there right now so having little to nothing to put down makes you less competitive and buying a house may be harder than you think. I have about 12% to put down and have been outbid 3 times now. I am looking in Silicon Valley though, which is an extremely competitive area so maybe there is less competition where you live. Again, it all depends on your personal financial situation. Just make sure you understand all the costs that will be involved before you make any final decisions. ... more
2 votes 150 answers Share Flag
Wed Mar 22, 2017
Sheryl Arndt answered:
Hello Pjackgi2011, yes if you already have an FHA loan you can do a streamline refinance.

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 2 answers Share Flag
Wed Mar 22, 2017
Durham.kendra answered:
My Loan Is Your Loan work with borrowers down to a 550 credit score for VA, FHA, and USDA loans. They have a direct lender who was able to get my loan closed fast. I would check them out. I worked with Brian Young at 2147973479 I would call him super easy and nice he helped before we completed an application.

Myloanyourloan.com
... more
0 votes 18 answers Share Flag
Tue Mar 21, 2017
Alysse Musgrave answered:
Non-qualifying assumable loans are a thing of the past (20-30 years ago). If you happen to find one, the equity required to assume the loan would be enormous. I'm afraid you'll have to find another path.

Buying a Home? Don't Let Them Make a Monkey Out of You! Follow the link below.


Alysse Musgrave
Consumer Advocate/
Exclusive Buyer Broker
http://HelpUBuyAmerica.com

Best selling author of Buying a Home: Don't Let Them Make a Monkey Out of You!
... more
0 votes 2 answers Share Flag
Tue Mar 21, 2017
Yousef Hamed answered:
I want to make a house out of shipping containers, I have a builder that is going to help, and get a septic...but not worth it if it is going to cost me 300k to get utilities and septic out there, anyone ever done it around? ... more
0 votes 4 answers Share Flag
Tue Mar 21, 2017
Brooknorton asked:
it takes me to the general Trulia site, not to the specific property. When I search on the property's address, Trulia does not find the rental listing. Why can I not find the properties…
0 votes 0 Answers Share Flag
Tue Mar 21, 2017
Sheryl Arndt answered:
Hello Refub, you will need to qualify and have 15% down for the purchase of an investment property to rent out. You may possibly consider the 203k loan to remodel your rental properties.

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.

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
Tue Mar 21, 2017
Sheryl Arndt answered:
Hello Robb, you may qualify for FHA or VA financing two years after a BK from 3.5% down and minimum 580 fico score. FYI, you may qualify ONE DAY after a short sale, foreclosure or deed in lieu with 20% down.

You may qualify to buy easier than renting. Do you have down payment and closing costs saved or do you need down payment and closing cost assistance programs? You may qualify to buy with minimal out of pocket expenses like the first, last and security of any rental deposits.

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.

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.

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.

You may consider primary residence 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.

The purchase in North Hollywood start from 190k for 1bd 1ba condo, from 235k for 2bd 1ba condo and up and the single family homes start from 400k for 2bd 1ba home.

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 2 answers Share Flag
Mon Mar 20, 2017
Willow asked:
Mon Mar 20, 2017
Willow asked:
Mon Mar 20, 2017
Sheryl Arndt answered:
It will depend on the county, down payment assistance program choice, income, number in household, etc.

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 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.

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.

You may go up to 600k in high cost areas and only 400k in others with the CalHFA. 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.

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.

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 5 answers Share Flag
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