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Home Buying in Menifee : Real Estate Advice

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

Activity 97
Mon Nov 20, 2017
Catinella.paul answered:
How did you get the IRS to give you a stamped copy?? I still have not filed my 2016 Federal Taxes and my Lender is telling me the quickest way To my local IRS Office to be stamped.
0 votes 4 answers Share Flag
Thu Oct 26, 2017
Hdjack2 answered:
How long does a foreclosure affect you I. Buying a new home?
0 votes 12 answers Share Flag
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!
... more
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
... more
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
Thu May 4, 2017
Rozfrazier2012 answered:
can a community vote to not have mello roos tax
0 votes 8 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.
... more
0 votes 1 answer 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
Tue Jun 30, 2015
Sherry Kotvis, MS answered:
I concur with all of these comments but will add just one important ingredient to the mix. Make sure the listing agent that is representing the seller is experienced in short sales and even better yet has hired a professional short sale negotiator. Additionally, ask your agent what kind of experience they have in short sales.. Having experienced agents on both ends of the transaction is key to a successful short sale. Good luck! ... more
0 votes 6 answers Share Flag
Thu Jun 25, 2015
Blanca Dover answered:
Your best bet would be to call a trusted lender in your community but from what I understand the waiting periods are 2 yrs VA, 3 yrs FHA and 7 yrs Conventional.

www.blancadover.com
1 vote 15 answers Share Flag
Mon May 18, 2015
christine kankowski answered:
I have done this personally many times. The lenders look that the rental amount more than covers the rent. Also, they only give you 75% of the value of the rent towards income (In that they assume there will be unrented days and repairs, etc. ) If you still qualify, many people own several homes in the area and are still able to secure a new home loan for a new personal residence.
THey do take extra care to make sure that you qualify strongly.
I have never had them say something needs to be rented for 2 years first

Hope that helps!
Christine kankowski
House Match Inc
... more
0 votes 6 answers Share Flag
Fri May 15, 2015
Soniajanki answered:
VA HOME LOAN PROVIDER - EXPERIENCED & RESPONSIBLE
As a top VA home loan provider, NASB offers great rates on safe and affordable loan products, including FHA and VA home loans. We want to provide those who protect our country with the financial tools to help them build their own American dream. NASB is eager to help you determine if you are eligible for VA financing, and if you qualify, provide you with quick and hassle-free VA loan approval. We know most people want to purchase a home within their means rather than taking the largest mortgage a lender will allow, so during the loan process we provide you with all the information you need to determine the amount of financing you can most comfortably afford. And this is just part of the superior customer service experience you can expect from NASB.

www.bankofamerica.com

A VA APPROVED LENDER
Earning the privilege to lend to our brave men and women is an honor we take seriously here at North American Savings Bank. VA approved lenders adhere to the highest standards of financial practice and NASB works extra hard to ensure a comprehensive loan experience for military personnel.

http://valoanguidelines.org/funding-fees-pmi/
... more
1 vote 15 answers Share Flag
Thu Apr 30, 2015
answered:
Yes, Pamela, That is fine.

It is hard to tell which area you are interested in. On one line it says you are looking in New York but the zip code is Menifee.

If it is Menifee there is another program that is ZERO DOWN and has a lower rate than FHA which we may be able to get for you.

Give me a call at 714-968-2500 if you would like to explore that possibility.
... more
0 votes 3 answers Share Flag
Tue Apr 14, 2015
answered:
From him? Who is him? Standard Pacific? Then yes you can.

I do not check replies, so if you have a comment or question email me here:
AGreer@TheMortgageOutlet.com

Alex Greer
Loan Officer
408-352-5147
NMLS #1056079
http://www.TheMortgageOutlet.com
... more
0 votes 1 answer Share Flag
Mon Apr 13, 2015
Charlotte Turner,ABR®,e-PRO® answered:
Hi Sandra,
I am a little unclear on your question. Can your builder increase the cost of your home instead of you paying up front? That depends on your builder and the terms you have negotiated in your purchase. ... more
0 votes 1 answer Share Flag
Wed Jan 14, 2015
Kevin and Julie McLaughlin answered:
As Realtors, we are not (typically) able to offer tax advice. Please contact a local tax professional for the most accurate info.
0 votes 2 answers Share Flag
Wed Nov 12, 2014
Robert Chomentowski answered:
Many times they will not let you amend your returns after going into underwriting.
0 votes 13 answers Share Flag
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