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Home Buying in Rio Rancho : Real Estate Advice

  • All107
  • Local Info8
  • Home Buying36
  • Home Selling12
  • Market Conditions9

Activity 39
Fri Nov 11, 2016
Neil Roxas answered:
Hi,

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Consumer Care Advocate
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Thu Aug 18, 2016
Stclair62 asked:
Wed Apr 6, 2016
agatto2 answered:
same happed to us about 10 times ... scammers
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Mon Mar 9, 2015
Jay asked:
I withdrew the money from my IRA account to use towards the down payment and it was wired into one of my accounts. Due to this being my first home I don't know much about the process and…
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Wed Jan 21, 2015
My NC Homes Team answered:
Jackie,

I'll let a mortgage lender answer your question regarding getting a mortgage but will say it's not out of the question though your terms aren't likely to be as good as if your score were higher.

What I want to address is your desire to buy a foreclosure. Frankly without even seeing the house I'd tell you the chances of your actually getting a good deal on a foreclosure are less than 1/2 of 1%

I've attached a link below to a much more detailed article I've written about buying foreclosures and hope you find it helpful.
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Tue Dec 2, 2014
cyndi answered:
Rio Rancho is a Tea Party Community with very closed minded residents that is not a real community. I would recommend not moving there unless you want to get together with other OLD Tea Party residents in their late 70 and early 80's that only care about their outdated points of view. ... more
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Tue Aug 5, 2014
JErskine answered:
Hello,

OneTrust Home Loans is a direct lender and does allow for under a 600 credit score on all of its VA and FHA loans. If you have yet to purchase a home, please contact our local Albuquerque office at 505-219-0536 and ask for the manager Joe Diz. ... more
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Sun Jul 20, 2014
Susan Ryerson answered:
Hi Kimberly - I am currenlty working with a buyer who met with a lending rep who actually helped her understand how some steps over a short period of time might help get her credit score up. If you still need some help, happy to connect you. ... more
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Sun Jul 20, 2014
Susan Ryerson answered:
Here is a recent article from the local paper from just a few weeks ago on this question. It seems to indicate although staffing is down, Intel remains committed to the location. http://www.rrobserver.com/opinion/editorial/article_008030d4-eb68-11e3-8efe-0019bb2963f4.html ... more
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Fri Jun 13, 2014
Peter Cochran answered:
Victoria, since you would apply together, his 530 credit score would be the bottleneck in you being approved for a loan. Unfortunately, there are many people like you and your fiance having trouble out there trying to get approved with more strict lending standards.

I can suggest Spence Lewellen (505.340.0303) from Primary Residential Mortgage. He has a vast wealth of lending experience and can get you with a credit repair specialist to get his credit back on track.

Good luck!
Peter
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Fri Jun 6, 2014
Genevieve Moya answered:
Purchasing a home for under $190,000 with a mortgage payment of $1000 (+/-) is do-able! You can always affect the amount of monthly mortgage you pay by increasing your down payment. The higher the down payment, the lower the mortgage payment. Since your credit score affects your interest rate, ensure that when you apply for a loan, your credit score is as high as you can get it. ... more
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Mon Feb 3, 2014
Leigh-Jo Anzures answered:
Hello,

I list and sell land in Rio Rancho. I take and enhance multiple photos of the actual lots location. I also create a 360 degree video of the area.

For a FREE land valuation, go to: www.syan.com/valuation/land

Leigh-Jo
Syan Real Estate
Call/Text: (505) 730-8181
FREE Listing Alerts: www.syan.com/alerts
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Fri Dec 27, 2013
Josh Barnett answered:
What will the down payment be?

What will the term of the loan be?

What is your current credit score?
0 votes 3 answers Share Flag
Sun Oct 20, 2013
Leigh-Jo Anzures answered:
Hello,

Which neighborhood in Rio Rancho are you interested in comparing to Ventana Ranch? In Rio Rancho, there are some brand new neighborhoods and areas that have been around for over 30 years.

Let me know and I can give you a good comparison.

Leigh-Jo
Syan Real Estate
Call/Text: (505) 730-8181
FREE Listing Alerts: www.syan.com/alerts
... more
0 votes 2 answers Share Flag
Sun Sep 29, 2013
Diana Costales answered:
Hello There,

I am a broker and I live on that street. If you would like to ask more specific questions about that neighborhood, I am happy to speak with you.
Contact me at 505 363-5457

Diana Costales
Dcostales.cbl@gmail.com

Associate Broker
Coldwell Banker Legacy
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Sat Aug 24, 2013
Patrick Willard answered:
Joerattera,

I've heard of doing the replumb under ground and it is a ton more work and mess and costs a lot more. I too had concerns about running pipes in the ceiling because years ago I listed a bank foreclosure that had been vacant for a while and when water was turned on we had a mess because a pipe had frozen. I discussed this with every plumber I had do an estimate on my house and basically if the insulate right it shouldn't be an issue. Also I talked to a neighbor that had done a repipe a couple years before and he said "at least if you have a leak you'll know right away" which is true. If pipes are under the slab it can leak for weeks before you know. I really wish they'd build on crawl spaces instead of slabs because then they could run them under the floors and still have easy access but it's about building them fast and cheap now days.

As for agents refusing to sell homes unless they are replumbed I don't agree with that. I understand having everyone sign disclosures, we live in a sue happy world. You can't watch TV for an hour without seeing at least a half dozen lawyer ads. As long as all parties are aware (disclosure) and they agree I think the buyer and seller can do what they like. That being said if a seller can afford it I'll suggest it because if you compare sales prices of replumbed and not replumbed homes they'll very like recover the cost and I'll usually tell a buyer if you don't have 5 or 6 grand sitting in the bank for a replumb it may be best to avoid polybutylene.
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Mon Aug 5, 2013
Alexander Greer answered:
We can certainly help you out. You can check us out at http://www.TheMortgageOutlet.com and give us a call. One of our loan officers will look at your situation and present you with some options. ... more
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Wed Jul 17, 2013
Leigh-Jo Anzures answered:
Hi Janet,

As you've seen below, the HOA for the home is $35 per month. According to the MLS, it covers the common area and front landscaping. The home is a short sale and has been on the market for just over 5 months. For information on short sales, go to http://www.syan.com/shortsales

To view details about the home directly from the local MLS, go to http://goo.gl/gFG2M

Leigh-Jo
Syan Real Estate
Call/Text: (505) 730-8181
... more
0 votes 3 answers Share Flag
Fri May 24, 2013
Leigh-Jo Anzures answered:
Rio Rancho is the fastest growing city in the State. It passed Santa Fe. It's the third largest city in the state. So, its growth is partly why you may see a lot of homes on the market. Right now, there are just over 700 homes on the market in active status.

To compare, Albuquerque has just over 2,600 homes on the market.

Leigh-Jo
Syan Real Estate
Call/Text: (505) 730-8181
... more
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Mon Mar 18, 2013
Leigh-Jo Anzures answered:
Hello,

In most cases, it can take 2 years from the date of discharge on a bankruptcy before you can become eligible to buy a home again. You may have additional options, but it would be important to first get you connected with a mortgage lender to help review your situation.

Leigh-Jo
Syan Real Estate
Call/Text: (505) 730-8181
... more
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