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Menifee : Real Estate Advice

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  • Local Info11
  • Home Buying90
  • Home Selling8
  • Market Conditions6

Activity 152
Fri Sep 1, 2017
Prosper Realty answered:
We have had some clients also looking to do a 203k loan. We typically send these and most other clients to a company called Home Loans For All. They've been great about finding our clients a lender(s) for a ton of different situations. I'd start with them.


Best of luck!
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0 votes 7 answers Share Flag
Sat Jul 29, 2017
Hernandezrda asked:
Tue Jul 18, 2017
answered:
Hello kmcfaria21, yes you may consider FHA 3.5% down from a minimum 580 fico score. You may use foster parent income to qualify for a mortgage.

Do you have 3.5% down and closing costs or do you need down payment and closing cost assistance programs? 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.

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.

How much are you paying in rent and what is the maximum payment you are looking to achieve? How many bedrooms are you looking for? The purchase in Menifee start from 150-185k for 3bd 2ba single family home.

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 and you can be emailed listings to fit your search criteria.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA/CalVet Loan Specialist
Credit Repair Advice At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
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0 votes 1 answer Share Flag
Tue Jun 13, 2017
answered:
Hello Irisd60, yes for us but the majority of banks want a minimum 640 fico score for VA but we as a brokerage have 25-30 banks in which some go down to 500 fico score. He will need to gather some documentation to be able to be pre-approved.

He will need to be pre-approved to be able to meet an agent to view and submit offers on any homes of your choice. How much does he pay in rent currently and what is the maximum payment he is looking to achieve?

The purchase in Menifee start from 103k for 1bd 1ba condo and the single family homes from 205k for 2bd 2ba home. His qualifications will be determined by credit profile, debt to income ratios and loan program. His fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

He can buy with VA or CalVet with no down payment and no closing costs although there are costs such as appraisal fees, credit reports and an earnest money deposit. The closing can be set up to where he will get all his monies back except the appraisal fee.

If you figure out what cities/zip codes he is considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve any agent like myself can email listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.

I am also a Veteran and love assisting Veterans if he has any questions or concerns.

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA/CalVet Loan Specialist
Credit Repair Advice At No Cost
ALL Loan Programs Available
24+ Years Experience
BRE# 01140252
NMLS# 297251
... more
0 votes 1 answer Share Flag
Sun May 14, 2017
Markel221 asked:
Thu May 4, 2017
Rozfrazier2012 answered:
can a community vote to not have mello roos tax
0 votes 8 answers Share Flag
Fri Apr 28, 2017
Cynlker asked:
I've been living in this place four years my land lord wrote a letter saying what excellent tenants we r always pay rent on time take excellent care of house have had same cell phone number…
0 votes 0 Answers Share Flag
Wed Mar 1, 2017
answered:
Hello, I'm a mortgage professional.

If a borrower receives less than 25% of their income from commissions or receives no commissions at all, then we would not be required to deduct any Unreimbursed Employee Expenses from the borrower’s income.

Therefore Unreimbursed Employee Expenses must be deducted from a borrower’s income if the borrower receives 25% or more of their income from commissions.

There are some other guidelines pertaining to auto expenses as well.

I don't really know the details of what type of unreimbursed expenses you have but the above covers most of the details in the guidelines.

If you have any other questions or would like help with this you are welcome to get in touch with me.
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0 votes 1 answer Share Flag
Wed Nov 2, 2016
Christine.woods32 answered:
The first thing that I always advise to rookie landlords is treat renting as a business.
Don’t forget that you need to do a proper screening on each applicant. Tenants verification is a really big deal, and some landlords have serious mistakes in this area. So, in order to avoid them, read this article, the link of which I attached below.
You should know the fair housing laws as well. There can be serious implications if you violate them.
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0 votes 9 answers Share Flag
Fri Sep 30, 2016
Dearleafs99 asked:
Mon Jul 18, 2016
Angelica P answered:
Hello,

We’re excited you’re using Trulia for your home search process. 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. Click 'More Filters'.
5. Select your preferred property type, square footage, etc.
6. Click the red 'Apply' 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 "Contact the agent" button to get in touch with a real estate professional in your area. 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
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0 votes 1 answer Share Flag
Tue Jul 5, 2016
Maricris A 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 the email address that is associated with your Trulia account by replying to this email and we will be happy to assist you.

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/

Regards,

Maricris
Consumer Care Advocate
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0 votes 2 answers Share Flag
Mon Mar 14, 2016
Seegrammarun60@ yahoo.com asked:
Sat Feb 13, 2016
Frank answered:
looking for a better rate for buying a manufactured home on permanent foundation. 680 fico 20% down
0 votes 3 answers Share Flag
Sun Jan 31, 2016
Erlinda Decena asked:
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