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Home Buying in Pasadena : Real Estate Advice

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  • Local Info8
  • Home Buying56
  • Home Selling12
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Activity 106
Thu Mar 16, 2017
Sheryl Arndt answered:
Why lease option if you may already qualify to buy with traditional financing? Lease options want minimum 10+% down and you may qualify to buy with FHA from a minimum 500 fico score with 10% down,.

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 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.

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.

If you decide you want to buy 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 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 9 answers Share Flag
Thu Mar 16, 2017
Sheryl Arndt answered:
Yes, 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.

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 decide you want to buy 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 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 9 answers Share Flag
Tue Feb 28, 2017
Sheryl Arndt answered:
Hello Tito, congratulations on your decision. How much do you have to work with towards down payment and closing costs?

Do you have down payment and closing cost or do you need down payment and closing cost assistance? Do you know your fico scores? What is the maximum mortgage payment you are looking to achieve?

The purchase in Altadena start from 389k for 1bd 1ba condo and the single family homes start from 415k for 2bd 1ba 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 you can be emailed listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.

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 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/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
Tue Jan 3, 2017
Rich Reed answered:
It depends on how your purchase agreement and intent to exchange supplement are written. And whether the failure of the exchange is through no fault of the buyer. If you are already involved in this transaction, please consult with your Realtor and/or your attorney. If you are contemplating a 1031 exchange and are not currently working with a Realtor, please contact us through our profile. We serve Pasadena and the San Gabriel Valley. We speak English, Mandarin, Cantonese, and Spanish. Check out our website at sgvre.net or in chinese at chinese.sgvre.net Thanks! ... more
0 votes 1 answer Share Flag
Sun Nov 6, 2016
Sheryl Arndt answered:
Hello Cherrybombfilms, the rent to own require a minimum non refundable 10% down plus additional non refundable fees.

You may qualify to buy with minimum out of pocket expenses and pay less than rent in many cities. The purchase in Pasadena start from 299k for a studio condo, 348k for 1bd 1ba condo and the single family homes start from 449k for 3bd 1ba fixer.

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

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, 1040s, 1099s, W2s and all schedules, copies of drivers license/ID and social security card for each applicant.

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 & VA/CalVet Loan Specialist
REO & 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 Oct 31, 2016
Rich Reed answered:
We serve Pasadena and the SGV. Contact me through my profile if you would like help. Thanks!
0 votes 1 answer Share Flag
Wed Jun 8, 2016
Rich Reed answered:
Yes, it can affect the Seller of the exchange property. The Buyer of the exchange property, if using C.A.R. forms, would submit an addendum with their offer entitled "BUYER'S INTENT TO EXCHANGE SUPPLEMENT." The Seller and their Realtor should review the terms carefully to see if it meets their needs and requirements. ... more
0 votes 1 answer Share Flag
Fri Jan 29, 2016
Amelia Robinette answered:
go to the source - who posted them in the first place? probably the listing agent, contact them and request they remove them from the MLS which is where they probably came from.
0 votes 1 answer Share Flag
Sat Jan 16, 2016
Cindy Davis answered:
This is a legal matter. I strongly encourage you to meet with an attorney. Realtors are not the ones who can advise you on thisl
0 votes 2 answers Share Flag
Tue Jul 21, 2015
Sam Andress answered:
Hi Paige,
If you've already found your agent and home congrats! If not, here are my thoughts on what you should ask:

1. Can you or your brokerage assist in getting me prequalified for financing?

2. What do estimated closing costs run in the price range and areas I am looking?

3. Will you be willing to show me as many homes as it takes to find the perfect one for my situation?

4. What value does your brokerage provide over competitors?

5. Why should I believe you will have my best interest in mind?
... more
0 votes 5 answers Share Flag
Sat May 9, 2015
Jessie Tao answered:
I wonder if you are talking about the condo on California Bl. You must have seen the place. Did you go for it?
0 votes 3 answers Share Flag
Tue Mar 31, 2015
Sheryl Arndt answered:
Hello maryannsfanmail, you did not include an address or link to know which house you are asking about? 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.

You may qualify to buy FHA with fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down or as low as .5% half percent down payment program. You may consider 3% down conventional from a minimum 620 fico score. 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. Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, home price, loan program and how much you want to invest into the down payment and closing costs.

It only takes a few dozen questions to qualify, go over your options and email you listings to study and compare. Here are some links to study as well as web reference links to many loan program pages offered...

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA/CalVet Loan Specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
22+ 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

If my response was helpful, consider clicking Thank, Link or Best Answer.
... more
0 votes 2 answers Share Flag
Tue Mar 31, 2015
Sheryl Arndt answered:
Hello Peter, I am not sure what data you are comparing? 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.

The purchase in Pasadena start from 260k for studio condo, 338k for 2bd 2ba condo, 365k for 3bd 2ba condo and the single family homes start from 399k for 3bd 1ba home which is as low as $2,000 down payment with a minimum 580 fico score @399k.

You may qualify to buy FHA with fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down or as low as .5% half percent down payment program. You may consider 3% down conventional from a minimum 620 fico score. 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. Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, home price, loan program and how much you want to invest into the down payment and closing costs.

It only takes a few dozen questions to qualify, go over your options and email you listings to study and compare. Here are some links to study as well as web reference links to many loan program pages offered...

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA/CalVet Loan Specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
22+ 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

If my response was helpful, consider clicking Thank, Link or Best Answer.
... more
0 votes 2 answers Share Flag
Tue Mar 31, 2015
Sheryl Arndt answered:
Hello Bruce, we don't use attorney's for our real estate transactions here as we use escrow and title officers as well as agents and loan officers. Are you paying all cash or need financing as well?

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.

The inventory is quite low for REO so most listings are standard sale with not much room for negotiations. It only takes a few dozen questions to qualify, go over your options and email you listings to study and compare. Here are some links to study as well as web reference links to many loan program pages offered...

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA/CalVet Loan Specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
22+ 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

If my response was helpful, consider clicking Thank, Link or Best Answer.
... more
0 votes 1 answer Share Flag
Tue Mar 31, 2015
Sheryl Arndt answered:
Hello Caroline, there are many rental scams on all sites so you should flag them to be removed when you find them. They are usually very low rent prices and from out of country so beware. I notice you are registered under "renter" and posting in "Home Buying in Pasadena"?

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.

Beware of the many rental scams out there these days on all sites. The scams are on all of the rental listing sites except one that us agents/broker use such as mls, multiple listing service.

You should not give anyone any funds or personal information without confirming with a licensed agent/broker or management company to find out whom you should be dealing with and the status of any address of interest.

You should study RENT vs BUY options as you may qualify to buy with minimum out of pocket expenses and pay less than rent in many cities. You may qualify to buy FHA with fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down or as low as .5% half percent down payment program. You may consider 3% down conventional from a minimum 620 fico score. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

The rentals in Pasadena start from $1,500 for 1bd 1ba apartment, $1,645 for 2bd 1ba apartment, $2,200 for 3bd 2.5ba townhome and the single family homes start from $2,100 for 2bd 1ba home.
The purchase in Pasadena start from 260k for studio condo, 338k for 2bd 2ba condo, 365k for 3bd 2ba condo and the single family homes start from 399k for 3bd 1ba home which is as low as $2,000 down payment with a minimum 580 fico score @399k.

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, home price, loan program and how much you want to invest into the down payment and closing costs.

It only takes a few dozen questions to qualify, go over your options and email you listings to study and compare. Here are some links to study as well as web reference links to many loan program pages offered...

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA/CalVet Loan Specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
22+ 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

If my response was helpful, consider clicking Thank, Link or Best Answer.
... more
0 votes 2 answers Share Flag
Thu Dec 11, 2014
Harold morgan answered:
I have good credit and im looking for a up stairs,down stairs family home in or around the areas of Pasadena California and the city of whitter
0 votes 3 answers Share Flag
Fri Nov 28, 2014
Elva Wormley answered:
I would have the city and a contractor come out before you purchase the property.

Best regards,

Elva A. Wormley
Mortgage Consultant
Office (408) 615-8500
C2 Financial Corporation
2845 Moorpark Avenue, Suite 209
San Jose, CA 95128
NMLS #331981 / CA BRE #01274093
... more
1 vote 3 answers Share Flag
Thu Oct 9, 2014
Von Bonilla answered:
Hello Debra,

It would be better to contact a real estate professional in Pasadena to help you find home rentals.
0 votes 5 answers Share Flag
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