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Home Buying in Phoenix : Real Estate Advice

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  • Local Info160
  • Home Buying944
  • Home Selling108
  • Market Conditions70

Activity 1,025
Thu Jun 16, 2016
Ebonimicy answered:
Find the complete list of USDA lenders in Arizona at http://usdalenders.org/arizona-az/ .Only approved lenders can process and fund USDA guaranteed loans according to the guidelines and requirements mandated by USDA RD for residential properties in rural areas. ... more
1 vote 11 answers Share Flag
Fri Jun 10, 2016
Karen Peyton answered:
Since your question is being posted in Arizona I'd love to answer, but don't understand. Pay for "what?"
Please explain.
0 votes 1 answer Share Flag
Fri May 20, 2016
Karen Peyton answered:
Yes, it is possible. The existing (reverse) mortgage will have to be paid in full with the proceeds from the sale, and the owner (Seller) will keeps any money in excess of the amount.


Good luck!
... more
1 vote 1 answer Share Flag
Thu May 19, 2016
answered:
Jose and Kurina,

The length of employment allowed by lenders will rely on all sorts of factors. Were you employed before your most recent job? Were you in school? Is there a gap between jobs? Is the new job salaried, hourly, commission or 1099'ed?

I can typically get a borrower approved with the first pay stub from a salaried or hourly position, assuming gap in employment can be properly explained (and of course otherwise qualified). Feel free to reach out if you are still looking for a loan.
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0 votes 1 answer Share Flag
Fri May 13, 2016
Karen Peyton answered:
You should "qualify" your question for the best answer.

According to Arizona Regional Multiple Listing Service, the median Sold price of single family detached homes in Maricopa County for the month of April was $245,000. The monthly Market Report is not drilled down to city specific data.

Of "Active" homes currently marketed in the City of Phoenix without qualification of domicile, there are 4,131. The lowest price is $23,500. The highest price is 8,875,000. The average price is $430,161. There is no median data associated with this classification since the information presented represents a "live" stream of information.

Without parameters and qualification of data you have aggregate numbers, which are useless.

Best of luck!
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2 votes 1 answer Share Flag
Fri Apr 15, 2016
cdwatt2001 answered:
Looking for a investor friendly agent in the Phoenix area

I'm a new investor looking to purchase property to sell to other investors in Phoenix and surrounding area. I looking for a investor friendly agent that would work with me so I can help him accomplish his goals, and improve and maintain the Phoenix western image. If any agent that are interest in working with me, I would appreciate the contact. Contact info: Cell Phone # 48-204-4085 Web Address: cdwat2001@gmail.com. Thank You very much for your time. ... more
0 votes 11 answers Share Flag
Thu Apr 14, 2016
Karen Peyton answered:
t's not about what programs are available, it's about what programs are the right match for you, given your income, credit, location, and price of the home you want to buy. To become pre-qualified or pre-approved for a mortgage, you have to speak with a loan officer.
If you'd like help or have questions, you are welcome to contact me.
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1 vote 1 answer Share Flag
Tue Apr 12, 2016
Shannon Shutack answered:
Hello Jen!

Great question, many folks are wondering the same these days. I've worked with several buyers who have moved over from New Mexico and are really enjoying living here!

Your question is actually best answered via a lending professional (which I'll leave you a great resource after my short rant). Feel free to give Doug and call - he is very knowledgeable and client friendly without being pushy!
If you are considering buying a home in 85022 my partner (Shannon Shutack) and I have a few listings in that surrounding area and know it well. We would be glad to assist you throughout the whole process and answer any other questions you may have.
My contact is below and feel free to reach out anytime.

Thanks and have a great day!

Doug LaCorte
VP of Mortgage Lending
doug.lacorte@guaranteedrate.com
www.guaranteedrate.com/DougLaCorte
o: (480) 214-8851 - m: (602) 769-4577 - f: (866) 769-4433

Grant Olsen & Shannon Shutack
BHHSAZ
REALTOR
Grant.Olsen@BHHSAZ.com
480-800-9635
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0 votes 2 answers Share Flag
Mon Apr 11, 2016
Samvuko asked:
Fri Apr 8, 2016
MCM_STL answered:
You don't have "no credit". We all have credit scores. You just may have no credit history which results in a lower score.

Depending on his income, he might qualify all on his own. You can meet with a mortgage lender to find out.

If I were you, though, I wouldn't buy a house right away. You've moved to a brand new area so take some time to get to know your community before you tie yourself to a dwelling you cannot easily unload.

Additionally, you need to get some credit history. Apply for a no-fee credit card. It doesn't matter if the interest rate sucks because your goal is to only charge as much as you can pay off each month. Use it and *pay* it off in full every single month. It's a great way to build up your credit score.
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1 vote 1 answer Share Flag
Thu Apr 7, 2016
Karen Peyton answered:
At $6,000 your daughter is opting to make a 5% down payment which is higher than the "regular" 3.5% requirement for FHA loans.
Is your question regarding the loan amount, the down payment, or the availability of homes?
Feel free to contact me for information regarding any of these.
... more
1 vote 2 answers Share Flag
Sat Apr 2, 2016
Samira2424 answered:
I have a great recommendation if your concerned about your credit report and score. Call 1-800-368-4193 make sure you ask for Alicia. Worked with her last year to help remove inaccurate items on my credit report. When I was first referred to her my score was 480, 432 & 466 after 1 month it went up 39 points and in about 5 months 109 points. She is very knowledgeable on ways to legally make both the credit bureaus and creditors do the right thing, and in doing so the items fell off my credit report its been 9 months now I'm at 755 750 and 720 with Experian, but I'm still a satisfied client all I did was follow her advice. Oh she also has portal access so I saw exactly what was being done with my credit and I was able to message her when I had questions from within the portal. ... more
0 votes 4 answers Share Flag
Thu Mar 31, 2016
Jean-Leon Magnotto answered:
Was it your primary residence? This is most likely a question for your CPA, but I may be able to point you in the right direction with some more details. Let me know, good luck!
0 votes 2 answers Share Flag
Thu Mar 31, 2016
Jean-Leon Magnotto answered:
I'd be happy to help, I would just need some more information from you about the home that you would like. Feel free to reach out to me any time and I can get you set up. Good luck!
0 votes 1 answer Share Flag
Tue Mar 29, 2016
Wscing answered:
I have a 48 single family home portfolio for sale
John Fox
602-573-2895
0 votes 6 answers Share Flag
Wed Feb 24, 2016
Merlea2005 answered:
how easy is it to get a rent to own home
0 votes 10 answers Share Flag
Mon Feb 22, 2016
Karen Peyton answered:
I don't know of anyone doing them in Phoenix. Sterling Bank and Bank of Marin are/were doing them in California, so I would contact both of them to find out if they have a mortgage "arm" in Arizona, or know who provides them here.

If you'd like, you can message me with your complete scenario through Trulia or my website. I would then ask my lenders for a comparable product and put you in touch.

Good luck!
... more
0 votes 1 answer Share Flag
Sat Feb 20, 2016
Karen Peyton answered:
I'm confused. You're purchasing a home, closing in June, but haven't yet be qualified for a loan??? If I understand correctly, you need to speak with a lender "now" (as in yesterday)! Doing so will enable you to figure out what damage (if any) has been done to your credit.
And yes, in my opinion - you should make the payments and keep them current until your purchase is finalized.

Good luck!
... more
0 votes 1 answer Share Flag
Mon Feb 15, 2016
Jimmy Jung answered:
You should be fine. I'd highly recommend reaching out to Home Loans For All. They can find you a lender very quickly. We send a lot of clients to them.


www.homeloansforall.com/pre-qualify/ ... more
2 votes 2 answers Share Flag
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