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Rancho Santa Margarita : Real Estate Advice

  • All40
  • Local Info2
  • Home Buying13
  • Home Selling1
  • Market Conditions2

Activity 50
Mon Oct 9, 2017
Sam asked:
Mon Oct 9, 2017
Mtaya asked:
Wed Sep 27, 2017
Nicole Fedorchek answered:
Is your property listed with a Realtor? If so, the Realtor can put the Open House information in the MLS, and it will automatically show up on Trulia. If you are NOT listed in the MLS, then you have to originate your request on Zillow, which feeds into Trulia.
Hope this helps! And if your property is not listed with a Realtor, I would love to help you out!
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0 votes 1 answer Share Flag
Sun Jan 1, 2017
Hello Robbievill, yes sure you should before you retire. 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.

You may consider 5% down Jumbo with a minimum 720 fico score from 417k up to 1.5 million and 10% down from a minimum 680 fico score and up to 2.5 million.

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 92688 zip code start from 205k for a studio condo, from 265k for 1bd 1ba condo, from 269k for 2bd 1ba condo and from 429k for 3bd 2ba condo and up.

You will need to be pre-approved to be able to meet an agent to view and submit offers on homes of your choice. You will need to gather one month paystubs, two month bank statements, last two year tax returns including 1040s, 1099s, W2s and all schedules and copies of your drivers license or ID and social security cards for each applicant.

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
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0 votes 1 answer Share Flag
Thu Jun 23, 2016
James asked:
Mon Apr 18, 2016
Jayne Beckett asked:
Hello, we are planning to emigrate to the US from the UK in July/August 2016. We are looking at many areas, with RSM being one of them. Appreciate we will have no US credit history, but…
0 votes 0 Answers Share Flag
Thu Jun 25, 2015
PIFA answered:
Look to sublet from someone who needs to leave but can not get out of the lease.
Fix your credit then move
Have a relative rent it and then you sublet.
0 votes 1 answer Share Flag
Thu May 21, 2015
Diane Christner answered:
IRS Publication 523 explains the criteria needed to use the $250k or $500k capital gains exclusion:

When in doubt, go to the source. ;-) ... more
0 votes 5 answers Share Flag
Thu Feb 26, 2015
Hi There,
There is an exclusion to taxes as long as this home was your primary residence for at least two years. The amount for single/unmarried is 250,000 and married is 500,000. I would advise you check with your CPA for the most current information regarding your situation if you are planning on selling.

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0 votes 4 answers Share Flag
Tue Oct 28, 2014
Kathy Kennedy answered:
The HOA is still the second lien holder but their foreclosure usually forces the first lien holder (the Bank that owns the loan) to foreclose so the bank auction buyer will own the home, the tenants if they have a lease I believe the new owners have to honor that. ... more
0 votes 2 answers Share Flag
Tue Oct 28, 2014
Kathy Kennedy answered:
where are you commuting to? Dove canyon does have the gate fees, it is farther to the freeway but its a beautiful community and very safe. I just moved a family into Dove and they couldn't be happier. The prices you are paying compared to Mission Viejo, is actually a little better, there are some homes in Dove Canyon that sell at excellent prices when you look at the updating necessary in Mission Viejo aged home compared to Dove Canyon, and when this community was built most residents did have done upgrades. If you would like someone to show you the area I have been a resident in the area for 25 years. 949-350-74444 ... more
0 votes 3 answers Share Flag
Tue Oct 28, 2014
Kathy Kennedy answered:
Yep Zestimates are interesting they are supposed to be based on surrounding area recent sales but some how it gets homes in the same tract completely different pricing. I have had sellers very unhappy about their Zestimate but there is no real way to change it. You can write in but they say it will take 6-8 weeks to have it updated, and it your home is already for sale this is a little to late. Trulia on the other hand is usually above the real price. Best way to get an accurate analysis is to go to a Realtor to get an opinion from a human and not a computer generated answer. Lots to take into account when pricing a property! Anyone who would like a free analysis is welcome to email me with their address and I will do an in depth analysis for you ... more
0 votes 4 answers Share Flag
Sat May 31, 2014
Karen Champ answered:
I would like you to direct your concerns to Rino Caturano and Portia Ryan, 949-282-1476. They need to successfully address your complaints. Unfortunately complaints about the office hurt the individual agents who may be good agents. Please include the name of the individual agent that was responsible for communication and your satisfaction.

As an Agent and KW Realty there is no way I would allow anyone to make the statements you are making and the agents I know at KW would not allow it either. Please to do not place blame on the whole KW office because one agent dropped the ball.

Also the closing package will come from your title agent. Who was handling title for you? KW can help you get that answer. Don't give up without demanding Rino and Portia give you answers. We have not disappeared -- contact Rino or Portia today.
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0 votes 9 answers Share Flag
Fri Mar 21, 2014
Danny & Anna Mendez answered:
What you have been quoted is the standard FNMA underwriting requirement. And there are exceptions to even that for extenuating circumstances. But you could possibly qualify under FHA. A single unit would get you a slightly lower down payment than 20%. A two-unit would have a much higher loan amount allowed and therefore, a lower down payment requirement. In addition, even for a single family residential unit, portfolio lenders can deviate from the agency requirements and can allow for a lower down payment. Let me know if you need any additional help on this. ... more
0 votes 17 answers Share Flag
Wed Feb 26, 2014
Nancy Callihan answered:
I live in the north part of Rancho Santa Margarita. Melinda Heights is one of the best schools in the state of California! Close and convenient to the 241 which is just minutes to the 5 and 405 freeway. Please let me know if I can help in any way. Best! Nancy Callihan, CRU Residential 949-842-6910/ ... more
1 vote 7 answers Share Flag
Thu Feb 20, 2014
Calvin Mackey answered:
It's all dependent upon the owner and who they are willing to rent their home to. Roomates are not a problem if all or the majority of them are working and have decent credit. I use an application package that breaks down the applicants income, let me know if you are still in need of assistance. Good luck ... more
0 votes 7 answers Share Flag
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