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Home Buying in Palmdale : Real Estate Advice

  • All338
  • Local Info43
  • Home Buying106
  • Home Selling6
  • Market Conditions13

Activity 87
Mon Jul 17, 2017
Sheryl Arndt answered:
Hello Casey, it depends on if your talking about the newer tracks or not. Are you looking for a newer home or what price range?

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 Apr 11, 2017
Sheryl Arndt answered:
Hello Cakens67, you can get your W2s directly from the IRS with a phone call and they will fax or mail them to you upon verification of who you are when you call. You would only need them to buy with two years of income to prove your previous and current 2 year employment history.

You would only need copies of your pension or SSI awards letters if you are retired.

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

You can reach out thru my profile or websites.
... more
0 votes 13 answers Share Flag
Thu Feb 16, 2017
Jeff Baker answered:
Can you provide cancelled checks to confirm the payments? That is the best way to document timely rent payments without having to involve your landlord.
0 votes 1 answer Share Flag
Mon Dec 26, 2016
Sheryl Arndt answered:
Hello aracelilizarraga33, tou 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.


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 up to 417k. 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 417k.

The purchase in Palmdale start from 125k for 2bd 1ba single family home. You may qualify to buy with minimal out of pocket expenses.

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 you can be emailed 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/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 12 answers Share Flag
Mon Dec 26, 2016
Sheryl Arndt answered:
Hello Buenvenuto818, 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 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.

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 417k. 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 417k.

The purchase in Palmdale start from 125k for 2bd 1ba single family home. You may qualify to buy with minimal out of pocket expenses.

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 you can be emailed 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/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
Sun Jul 3, 2016
James answered:
0 votes 15 answers Share Flag
Sun Jan 17, 2016
Jay.gokul answered:
Lotus Realty Group Inc. will accept VA Loans

lotusrealtygroup.biz
0 votes 10 answers Share Flag
Tue Dec 1, 2015
Ivonned10 asked:
My husband and I are going to start the process through NACA and will be attending the workshop class in two weeks, My concern is my husband has 2 recent collections, we both have good paying…
0 votes 0 Answers Share Flag
Wed Jul 29, 2015
Johnny James answered:
Thu Mar 20, 2014
Johnny James answered:
Just because you make cash does not mean that you are unable to document your income. Some lenders have programs for self employed using bank statements. Also you should still file tax returns which document your income. ... more
0 votes 3 answers Share Flag
Mon Dec 2, 2013
Lsahagun answered:
Hi Alisha I have a home in east Palmdale in a good neighborhood. It's a 3+2 with new pant and new flooring. Please call me if interested (818)809-6006 lorena
0 votes 3 answers Share Flag
Tue Oct 29, 2013
Brian Nguyen answered:
Have you considered financing for this property? There are some things to think about when buying an investment property. Well first off since this is an investment property and not your primary home, things will be treated differently when it comes to finances and rules. You can no longer qualify for any of the first-time buyer perks like grants or an FHA loan unless you actually plan to occupy this property. Otherwise, you will be expected to pay a higher down payment and interest rate if this is your second property. Either way, you should speak with a lender like myself that would be able to help you with your questions when it comes to financing. Well I hope this helps! If you have any other questions or if you would like a loan, feel free to contact me. Good Luck! Brian Nguyen Sr. Mortgage Banker NMLS # 659743 Phone: 949.667.2887 brian.nguyen@nafinc.com ... more
0 votes 4 answers Share Flag
Fri Oct 25, 2013
Bradley Neumann answered:
Yes, you must have a few compensating factors. Examples: reserves worth 3 months of payments, not a big payment shock, undocumented spousal income. There are more, call or email for a free pre-approval and free credit report.

We can do: FHA, Conventional, USDA, VA, HARP, Interest Only, Home Equity, Fixed, and Variable. Find out which product is right for you by calling Brad now at 855 415-5626.

Brad Neumann
Sr. Loan Officer
Toll Free: (855) 415-5626 ext. 5734
Email: bneumann@myccmortgage.com
... more
0 votes 8 answers Share Flag
Sun Oct 6, 2013
Steven Laws answered:
As far as I know, there is currently no new homes being built in the area. Your best bet is to get an agent, let them know what your looking for, and have them check the MLS for properties that fit your criteria. There are always new listings being added every week, make sure you get an offer in on a property you want once it pops up, inventory is still low, so you have to be fast on the draw. ... more
0 votes 5 answers Share Flag
Wed Oct 2, 2013
JR Thrasher answered:
Hi,

My name is J.R. I am 48 years old with grey hair which is slightly balding :-(
0 votes 4 answers Share Flag
Fri Aug 2, 2013
Johnny James answered:
There are a couple of homes on the market right now in that price range.
0 votes 6 answers Share Flag
Tue Jul 23, 2013
Johnny James answered:
Wow Patrick, sorry you had such a bad experience in Palmdale. Thankfully everybody in Palmdale is not uneducated welfare families. Some of us do have advanced degrees and own real estate. Some of us actually have jobs and teach our kids values. Some of us actually like living in Palmdale. ... more
1 vote 12 answers Share Flag
Mon Jun 24, 2013
Johnny James answered:
The finance process is the same when you are applying for a home mortgage in Palmdale, CA.
0 votes 5 answers Share Flag
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