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Riverside : Real Estate Advice

  • All539
  • Local Info24
  • Home Buying193
  • Home Selling23
  • Market Conditions15

Activity 513
Thu Apr 20, 2017
James Williams answered:
How much is lot rent Lamplighter Gainesville fl
0 votes 12 answers Share Flag
Thu Mar 30, 2017
Lostincali26 asked:
I would like to find how many homes have been bought and sold for a specified date range in a specified county within CA. Is there a trulia tool here or resource you know of?
0 votes 0 Answers Share Flag
Mon Mar 27, 2017
susan Leon asked:
income no problem, excellent rental hx for 12 or more years, but our credit scores are low, we want to live in city of riverside or surrounding area as we are 30 yr plus riverside residents.…
0 votes 0 Answers Share Flag
Fri Mar 17, 2017
Jesu49 answered:
Get a home inspection. I repeat, get a home inspection. You will need a down payment @ 10-20% unless you can apply for a program that allows 5%. You will pay for the home inspection, termite inspection, and appraisal. You will have to have money to put into escrow, taxes and at least one month mortgage payment. If there are problems with the house, ask the seller to fix them so that you won't have to. Don't be shy about that. Never fall in love with the first house you see, nor over in love with the one you want to purchase. Always be prepared in case the deal falls through to walk away and find another house. Trust your realtor on the value of the house. If you offer to low, you may not get it and you start your search over. Get pre-approved for your loan. Work with an experienced realtor, but not one that won't care about your process. They must have time for you. Ask around for the best realtor in your area. Understand that closing is a monster. Anything can happen and it can be delayed more than once. Be prepared to come up with more money at closing if the title company screws up your out of pocket payment for escrow or other things. It happens sometimes, well, often actually. I hope these suggestions help. Best wishes in finding your first home. ... more
6 votes 21 answers Share Flag
Thu Mar 16, 2017
Carol8thstreet asked:
Thu Feb 23, 2017
Valli Lopez answered:
Hi, depending on the loan to value, I should be able to help you cut that rate in at least half. Call me or email me, my info is in my profile.
0 votes 1 answer Share Flag
Sat Feb 18, 2017
Ba2000x answered:
So. Did you get to keep your house or not?
0 votes 10 answers Share Flag
Thu Feb 16, 2017
Rodney Poplin answered:
Our company In Park Lending, a division of MH Loans Corporation offers financing for manufactured and mobile homes in parks or on leased land in California, Texas and Florida.
www.inparklending.com or call us at 888-200-4903. ... more
0 votes 16 answers Share Flag
Thu Feb 9, 2017
Sheryl Arndt answered:
You may qualify ONE DAY after a short sale, foreclosure or deed in lieu with 20% down and minimum 620 fico score. After 3 years 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.

At 3 years, 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.

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 8 answers Share Flag
Mon Feb 6, 2017
Gregory M Chase asked:
https://www.trulia.com/property/3258994946-8024-Wendover-Dr-Riverside-CA-92509?ecampaign=e&eurl=www.trulia.com/property/3258994946-8024-Wendover-Dr-Riverside-CA-92509&alat=13bc7…
0 votes 0 Answers Share Flag
Wed Feb 1, 2017
Kathy Burgreen answered:
Why were you foolish enough to sign the deed over to your sister? Of course they wanted you to sign the deed to them because they listed your home for sale. Unfortunately, this is your mistake and you have to resolve this between you and your sister. Time to pay for an attorney and get it resolved. Looks like you were foolish to begin with. ... more
0 votes 1 answer Share Flag
Mon Jan 30, 2017
Sheryl Arndt answered:
Hello Patti, you can click the flag link by the listings and they will address it. Are you looking to buy or rent?

The rentals in 92508 zip code start from $1,239 for 1bd 1ba 681sf apt, $1,530 for 2bd 1ba 839sf apt and the single family homes start from $1,795 for 3bd 2ba 1,750sf home.

The purchase in 92508 zip code start from 275k for 3bd 2ba 1,424sf single family 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 any agent can email listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.

You should study RENT vs BUY options as you may qualify to buy and pay less than rent in many local cities. You may qualify to buy with minimum out of pocket expenses and pay less than rent.

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.

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.

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 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.

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 1 answer Share Flag
Thu Jan 26, 2017
Sheryl Arndt answered:
Hello Tsunamisue49, yes you should be eligible for the cash for keys program thru the bank that owns the home. They usually offer up to 120 days to find another rental without paying rent or cash for keys to move out within 30 days.

You should check with the local rental management companies for their inventory. How much do you pay in rent for you and your brother?

The rentals in Riverside 92503 zip code start from $850 for 1bd 1ba apt, $1,095 for 2bd 1ba apt and the single family homes start from $1,295 for 2bd 1ba home.

The purchase start from 170k for 2bd 1ba condo and up which you could buy with less than it cost for any rental.

You should study RENT vs BUY options as you may qualify to buy and pay less than rent in many local cities. You may qualify to buy with minimum out of pocket expenses and pay less than rent.

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.

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.

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 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.

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 1 answer Share Flag
Wed Jan 25, 2017
Scottchking answered:
Loan Amount: $223,100.00 Interest Rate: 4.375% APR APR: 5.473%

CAL HFA LOAN Conventional

Loan Origination Fee: $4,462.00
Processing Fee $495.00
Admin Fee $899.00
Appraisal Fee $500.00
Credit Report $125.00
Flood Cert $11.00
Funding Fee to Loan Servicing $250.00
Loan Tie-in Fee $700.00
Title and Closing Fees
$ Owner’s Title Insurance $
$ Lender’s Title Insurance $700.00
$ Settlement Fee $1,500.00

Purchase Price/Payoff:
FHA UFMIP/VA Funding Fee:
Total Costs:
$230,000.00
$10,042.00
$1,735.06
$241,777.06
... more
0 votes 1 answer Share Flag
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